Shift4Good closes €220 million fund for sustainable transportation
Comments Off on Shift4Good closes €220 million fund for sustainable transportationSource: Zag Daily
The global impact investment fund has successfully closed its first fund at €220 million, marking one of the largest venture capital (VC) funds globally dedicated entirely to sustainable transportation.
The fund has attracted a diverse range of investors, including Tier-1 corporates, institutional investors, and family offices from Europe and Asia. Notable limited partners (LPs) include Renault Group, BNP Paribas Group, Bpifrance, the European Investment Fund (EIF), and Capricorn.
A major step for sustainable mobility investment
Speaking to Zag Daily, Shift4Good Co-founder and Managing Partner Yann Marteil emphasized the growing significance of sustainable transportation within the venture capital landscape.
“My main message is that sustainable transportation is a valid topic for a VC in 2025,” Yann Marteil, Co-founder and Managing Partner of Shift4Good told Zag Daily. “This is because it is at the center of innovation, tech – which is software, hardware or services – and there is a strong need for the planet, backed by regulation and demand from corporates and citizens.”
The €220 million raised significantly exceeds the €115 million average for first-time cleantech VC funds in Europe (2020-2024). Shift4Good is also one of just four first-time clean-tech-focused VC funds in Europe to surpass €170 million during this period.
“We are the largest fund dedicated to impact and sustainable transportation, and the demand is enormous,” Marteil added. “This is quite a surprise for us because we have a tremendous quantity and quality of deal flow in all Europe, but also the rest of the world, and the requests that we’re getting from the large corporations to adopt this solution and to get insight about what we see, well the demand is enormous. So I think there is a strong, strong, strong current pushing us and this is why we’ve been able to raise €220 million when no one is raising so far.”
Current investments and future targets
Since opening in 2022, Shift4Good has already invested in 13 companies specialising in sustainable transport solutions. These include:
- Laka (London, UK) – A leading insurance provider for micromobility.
- Vapaus (Helsinki, Finland) – A pioneer in corporate mobility solutions.
- Shippeo (Paris, France) – A company providing real-time supply chain visibility to optimise logistics and reduce emissions.
With its newly expanded capital, Shift4Good plans to support 10-15 additional startups across Europe, the UK, and Southeast Asia, targeting Series A and Series B investments with funding amounts between €4 million and €20 million per company.
The fund is particularly focused on circular economy solutions, AI-driven energy management (batteries, grid management, etc.), innovative low-emission materials, maritime transportation, and autonomous vehicles.
“The topics that we’re looking at are circularity – we are already considering one investment in circularity in the coming weeks – AI in energy such as battery, grid management, etc, innovative materials to save on emissions at the production stage, and everything in maritime. We did three investments in maritime, but there is a huge opportunity in that sector. Finally, we are looking back at autonomous vehicles.” Marteil stated.
Beyond investment: A strategic growth platform
Beyond financial support, Shift4Good provides startups with a comprehensive investor platform, offering:
- Tailored business intelligence
- Access to extensive deal flow
- Post-investment collaboration opportunities
- By bridging innovative mobility startups with major corporate and institutional partners, the fund aims to drive both financial returns and lasting environmental impact.
Navigating the economic climate
Despite economic uncertainties in Europe, Shift4Good remains optimistic about the market outlook. With a strong financial foundation and a clear vision, Shift4Good is poised to accelerate the future of sustainable transportation, fostering innovation, corporate partnerships, and long-term environmental impact.
Shift4Good’s official announcement about closing one of the largest VC funds can be accessed here.