Shift4Good completes its first closing over 100 million Euro to invest in sustainable mobility start-ups
Shift4Good, the first global independent venture capital fund with an environmental impact dedicated to sustainable mobility, announces the first closing of Shift4Good Fund 1 with major institutional partners and companies in the mobility sector based in Europe and Asia, including Groupe Renault, the European Investment Fund (EIF) through its new European investment program InvestEU and Bpifrance.
It also counts amongst its investors various mobility players (major suppliers or equipment manufacturers) as well as Family Offices and entrepreneurs who wish to actively participate in the success of sustainable mobility start- ups. Given that the transport of people and goods has a carbon impact of 8 billion tonnes each year, Shift4Good focuses on sustainable mobility and the circular economy, with a fundraising target of €300 million. This investment fund, classified as SFDR «Article 9», meets the strictest sustainability criteria in the European taxonomy.
Co-founded by Matthieu de Chanville, Sébastien Guillaud, Yann Marteil and Thierry de Panafieu, four French investors with a background in venture capital and mobility, Shift4Good is an independent French management company, with offices in Paris and Singapore and certified by the AMF.
Shift4Good will invest in approximately thirty start-ups over the next five years in Series A and B, two-thirds in the European Union and one-third in the rest of the world, with a focus on Southeast Asia. These investments aim to accelerate their development, enable them to become international champions and thus contribute, through their innovations, to reducing the carbon footprint of the mobility sector.
The first two investments will be announced in October.