Search
Close this search box.

Shift4Good closes one of largest VC funds for sustainable transport 

Share this article

Global impact investment fund Shift4Good has successfully closed its first fund at €220 million – one of the largest venture capital funds globally that is focused entirely on sustainable transportation.

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) and Capricorn. 

“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 fund significantly exceeds the €115 million average for first-time cleantech European VC funds (2020-2024) and is one of just four first-time, clean-tech-focused funds in Europe to surpass €170 million during this period. 

“We are the largest fund dedicated to that cause but probably one of the only ones specialising in impact and sustainable transportation,” said Yann. 

“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.”

Shift4Good opened the fund in 2022 and has already invested in 13 companies including London-based Laka, an insurance provider for micromobility; Helsinki-based Vapaus, a pioneer in corporate mobility solutions; and Paris-based Shippeo which offers real-time supply chain visibility to optimise logistics and reduce emissions. 

Scaling the future of transportation 

With the growth in the fund, Shift4Good is now looking for around 10-15 more startups in Europe, the UK and Southeast Asia. 

The company is targeting Series A and Series B investments with ticket sizes ranging from €4 million to €20 million. 

“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.” 

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

Zag’s Editor asked Yann what he thought of the current economic situation in Europe. “It is obviously not great but this is not a problem for us for two reasons. One, we are not solely in Europe. I can tell you that in Southeast Asia, India and Australia the economic situation is much better. And second, in many of the topics we’re covering, they are not impacted by that situation. Circularity is booming, charging is booming, particularly in Eastern Europe, bikes for employees are booming etc. So the backbone of our fund is very strong.” 

Share this article

Photography by