Shell E4

Shell E4, established in 2017, is a Bengaluru-based accelerator focused on fostering clean technology and sustainability ventures. It invests in and supports startups working on solutions such as waste management, plastic circularity, carbon capture, and decarbonization technologies, aligning with Shell's broader commitment to a lower-carbon future.

Bilal Ahmad

Venture Principal

Peter van Giessel

Venture Principal

Robert Linck

CFO and Chief Investment Director

Hector MacQuarrie

Venture Principal

Geert van de Wouw

Managing Director

Quennie Co

Managing Director and Managing Partner

Past deals in Electric Vehicle

ALT Mobility

Series A in 2024
ALT Mobility is an electric vehicle as a service (EVaaS) company that specializes in leasing electric vehicles for intra-city logistics. Its platform offers vehicles on a rental and subscription basis, catering to the needs of businesses looking to electrify their commercial fleets. In addition to providing access to electric vehicles, ALT Mobility's services include vehicle tracking solutions, real-time battery status updates via mobile applications, and comprehensive vehicle health monitoring, which encompasses maintenance and insurance. This approach enables businesses to adopt affordable and sustainable transportation solutions for urban delivery and logistics needs.

Sunswap

Venture Round in 2024
Sunswap Ltd. is a London-based company that focuses on developing innovative transport refrigeration technology aimed at achieving zero-emission cold chain transportation. Incorporated in 2020, Sunswap integrates solar power, battery systems, and electric refrigeration into a single high-performance unit. This proprietary, patent-pending technology assists notable clients, such as DFDS and Samworth Brothers, as well as trial partners like Muller, in reducing diesel reliance and associated costs. The company's mission is to decarbonize the cold transportation sector, thereby addressing environmental concerns while enhancing efficiency in the supply chain.

FreshBus

Series A in 2024
FreshBus is an electric bus startup focused on launching premium intercity electric bus services across India. The company operates a technology-based transport platform aimed at providing sustainable road transportation solutions. FreshBus seeks to enhance the travel experience by ensuring safety, timeliness, and comfort for its customers while maintaining affordability. Through its innovative approach, FreshBus aims to transform the way people travel between cities, promoting eco-friendly transportation options in the region.

ALT Mobility

Series A in 2024
ALT Mobility is an electric vehicle as a service (EVaaS) company that specializes in leasing electric vehicles for intra-city logistics. Its platform offers vehicles on a rental and subscription basis, catering to the needs of businesses looking to electrify their commercial fleets. In addition to providing access to electric vehicles, ALT Mobility's services include vehicle tracking solutions, real-time battery status updates via mobile applications, and comprehensive vehicle health monitoring, which encompasses maintenance and insurance. This approach enables businesses to adopt affordable and sustainable transportation solutions for urban delivery and logistics needs.

ALT Mobility

Debt Financing in 2024
ALT Mobility is an electric vehicle as a service (EVaaS) company that specializes in leasing electric vehicles for intra-city logistics. Its platform offers vehicles on a rental and subscription basis, catering to the needs of businesses looking to electrify their commercial fleets. In addition to providing access to electric vehicles, ALT Mobility's services include vehicle tracking solutions, real-time battery status updates via mobile applications, and comprehensive vehicle health monitoring, which encompasses maintenance and insurance. This approach enables businesses to adopt affordable and sustainable transportation solutions for urban delivery and logistics needs.

Soly

Series B in 2024
Soly is an international Clean Energy Tech company with a mission to make solar energy available to everyone. The company was founded in the summer of 2013 by brothers Patrick and Milan van der Meulen. The brothers were inspired at a young age by Al Gore’s documentary “An Inconvenient Truth” and have since decided to use their entrepreneurship ‘As a force for good’. The company is today one of the European market leaders in the field of decentralized energy generation and storage through solar panels, batteries and charging stations. Soly focuses on the residential and business markets and is active in the Netherlands, South Africa (2019), Belgium (2022), Germany (2023) and the United Kingdom (2023). By developing its proprietary software platform, Soly is one of the most capital-efficient energy providers, with only 140 employees across five countries. The Soly platform won a spot in the Deloitte Technology Fast50 in 2021. Soly is an impact driven company and since 2018 B Corp certified. B Corp is an international label for companies that strive for the highest standards of sustainability, financial transparency, and social justice.

