Shell Ventures

Shell Ventures is the strategic investment arm of Shell, focusing on identifying and adopting innovative technologies to enhance commercial advantage. It invests in promising tech companies, joint ventures, and venture capital funds across sectors such as power, mobility, emission management, digital, and resources.

Bilal Ahmad

Venture Principal

Quennie Co

Managing Director and Managing Partner

Robert Linck

CFO and Chief Investment Director

Hector MacQuarrie

Venture Principal

Brian Panoff

Investment Director

Christine Vincent

Principal

Peter van Giessel

Venture Principal

Geert van de Wouw

Managing Director

Past deals in Industrial Machinery

Mantel

Series A in 2024
Mantel develops innovative carbon capture technology designed for use within boilers, kilns, and furnaces. Their method reduces energy losses and enables net-negative emissions, targeting gigaton-level carbon removal. This helps mitigate sustainability concerns across industries such as industrial heat, steel, and chemicals.

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.

Kraftblock

Series B in 2023
Kraftblock develops thermal energy storage solutions using advanced materials to support the transition to low-emission industrial heating. The company designs systems that decarbonize heat processes in industrial sectors by storing and supplying thermal energy at high temperatures, enabling applications not possible with conventional storage. Its platform enables large-scale, long-duration energy storage for industries, facilitating sustainable thermal processes and supporting renewables by providing affordable, controllable heat throughout the day. Kraftblock emphasizes efficiency and sustainability, aiming to reduce emissions and advance practical energy transition in industrial settings.

UptimeAI

Seed Round in 2022
UptimeAI employs Artificial Intelligence and industry expertise to anticipate, diagnose, and provide proactive solutions for manufacturing operations. It helps manufacturers minimize surprises and optimize their processes.

Aurora Hydrogen

Series A in 2022
Aurora Hydrogen develops clean, scalable hydrogen production technology that utilizes microwave energy to decarbonize transportation and industrial processes. The technology is designed to be adaptable for installations ranging from small fueling stations to large industrial facilities, aims to produce hydrogen with no carbon dioxide emissions and minimal water consumption, and seeks to reduce global carbon emissions through widespread deployment.

Antora Energy

Series A in 2022
Antora Energy specializes in delivering reliable, zero-carbon industrial heat and power solutions to heavy industries. The company's core technology involves thermal energy storage that absorbs excess solar and wind electricity, converting it into usable heat for industrial processes.

Heaten

Series A in 2022
Heaten is an industrial startup specializing in high-temperature heat pump technology. With over eight years of R&D, they focus on accelerating the electrification of heat in industries, aiming to reduce carbon emissions while providing viable technical and economic solutions for industrial heating processes.

Embedsense Solutions

Pre Seed Round in 2021
Embedsense Solutions specializes in product design, focusing on Internet of Things (IoT) enabled sensors for transforming industrial factories. Their IoT-based controller caters to diverse machinery needs, optimizing and supervising various industrial processes.

Cumulus Digital Systems

Venture Round in 2021
Cumulus Digital Systems, Inc. is a startup based in Cambridge, Massachusetts, that specializes in developing a cloud-hosted software platform aimed at enhancing maintenance and construction workflows. The company's primary offering is the Smart Torque System, which leverages Internet of Tools technology to gather data from digitally-enabled tools. This platform serves as a centralized source for real-time quality assurance and progress tracking, facilitating improved management of industrial facilities. By structuring data collected during operations, Cumulus enables businesses to achieve significant improvements in productivity and work processes, thereby making industrial environments safer and more efficient. Cumulus Digital Systems was incorporated in 2018.

APChemi

Pre Seed Round in 2020
APChemi develops large-scale plastic waste management projects and provides sustainable pyrolysis technologies to recycle plastic and other feedstocks. The company focuses on plastic pyrolysis, biomass pyrolysis, and pyrolysis oil cleanup, delivering proven, patented plants designed to convert waste into value and support the circular economy while reducing landfilling.

Tensor Dynamics

Seed Round in 2020
Tensor Dynamics is a company that specializes in weather prediction by utilizing machine learning and real-time data. It operates a weather data platform designed to provide high-resolution forecasts across various time and spatial scales. By employing advanced science-based weather and climate data technologies, Tensor Dynamics delivers accurate forecasts and historical weather information through cloud tracking techniques. This enables heavy industries and utility companies to access critical climate data, thereby enhancing their productivity and decision-making capabilities.

Cumulus Digital Systems

Seed Round in 2018
Cumulus Digital Systems, Inc. is a startup based in Cambridge, Massachusetts, that specializes in developing a cloud-hosted software platform aimed at enhancing maintenance and construction workflows. The company's primary offering is the Smart Torque System, which leverages Internet of Tools technology to gather data from digitally-enabled tools. This platform serves as a centralized source for real-time quality assurance and progress tracking, facilitating improved management of industrial facilities. By structuring data collected during operations, Cumulus enables businesses to achieve significant improvements in productivity and work processes, thereby making industrial environments safer and more efficient. Cumulus Digital Systems was incorporated in 2018.

TrashCon

Seed Round in 2018
TrashCon is an internationally recognized company specializing in sustainable waste management solutions. It offers innovative technologies for automating waste segregation into biodegradable and non-biodegradable components, facilitating efficient recycling processes.

Salamander Solutions

Series A in 2018
Salamander Solutions provides design, manufacture, deployment and control of heater cables used in oil and gas wells; it also offers reservoir and facility consulting, designs heater cables, surface equipment, and control systems, and provides servicing and troubleshooting. The company develops heater cable technology for heavy oil wells that withstand extreme temperatures, utilizing a medium-voltage mineral-insulated cable with a stainless steel sheath to boost production and industry performance.

Maana

Series C in 2017
Maana, Inc. is a technology company that specializes in industrial data analytics and knowledge-centric software solutions. Founded in 2012 and headquartered in Palo Alto, California, with additional offices in Bellevue, Washington, Houston, Texas, London, United Kingdom, and Dhahran, Saudi Arabia, Maana offers the Maana Knowledge Platform, which facilitates operational problem solving and enhances knowledge discovery to drive profitability. The platform is underpinned by a patented Knowledge Graph that efficiently extracts knowledge from data silos, revealing relationships within the context of specific assets or processes. Maana serves various sectors including industrial field services, maintenance, sales, logistics, finance, risk and compliance, and oil and gas, helping global companies optimize their operations and make data-driven decisions.

Maana

Series B in 2016
Maana, Inc. is a technology company that specializes in industrial data analytics and knowledge-centric software solutions. Founded in 2012 and headquartered in Palo Alto, California, with additional offices in Bellevue, Washington, Houston, Texas, London, United Kingdom, and Dhahran, Saudi Arabia, Maana offers the Maana Knowledge Platform, which facilitates operational problem solving and enhances knowledge discovery to drive profitability. The platform is underpinned by a patented Knowledge Graph that efficiently extracts knowledge from data silos, revealing relationships within the context of specific assets or processes. Maana serves various sectors including industrial field services, maintenance, sales, logistics, finance, risk and compliance, and oil and gas, helping global companies optimize their operations and make data-driven decisions.
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