Shell starts $1.4-billion fund for startups
Netherlands
THE HAGUE, November 4, 2021 – Shell has invested USD 1.4 billion to support a start-up ecosystem to accelerate the energy transition, the company announced today on LinkedIn.
The six-year fund will support startups from seed companies to growth equity entities and is in line with Shell’s commitment to reach net-zero emissions by 2050.
“Our investments will be laser-focused on renewable energy, storage and utilisation, mobility, transportation and logistics, circular economy and nature-based solutions,” said Geert van de Wouw, managing director of Shell Ventures.
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