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Shell Ventures

Corporate VC

London · Seed–Growth

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Stage
Seed–Growth
HQ
London, GB
Instruments
Equity
Last 12 months
5 investments
Tracked investments
50
Acquisitions
1

What they invest in

from 46 of 50 portfolio companies

Cleantech ×25Energy ×22Climate Tech ×13SaaS ×10Deep Tech ×9Mobility & Transportation ×9Hardware ×8AI & Machine Learning ×7

HQs:United States×23Germany×5United Kingdom×4India×3Norway×3Canada×2

Investments · 50 tracked

founders shown can be your intro path

By year:2026 · 52025 · 22024 · 52023 · 82022 · 52020 · 52018 · 42017 · 135 dated

Ammobiaammobia.coinFeb 2026✓ verified

Ammobia develops a novel ammonia production process that operates at low pressure and low temperature, achieving record-setting conversion rates.

Advanced ManufacturingCleantechEnergySan Francisco, US

Karen Baert(Co-founder & CEO)inTristan Gilbert(Co-founder & CTO)in

Co-investorsChevron Technology VenturesAIR CapitalAlumni VenturesCastor VenturesCollaborative FundCreative Destruction Lab (CDL)+5 more

Celadynetechceladynetech.comin𝕏✓ verified

Celadyne develops thin, durable proton exchange membranes used in fuel cells, electrolyzers, and flow batteries, with hydrogen fuel cells and electrolysis as initial applications.

CleantechEnergyNew MaterialsChicago, US

Gary Ong(Founder & CEO)inCorey Staller(CTO)in

Co-investorsSputnik ATXManiv MobilityDynamo Ventures

Heatenheaten.comin✓ verified

HEATEN builds industrial heat pumps that recover waste heat from industrial processes such as steelmaking and convert it into clean power and heat.

CleantechClimate TechEnergyRemscheid, DE

Bernd Loeser(CEO)in

Co-investorsAdvent InternationalNysnø Climate InvestmentsAzolla Ventures

HMThydrogen-mem-tech.comin✓ verified

Hydrogen Mem-Tech designs and produces compact palladium membrane technology that extracts clean hydrogen from natural gas, biogas, and ammonia for industrial clients worldwide.

CleantechEnergyHardwareNew MaterialsTrondheim, NO

Co-investorsYara Growth VenturesAP VenturesAramco VenturesEuropean Investment FundPeak Sustainability VenturesSaudi Aramco Energy Ventures

Kraftblockkraftblock.comAug 2023✓ verified

Kraftblock develops thermal energy storage systems based on a nanoparticle composite storage material, offering stationary and mobile solutions for decarbonizing industrial heat and cogeneration.

CleantechClimate TechEnergyEnterprise Software

Martin Schichtel(CEO & Co-founder)Susanne König(CEA & Co-founder)inChristian Gebhardt(COO)inFlorent Baudu(CCO)inWim Janssen(SVP Energy Services)Karsten Dieckhoff(VP Engineering)in

Co-investorsFinindusFreigeist CapitalTechEnergy VenturesFuture Industry VenturesBerliner Volksbank VenturesRedstone+2 more

Sunswapsunswap.co.ukin𝕏Aug 2024✓ verified

Sunswap designs and manufactures electric, zero-emission transport refrigeration units (its "Endurance" product) for logistics fleets and retailers, aiming to replace diesel-based refrigeration in the cold chain.

Advanced ManufacturingCleantechClimate TechLogistics & Supply ChainMobility & TransportationLeatherhead, GB

Nikolai Tauberin

Co-investorsClean Growth FundMove EnergyClean Energy Finance Corporation (CEFC)Oxford Investment Opportunity Network (OION)Sustainable Ventures

3LC3lc.aiin𝕏

3LC builds interactive, visual, human-in-the-loop tools for data-centric AI, letting data scientists inspect, edit, and re-train on individual training samples to improve model accuracy.

AI & Machine LearningData & InfrastructureDeveloper ToolsOslo, NO

Paul Endresen(CEO & CTO)inMarius Storm-Olsen(COO)inThomas Hagen(EMEA Chief Architect)inPer Arne Jensen(Executive Chair)in

Co-investorsEV Private Equity

Agricarbonagricarbon.co.ukinDec 2023

Agricarbon provides soil carbon measurement technology and data collection services for agricultural and climate applications.

