EV Private Equity
Private equityStavanger · Seed–Growth · 15 people tracked
Investment thesis
EV Private Equity concentrates on driving decarbonisation across the energy sector by scaling energy technology companies that target emissions reduction. The firm emphasises responsible investment practices, aiming to generate returns while building businesses with state-of-the-art ESG standards. Drawing on more than two decades of experience, over 320 combined years of expertise, and 30-plus high-profile exits, the team positions itself as energy specialists with an established track record and network. The firm champions sustainable investment and continually refines its approach to strengthen its role as an investor focused on positive environmental impact within the energy transition.
Source: firm website, verified Aug 3, 2026.
Team · 15 people
from the firm's website & public directoriesWhat they invest in
from 24 of 73 portfolio companiesEnergy ×20Hardware ×14Advanced Manufacturing ×6Cleantech ×6Deep Tech ×4AI & Machine Learning ×3Climate Tech ×3Data & Infrastructure ×3
HQs:United States×6United Kingdom×3Norway×3
Investments · 73 tracked
founders shown can be your intro pathRotary steerable technology to improve efficiency of drilling unconventional wells; sold in 2014.
3LC builds interactive, visual, human-in-the-loop tools for data-centric AI, letting data scientists inspect, edit, and re-train on individual training samples to improve model accuracy.
AI & Machine LearningData & InfrastructureDeveloper ToolsOslo, NO
Paul Endresen(CEO & CTO)Marius Storm-Olsen(COO)Thomas Hagen(EMEA Chief Architect)Per Arne Jensen(Executive Chair)
Environmentally sound oil and gas well abandonment services and technologies.
Provides environmentally sound oil and gas well abandonment services and technologies.
International consultancy providing asset management solutions and services across energy, utilities, manufacturing and maritime industries.
Advanced production and loading systems for mooring and fluid transfer; sold in 2005.
Aquaterra Energy provides offshore engineering solutions for the oil, gas and energy sector, including riser-based well access systems, subsea infrastructure, offshore platforms, and data-driven well lifecycle analysis for drilling, intervention and abandonment.
Climate TechEnergyHardwareNorwich, GB
Geophysical service company using airborne/marine gravity gradiometry surveys.
Bluware develops cloud- and AI-based software for accessing subsurface data and running geoscience data and interpretation workflows, serving geoscientists and companies in the upstream oil, gas, and energy sector.
AI & Machine LearningCloud ComputingData & InfrastructureEnergySaaS
Herman Nieuwoudt(President)
Production boosting and separation technology using high-pressure sources; sold in 2008.
Molecular diagnostics company offering clinical PCR systems using automation and microfluidics; acquired by QIAGEN in September 2020.
BiotechHealthtechAlbuquerque, US
Thomas Duensing(Executive Officer)Dennis Hynson(Executive Officer)Jack T. Ball(Director)J. Michael Schafer(Director)Janette Phi(Executive Officer)Bo E.H. Saxberg(Director)
Cereus Ultrasonics develops ultra-wideband active/passive sonar systems and high-power analogue components for interfacing piezo-electric transducers to power amplifiers in fluidic and high-pressure gas mediums.
Deep TechEnergyHardware
Energy-efficient solids removal solution for drilling fluid operations; sold to Triton in 2014.
Proprietary technology adding value in well construction, completion and casing recovery.
Deep Casing Tools develops downhole tools and technologies for oil and gas well construction, completion, and casing recovery, including its TurboCaser, TurboRunner, and Rubblizer products.
CleantechEnergyHardware
Fully composite flexible riser for dynamic deepwater oil and gas production.
Next-generation high-efficiency electrical motors using permanent magnet technology; sold to FMC Technology in 2009.
Develops, builds and operates self-erecting tender assist drilling rigs.
Hunting Subsea Technologies provides subsea equipment and services for the global offshore oil and gas industry, including chemical injection metering valves, hydraulic couplings, production and drilling control valves, subsea tieback and production hardware, intervention and decommissioning services, and production riser (SURF) technology.
Advanced ManufacturingEnergyHardware
Enables the subsurface internet via proprietary communications hardware and software.
ShopBakerHughes is an online catalog and marketplace where customers can buy or rent oilfield downhole tools, surface equipment, and other industrial technologies.
B2B MarketplacesEnergyHardware
Seismic software company using AI to enhance seismic interpretation.
