Shell has set up a dedicated $1.4 billion fund for Shell Ventures to invest over the next six years to further increase our support to innovative companies. The fund will support start-ups and scale-ups across the full spectrum, from seed to Series A to growth equity, that are working to accelerate the energy transition. In line with Shell’s efforts to accelerate progress against their net-zero target, the investments will be laser-focused on renewable energy, storage and utilization, mobility, transportation and logistics, circular economy, and nature-based solutions.
Geert van de Wouw, Managing Director Shell Ventures: “As a company, we have invested and supported the start-up ecosystem for decades. Our unique approach to venturing, with a focus on technology deployment, has enabled many of our portfolio companies to develop strategic relationships with Shell businesses. A win-win in my book, as Shell gets accelerated access to innovative technologies and business models, while our portfolio companies are able to achieve scale. Our dedicated investment in venturing is testament to our commitment to do more and further support visionary entrepreneurs and innovators across industries. This is especially vital to the growth we’re striving for in our Renewables & Energy Solutions business. I’m honored and humbled to play my part, and I lead a fantastic team who are up for the challenge.”