Shift4Good, a global impact investment fund based in Paris and dedicated to decarbonising the transportation sector, has successfully closed its first fund at €220 million, surpassing its fundraising target.
The fund focuses on Series A and Series B investments with ticket sizes ranging from €4 million to €20 million, targeting transformative startups across rail, road, air, and maritime sectors.
The fund’s diverse investor base includes Tier-1 corporates, institutional investors, and family offices from Europe and Asia. Notable LPs include Renault Group, BNP Paribas Group, Bpifrance, European Investment Fund (EIF), Edenred, PSA Ventures (part of the Port of Singapore Authority), ComfortDelGro, Capricorn, and Candriam.
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.”
Launched in 2022, the fund has already invested in 13 companies originating from seven countries, spanning Europe and Southeast Asia. Following its initial close at €100 million in October 2022, the fund aims to invest in the transport for goods and people, which alone accounts for around 20% of global CO2 emissions. Shift4Good has offices in Paris and Singapore.
Shift4Good looks to invest in pioneering companies that decarbonise and improve the efficiency of global transportation ecosystems with scalable, technology-driven solutions. By tackling regulatory shifts, cost pressures, and sustainability goals, these ventures are ideally positioned to capture massive value in transitioning industries and address the global climate crisis.
With 13 portfolio companies already supported, Shift4Good has invested in sectors such as fleet electrification, micromobility, battery circularity, hydrogen technologies, and AI powered energy-saving software.
Examples include London-based Laka, an insurance provider for micromobility; Singapore-based Neu Battery Materials, specialising in battery recycling and circularity; Helsinki-based Vapaus, an innovator in corporate mobility solutions; and Paris-based Shippeo, offering real-time supply chain visibility to optimise logistics and reduce emissions. The fund aims to expand its portfolio to 25-30 companies.
Adeline Lemaire, Executive Director, Head of Funds Investments at BPIfrance said “Bpifrance chose to partner with Shift4Good in recognition of the expertise and track record of the team, as well as their differentiated investment strategy which is closely aligned with Bpifrance’s overall strategic objectives of decarbonisation and re-industrialisation. By focusing on transportation, which represents approximately a quarter of global CO2 emissions, and financing sustainable and disruptive solutions, Shift4Good will participate to the transformation of the industry. The scale that the fund has achieved will allow the team to deploy efficiently their strategy and have real impact. We are delighted to have supported them from the beginning.”
Each portfolio company works with Shift4Good to develop measurable KPIs outlined in a jointly created ‘Impact Plan,’ monitored annually to ensure alignment with decarbonisation objectives.
According to Shift4Good, the fund’s portfolio companies are delivering solutions to decarbonise transportation across diverse sectors. Among them, Bound4blue is revolutionizing maritime shipping with suction sail technology that generates six to seven times more lift than conventional sails and achieves up to 30% fuel savings. Meanwhile, GCK is advancing sustainable mobility through vehicle retrofitting and the development of hydrogen and electric power solutions. Their retrofitting solutions enable vehicles to emit up to three times less CO2 compared to conventional internal combustion engine vehicles, significantly cutting emissions during both production and utilization.
Alvin Foo, Head of Technology and Sustainability Solutions at PSA Singapore (Port of Singapore Authority) & Head of PSA Ventures said:“Partnering with Shift4Good aligns seamlessly with PSA’s commitment to advancing sustainable supply chains. This collaboration supports our corporate goals of decarbonization and operational excellence while driving impactful innovation in port and supply chain ecosystems. Together, we aim to accelerate the adoption of groundbreaking solutions for a cleaner, greener future.”
A Shared Mission for a Cleaner Future Shift4Good is committed to accelerating the transition to sustainable transportation. We invite entrepreneurs, investors, and stakeholders to join us in shaping a cleaner, greener, and more resilient future. Together, we can drive meaningful change.”
Read the orginal article: https://www.eu-startups.com/2025/01/shift4goods-first-fund-closes-at-e220-million-to-drive-sustainable-transportation-solutions/
