- Through its innovation and entrepreneurship investment program, INNDIGO, ISA will invest in advanced-stage technology-based startups to co-create and develop solutions for the energy transition.
- The investment program promotes, in two ways, the transfer of knowledge and experience, the development of capabilities, and the generation of connections with the most relevant technological development ecosystems (energytech) in the world in the energy sector.
ISA, the energy transmission company with the largest presence in Latin America, launches INNDIGO, a strategic investment program in innovation and entrepreneurship with a capital of USD 130 million by 2030. The initiative analyzes technology-based ventures or startups, from anywhere in the world, which are at an advanced stage (series B and up) and that contribute tangibly to the acceleration of the energy transition.
The program has two focuses in its investment thesis: 1) to enhance the efficiency and competitiveness of energy transmission, based on solutions in the electrical grids of the future (flexible, reliable, resilient and secure); and 2) to participate in new energy businesses such as distributed energy solutions, large-scale storage, among others.
“With INNDIGO, we are responding to our goal of leading the energy transition by leveraging the knowledge and speed of entrepreneurship to accelerate the implementation of innovation in the energy sector on a global scale. “With an investment of USD 130 million, this program has become one of the most relevant commitments of Corporate Venture Capital (CVC) in the region,” said Jorge Andrés Carrillo, ISA’s CEO.
Among the benefits of the program are access to smart capital, connection with the LATAM market, creation of strategic alliances, access to capabilities and experience for business growth, scaling of technologies with ISA companies, and connection with the energytech investment market, among others.
“The characteristics of scale and speed required in the energy transition to achieve greenhouse gas neutrality by 2050 demand innovative solutions to manage an increasingly complex energy transmission system and take advantage of the opportunities that this transition will bring to leaders. We are convinced that INNDIGO places us in a relevant position in our markets of interest and allows us to enhance ISA’s strategic objectives,” said Amanda Coutinho, Leader of Inndigo.
The creation of INNDIGO was supported by Wayra, the open innovation department and corporate fund of the Telefónica Movistar Group, which has 15 years of experience in technical consultancy services specialized in Corporate Venture Capital (CVC as a Service).