On 14 November, SNCF, Orange, PSA Peugeot Citroën and Total joined forces to create Ecomobilité Ventures, Europe’s first investment structure led by a group of industrial companies and dedicated to sustainable mobility. A total of €30 million will be used to invest in innovative young companies.

Ecomobilité Ventures will acquire minority interests in European companies in the start-up or development stage and will support them over the long term. The segments targeted are sustainable mobility products, services and technologies and mobility-related clean technologies. The fund will invest in young companies offering solutions to the various issues in these areas. They will have to demonstrate their ability to be profitable on a stand-alone basis by leveraging a solid business model, as well as their potential to become leaders in their market segments.

“The creation of Ecomobilité Ventures is fully aligned with SNCF’s strategy, which is to link different modes of transportation in order to offer our clients end-to-end solutions," says Bernard Emsellem, Deputy Director General for Ecomobility at SNCF. “By creating this investment structure, we are bringing together a wide variety of strategically-related competencies to foster the emergence of new forms of mobility and meet market expectations."

(Source: SNCF)