EWE, a Germany-based local government-run energy and telecommunications utility, has provided a seven-figure euro sum (€1m = $1.2m) for public-private partnership High-Tech Gründerfonds’ third seed stage-focused fund.
EWE serves about 3.9 million customers who are mostly situated in northern Germany. It hopes the move will provide information on digitalised services and potential growth in the energy, telecoms, mobility and IT sectors, with the aim of future-proofing its energy supply network by 2026.
HTGF is due to close its third fund,…