AgTechCleantechClimate TechImpact & Social Good

Stewart Arbuckle(Founder)inAnnie Leeson(Co-founder)inDr. Helaina Black

Co-investorsCounteract OneMOHARA

Akselosakselos.cominMay 2022 · $16.5M

Akselos provides SPM (Structural Predictive Maintenance) technology that models how operational decisions like ramp rates and startup/shutdown procedures affect stress, fatigue accumulation, and brittle fracture risk in refinery reactors.

Advanced ManufacturingAI & Machine LearningDeep TechEnergyEnterprise SoftwareSaaS

Thomas Leurent(Founder)in

Co-investorsAlumni VenturesBasecamp FundCastor VenturesElewitFuture Energy VenturesGRO Capital+1 more

Alt Mobilityalt-mobility.comin𝕏Jan 2024

Alt Mobility provides electric vehicle leasing and asset management services for businesses and individuals in India.

CleantechClimate TechLogistics & Supply ChainMobility & Transportation

Dev Arora(Founder)in

Co-investorsAlteria CapitalBeyond Capital VenturesLVX VenturesNewRadioVenturePitchRight VenturesSprint Vc+2 more

Ampleample.comin𝕏Aug 2018 · $31M

Ample builds a modular battery-swapping technology that delivers a full charge to any electric vehicle in under five minutes using lego-like swappable battery modules, without requiring carmakers to redesign their cars.

CleantechEnergyHardwareMobility & Transportation

Co-investorsCivilization Ventures Management, LlcHemi Ventures, LlcJazzya InvestmentsNew Ground VenturesPrefix CapitalStart Capital+6 more

Aurora Hydrogenaurorahydrogen.cominAug 2022 · $10M

Aurora Hydrogen develops microwave-driven methane pyrolysis technology to produce low-cost clean hydrogen without CO₂ emissions.

CleantechClimate TechDeep TechEnergyNew MaterialsEdmonton, CA

Murray Thomsonin

Co-investorsEnergy Innovation CapitalCreative Destruction Lab (CDL)Third DerivativeChevron Technology Ventures

Axiom ExergyinApr 2018 · $7.6M

EnergyRichmond, US

Anthony Diamond(Director)Amrit Robbins(Executive Officer, Director)inDennis Odell(Director)Vikas Gupta(Director)Christopher Preston(Director)

Co-investorsSv Tech Ventures, Inc.Victory CapitalWorldQuant Ventures

Bumperbumper.coin𝕏Aug 2025

Bumper provides a payment orchestration platform designed for automotive dealerships that integrates in-store and online payment processing with features including pay-later options, bank transfers, and card payments.

E-commerceFintechMobility & TransportationRetail TechSaaSLondon, GB

James Jackson(Founder)in

Co-investorsAutotech VenturesInMotion VenturesRevo CapitalSalica InvestmentsPorsche Ventures

Cumuluscumuluscoffee.comin

Cumulus manufactures a cold coffee brewing machine that produces cold brew, nitro, and cold espresso on demand, sold direct to consumers alongside specialty coffee capsules and accessories.

ConsumerHardware

Mesh Gelmanin

Co-investorsMaveron

Cumuluscumulusds.comin𝕏Dec 2018 · $4.5M

Cumulus provides a digital quality control platform that enables construction and industrial organizations to digitize work procedures, track compliance, and maintain audit records across field operations.

Construction TechEnterprise SoftwareIoTSaaSCambridge, US

Matthew Kleiman(Founder)inAlexander Chmelev(Director)Joshua Kanner(Director)Mark Litke(Director)Brian Panoff(Director)Curtis Rodgers(Director)

Co-investorsAlumni VenturesBrick Mortar VenturesAramco VenturesCastor Ventures

Cumuluscumulus.comin

Cumulus Media is an audio-first media company operating 380 radio stations across 84 U.S. markets, distributing nationally-syndicated sports, news, talk, and entertainment content through the Westwood One network and the Cumulus Podcast Network.

Media & EntertainmentAtlanta, US

Mary Berner(President & CEO)in

Co-investorsCrestview PartnersBrick Mortar Ventures

DexMatdexmat.comin𝕏

DexMat produces Galvorn, an advanced carbon material that combines high electrical and thermal conductivity with strength, light weight, flexibility, and recyclability as an alternative to copper and other metals.

