MKB Launches $150 Million Fund Focused on Accelerating the Energy Transition

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MKB is pleased to announce the first close of its second specialized fund, the MKB Partners Fund II, LP (“Fund II”). The $150 million fund will invest in late-venture and early growth-stage companies focused on the decarbonization and electrification of energy and transportation. Fund II will partner with outstanding management teams using technology and business model innovations to accelerate the energy transition. Fund II closed on commitments of $100 million and is pleased to welcome both returning and new investors. The investor syndicate was led by the Business Development Bank of Canada (BDC), Caisse de dépôt et placement du Québec (CDPQ) and Investissement Québec (IQ). Fonds de solidarité FTQ, Fondaction and Vancity as well as a group of prominent family offices and accredited investors have also invested. false false false Fund II has already closed two investments that are poised to drive transformational change in the electrification landscape. AddEnergie is a leading North American charging network operator for electric vehicles and a major provider of smart charging software and equipment for whom MKB structured and led its $53 million Series C financing. Fund II also invested in a Series B US$35 million financing in Ample, an innovative smart modular battery and automotive technology company focused on accelerating electrification of fleets for ride hailing and depot customers. false false false About MKB MKB is a Montreal-based private investment firm that specializes in providing growth equity to the next generation energy and transportation sectors. MKB takes significant minority positions in its portfolio companies and proactively assists management teams in reaching their full potential. To learn more about MKB, visit www.mkbandco.com