Shift4Good, a venture capital firm focused on sustainable transportation, has successfully closed its first fund at €220 million, having initially raised €100 million in October 2022. The fund aims to make Series A and B investments in transformative start-ups across rail, road, air, and maritime sectors, with investment amounts ranging from €4 million to €20 million. It targets 25 to 30 companies and has already invested in 13, covering areas like fleet electrification and battery recycling. Notable LPs include Renault Group and BNP Paribas, acknowledging the fund’s alignment with decarbonization and re-industrialization goals.