Advanced ManufacturingCleantechDeep TechNew MaterialsHouston, US

Matteo Pasquali(Director)inDmitri Tsentalovich(Co-Founder / CTO)inBryan Guido Hassin(CEO & Board Director)inJill Dupre(Executive Officer)inAsena Hertz(Executive Officer)in

BoardKent Lucas(Director)in

Co-investorsCapital FactoryCollaborative FundDraper AssociatesNon Sibi VenturesThird DerivativeAramco Ventures+2 more

Envoyenvoythere.comin𝕏Nov 2020 · $11M

Envoy provides electric vehicle rental and fleet services to property owners and communities, offering diverse EV options as an amenity to residents and employees.

CleantechMobility & TransportationPropTechCulver City, US

Drew Hopkins(President)

Co-investorsBuilding VenturesGoodyear VenturesGroundBreak VenturesR/GA Ventures

Envoyenvoyamerica.cominNov 2020 · $11M

Envoy America provides transportation and care coordination services for patients, older adults, and individuals with disabilities through partnerships with healthcare systems and senior living communities.

HealthtechLogistics & Supply ChainMobility & TransportationWellness & FitnessScottsdale, US

K.C. Kaanan(Co-founder and CEO)

Co-investorsCypress Growth CapitalFJ LabsMyelin VCService Provider CapitalAndreessen HorowitzBuilding Ventures+6 more

Envoyenvoyglobal.cominNov 2020 · $11M

Envoy Global provides immigration services and technology to help organizations manage global talent acquisition, including visa processing, work authorizations, and strategic compliance support.

Enterprise SoftwareHR TechLegalTechSaaS

Richard Burkein

Co-investorsPalladiumBuilding VenturesGoodyear VenturesGroundBreak Ventures

Extellisextellis.cominJul 2026

Extellis is developing satellite technology to deliver high-resolution (1 m) Earth imagery at industrial scale for remote monitoring applications.

Deep TechDefense TechHardwareSpace TechDurham, US

Jeffrey Ludwig(Executive Officer)Michael Boyarsky(Executive Officer, Director)in

BoardJustin Wright-Eakes(Director)inDavid Smith(Director)in

Co-investorsBlueLake.vcDuke Capital PartnersFirst Star VenturesOval Park Capital

GreenCom Networks AGgreencom-networks.comin𝕏Dec 2020acquired by Enphase Energy

The page describes IQ Energy Management, an energy optimization software that uses AI and machine learning to forecast household energy production and consumption, calculate optimal energy use, and control solar, battery, and grid energy systems for residential customers seeking cost savings or grid independence.

AI & Machine LearningCleantechEnergy

Co-investorsEnergy & Environment InvestmentGET FundMunich Venture PartnersSET VenturesCentrica

GridPointgridpoint.comin𝕏Mar 2022 · $75M

GridPoint develops building energy management and optimization technology for commercial buildings, aimed at reducing energy consumption, decarbonizing facilities, and supporting grid modernization.

CleantechClimate TechEnergyIoTSaaSArlington, US

Peter Corsell(Founder & Chairman (former CEO))Derek Booth(Chief Executive Officer)inKrupa Amlani(Fractional Chief Financial Officer)Tom Nelson(General Counsel & Senior Vice President)inMark Danzenbaker(Former CEO (2016-2025))inKate Gardella(SVP of Enterprise Growth & Success)

Co-investorsI Squared CapitalKensington Capital Partners LimitedMarunouchi Innovation PartnersNew Enterprise Associates (NEA)Samos InvestmentsFortress Investment Group+1 more

Husk Power Systemshuskpowersystems.comin𝕏Oct 2023 · $43M

Husk Power Systems operates a distributed energy resources (DER) platform that deploys solar and battery storage to deliver clean electricity to communities, commercial and industrial enterprises, and households across Africa and Asia.

CleantechClimate TechEnergyFort Collins, US

MANOJ SINHA(Executive Officer, Director)inBRAD MATTSON(Director)MARKUS WILKENS(Director)LOIC DE FONTAUBERT(Director)MONISOLA OLAREWAJU(Director)

BoardPRADEEP PURSNANI(Director)

Co-investorsDraper AssociatesCisco InvestmentsDraper Fisher Jurvetson (DFJ)FMOInternational Finance CorporationProparco

Innowatts, Inc.innowatts.cominJul 2017 · $18M

Innowatts offers an AI-powered SaaS platform that delivers energy load forecasting and customer insights for energy providers, including retail energy providers and utilities.

