# FRV-X

> FRV-X is a VC fund backing Solar, Renewable Energy and Energy. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 2
- Last investment: Oct 2022
- Lead investor: 100%
- Last updated: Aug 2026
- Website: https://frv.com/en/services/frv-x/

FRV-X is a VC fund focused on Solar and Renewable Energy. FRV-X is the innovation and venturing division of Fotowatio Renewable Ventures.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Solar | 2 | 100% |
| Renewable Energy | 2 | 100% |
| Energy | 1 | 50% |
| Battery | 1 | 50% |
| Software | 1 | 50% |

10 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 1 | 50% |
| Series B | 1 | 50% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Germany | 1 | 50% |
| Australia | 1 | 50% |

## 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 | https://www.ecoligo.com |
| 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 | http://www.evergen.com.au/ |

2 of 2 investments shown.

## Co-investors
- [Fotowatio Renewable Ventures](https://shizune.co/investors/profile/fotowatio-renewable-ventures) — VC Fund, 3 deals together

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## FAQ

### What does FRV-X invest in?

FRV-X invests primarily in Solar, Renewable Energy and Energy startups, most often at Series A and Series B stage. Most of the 2 investments tracked by Shizune back companies in Germany. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did FRV-X last invest?

The most recent investment recorded for FRV-X closed in Oct 2022. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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.

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