# Fotowatio Renewable Ventures

> Fotowatio Renewable Ventures is a VC fund backing Solar and Renewable Energy. See 4 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Madrid, Spain
- Total investments: 4
- Last investment: Oct 2022
- Lead investor: 75%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company-beta/262923
- Website: http://frv.com

Fotowatio Renewable Ventures is a VC fund in Madrid focused on Solar and Renewable Energy. Fotowatio Renewable Ventures is providing comprehensive renewable energy solutions across the globe.We believe in improving energy performance and competitiveness and transforming these solutions into the most economic, sustainable and accessible options for our clients, investors, governments and, of course, users.We believe that the use ofrenewable energy is the key to our future The transformation of the energy market, and the increasing shift towards sustainability, will positively impact mankind at all levels, socially, environmentally and economically. For this reason we remain committed to our founding focus: to demonstrate that energy produced through renewable sources is the best possible alternative to fossil fuels thereby contributing to improving and protecting our future.We pursue success through commitment and innovation; finessing our capabilities and forging a solid path of experience and expertise over the last decade, which forms the foundation of our business today.As a strong advocate of sustainability, FRV is a young and entrepreneurial business. We have consolidated our position in the renewable energy market due to the transparency and governance of our operations, and the proven results we have achieved.We are proud that each of our projects has fully delivered on original investment expectations, with regards to both quality and productivity; generating returns for investors and providing energy for consumers at competitive prices.Building on our established leadership in the solar energy sector, we are now using this as the basis to become a spearhead in the wider renewable energy industry worldwide. The combination of our pioneering spirit and superior technical knowledge allows us to create innovative solutions to drive change for a more sustainable future.

## Contacts

5 contacts available for Fotowatio Renewable Ventures. Shizune tracks 4 team members at Fotowatio Renewable Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/fotowatio-renewable-ventures?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $9.8M–$9.8M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Solar | 3 | 75% |
| Renewable Energy | 3 | 75% |
| Energy | 2 | 50% |
| Battery | 1 | 25% |
| Software | 1 | 25% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 25% |
| Series A | 1 | 25% |
| Series B | 1 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Germany | 1 | 25% |
| Australia | 1 | 25% |
| United States | 1 | 25% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Borja Guinea | COO | 0 | https://shizune.co/investors/profile/borja-guinea |
| Daniel Sagi Vela | CEO | 0 | https://shizune.co/investors/profile/daniel-sagi-vela |
| Joe Kastner | Founder | 0 | https://shizune.co/investors/profile/joe-kastner |
| Rafael Benjumea | CEO | 0 | https://shizune.co/investors/profile/rafael-benjumea |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ecoligo | Ecoligo is a solar utility that provides low-cost solar energy to local businesses in emerging markets. By financing the solar systems through a crowd-investing platform, they close the finance gap that prevents these projects from being realized. Projects are enabled by committed and environmentally conscious investors who fight the climate crisiswith their targeted investments in solar projects while earning significant interest. By supplying commercial and industrial enterprises in fast-growing economies with solar energy, Ecoligo contributes to saving harmful CO₂ and actively protects the climate. The fully financed solar-as-a-service projects not only bring Ecoligo’s customers financial savings but also enable them to grow sustainably. Ecoligo implements solar energy solutions that generate economic and environmental returns. | $9.8M | Series A | Oct 17, 2022 |  |
| Ecoligo | Ecoligo is a solar utility that provides low-cost solar energy to local businesses in emerging markets. By financing the solar systems through a crowd-investing platform, they close the finance gap that prevents these projects from being realized. Projects are enabled by committed and environmentally conscious investors who fight the climate crisiswith their targeted investments in solar projects while earning significant interest. By supplying commercial and industrial enterprises in fast-growing economies with solar energy, Ecoligo contributes to saving harmful CO₂ and actively protects the climate. The fully financed solar-as-a-service projects not only bring Ecoligo’s customers financial savings but also enable them to grow sustainably. Ecoligo implements solar energy solutions that generate economic and environmental returns. | $9.8M | Series A | Oct 17, 2022 |  |
| Evergen | Evergen we are on a mission to kill a coal fired power station in 10 countries by 2023. Our team is an amazing mix of some of the smartest, curious and most diverse people from all over the world working together to speed up the transition of the world to renewables.We have worked hard to develop some simple principles we live by. Theseprinciples are not just some words in the back of an employee handbook, they are principles we use to hold each other accountable, make hiring decisions and determine who we partner with.We have, and will continue to pass on deals, people, investors if they don't align to our values.1. Pull together, keep at it. 2. Better, faster, smarter. 3. Talk straight, listen hard. 4. Enjoy the ride.If the above don't fundamentally feel right to you, then that's cool, each to their own, but we're not sure it's going to work out between us... Product (tell us about your product)Evergen Intelligent Control optimises solar and battery system performance, enabling homeowners to take control of their energy costs and impact on the environment.Our technology also enables smarter energy by orchestrating large fleets of batteries to enable Virtual Power Plants. This ensures a resilient and decentralised energy system of the future and drives benefits for consumers, businesses, network operators and utilities.Picture this, 1000's of houses all over Australia (and eventually globally) each with their own solar and battery system all working together to supply excess power into the grid.This is real, right here, right now. Evergen is the platform that automatically does this. What we do is power Virtual Power Plants (VPP's for short).Yep, pretty cool huh. | $10.4M | Series B | Jun 22, 2022 |  |
| PV Evolution Labs | PV Evolution Labs LLC provides solar panel test and characterization services. PV Evolution Labs LLC was incorporated in 2009 and is based in San Francisco, California. | $235K | Seed | Apr 01, 2012 |  |

4 of 4 investments shown.

## Co-investors
- [FRV-X](https://shizune.co/investors/profile/frv-x) — VC Fund, 3 deals together
- [Band of Angels](https://shizune.co/investors/profile/band-of-angels) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Breakthrough Energy Ventures](https://shizune.co/investors/profile/breakthrough-energy-ventures) — VC Fund
- [Shell Ventures](https://shizune.co/investors/profile/shell-technology-ventures) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [HTGF (High-Tech Gruenderfonds)](https://shizune.co/investors/profile/high-tech-gr%C3%BCnderfonds) — VC Fund
- [HV Capital](https://shizune.co/investors/profile/holtzbrinck-ventures) — VC Fund
- [IBB Ventures](https://shizune.co/investors/profile/ibb) — VC Fund

## Featured in investor lists
- [Clean Energy VC Funds in Germany](https://shizune.co/investors/clean-energy-vc-funds-germany)

## FAQ

### What does Fotowatio Renewable Ventures invest in?

Fotowatio Renewable Ventures invests primarily in Solar, Renewable Energy and Energy startups, most often at Seed and Series A stage. Most of the 4 investments tracked by Shizune back companies in Germany. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Fotowatio Renewable Ventures's check size?

Fotowatio Renewable Ventures typically joins rounds of $9.8M–$9.8M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Fotowatio Renewable Ventures participates in.

### How do I contact Fotowatio Renewable Ventures?

Public channels for Fotowatio Renewable Ventures include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Fotowatio Renewable Ventures?

The team at Fotowatio Renewable Ventures includes Borja Guinea (COO), Daniel Sagi Vela (CEO) and Joe Kastner (Founder). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co