TSING STANDARD

Series A in 2023
Tsing Standard specializes in the research, development, and manufacturing of test and validation equipment specifically designed for electric and intelligent connected vehicles. The company offers a comprehensive range of inspection solutions, including laboratory test verification, production line testing, and charging process detection. Tsing Standard also provides essential services such as after-sale testing and data services, catering to original equipment manufacturers (OEMs) and auto parts manufacturers. By enabling these businesses to verify the performance and reliability of their systems and components, the company plays a crucial role in ensuring production quality and facilitating effective maintenance processes. Headquartered in Beijing, China, Tsing Standard is committed to supporting the evolving needs of the electric vehicle industry.

Princeton NuEnergy

Series A in 2023
Princeton NuEnergy is a clean-tech startup specializing in the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. The company utilizes patented Direct Battery Recycling technology to produce high-quality cathode active materials at low operating costs from spent batteries. This innovative process allows for the regeneration of cathodes, anodes, electrolytes, solvents, and other materials, enabling clients to restore battery components without fully breaking down their chemical structures. By providing sustainable energy solutions, Princeton NuEnergy addresses environmental challenges associated with battery waste and promotes a circular economy in the battery industry.

Husk Power Systems

Series D in 2023
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.

Xcharge

Series C in 2023
XCharge is a prominent provider of high-power electric vehicle (EV) charging solutions, established in 2015. The company focuses on the design, manufacturing, and sales of advanced EV charging infrastructure, including its C6 and C7 series of DC fast chargers and the Net Zero Series, which integrates battery storage technology. XCharge aims to enhance the EV charging experience for energy companies, fleet operators, and parking lot managers across over 25 countries. By combining hardware and software solutions, the company seeks to maximize charging revenue while minimizing maintenance costs. Its innovative approach allows for scalable, cost-effective installations tailored for diverse grid conditions, facilitating a smoother transition to clean transportation in North America. With a team of experienced professionals, XCharge is dedicated to addressing the challenges of EV infrastructure and promoting sustainable energy practices.

SiriNor

Seed Round in 2023
SiriNor is a manufacturing company focused on developing electric jet engines. Their primary goal is to reduce greenhouse gas emissions in the aviation industry. The company's innovative engine design offers electric propulsion and a wide range of applications, from unmanned aerial vehicles to aircraft, catering to various thrust requirements. This technology aims to democratize jet engine manufacturing, break existing technological monopolies, and facilitate large-scale decarbonization in aviation.

Statiq

Series A in 2022
Statiq is an electric vehicle charging network that allows customers to find the closest charging station, book a slot, and pay online. Statiq creates and aggregates its own smart EV chargers as well as other public EV chargers. Founded in the year 2020 by Akshit Bansal and Raghav Arora and is based in Gurgaon, Haryana, India.

Princeton NuEnergy

Seed Round in 2022
Princeton NuEnergy is a clean-tech startup specializing in the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. The company utilizes patented Direct Battery Recycling technology to produce high-quality cathode active materials at low operating costs from spent batteries. This innovative process allows for the regeneration of cathodes, anodes, electrolytes, solvents, and other materials, enabling clients to restore battery components without fully breaking down their chemical structures. By providing sustainable energy solutions, Princeton NuEnergy addresses environmental challenges associated with battery waste and promotes a circular economy in the battery industry.