AI & Machine LearningEnergySaaSHouston, US

Siddhartha Sachdeva(Executive Officer, Director)in

Co-investorsEnergy & Environment InvestmentEnergy Impact PartnersEvergy Ventures

InstaFreightinstafreight.deDefunct

cargomotion is a road freight transportation software platform for logistics providers, connecting shippers, operators, and carriers through digital interfaces to help grow business, automate operations, and source carriers.

B2B MarketplacesLogistics & Supply ChainSaaSBerlin, DE

Gion-Otto Presser-Velder(Co-Founder)Markus Dötsch(Co-Founder & CTPO)inMaximilian Schäfer(Co-Founder & Managing Director)inPhilipp Ortwein(Co-Founder & Managing Director)in

Co-investorsRocket Internet SEEuropean Investment BankHeliad AG

Ionomrionomr.comin𝕏Jan 2022

Ionomr develops ion-exchange membrane and polymer materials for clean energy applications including fuel cells, hydrogen production, and energy storage.

CleantechDeep TechEnergyNew MaterialsVancouver, CA

Benjamin Britton, PhD.Bill Haberlin(CEO)in

Co-investorsAsahi Kasei Corporate Venture CapitalFinindusNGIF CapitalPallasite VenturesSAIC Technologies Fund II, LLCAmazon Alexa Fund+2 more

Kongsberg Digitalkongsbergdigital.cominJun 2023 · $90M

Falkor (formerly Kongsberg Digital) provides industrial intelligence platforms and digital twin technology for asset-intensive industries including oil & gas, renewables, utilities, and chemicals.

Advanced ManufacturingAI & Machine LearningIoT

Co-investorsIdékapital

Li Industriesli-ind.comMay 2024 · $36M

LI-IND develops patent-protected, closed-loop production technology for making low-cost, high-performance battery materials.

Circular EconomyCleantechEnergyNew MaterialsPineville, US

Zheng Li(Mr. Li is the Chief Executive Officer of the Issuer.)inDr. Li(Founder & primary inventor)Gholamali Farhadi(Mr. Farhadi is the Chief Operating Officer of the Issuer.)"Xu ""Henry""" Han(Mr. Han is the Chief Financial Officer of the Issuer.)Nolan Schmidt(Mr. Schmidt is the Chief Strategy Officer of the Issuer.)David Young(Mr. Young is the Chief Technology Officer of the Issuer.)

Co-investorsBosch VenturesDnx VenturesLG Technology VenturesRobert Bosch Venture CapitalTechEnergy VenturesAmazon Alexa Fund+5 more

Mantelmantel.com

Mantel is an online retailer of cycling products including bikes, helmets, wheels, and related gear and accessories.

E-commerceRetail Tech

Co-investorsCourtside VenturesAzimut InvestmentsConstellation Technology VenturesEni Next

Mantelmantelcapture.cominSep 2024

Mantel Capture, Inc. appears to operate in process engineering and commissioning, with roles referencing boilers, licensing, and research; the page itself provides no explicit statement of the company's product or market.

CleantechClimate TechNew MaterialsCambridge, US

Cameron Halliday(Co-founder & CEO)inDanielle Rapson(Co-founder & COO)inDanielle Colson(Cofounder)inSean Robertson(Co-founder & CTO)inHoosiweng Ow(Director)

BoardHooisweng Ow(Director)

Co-investorsAlumni VenturesAOKI LABSEni NextNew Climate VenturesThe Engine VenturesArosa Ventures+6 more

MOL Switchmolswitch.earthinJan 2026

Molswitch develops and scales next-generation energy solutions, transport and storage infrastructure, and carbon dioxide removal technologies for hard-to-abate emissions.

CleantechClimate TechEnergySector AgnosticCalifornia, US

Tomoaki Ichida(CEO)in

Co-investorsClean Energy Ventures

Offgridoffgrid.financeinSep 2025 · $15M

Offgrid.finance provides inventory financing to businesses, offering USD loans with risk assessments and loan agreements turned around within 24 hours based on the borrower's credit profile.

FintechLondon, GB

Paulina Sokolova(Founder)inTim Chambers(Founder)in

Co-investorsAnkur CapitalCarbon13Rockstart

Openbayopenbay.comin𝕏Jun 2018

Openbay is an online marketplace for automotive repair and maintenance, letting car owners describe a needed service, compare shops on price, location, reviews, and availability, and book appointments.

