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Shell Ventures

Europe, Zuid-Holland, The Netherlands, Rijswijk

Description

Shell Ventures serves as the corporate venture capital arm of Shell plc, a global energy and petrochemical company. Its primary mission is to identify, invest in, and accelerate the development of innovative technologies and business models that align with Shell's strategic priorities, particularly those driving the global energy transition. The firm focuses on disruptive solutions across various sectors, including renewable energy, digital technologies, advanced materials, mobility, and cleantech, aiming to support Shell's long-term vision and its ambitious net-zero emissions targets.

Shell Ventures typically makes minority investments in early to growth-stage companies, joint ventures, and externally-managed funds. Their investment strategy is highly strategic, seeking to foster innovation that can be integrated into or complement Shell's vast global operations. Initial investment sizes generally range from a minimum of $2 million to a maximum of $20 million, reflecting their commitment to providing substantial capital to promising ventures. This financial backing is often complemented by strategic guidance and access to Shell's extensive resources.

Beyond capital, Shell Ventures offers its portfolio companies unparalleled access to Shell's global network, deep technical expertise, operational scale, and diverse customer base. This strategic support is crucial for accelerating the commercialization and scaling of new technologies, providing a significant competitive advantage to the startups it backs. With a global footprint, Shell Ventures has cultivated a diverse portfolio that includes over 100 investments across various sectors, underscoring its role as a key player in fostering innovation within the energy and technology landscapes.

Investor Profile

Shell Ventures has backed more than 148 startups, with 11 new investments in the last 12 months alone. The firm has led 52 rounds, about 35% of its total and boasts 18 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series Unknown, Series B rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, India.
  • Strong thematic focus on Energy, Renewable Energy, Software.
  • Led 2 rounds in the past year.
  • Typical check size: $2M – $20M.

Stage Focus

  • Series A (30%)
  • Series Unknown (24%)
  • Series B (16%)
  • Seed (8%)
  • Series C (7%)
  • Series D (5%)
  • Private Equity (3%)
  • Series E (3%)
  • Convertible Note (1%)
  • Undisclosed (1%)

Country Focus

  • United States (49%)
  • United Kingdom (14%)
  • India (9%)
  • The Netherlands (7%)
  • Norway (7%)
  • Germany (5%)
  • Canada (4%)
  • Switzerland (2%)
  • Kenya (1%)
  • Israel (1%)

Industry Focus

  • Energy
  • Renewable Energy
  • Software
  • Cleantech
  • Information Technology
  • Electric Vehicle
  • Artificial Intelligence (Ai)
  • Oil And Gas
  • Internet Of Things
  • Clean Energy
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Shell Ventures frequently co-invest with?

Summa Equity
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 4
Prelude Ventures
North America, California, United States, San Francisco
Co-Investments: 5
Horizons Ventures
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 4
AP Ventures
Europe, Enfield, United Kingdom, Enfield
Co-Investments: 4
Breakthrough Energy Ventures
Europe, Ile-de-France, France, Paris
Co-Investments: 7
G2 Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 4
Energy Impact Partners
North America, New York, United States, New York
Co-Investments: 6
Chevron Technology Ventures
North America, Texas, United States, Houston
Co-Investments: 14
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 5
Saudi Aramco Energy Ventures
Asia, Ash Sharqiyah, Saudi Arabia, Dhahran
Co-Investments: 5

Which angels does Shell Ventures often collaborate with?

Shared Deals: 1
Shared Deals: 1
BG
North America, Washington, United States, Seattle
Shared Deals: 2
IM
North America, New York, United States, New York
Shared Deals: 1
Kunal Shah
Asia, Karnataka, India, Bengaluru
Shared Deals: 1
Shared Deals: 1
WV
Europe, Noord-Brabant, The Netherlands, Tilburg
Shared Deals: 1
RW
North America, Virginia, United States, Richmond
Shared Deals: 1
AD
North America, Arizona, United States, Phoenix
Shared Deals: 1

What are some of recent deals done by Shell Ventures?

Alt Mobility

New Delhi, Delhi, India

Alt Mobility is a full-stack EV leasing platform that provides mobility as a service (MaaS) for intra-city logistics.

Electric VehicleLeasingLogistics
Series UnknownMay 8, 2025
Supercritical

London, England, United Kingdom

Developing the world's first high pressure, ultra-efficient electrolyser and lowest cost of pressurised green hydrogen.

Clean EnergyEnergyRenewable Energy
Series AMar 11, 2025
Amount Raised: $17,400,000
ElectronX

Chicago, Illinois, United States

ElectronX is an electricity exchange for managing short-term price volatility, supporting increased investment in clean energy development.

EnergyFinancial ServicesFinTechRenewable Energy
SeedFeb 19, 2025
Amount Raised: $10,000,000
Origen

Long Ashton, North Somerset, United Kingdom

Origen offers limestone-based direct air capture technology to reduce atmospheric CO2 levels.

ConsultingEnvironmental ConsultingEnvironmental Engineering
Series AJan 16, 2025
Amount Raised: $13,000,000
Alt Mobility

New Delhi, Delhi, India

Alt Mobility is a full-stack EV leasing platform that provides mobility as a service (MaaS) for intra-city logistics.

Electric VehicleLeasingLogistics
Series ANov 27, 2024
Amount Raised: $10,000,000
EarthOptics

Arlington, Virginia, United States

EarthOptics provides a cloud-based machine learning platform for soil and ground management.

AgricultureAgTechInformation TechnologyReal Time
Series UnknownNov 19, 2024
Amount Raised: $24,000,000
Hydrogen Mem-Tech

Trondheim, Sor-Trondelag, Norway

Hydrogen Mem-Tech aim is to make the green shift happen through our state-of-the-art hydrogen separation technology with carbon capture.

Carbon CaptureRenewable Energy
Series UnknownOct 22, 2024
Zap Energy

Everett, Washington, United States

Zap Energy is developing compact fusion power that doesn't require magnets or lasers.

Clean EnergyCleanTechEnergyRenewable Energy
Series DSep 26, 2024
Amount Raised: $130,000,000
Mantel

Cambridge, Massachusetts, United States

Mantel proposes a method to trap CO2 before it enters the atmosphere.

Environmental Consulting
Series ASep 5, 2024
Amount Raised: $30,000,000
Sunswap

Leatherhead, Surrey, United Kingdom

Sunswap designs, develops, and manufactures batteries and solar-powered transport refrigeration units.

BatteryCleanTechManufacturingSustainability
Series UnknownAug 26, 2024
Amount Raised: $22,821,563