South 8 Technologies

Series A in 2022
South 8 Technologies, Inc. is a manufacturer based in San Diego, California, specializing in advanced lithium batteries and electrochemical capacitors that utilize a unique liquefied gas electrolyte known as LiGas®. Founded in 2015, the company addresses key issues associated with traditional lithium-ion batteries, particularly their susceptibility to fire and performance limitations in extreme temperatures. LiGas technology enhances energy density and safety, allowing batteries to operate effectively within a temperature range of -60 to 60 °C. This innovation serves a diverse array of applications, including electric vehicles, energy storage, aerospace, and defense industries, by providing improved performance and reduced flammability compared to conventional materials. South 8 has developed its first battery cell, the Arctic™ LiGas 18650, and is actively working on additional battery chemistries. The company holds 23 patents across multiple jurisdictions, with a customer base that includes cell manufacturers and end-users, supported by various investors in the technology and automotive sectors.

Soly

Series A in 2022
Soly is an international Clean Energy Tech company with a mission to make solar energy available to everyone. The company was founded in the summer of 2013 by brothers Patrick and Milan van der Meulen. The brothers were inspired at a young age by Al Gore’s documentary “An Inconvenient Truth” and have since decided to use their entrepreneurship ‘As a force for good’. The company is today one of the European market leaders in the field of decentralized energy generation and storage through solar panels, batteries and charging stations. Soly focuses on the residential and business markets and is active in the Netherlands, South Africa (2019), Belgium (2022), Germany (2023) and the United Kingdom (2023). By developing its proprietary software platform, Soly is one of the most capital-efficient energy providers, with only 140 employees across five countries. The Soly platform won a spot in the Deloitte Technology Fast50 in 2021. Soly is an impact driven company and since 2018 B Corp certified. B Corp is an international label for companies that strive for the highest standards of sustainability, financial transparency, and social justice.

Revel

Series B in 2022
Revel is a company focused on promoting electric vehicle (EV) adoption in urban environments through its all-electric rideshare service and a network of fast-charging stations. The company operates a fleet of easily recognizable blue, all-electric vehicles that provide a cleaner and safer rideshare experience. Revel emphasizes affordability, safety, and cleanliness, featuring vetted drivers and regularly detailed cars. Users can conveniently request rides via the Revel app, available on both iOS and Android platforms. Additionally, Revel offers shared electric mopeds, allowing customers to easily locate and book a ride through the mobile application, which also facilitates access to charging stations for immediate energy replenishment.

Offgrid Energy Labs

Seed Round in 2022
Offgrid Energy Labs specializes in the development of energy storage battery technology aimed at creating efficient and safe batteries for a sustainable future. The company focuses on innovating chemistry, materials, and design using eco-friendly and readily available resources. Its technology provides cost-effective and low-maintenance renewable energy storage solutions, which are particularly beneficial for microgrids. Offgrid Energy Labs also offers improved alternatives for electric vehicles and enhances capabilities for grid balancing. By surpassing traditional lead-acid batteries in power density, battery life, and overall cost, the company positions itself as a leader in the transition to advanced energy storage systems.

SpareIt

Seed Round in 2021
SpareIt is digitising the supply chain ecosystem in the automotive aftermarket. SpareIt® is empowering small and medium garages as well as suppliers in India through technology. Utilising proprietary technology, the company has built practical solutions for each stakeholder ranging from procurement, sales, logistics to credit. SpareIt®’s garages network is growing fast, and a large number of automotive brands are signing up to sell to the network. SpareIt® has also brought distinct advantages to the EV segment. It offers trained and certified EV technicians and is already working with EV manufacturers and enablers who are using SpareIt®’s garage network to service their EVs. The SpareIt platform is about making business easy in India, about making B2B commerce convenient and efficient. It connects workshops with distributors and manufacturers who sell more than 30 lakh spares ranging across categories in the automotive aftermarket. SpareIt® has been able to tech-enable an inefficient and opaque ecosystem in the automotive aftermarket supply chain. Our solution is a SaaS + Multilingual + AI + Vernacular Voice to Text Search/Input platform. It is modular in nature which means that workshops or any other player in the ecosystem can plug and play the module that suits them the best.

