“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,” commented  Marjut Falkstedt, chief executive of the European Investment Fund in a press release issued 18 December 2024. Photo: EIB

“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,” commented  Marjut Falkstedt, chief executive of the European Investment Fund in a press release issued 18 December 2024.  Photo: EIB

The Luxembourg Future Fund 2 has invested in Shift4Good, a venture capital fund focused on backing projects that aim to decarbonise the transport industry.

The Luxembourg Future Fund 2 (LFF2)--an initiative between Luxembourg’s Société Nationale de Crédit et d’Investissement (SNCI) and the European Investment Fund (EIF)--has taken a stake in the venture capital fund Shift4Good, said a press release issued on 18 December 2024.

Shift4Good, which has offices in Paris and Singapore, is an impact venture capital fund that focuses on decarbonising the transport sector. It is an article 9 fund under the EU’s Sustainable Finance Disclosure Regulation (SFDR) and invests in sectors like 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,” commented Julien Baumont, partner at Shift4Good. “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.”

Shift4Good’s goals dovetail with the Luxembourg Future Fund’s objective to invest in innovative and sustainable opportunities that make a positive environmental impact, said the press release. , chief executive of the EIF, added, “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.”

The to continue the cooperation between the SNCI, the grand duchy’s development bank, and the EIF, the European Investment Bank Group’s venture arm. The fund aims to boost the diversification and sustainable development of Luxembourg’s economy through its activities. It has €200m in total financing commitments between the SNCI (up to €160m) and the EIF (€40m). The Luxembourg Future Fund in July announced its .

"Our aim is to promote the sustainable development and diversification of Luxembourg’s economy,” said Eva Kremer, CEO of the SNCI. “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.”

The amount of the stake taken in Shift4Good was not disclosed.

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