General – Shell
Yesterday Shell CEO Ben van Beurden announced that Shell will be increasing its support to the start-up ecosystem and has set up a dedicated $1.4 billion fund for ShellVentures to invest over the coming six years.
This dedicated investment in venturing is testament to our commitment to do more and I can’t wait to further increase our support to visionary entrepreneurs and companies that are working tirelessly to accelerate the energy transition.
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 our net-zero target, our investments will be laser-focused on renewable energy, storage and utilization, mobility, transportation and logistics, circular economy, and nature-based solutions.
As a company, Shell has invested and supported the start-up ecosystem for decades. This unique approach to venturing, with a focus on technology deployment, has enabled many of Shell’s portfolio companies to develop strategic relationships with Shell businesses. A win-win, as Shell gets accelerated access to innovative technologies and business models, while Shell’s portfolio companies are able to achieve scale.
