Accelerator

EDP Ventures

VC arm of utility EDP investing in energy technology, cleantech, and electric mobility.

PortugalLisbonSeries A to Series BEnergyCleanTechMobility

Details

Location

Lisbon, Portugal

Category

Accelerator

Stage

Series A to Series B

Profile

/portugal/accelerator/edp-ventures

Related entries

Startups with overlapping focus

BlaBlaCar

Paris, France · Startup

BlaBlaCar is the world’s leading long-distance carpooling platform, often hailed as France’s flagship startup success. Founded in 2006 by Frédéric Mazzella (along with Francis Nappez and Nicolas Brusson), BlaBlaCar was born from Mazzella’s realization that countless car journeys had empty seats. The platform (named after users’ self-described chattyness level – “Bla”, “BlaBla”, or “BlaBlaBla”) connects drivers with spare seats to passengers traveling the same way, so they can share the ride and costs. Today, BlaBlaCar has a 100 million-member community across 22+ countries, serving over 25 million travelers per quarter pre-pandemic. It operates in most of Europe and parts of Latin America and Asia, having successfully localized carpooling in markets like Germany, Russia, Brazil, and Turkey. The company also branched into bus travel: in 2018, BlaBlaCar acquired Ouibus from SNCF, rebranding it BlaBlaBus, to offer intercity bus routes alongside carpool rides. BlaBlaCar’s business model charges a roughly 10–20% booking fee from passengers in mature markets, though in new markets it often launches free to build liquidity. Known for its strong community culture, BlaBlaCar emphasizes trust – it introduced verified profiles, ratings, and even an optional “Ladies Only” carpool option. The company achieved unicorn status in 2015 when it raised $200 million at a $1.6 billion valuation and later was valued around $2 billion. Despite the pandemic’s impact on travel, BlaBlaCar rebounded by 2022, even reporting profitability. In 2023, it raised €100 million in financing to fuel growth. BlaBlaCar is often cited in case studies (Harvard, etc.) as a pioneer of the sharing economy in Europe, proving that a people-powered platform can transform intercity transport. By bringing cost-effective travel to millions and fostering new friendships on the road, BlaBlaCar has truly brought “ridesharing” into the mainstream – and stands as one of Europe’s few consumer-tech unicorns with global reach.

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Bolt

Tallinn, Estonia · Startup

European mobility platform covering ride-hailing, micromobility, and food delivery.

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Cazoo

London, United Kingdom · Startup

Online marketplace that simplifies buying, financing, and swapping nearly-new cars in Europe.

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Climeworks

Zurich, Switzerland · Startup

Climeworks is a Swiss climate tech pioneer specializing in direct air capture (DAC) of CO₂ – essentially technology to filter carbon dioxide directly out of the atmosphere. Founded in 2009 as a spin-off from ETH Zürich by engineers Jan Wurzbacher and Christoph Gebald, Climeworks has the distinction of building the world’s first commercial DAC plants. Its modular CO₂ collectors use a special filter that binds CO₂ when air passes through, then releases pure CO₂ when heated, allowing it to be captured and stored or reused. In 2017 Climeworks opened a prototype DAC plant in Iceland in partnership with Carbfix, where captured CO₂ is injected underground and mineralized into rock. By 2021, they launched “Orca” in Iceland – the largest DAC plant at the time – able to remove 4,000 tons of CO₂ per year, selling carbon removal as a service to corporate clients like Stripe, Microsoft and Shopify. Climeworks gained widespread attention as the first DAC unicorn: in April 2022 it raised $650M in an equity round (Europe’s largest-ever climate tech funding) at a valuation reportedly around $2 billion. Investors include Carbon Removal Partners and Big Oil venture arms, reflecting broad interest in negative emissions tech. As of 2025, Climeworks is scaling up “Mammoth,” a 36,000 tCO₂/yr plant in Iceland, and planning multi-megaton facilities by 2030. The EU and US policy push for carbon removal (with 45Q tax credits, etc.) strongly benefits Climeworks. The company also sells captured CO₂ for reuse in drinks and agriculture (a smaller market) and operates demonstration units in countries like Switzerland and Italy. With global climate goals increasingly reliant on carbon removal, Climeworks is positioned as a leader in an emerging industry. It touts a goal of removing 1% of global CO₂ emissions by 2050. While challenges remain (DAC is energy-intensive and currently expensive, around $600/ton), Climeworks has achieved real progress – turning sci-fi into reality. Its name comes up frequently in climate policy discussions, and it was highlighted at COP26 as an example of scalable climate innovation. In summary, Climeworks is a trailblazer in direct air capture, turning a bold lab idea into the world’s first commercial carbon removal service, putting Zurich on the climate tech map.

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Einride

Stockholm, Sweden · Startup

Autonomous electric freight company operating driverless Pods and software to decarbonize logistics.

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Flix

Munich, Germany · Startup

Long-distance mobility network operating intercity buses and trains across Europe.

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