Final close for Vidia Climate Fund I at USD 452 million
Vidia Equity has announced the final close of its Vidia Climate Fund I at EUR 415 million (USD 452 million).
Vidia's Fund I aims to achieve both superior financial returns and positive climate impact through investments in mid-market solutions within three primary climate themes:
- Industrial materials,
- Electrification, and
- Circular economy.
Vidia will concentrate on reducing emissions in five of the most emission-intensive sectors:
- Energy, Industrials,
- Transportation,
- Buildings, and
- Food & Agriculture.
Fund I has already successfully invested in two ventures BPM, a German mechanical recycling specialist focused on producing granulates and regrinds from post-industrial plastic waste, and Wierig Group, a service provider specializing in large industrial flat roofs. The latter complements energy-efficient refurbishment with the installation of photovoltaic and other alternative energy systems.
Country updates
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