Ample

Series C in 2021
Ample, Inc. is a San Francisco-based company that specializes in electric battery stations and offers innovative battery swap solutions for electric vehicles. Founded in 2014, Ample operates within the smart energy sector, focusing on enhancing energy delivery for electric transportation. The company employs autonomous robotics and advanced battery technology to facilitate efficient energy exchange. Ample's unique battery system utilizes smaller, interchangeable battery modules, allowing compatibility with a diverse range of vehicles. This approach aims to streamline the charging process, making electric vehicle use more accessible and convenient for consumers.

Zypp Electric

Seed Round in 2021
Zypp Electric is a company focused on transforming last-mile delivery through its electric vehicle (EV) solutions, primarily utilizing e-scooters. It operates an app that facilitates the delivery of goods across various sectors, including e-commerce, grocery, medicine, and food, promoting a shift to electric transportation to reduce emissions. By offering a dockless e-scooter sharing service, Zypp enables users to locate and access vehicles easily, enhancing convenience and affordability for deliveries. The company's commitment to sustainability has positioned it as a pioneer in the EV logistics sector, achieving EBITDA-positive status through its innovative approach to decarbonizing transportation and making last-mile delivery more efficient.

Xcharge

Series B in 2021
XCharge is a prominent provider of high-power electric vehicle (EV) charging solutions, established in 2015. The company focuses on the design, manufacturing, and sales of advanced EV charging infrastructure, including its C6 and C7 series of DC fast chargers and the Net Zero Series, which integrates battery storage technology. XCharge aims to enhance the EV charging experience for energy companies, fleet operators, and parking lot managers across over 25 countries. By combining hardware and software solutions, the company seeks to maximize charging revenue while minimizing maintenance costs. Its innovative approach allows for scalable, cost-effective installations tailored for diverse grid conditions, facilitating a smoother transition to clean transportation in North America. With a team of experienced professionals, XCharge is dedicated to addressing the challenges of EV infrastructure and promoting sustainable energy practices.

GreenCom Networks

Venture Round in 2020
GreenCom Networks AG is an energy IoT company based in Munich, Germany, with a focus on developing innovative solutions for the energy sector since its founding in 2011. The company operates an Energy Information Brokerage Platform that integrates various distributed energy assets, including solar panels, battery storage, electric vehicles, and heat pumps. Its platform offers several services, such as eibp connect for managing and controlling energy assets, eibp boost for visualizing and optimizing energy flows, eibp mesh for connecting customers to energy communities, eibp empower for developing energy tariffs, and eibp cluster for enhancing the capabilities of distributed assets. By providing these tools, GreenCom Networks enables utilities and energy service companies to improve customer engagement and introduce new digital energy services.

Envoy Technologies

Series A in 2020
Envoy Technologies Inc. offers electric vehicle-sharing services tailored for multifamily residences, workplaces, and hotels. The company provides a range of vehicles, including luxury cars and two-wheelers, alongside essential services such as fleet insurance, customer support, fleet maintenance, on-site car washing, charging station installation, and staff training. Envoy aims to enhance tenant and guest experiences by integrating Mobility as an Amenity™ into properties, allowing users to reserve and access vehicles through a mobile app. The company operates in California and New York, serving locations such as apartments, student housing, office campuses, co-working spaces, hotels, and municipalities. Founded in 2016 and headquartered in Culver City, California, Envoy Technologies combines innovative technology with robust analytics to implement private and dedicated auto-sharing solutions for various communities.

Go GreenBOV ( Battery Operated Vehicles )

Pre Seed Round in 2020
Go GreenEoT is building India's intelligent electric vehicles which are made for every purse and every purpose.

Energos

Pre Seed Round in 2020
Energos develops a unified platform and edge AI for managing EV charging infrastructure and microgrids. The company's platform enables seamless integration with various electric vehicle chargers, storage systems, PV systems, HVAC, and other technologies. This allows retailers such as fuel service stations, convenience stores, EV charging and battery swap stations, hydrogen and CNG stations, and utilities to establish and manage multiple energy choices for EV car owners.

