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

Co-Founder, Partner and Chief Investment Officer

Hector MacQuarrie

Venture Principal

Geert van de Wouw

Managing Director

Quennie Co

Managing Director and Managing Partner

Past deals in Transport and logistics

ALT Mobility

Series A in 2024
ALT Mobility is an electric vehicle as a service (EVaaS) company specializing in the leasing of electric vehicles for intra-city logistics. The company offers a platform that enables businesses to access EVs on a rental and subscription basis, providing structured financial solutions to facilitate the electrification of commercial fleets. In addition to vehicle leasing, ALT Mobility’s services include vehicle tracking, battery status monitoring via mobile applications, and maintenance and insurance support, all aimed at making electric transportation more accessible and affordable for businesses engaged in urban delivery and logistics.

Sunswap

Venture Round in 2024
Sunswap Ltd. is a London-based company founded in 2020, specializing in the development of innovative transport refrigeration technology aimed at achieving zero-emission cold chain transportation. The company has created a proprietary, patent-pending system that combines solar energy, battery storage, and electric refrigeration into a single high-performance unit. This technology is designed to help major clients, including DFDS and Samworth Brothers, as well as trial partners like Muller, reduce diesel emissions and associated costs in their operations. Sunswap's mission is to decarbonize the cold transportation sector, addressing pressing environmental concerns while enhancing efficiency in the logistics of perishable goods.

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.

Strohm

Venture Round in 2024
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.

ALT Mobility

Series A in 2024
ALT Mobility is an electric vehicle as a service (EVaaS) company specializing in the leasing of electric vehicles for intra-city logistics. The company offers a platform that enables businesses to access EVs on a rental and subscription basis, providing structured financial solutions to facilitate the electrification of commercial fleets. In addition to vehicle leasing, ALT Mobility’s services include vehicle tracking, battery status monitoring via mobile applications, and maintenance and insurance support, all aimed at making electric transportation more accessible and affordable for businesses engaged in urban delivery and logistics.

ALT Mobility

Debt Financing in 2024
ALT Mobility is an electric vehicle as a service (EVaaS) company specializing in the leasing of electric vehicles for intra-city logistics. The company offers a platform that enables businesses to access EVs on a rental and subscription basis, providing structured financial solutions to facilitate the electrification of commercial fleets. In addition to vehicle leasing, ALT Mobility’s services include vehicle tracking, battery status monitoring via mobile applications, and maintenance and insurance support, all aimed at making electric transportation more accessible and affordable for businesses engaged in urban delivery and logistics.

Strohm

Venture Round in 2022
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.

Strohm

Venture Round in 2022
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. Strohm's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. These composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for clients engaged in subsea intervention and production activities. Through its innovative solutions, Strohm aims to enhance efficiency and reliability in the energy sector.

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.

Masabi

Venture Round in 2022
Masabi Limited is a leading provider of mobile ticketing and fare collection solutions, serving passengers, transport authorities, and operators in the United Kingdom and globally. Established in 2001 and headquartered in London, Masabi offers its flagship product, the JustRide platform, which is a comprehensive, cloud-based system for mobile ticketing and fare management. This platform allows users to efficiently purchase, display, and validate tickets for various modes of public transportation, including buses, trains, and ferries. JustRide encompasses a suite of tools, such as customer apps for ticket sales and schedules, a Web Sales Portal for online ticketing, and a reporting hub for real-time analytics. By enabling secure mobile transactions, Masabi's technology eliminates the need for physical tickets, enhancing convenience for passengers while streamlining operations for transport providers. The company operates with numerous transport agencies worldwide, helping to modernize and simplify fare collection processes.

Travis Road Services

Venture Round in 2021
Travis Road Services International B.V., founded in 2010 and based in Tilburg, the Netherlands, specializes in a road service management platform that connects fleet service providers and owners with essential services. The company offers a range of services, including truck washing, tank cleaning, truck parking, and repairs, all accessible through its online platform. This innovative application allows fleet owners and drivers to efficiently find, book, and pay for road services, streamlining the administrative process and reducing costs. By leveraging real-time data, Travis aims to enhance driving efficiency, minimize fuel consumption, and improve overall driver satisfaction.

Humn.ai

Series A in 2021
Humn.ai Ltd is a London-based company that specializes in artificial intelligence-driven insurance consulting services, particularly for fleet operators. Established in 2017, Humn.ai leverages machine learning to enhance traditional insurance models, providing innovative data-driven solutions for fleet management challenges. The company's platform integrates multiple data streams to develop real-time risk models, enabling the dynamic pricing of insurance premiums based on the specific risk associated with each completed trip. By offering features such as live data, contextual scoring, and proprietary geospatial exposure mapping, Humn.ai delivers accurate risk assessments and tailored insurance pricing, positioning itself as a forward-thinking player in the fleet insurance sector.

