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LFF 2 invests in Shift4Good, a VC fund focused on decarbonising transport

The Luxembourg Future Fund 2 (LFF2) a €200M initiative between Société Nationale de Crédit et d’Investissement (SNCI) and the European Investment Fund (EIF) takes a stake in Shift4Good, an independent venture capital (VC) fund backing projects decarbonising the transport industry. Shift4Good’s mission aligns with LFF 2's strategic objective to invest in innovative and sustainable opportunities that promotes positive environmental impact. Shift4Good ranks among the largest VC funds worldwide focused exclusively on the decarbonization of the transport sector.

Luxembourg, 18^th December 2024 — The Luxembourg Future Fund 2, a joint initiative between the EIF and SNCI, Luxembourg’s development bank, announces an investment into Shift4Good, a VC fund focused on decarbonising the transport industry.

Shift4Good is an Article 9 impact fund under the EU Sustainable Finance Disclosure Regulation (SFDR), committed to making 100% sustainable investments, with a primary focus on Europe and Southeast Asia. With 13 portfolio companies already supported, the fund invests from seed to Series B in sustainable transport sectors such as fleet electrification, micro mobility, innovative materials, hydrogen technologies, and AI-driven energy-saving software.

“It is a remarkable achievement for us to welcome LFF2 into our fund. We look forward to working with SNCI and the entire Luxembourg ecosystem to position the country as a leading hub for sustainable mobility in Europe” commented Julien Baumont, Partner at Shift4Good.

"Our aim is to promote the sustainable development and diversification of Luxembourg’s economy. Shift4Good will, as an impact fund, offer solid foundations to support the shift to decarbonising the transport sector, which is facing its biggest transformation in history." said Eva Kremer, CEO of SNCI.

"Supporting Shift4Good through the Luxembourg Future Fund 2 aligns perfectly with our mission to foster innovation and sustainability across Europe, and to create positive spillovers for Luxembourg’s economy, while contributing to the decarbonisation of the transport sector and reinforcing our commitment to creating a greener future. We look forward to seeing the transformative impact this partnership will have on sustainable mobility" said Marjut Falkstedt, Chief Executive of the EIF.

LFF2 was launched in 2023 to continue the successful cooperation between SNCI and EIF aiming to stimulate the diversification and sustainable development of the Luxembourgish economy via funding activities. With €200 million in total financing commitments between SNCI (up to €160 million) and EIF (up to €40 million), LFF2 provides additional firepower in support of innovative projects in Luxembourg.

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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.

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

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

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