
Triodos Investment Management
Landgoed De Reehorst Hoofdstraat 10, Driebergen-Rijsenburg, Utrecht, 3972 LA, The Netherlands
Overview
Triodos is a global pioneer of sustainable banking. Their mission is to make money work for positive social, environmental and cultural change.
- Total investments
- 20
- Lead investments
- 9
- Investments · 12mo
- 1
- Active investors
- 8
Sector focus
- Banking
Investment portfolio
- Sumthing
Led · Equity · Dec 2025
Amsterdam-based Sumthing runs an online platform where individuals and companies can fund nature-restoration projects and then follow the impact through regularly updated photos, videos and satellite images. The site currently hosts more than 30 projects worldwide, ranging from reforestation in Scotland to seagrass planting in Spain. Over the past four years, the platform has processed more than €2.5 million in donations, with €5 of every €6 given flowing directly to field projects. Sumthing’s steward-ownership structure prioritises long-term ecological impact over short-term profit, which the company highlights as a key differentiator. The new capital will be used to grow brand awareness, boost donation volumes and expand across Europe so that supporting nature restoration becomes a mainstream behavior. To strengthen its scientific rigor, the firm has appointed University of Cambridge professor Rachael Garret as Head of Science.
- ALVA Energie
Participated · Equity · Jul 2025
Founded in 2024 and based in Berlin, ALVA Energie develops landlord-to-tenant electricity and decentralised energy solutions for residential and commercial property owners and tenants. The company offers a vertically integrated 360° business model covering planning, financing, installation and ongoing operations, with options including flexible roof leases, system leases and certain supply chain operator models. Under the KARLSSONN brand it supplies tenants with on-site green electricity produced directly where they live. Since its foundation roughly 18 months ago ALVA says it has profitably grown to be a multi‑million euro revenue company and has completed over 50 projects to date. The firm aims to double the number of projects by the end of the year and reports those projects have so far saved almost 6,000 tons of CO2. ALVA plans to scale its landlord-to-tenant offerings across Germany through partnerships with private owners, larger real estate companies and investment funds.
- GridBeyond
Led · Equity · Nov 2024
GridBeyond develops hardware and software to coordinate distributed energy resources—solar, wind, batteries, hydropower—and flexible industrial and commercial loads to operate as virtual power plants. The company manages approximately 1 gigawatt of generation and storage and several gigawatts of demand-side flexibility, including a 200-megawatt battery installation in California. GridBeyond’s controllers and software are deployed across sites in Australia, Ireland, Japan, the UK, and the United States. Its platform enables rapid response and market participation, allowing batteries and flexible loads to perform grid balancing and power arbitrage. The company is using the newly raised €12 million equity to expand its portfolio of managed assets and deployments.
- Ember
Led · Debt Financing · Jun 2024
Ember launched in Scotland in 2020 as the UK’s first all-electric intercity bus operator and has expanded beyond its initial Edinburgh–Dundee route to serve Glasgow, Stirling and Kinross. The company is scaling its fleet: the purchase of 14 additional coaches will take total vehicles to 38, up from the two coaches it started with. Ember has upgraded its coaches to increase passenger spaces from 38 to 53, tripled luggage capacity, added 5G WiFi and deployed an onboard operating system, EmberOS, with real-time route information and temperature controls. To support operations and growth it is rolling out multiple new charging hubs around Scotland. Ember’s recent financing activity includes loans and government-backed support and an equity round earlier in the year, which it is using to buy coaches and expand routes. The business is positioning to provide more passenger trips weekly and to scale its network further as it deploys the new vehicles and charging infrastructure. Ember develops and operates an all-electric intercity coach network, pairing custom Yutong vehicles with proprietary fleet software (EmberOS) and charging infrastructure. The fleet currently comprises 24 buses in operation and 14 new next‑gen vehicles recently received (38 total), featuring 563 kWh batteries with ~510 km range and 600 kW charging. Ember runs a main 1,200 kW charging hub in Dundee backed by on-site wind turbines and plans to add about 4 MW of charging capacity across more Scottish sites this year. Its EmberOS automates driver/vehicle allocation, maintenance handling and passenger communications, and the company reports service levels carrying tens of thousands of passengers a week. Ember emphasizes a full-stack approach—hardware, charging, operations and software—to scale intercity electric service and plans to complete a Scottish network and begin expansion into England next year. The company has raised external capital to fund that growth, including seed and Series A rounds.
- Varthana
Led · Debt Financing · May 2024
Varthana Finance operates as an NBFC dedicated to the affordable education sector, underwriting loans that help low- and middle-fee private schools improve facilities, purchase assets, and expand capacity. The firm’s core offering is long-term, tailored financing that enables schools—especially those in peri-urban and rural areas—to invest in classrooms, technology, and critical water, sanitation, and hygiene (WASH) infrastructure. By targeting this underserved segment, Varthana aims to raise overall learning standards and attendance, with a particular emphasis on improving outcomes for girls. International impact investors have consistently backed the model for its blend of social returns and prudent lending practices. In its latest transaction, the company secured about USD 16.5 million in debt, underscoring healthy lender confidence and giving Varthana fresh capacity to grow its loan book. Management believes the added capital will translate into safer, healthier learning environments and support millions of students nationwide. Although the company keeps its operating metrics private, the scale of its recent raise indicates continued momentum in both reach and balance-sheet strength.