Global impact investment fund Shift4Good has closed its first fund at €220 million (USD$230 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 in sustainable transportation across rail, road, air, and maritime sectors.
Launched in 2022, the Article 9 fund under the EU’s Sustainable Finance Disclosure Regulation has already invested in 13 companies spanning Europe and Southeast Asia in sectors such as fleet electrification, micromobility, battery circularity, hydrogen technologies and AI-powered energy-saving software.
For example, portfolio company Bound4blue has developed a suction sail technology that it said generates six-to-seven times more lift than conventional sails and achieves up to 30% fuel savings. Another, Shippeo, offers real-time supply chain visibility to optimize logistics and reduce emissions. Shift4Good aims to expand its portfolio to 25-30 companies.
“Partnering with Shift4Good aligns seamlessly with PSA’s commitment to advancing sustainable supply chains,” said Alvin Foo, Head of Technology and Sustainability Solutions at PSA Singapore (Port of Singapore Authority) & Head of PSA Ventures. “This collaboration supports our corporate goals of decarbonization and operational excellence while driving impactful innovation in port and supply chain ecosystems.”
The fund’s 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.
“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,” said Adeline Lemaire, Executive Director, Head of Funds Investments at Bpifrance. “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.”
Shift4Good said it offers a comprehensive investor platform with tailored business intelligence, privileged access to deal flow and post-investment collaboration opportunities that foster value creation for its LPs.
“This milestone reinforces the vital role of collaboration between corporates and startups in driving sustainable innovation,” said Luc Julia, Chief Scientific Officer of Renault Group. “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.”
