Shift4Good Raises €220m for Transport Decarbonisation

• The venture capital fund plays a larger role in the transition to cleaner transportation by investing in startups focusing on sustainable mobility solutions.
• The aim is to reduce carbon dioxide (CO2) emissions in maritime shipping, electric vehicles, and supply chain logistics.

Shift4Good, a venture capital fund manager, has raised €220 million to decarbonise transport.

This made the company surpass its ambitious target, making it one of the largest funds secured for sustainable transportation. The proceeds will go to companies working to reduce carbon emissions in global transportation systems.

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The amount raised is huge, as it is much larger than the average European cleantech fund, which raised around €115 million from 2020 to 2024. It is also one of only four first-time cleantech funds in Europe to surpass €170M during this period.

So far, the fund has invested in 13 companies across seven countries in Europe and Southeast Asia, covering several transportation sectors such as hydrogen technologies, electric vehicles, and micro-mobility solutions like e-scooters. It has also attracted larger corporations such as Renault and BNP Paribas, institutional investors and family offices.

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Luc Julia, Chief Scientific Officer of Renault Group, said: “Renault Group is thrilled to celebrate the successful final closing of Shift4Good’s first fund. This milestone reinforces the vital role of collaboration between corporates and startups in driving sustainable innovation.

"By connecting bold entrepreneurs with industry leaders, Shift4Good exemplifies the power of impact-driven investment to create meaningful solutions to the climate challenge, aligning perfectly with Renault Group’s commitment to decarbonization and the advancement of clean mobility.”

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Shift4Good connects startups with its corporate partners to amplify their impact. To this end, the company invests in early-stage companies (Series A and B) with outlays typically between €4 million and €20 million.

The fund adheres to EU standards for sustainable investing, measuring the environmental impact of all investments and also monitoring the performance of its portfolio companies against carbon reduction goals.

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Source: Shift4Good