ComfortDelGro Corporation has invested €4 million (S$5.7 million) in Shift4Good, a global independent venture capital impact fund dedicated to sustainable mobility. In so doing, it becomes the fund’s first strategic investor in South East Asia and joins other industry heavyweights like Renault Group as strategic investors.
Shift4Good, which was co-founded by four investors with a background in venture capital and mobility, intends to play an active role in financing and supporting the most promising European and South East Asian start-ups with solutions aimed at decarbonising the transportation industry. ComfortDelGro will look at promising start-ups identified by the fund and make investments through the fund or separately.
The investment in Shift4Good was made through ComfortDelGro’s US$100 million venture capital fund and comes just two weeks after the Group announced a US$4 million in Ottopia, an Israeli company with teleoperation software capabilities.
Find out the full press release here