Shift4good Secures €220m to Accelerate Sustainable Transportation Revolution

By Abbas Nazil
Shift4Good, a global impact venture capital fund dedicated to decarbonizing transportation, has successfully closed its first fund at €220 million, surpassing its initial target.
This makes it one of the largest VC funds in sustainable mobility, significantly exceeding the €115M average for cleantech European VC funds from 2020 to 2024.
Despite global venture capital contractions, the fund has drawn strong investor interest from major corporates, institutional investors, and family offices, including Renault Group, BNP Paribas Group, and the European Investment Fund.
Launched in 2022 with a focus on accelerating innovation in clean mobility, Shift4Good has already invested in 13 pioneering companies across seven countries in Europe and Southeast Asia.
The fund has grown rapidly since its initial close at €100 million in October 2022, reflecting the increasing demand for solutions addressing transportation-related carbon emissions.
It aims to support 25-30 startups tackling sustainability challenges in rail, road, air, and maritime sectors, with investment ticket sizes ranging from €4 million to €20 million.
Shift4Good’s investor base is composed of Tier-1 corporate players, institutional investors, and financial backers across Europe and Asia.
Notable investors include Renault Group, BNP Paribas Group, Bpifrance, the European Investment Fund, PSA Ventures, ComfortDelGro, Capricorn, and Candriam.
The fund’s ability to attract such high-profile partners highlights growing confidence in the potential of impact-driven investments to deliver both financial returns and meaningful environmental benefits.
The fund has prioritized investments in companies working on fleet electrification, micromobility, battery circularity, hydrogen technologies, and AI-driven energy-saving software.
Among its portfolio companies, London-based Laka provides innovative insurance solutions for micromobility, while Singapore-based Neu Battery Materials focuses on battery recycling and circularity.
Helsinki-based Vapaus is advancing corporate mobility solutions, and Paris-based Shippeo offers real-time supply chain visibility to optimize logistics and reduce emissions.
Renault Group’s Chief Scientific Officer, Luc Julia, emphasized the importance of collaboration between startups and established corporations in accelerating sustainable transportation.
He highlighted Shift4Good’s role in connecting entrepreneurs with industry leaders to drive innovation in clean mobility, reinforcing Renault’s commitment to decarbonization.
Beyond providing capital, Shift4Good offers a comprehensive investor platform that enhances collaboration and value creation.
Investors benefit from business intelligence, privileged access to deal flow, and post-investment opportunities to engage with portfolio companies.
This model fosters long-term partnerships that drive both financial success and measurable impact in the transition toward sustainable transportation.
The fund adheres to the highest standards of sustainable investing as an Article 9 fund under the EU’s Sustainable Finance Disclosure Regulation (SFDR).
Each portfolio company develops an “Impact Plan” with measurable key performance indicators (KPIs) to ensure alignment with decarbonization goals.
Shift4Good actively monitors these KPIs to ensure its investments contribute meaningfully to emissions reduction in transportation.
Some of the groundbreaking solutions supported by the fund include Bound4blue’s suction sail technology, which enables maritime vessels to achieve up to 30 percent fuel savings by generating significantly greater lift than conventional sails.
GCK, another portfolio company, is advancing sustainable mobility through vehicle retrofitting and the development of hydrogen and electric power solutions, reducing CO2 emissions by up to three times compared to traditional combustion engine vehicles.
Bpifrance’s Executive Director, Adeline Lemaire, emphasized Shift4Good’s strategic alignment with France’s broader decarbonization and re-industrialization objectives.
She noted that transportation contributes approximately 25% of global CO2 emissions, making investment in sustainable mobility critical to addressing climate change.
The fund’s scale and investment approach position it to play a key role in transforming the transportation industry.
PSA Singapore, through its investment arm PSA Ventures, has also joined Shift4Good, aligning its goals with sustainable supply chain innovation.
Alvin Foo, Head of Technology and Sustainability Solutions at PSA Singapore, stated that the collaboration supports the company’s mission to accelerate the adoption of clean mobility solutions in ports and logistics ecosystems.
Shift4Good’s long-term mission is to accelerate the transition to sustainable transportation by backing high-impact ventures capable of revolutionizing mobility.
With growing regulatory shifts, cost pressures, and sustainability targets reshaping industries, the fund positions its portfolio companies to lead in decarbonization while capturing significant market value.
As a fund uniquely dedicated to sustainable transportation, Shift4Good represents a vital bridge between entrepreneurs and industry leaders, ensuring innovative solutions are developed and deployed at scale.
The successful closing of its first fund at €220 million underscores the increasing recognition of impact investing as a key driver of both environmental progress and financial returns.
Shift4Good invites investors, entrepreneurs, and stakeholders to join in shaping a cleaner, greener, and more resilient future for global transportation. END
Source: www.Shift4Good.com