Vroom! French VC raises €220m to electrify transport sector – starts search for 12 new impact startups
27 jan. 2025
11:32
Amid a Europe-wide decline in venture capital (VC) funding, this French-Singaporean VC firm Shift4Good has secured a record fundraising amount. The team is dedicated to decarbonising the transportation sector (and, it seems, wearing very nice, white shirts!).
Paris- and Singapore-based investment fund Shift4Good has raised €220m ($230m) to go towards what it calls "transformative startups" working across the transport sector.
Founded in 2022 and targeting mostly Series A and Series B rounds, the fund has already invested in startups working on fleet electrification, battery technologies and hydrogen.