ISA partnered with Wayra and Telefónica Movistar and launched Inndigo, which intends to invest $130m in energy transition startups by 2030.
Colombian energy utility Interconexión Eléctrica (Grupo ISA) has formed a corporate VC arm called Inndigo.
Wayra, an accelerator and investment subsidiary of Spain-headquartered Telefónica, is supporting the initiative, as is Telefónica Movistar Group’s open innovation group and corporate fund.
Inndigo is set to invest up to $130m by 2030 in energy transition companies from series B and beyond. Santiago Hoyos (pictured left), Colombia-based head of innovation, oversees the CVC team, which includes Brazil-based Amanda Coutinho (pictured right), who had announced her new role as director of innovation investments in recent weeks.
“With Inndigo, we are responding to our goal of leading the energy transition by leveraging the knowledge and speed of entrepreneurship to accelerate the implementation of innovation in the energy sector on a global scale,” said ISA chief executive Jorge Andrés Carrillo.
“With an investment of $130m, this programme has become one of the most relevant commitments of CVC in the region.”
