Shift4Good Founders
Shift4Good, a Singapore- and Paris-based impact VC fund focusing on sustainable mobility, has announced the first close of its first fund at over €100 million (US$98 million).
In a LinkedIn post, Shift4Good Fund shared the names of the investors. They include the European Investment Fund (EIF), Renault Group, French Sovereign Fund Bpifrance, MOTUL, some mobility players from MOBILIANS, renowned family offices, and successful entrepreneur-investors.
At a time when the transport of people and goods has a carbon impact of eight billion tonnes each year, Shift4Good focuses on sustainable mobility and the circular economy, with a fundraising target of €300 (US$293 million) million.
Shift4Good Fund-I will invest in approximately 30 Series A and B startups over the next five years. Of these, two-thirds will be in the European Union and one-third in the rest of the world, focusing on Southeast Asia.
The first two investments will be announced in October.
Also Read: Venture accelerator Brinc joins hands with Fusang to make startup investments more inclusive
Shift4Good was co-founded by Matthieu de Chanville, Sébastien Guillaud, Yann Marteil, and Thierry de Panafieu — four French investors with expertise in VC and mobility. It is an independent management company approved by the French Financial Markets’ Authority (AMF), with offices in Paris and Singapore.
This investment fund, classified as Sustainable Finance Disclosure Regulation (Article 9), meets the strictest sustainability criteria in the European taxonomy.
The VC firm allows entrepreneurs in the sustainable mobility sector with a growth platform that enables them to become world champions. This covers in-depth sector knowledge and financing coupled with tailor-made support leveraging its corporate investors and vast network of experts and partners, all integrated into a collaborative ecosystem, fully mobilised to answer the climate emergency.
“This closing will allow us to launch our support programmes for entrepreneurs committed to developing sustainable mobility solutions, making it possible to contribute to reversing the climate trend (knowing that almost 30 per cent of CO2 emissions in Europe come from mobility), the abundance and quality of the deal flow illustrate that there are bold and profitable solutions to offer sustainable mobility,” said Managing Partner Marteil.
—
Echelon 2022 aims to provide intimate and focused discussions on key topics and business matching services to facilitate business-driven connections during the two-day event. e27 will curate and invite key stakeholders of startups, investors, corporates, and ecosystem enablers to drive towards fruitful business outcomes at Echelon.
The 2022 Echelon edition will be co-located with SWITCH at Resorts World Sentosa from 27 to 28 October 2022. Learn more here.
The post Shift4Good fund I makes US$98M first close to invest in sustainable mobility startups appeared first on e27.