Uplift Ventures, a company founded and backed by German intralogistics multinational Jungheinrich, announced the launch of its first 100 million euro venture capital fund to invest in the next generation of deep technology companies in Europe. The fund will operate independently and will focus on early-stage financing of startups and selected venture capital funds in Europe, the United States and Asia, targeting the sectors of Physical Artificial Intelligence, Energy, Enterprise AI and Logistics, strategic areas aligned with the German group's innovation plan.
Jungheinrich's Chief Executive Officer, Lars Brzoska, highlighted that Deep Tech requires capital with a long-term perspective and partners who understand both industrial challenges and business ambition. This launch is part of the group's Strategy 2030+, aimed at expanding the portfolio through new business models and technological partnerships.
To lead the new investment structure, Uplift Ventures hired Christian Noske as General Partner. Noske has more than ten years of experience in the venture capital sector and technology investments at an international level, having previously led participations at NGP Capital and been a founding partner of BMW i Ventures and Alliance Ventures, the Renault-Nissan-Mitsubishi consortium.
Jungheinrich AG, based in Germany, is one of the global leaders in the load handling, storage and material flow market, with more than 21,000 employees worldwide through 43 subsidiaries and 12 production units. In Portugal, the company has been operating for 28 years and employs more than 100 workers at its facilities in Mem Martins, Sintra, and Maia.