Humn.ai

Seed Round in 2021
Humn.ai Ltd is a London-based company that specializes in artificial intelligence-driven insurance consulting services, particularly for fleet operators. Established in 2017, Humn.ai leverages machine learning to enhance traditional insurance models, providing innovative data-driven solutions for fleet management challenges. The company's platform integrates multiple data streams to develop real-time risk models, enabling the dynamic pricing of insurance premiums based on the specific risk associated with each completed trip. By offering features such as live data, contextual scoring, and proprietary geospatial exposure mapping, Humn.ai delivers accurate risk assessments and tailored insurance pricing, positioning itself as a forward-thinking player in the fleet insurance sector.

Qbit Supply Chain

Seed Round in 2021
Qbit(formerly Quifers) is a logistics technology company that offers a Full-Stack SaaS solution for all types of goods movement. Our offerings include an integrated SaaS product with different modules and worldwide application which can help you manage your logistics starting from initial production point till the delivery to the end customers.

Forge Hydrocarbons

Venture Round in 2020
Forge Hydrocarbons Corporation is a Canadian company that specializes in the production of drop-in renewable fuels through its proprietary Lipid-to-Hydrocarbon (LTH) technology. Founded in 2012 and based in Oakville, it transforms waste fats and low-value organic oils into hydrocarbons that are chemically identical to petroleum-based products, without the need for catalysts or hydrogen. This innovative approach not only facilitates the cost-effective production of renewable diesel fuel but also offers significant emission reductions compared to traditional petroleum production and combustion methods. The company serves various sectors, including renewable energy, transportation, and government funding, leveraging its technology to contribute to cleaner energy solutions.

Masabi

Venture Round in 2020
Masabi Limited is a leading provider of mobile ticketing and fare collection solutions, serving passengers, transport authorities, and operators in the United Kingdom and globally. Established in 2001 and headquartered in London, Masabi offers its flagship product, the JustRide platform, which is a comprehensive, cloud-based system for mobile ticketing and fare management. This platform allows users to efficiently purchase, display, and validate tickets for various modes of public transportation, including buses, trains, and ferries. JustRide encompasses a suite of tools, such as customer apps for ticket sales and schedules, a Web Sales Portal for online ticketing, and a reporting hub for real-time analytics. By enabling secure mobile transactions, Masabi's technology eliminates the need for physical tickets, enhancing convenience for passengers while streamlining operations for transport providers. The company operates with numerous transport agencies worldwide, helping to modernize and simplify fare collection processes.

Commutec

Pre Seed Round in 2020
Commutec is a company focused on enhancing employee transportation through technology, providing safe and reliable shared transport solutions. It offers a corporate mobility platform that manages employee transport operations, aiming to reduce financial and security risks while lowering transport costs. The company's flagship product, Commutec PRo, is an end-to-end managed employee transportation solution that automates the entire transport management process. This innovative platform features vehicle capacity optimization, GPS-based tracking, real-time updates via SMS, and advanced route planning using patented algorithms. Additionally, it provides analytics and management information system reporting, allowing employers to maintain complete control and visibility over their transport operations in real-time, while also working to minimize the carbon footprint associated with employee commuting.

Travis Road Services

Venture Round in 2019
Travis Road Services International B.V., founded in 2010 and based in Tilburg, the Netherlands, specializes in a road service management platform that connects fleet service providers and owners with essential services. The company offers a range of services, including truck washing, tank cleaning, truck parking, and repairs, all accessible through its online platform. This innovative application allows fleet owners and drivers to efficiently find, book, and pay for road services, streamlining the administrative process and reducing costs. By leveraging real-time data, Travis aims to enhance driving efficiency, minimize fuel consumption, and improve overall driver satisfaction.

SET Ventures

Funding Round in 2019
SET Ventures, established in 2007 and based in Amsterdam, Netherlands, is a venture capital firm focusing on early to growth-stage investments in Europe. The company specializes in digital technology for a carbon-free energy system, backing pioneering startups with sustainable solutions and a strong digital DNA. Its investment priority lies in sectors such as distributed infrastructure, energy retail, buildings, mobility, industry, and enabling technologies. SET Ventures typically invests between €0.5 million to €6 million per portfolio company, aiming to take a seat on the supervisory board.

LogisticsNow

Pre Seed Round in 2019
LogisticsNow operates a digital logistics platform known as LoRRI, which offers comprehensive freight intelligence and procurement solutions. The platform is designed to assist customers in enhancing their technology-driven transportation and logistics operations. By leveraging data and fostering trust, LogisticsNow aims to create world-class logistics ecosystems that provide advanced analytics. This, in turn, enables clients to achieve better fleet utilization, improve service quality, and realize cost savings. Ultimately, LogisticsNow's solutions empower businesses to optimize their supply chains and enhance the overall value of their services.

ALT Mobility

ALT Mobility is an electric vehicle as a service (EVaaS) company specializing in the leasing of electric vehicles for intra-city logistics. The company offers a platform that enables businesses to access EVs on a rental and subscription basis, providing structured financial solutions to facilitate the electrification of commercial fleets. In addition to vehicle leasing, ALT Mobility’s services include vehicle tracking, battery status monitoring via mobile applications, and maintenance and insurance support, all aimed at making electric transportation more accessible and affordable for businesses engaged in urban delivery and logistics.
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