Shift4Good funding news – Paris-based Shift4Good Closes its First Fund at €220Million

Launched in 2022, the fund has already invested in 13 innovative companies originating from seven countries, spanning Europe and Southeast Asia. Following its initial close at €100 million in October 2022, the fund has demonstrated significant momentum, reaffirming the strong market demand for transformative solutions in sustainable transportation.

Building Strong Partnerships for a Sustainable Future

Despite a global contraction in venture capital activity in recent years, Shift4Good’s successful fundraising reflects the commitment of forward-thinking investors to supporting a new growth model that balances financial returns with meaningful environmental impact.

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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, Candriam and Tsao Pao Cheeʼs IMC Ventures.

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.”

Beyond financial returns, Shift4Good offers a comprehensive investor platform that fosters collaboration and value creation for its LPs. Through tailored business intelligence, privileged access to deal flow, and post-investment collaboration opportunities, the fund bridges innovative startups with its network of corporate and institutional partners to accelerate impact and drive mutual success.

Scaling the Future of Transportation

Shift4Good invests in pioneering companies that decarbonize 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 establish themselves as global champions.

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.

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 innovative insurance provider for micromobility; Singapore-based Neu Battery Materials, specializing in battery recycling and circularity; Helsinki-based Vapaus, a pioneer in corporate mobility solutions; and Paris-based Shippeo, offering real-time supply chain visibility to optimize 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.”

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.”

About Shift4Good

Shift4Good is an impact venture capital fund focused on the decarbonization of the transportation sector. It aims to invest in the transport for goods and people, which alone accounts for around 20% of global CO2 emissions.

Backed by top-notch institutional financial investors and major mobility players, Shift4Good has built a unique model to identify and support the best entrepreneurs, those capable of developing and deploying the radical innovations required by the climate emergency. Shift4Good has offices in Paris and Singapore.