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EIF Raises $250-Million Fourth Fund

July 13, 2021
SAN FRANCISCO, CA – July 13, 2021 – Ecosystem Integrity Fund (EIF), a leading sustainability-focused early growth stage investment firm, has announced the close of its fourth fund near $250 million in commitments. This is one of the largest sustainability-focused venture funds to date for 2021.

eMotorWerks Acquired by Enel

October 25, 2017
Enel S.p.A. (“Enel”), through its US subsidiary EnerNOC, announced today the acquisition of California-based eMotorWerks, a leading North American supplier of electric vehicle (EV) …charging stations, called JuiceBox, and owner and operator of JuiceNet, an Internet of Things (IoT) platform for the smart management of EV charging and other distributed energy storage facilities. Through the JuiceNet platform, these facilities can be remotely controlled and aggregated for grid balancing purposes relying on unidirectional and bidirectional (vehicle-to-grid, V2G) electricity flows. The acquisition of eMotorWerks marks Enel’s entrance into the US electric mobility market, one of the largest EV markets at global level.
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Pepsico Acquired KeVita

November 22, 2016
PepsiCo, Inc. (NYSE: PEP) announced today that it has entered into a definitive agreement to acquire KeVita, EIF’s probiotic beverage company. The transaction will expand … PepsiCo’s health and wellness offerings in the premium chilled beverage space and represents a key demonstration of EIF’s strategy – to help effect incremental change within large, entrenched systems. In this case, KeVita sits at the intersection of the food, agriculture, and health care systems. EIF believes that large corporates like Pepsi acquiring smaller companies, like KeVita, is an effective way to promote healthy, more sustainable alternatives to a wider audience.
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SolarCity to Acquire Zep Solar

October 8, 2013
SolarCity Corp. (Nasdaq: SCTY) and Zep Solar, Inc., today announced that they have entered into a definitive agreement for SolarCity to acquire Zep Solar, Inc. for approximately $158 million. The purchase price is payable … in shares of SolarCity common stock, and is subject to reduction for the amount of net indebtedness of Zep Solar as of the closing.
Zep Solar is one of the leading providers of residential photovoltaic module mounting systems in the U.S., and has been one of SolarCity’s primary component suppliers for residential systems in 2013. Upon close of the acquisition, Zep Solar will operate as an independent business unit of SolarCity.
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Portfolio Company News

Ecosystem Integrity Fund Raises $250-Million Fourth Fund

EIF IV has made six investments towards Series-A and B rounds for high-growth, early-stage clean energy, mobility, and consumer-facing sustainable companies

SAN FRANCISCO, CA – July, 13 2021 – Ecosystem Integrity Fund (EIF), a leading sustainability-focused early growth stage investment firm, has announced the close of its fourth fund near $250 million in commitments. This is one of the largest sustainability-focused venture funds to date for 2021.

The fundraising exceeds its original $200 million target. Investor participation includes high-quality, impact-focused limited partners including Haniel, TVA Asset Retirement Trust, Doris Duke Charitable Foundation, and Spring Point Partners, among other institutions, foundations, and family office. Together with its first three funds, EIF now manages over $425 million of assets. The EIF team has been investing in sustainability solutions for over a decade, making it one of the longest tenured environmentally focused venture capital funds.

EIF IV has made six investments thus far. Investments include: Ampersand (electric moto-taxis), Energicity (solar-powered community grids), ThinkIQ (digital manufacturing), Unagi (electric scooters), Vericool (sustainable coolers and packaging) and ZeroAvia (hydrogen-electric aviation).

The fund’s investment focus areas include renewable energy, power grid management, energy efficiency, electric/efficient transportation, green chemistry, waste reduction, agriculture, and sustainable foods. Much of EIF’s portfolio focuses directly on climate change and has long-term impacts on reducing greenhouse gas emissions and enhancing climate change adaptation.

“We are proud of our track record as a fund and the excellent work being done by our portfolio companies,” said James Everett, managing partner, Ecosystem Integrity Fund. “At EIF, we identify systems that are ready to change and partner with companies positioned to catalyze more sustainable systems across large industries.”

About Ecosystem Integrity Fund

Ecosystem Integrity Fund (EIF) invests in early growth-stage companies contributing to environmental sustainability across multiple sectors including renewable energy, energy efficiency, waste reduction, green chemistry, transportation, agriculture, and water. EIF takes a systems-based approach to sustainability investment, studying both the drivers for change as well as the constraints to innovation in market niches that are ripe for development. EIF invests in companies solving real problems, resulting in better investment opportunities and greater impact. The firm has over $425 million assets under management. For more information, visit: www.ecosystemintegrity.com.

Business Contact:

Andrea Gaitan
Ecosystem Integrity Fund
andrea@ecosystemintegrity.com

Media Contact:

Chris Allieri
Mulberry & Astor
chris@mulberryandastor.com