Welcome VERBUND X!
The Corporate VC arm of Austria’s leading energy group VERBUND, VERBUND X shares our vision for innovation and electrification as key drivers of building the future energy system.
With VERBUND X on board, Vireo now partners with four major European utility companies — a clear sign of trust in our mission and recognition of the role venture capital plays in advancing the energy transition.
Franz Zöchbauer, Managing Director of VERBUND X, captures the alignment perfectly:
“Vireo’s focus on early-stage energy tech startups in Europe fits seamlessly with our strategy. Their experienced team, with a strong track record, opens the door to top-tier deal flow while creating valuable synergies through shared expertise and co-investment opportunities. Together, we can identify and scale innovative technologies to make a meaningful impact on the energy transition.”
VERBUND X now joins our network of strategic partners, which include, among others, the European Investment Fund (EIF) and EnBW New Ventures.
We’re proud to have such strong supporters by our side, all united by the same mission: driving the energy transition forward.
Thank you for your trust and collaboration: Michael Strugl, Franz Zöchbauer, Tanja Reiter and the entire team at VERBUND X.