Stichting ifund aims to sustain the long-term quality of life for all mankind by stimulating the transition to a sustainable society in which renewable energy is generated locally and people have access to organic food and clean water. ifund invests in impact-first start-ups with an investment typically ranging between €200k and €1m.

Stefan van Eijk, fund manager at Stichting ifund, says: “We believe Kitepower will be a catalyst for airborne wind energy, thereby enabling renewable energy for a completely new segment. We are excited about the years ahead and will support Kitepower in the further commercialisation of the technology throughout.”