About ForVEI
ForVEI is an Energy & Utilities company based in Milano (Italy) founded in 2011, and was acquired by ERG in November 2017. Solar power infrastructure project investor and operator. ForVEI has raised $22.2 million across 2 funding rounds from investors including Quercus Real Assets, ERG and CDC Infrastructure. Its focus areas include Energy, Solar Energy, Independent Power Producer and Utility. Its competitors include Enel Green Power, EF Solare Italia and ICQ Holding; 1 of its 3 listed competitors has raised funding.
Company details
ForVEI was established in 2011 as a joint venture involving Foresight Solar VCT, Adenium Solar Energy, CDC Infrastructure, Quercus Renewable Energy, and VEI Green. Renewable energy assets are acquired in Europe, with operations focused on the solar sector. A portfolio of solar power plants in Italy is maintained, reaching a capacity of 90MW. The company is based in Milano, Italy, supporting infrastructure investments in the region.
- Headquarters Milano, Italy
- Stage Acquired
- SectorsEnergy & Utilities
- Website forvei.com
- Acquired by ERG (Nov 2017)
- Total Equity Funding$22.2M (USD)
in 2 rounds
- Latest Funding Round$11.06M (USD), Private Equity Round
Jul 2012
- InvestorsQuercus Real Assets
& 2 more
- Acquired byERG
(Nov 2017)
Funding Insights of ForVEI
ForVEI has successfully raised a total of $22.2M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $11.06 million completed in July 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $22.2M
- Total Rounds 2
- Last Round Private Equity Round — $11.06M
- First Round $11.14M
(Jun 2011)
- Investors Count 2
All 2 funding rounds of ForVEI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2012 | $11.06M | Private Equity Round | – | – | |
| Jun 2011 | $11.14M | Private Equity Round | – | – |
3 investors in total: 3 institutional.
Investors in ForVEI
ForVEI has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Quercus Real Assets, ERG and CDC Infrastructure.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
An infrastructure investment firm specializing in transportation and energy sectors. | 2009 | cdcinfrastructure.com | Paris, France | |
Diversified investment management in real assets is provided. | 2010 | quercusrealassets.com | London, United Kingdom | |
Independent power from renewable sources is produced by ERG. | 1938 | erg.eu | Genoa, Italy |
Investor details for ForVEI
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- Complete investor list
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Timeline of ForVEI
4 dated milestones of ForVEI across 6 years, from founding to its latest funding, stage changes and deals.
- Founded ForVEI is founded.
- Funding First funding round of $11.1M.
- Funding Latest funding round, Private Equity Round, of $11.1M.
- Exit Acquired by ERG.
Competitors of ForVEI
ForVEI has 3 listed competitors in our database, 1 of them funded. They include Enel Green Power, EF Solare Italia and ICQ Holding.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| enelgreenpower.com | 2008 | Rome, Italy | 628 | Operator of hydro, geothermal, wind, solar, and biogas power plants | ||
| efsolareitalia.com | 2015 | Rome, Italy | Solar power plants are developed and operated across Italian regions. | |||
| icqholdingspa.com | 1982 | Rome, Italy | $23.19M | Turnkey solutions for renewable energy projects are provided. |
Detailed competitors of ForVEI
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Related news about Forvei
Complete news archive for ForVEI
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Frequently Asked Questions about ForVEI
ForVEI was founded in 2011.
ForVEI is headquartered in Milano, Italy.
ForVEI is a funded company, having raised a total of $22.2M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $11.14M, raised on Jun 2011.
ForVEI was established in 2011 as a joint venture involving Foresight Solar VCT, Adenium Solar Energy, CDC Infrastructure, Quercus Renewable Energy, and VEI Green. Renewable energy assets are acquired in Europe, with operations focused on the solar sector. A portfolio of solar power plants in Italy is maintained, reaching a capacity of 90MW. The company is based in Milano, Italy, supporting infrastructure investments in the region.
ForVEI's top competitors include Enel Green Power, EF Solare Italia and ICQ Holding.
ForVEI has 3 investors. Key investors include Quercus Real Assets, ERG, and CDC Infrastructure.
Yes. ForVEI was acquired by ERG in November 2017.