Luxembourg Future Fund 2 Partners with Shift4Good to Drive Transport Decarbonization

Luxembourg Future Fund 2 Partners with Shift4Good to Drive Transport Decarbonization

(IN BRIEF) The Luxembourg Future Fund 2 (LFF2), a €200 million joint initiative by SNCI and the EIF, has invested in Shift4Good, a venture capital fund dedicated to decarbonizing the transport sector. Shift4Good, an Article 9 impact fund under the EU SFDR, focuses on sustainable transport solutions such as fleet electrification, hydrogen technologies, and AI-driven energy-saving software. With 13 portfolio companies, it targets ventures in Europe and Southeast Asia. The partnership aligns with LFF2’s goals of fostering innovation, sustainability, and economic diversification in Luxembourg, further positioning the country as a hub for sustainable mobility.

(PRESS RELEASE) LUXEMBOURG, 19-Dec-2024 — /EuropaWire/ — The Luxembourg Future Fund 2 (LFF2), a €200 million joint initiative between the Société Nationale de Crédit et d’Investissement (SNCI) and the European Investment Fund (EIF), has announced a strategic investment in Shift4Good, a venture capital fund dedicated to decarbonising the transport industry. This collaboration underscores LFF2’s mission to support innovative and sustainable projects with a significant environmental impact.

Shift4Good stands among the largest venture capital funds globally focused exclusively on sustainable transport solutions. Operating as an Article 9 impact fund under the EU Sustainable Finance Disclosure Regulation (SFDR), it is committed to 100% sustainable investments. With 13 portfolio companies already supported, Shift4Good targets ventures in fleet electrification, micro-mobility, hydrogen technologies, innovative materials, and AI-powered energy-saving solutions, primarily across Europe and Southeast Asia.

A Shared Vision for Sustainable Mobility

“It’s a significant milestone for us to welcome LFF2 as an investor,” said Julien Baumont, Partner at Shift4Good. “We’re eager to collaborate with SNCI and the broader Luxembourg ecosystem to establish the country as a leading hub for sustainable mobility in Europe.”

The partnership aligns with LFF2’s strategic goals to diversify and sustainably develop Luxembourg’s economy. Eva Kremer, CEO of SNCI, emphasized the fund’s potential impact: “Shift4Good provides a robust platform to drive the transformation of the transport sector, a critical step in achieving decarbonisation. This collaboration reinforces our commitment to sustainability and innovation in Luxembourg.”

Building a Greener Future

Marjut Falkstedt, Chief Executive of the EIF, highlighted the broader implications of the partnership: “Supporting Shift4Good through the Luxembourg Future Fund 2 aligns seamlessly with our mission to promote innovation and sustainability across Europe. This investment not only accelerates the decarbonisation of transport but also delivers positive economic spillovers for Luxembourg, reinforcing our vision for a greener future.”

About Luxembourg Future Fund 2

Launched in 2023, LFF2 builds on the successful collaboration between SNCI and EIF, with €200 million in total financing commitments—€160 million from SNCI and €40 million from EIF. The fund focuses on supporting innovative projects that drive diversification and sustainable growth within Luxembourg’s economy.

This latest investment in Shift4Good strengthens LFF2’s position as a key enabler of transformative innovation, setting a benchmark for sustainable investment in the transport sector.

Background information

About Shift4Good

Shift4Good is an impact venture capital fund focused on decarbonising the transport sector. It aims to invest in transporting goods and people, which alone accounts for around 20% of global CO2 emissions. Backed by top-notch institutional financial investors and major mobility players, Shift4Good has built a unique model to identify and support the best entrepreneurs, those capable of developing and deploying the radical innovations required by the climate emergency. Shift4Good has offices in Paris and Singapore. For more information, visit www.shift4good.com

About SNCI

The Société nationale de crédit et d’investissement (SNCI) is a public banking institution that specialises in medium and long-term financing for Luxembourg-based companies. It supports businesses at every stage of their development through loans to partially cover the financing of their startup, expansion, transfer or innovation plans. SNCI also acquires and manages holdings in companies and investment funds that are strategically important for the development and diversification of Luxembourg’s economy. For more information, visit www.snci.lu.

About the EIF

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments, which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment. For more information, please visit www.eif.org.

Media Contacts:

EIF: Sabine Parisse, s.parisse@eib.org, tel : +352 4379-83340

SNCI: communications@snci.lu , tel: +352 46 19 71 1

SOURCE: European Investment Fund