Magenta Mobility

Seed Round in 2020
Magenta Mobility is an EV charging and mobility solution provider whose mission is to revolutionize and aggregate the urban freight and transportation segment. It is creating an electric ecosystem for e-Commerce, FMCG, FMCD, Pharmaceuticals, Food, Courier & Logistics companies, as well as for employee transportation and last-mile deliveries. Magenta bases its EV delivery and logistics services on unrivaled full-stack software technology and has implemented a connected Fleet Management System.

Eee-Taxi

Pre Seed Round in 2020
eee-Taxi is an electric taxi service focused on delivering sustainable transportation solutions through a fleet of 100% electric vehicles. The company aims to provide clean, efficient, and affordable mobility options for riders while contributing to improved air quality and reduced emissions. By incorporating features such as real-time tracking, online booking, and various payment methods, eee-Taxi enhances convenience for consumers. Additionally, the company is dedicated to creating an ecosystem that supports electric vehicles, further promoting green mobility initiatives.

Forge Hydrocarbons

Venture Round in 2020
Forge Hydrocarbons Corporation is a Canadian company that specializes in producing drop-in renewable diesel fuel using its proprietary Lipid-to-Hydrocarbon (LTH) technology. Founded in 2012 as a spin-off from the University of Alberta, Forge transforms waste fats and low-value organic oils, such as yellow and brown grease, into hydrocarbons that closely resemble traditional petroleum-based products. This innovative approach allows for the efficient production of hydrocarbon fuels, solvents, and chemicals, while significantly reducing emissions compared to conventional petroleum production and combustion. The company targets various sectors, including renewable energy, transportation, and government funding, contributing to cleaner energy solutions. Based in Oakville, Canada, Forge Hydrocarbons aims to provide a sustainable alternative in the energy market.

Offgrid Energy Labs

Pre Seed Round in 2020
Offgrid Energy Labs specializes in the development of energy storage battery technology aimed at creating efficient and safe batteries for a sustainable future. The company focuses on innovating chemistry, materials, and design using eco-friendly and readily available resources. Its technology provides cost-effective and low-maintenance renewable energy storage solutions, which are particularly beneficial for microgrids. Offgrid Energy Labs also offers improved alternatives for electric vehicles and enhances capabilities for grid balancing. By surpassing traditional lead-acid batteries in power density, battery life, and overall cost, the company positions itself as a leader in the transition to advanced energy storage systems.

ZIPTRAX Cleantech

Seed Round in 2019
Ziptrax CleanTech specializes in Closed Loop Recycling for lithium-ion batteries, focusing on the recovery of valuable metals such as lithium, cobalt, nickel, and manganese. This process supports various applications, including electric vehicles, renewable energy grids, and consumer electronics. The company employs a Cradle-to-Grave approach that not only reduces costs for manufacturers and distributors but also offers significant benefits to end-users. Additionally, Ziptrax CleanTech utilizes artificial intelligence to enhance battery longevity through a digital platform that facilitates the collection and recycling of used lithium-ion batteries. These batteries undergo extensive testing and quality checks before being repurposed for second-use applications in e-mobility and energy storage, thereby contributing to sustainable practices in the industry.

Aurora

Series B in 2019
Aurora is a self-driving vehicle company providing a platform that brings software and data services to operate passenger vehicles. To move both people and goods, the company develops Aurora Driver, a platform that brings together software, hardware, and data services to operate passenger vehicles, light commercial vehicles, and heavy-duty trucks. Aurora is backed by Amazon and Sequoia, among others, and partners with industry leaders including Toyota, Uber, Volvo, and Paccar. Aurora tests its vehicles in the Bay Area, Pittsburgh, and Dallas. The company has offices in those areas as well as in Bozeman, MT; Seattle, WA; Louisville, CO; and Wixom, MI.

