Shell starts $1.4-billion fund for startups


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.