Marotta will continue to work for Terna's CVC unit, having relocated from Italy to Silicon Valley for an international innovation specialist role.
Luisa Marotta has left her Rome-based role as an investor at Terna Forward, the corporate venture capital fund of Italian utilities company Terna Group, moving to a different role based in Silicon Valley.
Marotta is still working for Terna’s CVC unit, but now as an international innovation specialist, helping to establish relationships with local VCs and help promote Terna Forward’s portfolio in the US.
“I am no longer in the CVC vehicle but I have been appointed for this role because of my CVC background,” Marotta told Global Corporate Venturing.
Before Terna, Marotta spent six months from May 2021 as a senior IT analyst at Enea Tech e Biomedical, a private law foundation supervised by the country’s Ministry for Business and Made in Italy. She also held a four-year stint at another utility, Acea, in positions including innovation specialist and data analyst.
Terna Forward is a €50m ($52m) fund founded in 2022. The unit invests in startups developing energy transition technologies focusing on robotics and asset monitoring. It has disclosed an investment in Wesii, an AI-driven aerial inspection services provider, which raised $3.1m in a funding round in March this year.