TresMoto

Pre Seed Round in 2019
TresMoto specializes in providing comprehensive solutions for niche enterprise markets, particularly in micro delivery and bike rental services. The company designs and manufactures electric scooters equipped with features such as GPS, geofencing, remote demobilization, and ample storage space. TresMoto also focuses on creating smart motorcycles and a battery swapping infrastructure tailored for fleet and shared applications. Additionally, it offers a subscription model that encompasses all aspects of vehicle ownership, including insurance, maintenance, roadside assistance, and battery swapping services, thereby facilitating a seamless experience for dockless rental and micro-delivery service providers. With its innovative approach, TresMoto aims to enhance clean energy mobility in densely populated urban areas in India.

ZIPTRAX Cleantech

Pre Seed Round in 2019
Ziptrax CleanTech specializes in Closed Loop Recycling for lithium-ion batteries, focusing on the recovery of valuable metals such as lithium, cobalt, nickel, and manganese. This process supports various applications, including electric vehicles, renewable energy grids, and consumer electronics. The company employs a Cradle-to-Grave approach that not only reduces costs for manufacturers and distributors but also offers significant benefits to end-users. Additionally, Ziptrax CleanTech utilizes artificial intelligence to enhance battery longevity through a digital platform that facilitates the collection and recycling of used lithium-ion batteries. These batteries undergo extensive testing and quality checks before being repurposed for second-use applications in e-mobility and energy storage, thereby contributing to sustainable practices in the industry.

Ample

Series A in 2018
Ample, Inc. is a San Francisco-based company that specializes in electric battery stations and offers innovative battery swap solutions for electric vehicles. Founded in 2014, Ample operates within the smart energy sector, focusing on enhancing energy delivery for electric transportation. The company employs autonomous robotics and advanced battery technology to facilitate efficient energy exchange. Ample's unique battery system utilizes smaller, interchangeable battery modules, allowing compatibility with a diverse range of vehicles. This approach aims to streamline the charging process, making electric vehicle use more accessible and convenient for consumers.

ION Energy

Pre Seed Round in 2018
ION Energy, Inc. is a manufacturer of energy storage systems based in Bayside, New York. The company produces batteries designed for scooters and homes, along with battery management systems that enhance the performance and reliability of these energy solutions. ION Energy also offers a battery analytics and diagnostic platform known as RIFT, which utilizes advanced analytics and artificial intelligence to support electric vehicle and energy storage providers. This technology enables organizations to make informed decisions quickly, providing them with the flexibility to either deploy ready-to-use battery management systems or develop custom solutions tailored to their specific needs. ION Energy has positioned itself as a key partner for original equipment manufacturers and battery pack manufacturers seeking innovative battery technology.

Husk Power Systems

Series C in 2018
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.

Texas Guadaloop

Grant in 2017
Texas Guadaloop is focused on developing innovative transportation solutions through its research into hyperloop technology. The company has created a pod prototype that employs air-bearing technology, allowing it to levitate and operate with zero friction within hyperloop tubing. This design significantly reduces drag, enabling the system to reach maximum speeds of 700 miles per hour. By offering a more cost-effective alternative to traditional magnetic levitation systems, Texas Guadaloop aims to enhance the efficiency of transporting goods and people while addressing the growing demands for sustainable transportation options.

ALT Mobility

ALT Mobility is an electric vehicle as a service (EVaaS) company that specializes in leasing electric vehicles for intra-city logistics. Its platform offers vehicles on a rental and subscription basis, catering to the needs of businesses looking to electrify their commercial fleets. In addition to providing access to electric vehicles, ALT Mobility's services include vehicle tracking solutions, real-time battery status updates via mobile applications, and comprehensive vehicle health monitoring, which encompasses maintenance and insurance. This approach enables businesses to adopt affordable and sustainable transportation solutions for urban delivery and logistics needs.
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