Distributed acoustic sensing combining photonics and computing; sold to BP in 2019.
Specialist services for post-wellhead high pressure removal of hazardous well bore solids.
Geoteric develops software for subsurface seismic interpretation and geological analysis, offering AI-driven tools for fault and horizon interpretation, image processing, and geobody delineation.
AI & Machine LearningDeep TechEnergySaaSStavanger, NO
Mitch(CEO)Olav Salte Hovstad(CFO)
In-line inspection services for energy and utility markets using ultra-wideband acoustic technology; sold to Eddify NDT in Feb 2020.
EnergyHouston, US
Amos Nur(Director)Barry Stewart(Executive Officer)Henrique Tono(Director)George McCormick(Director)Gary Jones(Director)Marcus Ganz(Executive Officer, Director)
Ingrain analyzes complex rock types using high-resolution CT scanning to characterize reservoirs and identify high-potential "sweet spots" for oil and gas clients.
Deep TechEnergy
Through-bore method for mud pulse/pressure pulse communication from MWD/LWD to surface; sold to Halliburton in 2013.
Downhole isolation products using patented Metalmorphology metal-to-metal seal technology; sold to Schlumberger in 2016.
Norway's largest manufacturer of sensor instruments for temperature and pressure monitoring; sold in 2013.
Vertice Oil Tools develops downhole completion equipment, including refrac liner tools, for fracturing and refracturing oil and gas wells.
Advanced ManufacturingEnergyHardware
Motive Offshore Group designs, builds, and rents marine and subsea equipment such as traction winches, hydraulic power units, tensioners, and spooling systems for the energy industry, including offshore wind and oil and gas projects.
Advanced ManufacturingCleantechEnergyHardwareAberdeenshire, GB
Broadband multi-transient electromagnetic surveying services; sold to Petroleum Geo-Services ASA in 2007.
Leading environmental software solutions provider for the energy industry; sold to Vela Software in 2018.
Repair, maintenance, plug and abandonment, decommissioning and rig mooring services for the oil and gas industry; sold in 2011.
Advanced downhole directional drilling and formation evaluation system; sold in 2010.
Operational risk management software for HSE and contract management; sold in 2010.
Fuel switching technology enabling natural gas use instead of diesel to reduce GHG emissions.
Manufacturer of nano-structured ceramic proppants for well fracking.
Acoustic sensor delivering geophysical solutions to geotechnical problems; sold in 2018.
Enhances artificial lift capabilities via wet gas compression technology.
Downhole well assurance services focused on integrity, leak detection and flow profiling; sold in 2016.
Real-time video streaming services for secure enterprise and critical operations.
Remote open and close valve technology for intervention and completion; sold to Halliburton in 2012.
Provides drilling and thru-tubing tools for drilling and completing oil and gas wells.
Patented technology for efficient removal of metal cuttings during drilling and decontamination of drilling fluids.
Products and sensors for completion and optimisation of oil and gas wells; sold to Madison Industries in 2018.
Sagerider provides monitoring and sampling solutions for carbon capture and storage (CCS) operations, covering CO2 injection wells, above confining zone, in-zone, and underground source drinking water monitoring.
CleantechClimate TechHardware
Four-component seabed seismic surveys using proprietary autonomous nodes; sold in 2006.
Supplier of intelligent rigs and tubular handling systems to oil and gas; sold to TTS Marine ASA in 2007.
Supplier of e-field technologies for oil and gas; sold to Kongsberg Maritime in 2006.
Frequently asked questions
- What stage does EV Private Equity invest at?
- EV Private Equity invests at the Seed, Growth stages.
- What is EV Private Equity's typical check size?
- EV Private Equity typically writes checks of $5M – $30M.
- What sectors does EV Private Equity focus on?
- EV Private Equity focuses on Cleantech, Climate Tech, Deep Tech, Energy.
- Where is EV Private Equity located?
- EV Private Equity is headquartered in Stavanger, NO.
Co-investors · 2
Breakthrough Energy is a global platform founded to accelerate clean energy innovation and build climate-focused industries, supporting innovators developing affordable, reliable, clean energy technologies.
Prelude Ventures is a venture capital firm that invests in and supports early-stage startups with the potential to mitigate climate change.
Firms observed investing alongside EV Private Equity, from public investor directories. Shared companies are the overlap with EV Private Equity's recorded portfolio.
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