5.3 Three successful exits from EIT InnoEnergy in 2022

During 2022, three companies - EOLOS, Foreseeti and SunRoof - exited from the EIT InnoEnergy portfolio following successful collaborations, during which time all significantly grew their market offerings and financial value. EIT InnoEnergy had provided each with a range of value-added management services for growth, in the areas of organisation, talent, industrialisation, internationalisation, financial management and alliances.

In December 2022, leading Spanish private equity firm, Nazca Capital, acquired a stake in the start-up Eolos Floating Lidar Solutions (EOLOS), including the 100% stake owned by EIT InnoEnergy. In a relationship of over a decade, EIT InnoEnergy’s support helped EOLOS to become one of the top two companies in the world in offshore wind measurement, with a turnover of close to €10 million.

In March 2022, EIT InnoEnergy confirmed its largest ever company exit with the sale to Google of its 100% interest in the Swedish cyber security company, Foreseeti. With support from EIT InnoEnergy, Foreseeti empowered companies –particularly in the energy sector –to manage their cyber security in a proactive and business minded way.

Also in 2022, EIT InnoEnergy exited from SunRoof following a successful relationship in developing the company at an early stage. The company attracted new investment partners in 2022 to provide further funding and support. SunRoof is a manufacturer of innovative solar roof tiles embedded with photovoltaic cells, as well as energy management technologies.

R AJAI A GHABI Founder & Chief Executive Officer of EOLOS

The support we have received from EIT InnoEnergy has enabled us to turn an idea with market potential into a successful company with global operations.