Energy Impact Partners (EIP) recently completed fundraising for its groundbreaking Elevate Future Fund I LP, amassing $111.9 million in limited partner commitments. Southern Company, a founding investor in EIP, will see its president and CEO-elect Chris Womack co-chair Elevate’s advisory board.
The Elevate fund aims to foster diversity within the energy sector by allocating capital to underrepresented founders of clean technology companies and promoting diversity among minority-owned businesses in the associated supply chain. The fund also invests in other parties within the broader energy ecosystem to further the common goal of expediting the transition to clean energy while enhancing diversity, equity, and inclusion in the wider venture capital network.
Southern Company and its subsidiaries are actively collaborating with various companies supported by Elevate, including ChargerHelp! and Rheaply. ChargerHelp! is an electric vehicle charging station and maintenance company, while Rheaply is a cloud-based resource exchange platform that facilitates efficient material and resource trading for organizations.
Energy Impact Partners, led by managing partner Anthony Oni, is a global investment firm focused on advancing innovation by uniting entrepreneurs with forward-thinking energy and industrial companies. Boasting over $3 billion in assets under management, EIP invests across venture, growth, credit, and infrastructure sectors, with an 80+ strong team operating from offices in New York, Atlanta, San Francisco, Washington D.C., Palm Beach, London, Cologne, and Oslo.