ConsumerMarketplacesMobility & Transportation

Rob Infantino(Founder)in

Co-investorsGV (Google Ventures)Raptor GroupStage 1 Ventures

Ravinravin.aiinMay 2023 · $4M

RAVIN provides AI-powered vehicle inspection and damage assessment software for insurance claims processing, enabling faster claim decisions through automated photo capture and analysis.

AI & Machine LearningInsurTechAustin, US

Eliron Ekstein(Founder)in

Co-investorsFraser McCombs CapitalPICO Venture PartnersSpark Capital

Rocsolerocsole.comin𝕏

Rocsole develops hybrid process flow management systems and software with sensor technology for safety-critical and pollution-challenged industries.

CleantechDeep TechEnergyEnterprise SoftwareIoTKuopio, FI

Co-investorsRepsol Energy Ventures

Sensesense.educationin𝕏May 2022 · $105M

Sense Education is an AI-driven assessment platform that analyzes student submissions and provides educators with personalized feedback at scale.

AI & Machine LearningEdTechSaaS

Ronen Tal Botzer(Founder)inSeth Haberman(CEO)inEmily Becher(Co-CEO)

Co-investorsY CombinatorImagine K12Mindset VentureBlue Earth Capital AGCapricorn Investment GroupEnergy Impact Partners+5 more

sonnensonnen.dein

sonnen builds home energy systems centered on the sonnenBatterie storage unit, along with EV chargers, electricity tariffs, heat pump integration and an app for managing solar energy production and consumption.

CleantechEnergyHardware

Co-investorseCAPITAL ENTREPRENEURIAL PARTNERSeCapital Entrepreneurial Partners AGGET FundInven CapitalMunich Venture PartnersSET Ventures

sonnensonnengroup.com

Sonnen provides intelligent energy storage systems, virtual power plants, and clean electricity solutions for residential customers globally.

CleantechEnergyHardwareGermany, DE

Co-investorsMunich Venture Partners

Spiffygetspiffy.comin𝕏

Spiffy operates a mobile automotive service platform, providing dealers and OEMs with software, van upfits, connected diagnostic devices, and training to launch and scale mobile car service operations.

HardwareMobility & TransportationRetail TechSaaSSan Marcos, US

Karl Murphy(CEO & Co-founder)in

Co-investorsEdison PartnersElevate Innovation PartnersFlucas VenturesGoodyear VenturesGray VenturesService Provider Capital+8 more

Statiq.statiq.inin𝕏Feb 2026 · $18M

Statiq operates an electric vehicle charging network across India, UAE, and Nepal, providing AC and DC chargers for residential, commercial, and highway locations.

Advanced ManufacturingClimate TechEnergyIoTMarketplacesSaaSGurugram, IN

Akshit Bansal(Founder)inRaghav Arora(Founder)in

Co-investorsY CombinatorAsymmetry VenturesEmles Venture PartnersTenacity VenturesUtopian VenturesVentureSouq+5 more

Supercritical Solutionssupercritical.solutionsin𝕏

Supercritical develops a high-pressure, efficient electrolyser technology for producing green hydrogen, enabling industrial transition away from fossil fuels.

CleantechClimate TechDeep TechEnergy

Matt Bird(Co-founder)inMike Russ(Co-founder)in

Co-investorsAlumni VenturesBlackfinch VenturesDeep Science VenturesEarth Venture CapitalGlobal BrainLowercarbon Capital+1 more

Tenacity Venturestenacity-ventures.webflow.ioFeb 2026 · $18M

Tenacity Ventures is an early-growth stage venture capital firm, investing around Series B in deep-tech companies across software, biotechnology and life sciences, next-generation hardware, advanced materials, and renewable energy.

Deep Tech

Co-investorsTenacity VenturesExfinity VenturesInflexor VenturesMassMutual VenturesY Combinator

Verdagyverdagy.cominAug 2023

Verdagy develops water electrolysis systems for producing zero carbon intensity green hydrogen, using a patented single-cell architecture that pairs in real time with variable renewable energy sources.

CleantechEnergyHardwareMoss Landing, US

Ryan Gilliam(Director)inMarty Neese(Executive Officer, Director, Promoter)inRahul Bammiin

BoardRajesh Swaminathan(Director)inAnil Achyuta(Director)in

Co-investorsOrbia VenturesTDK VenturesTGVPYara Growth VenturesBHP VenturesEnergy Impact Partners+2 more

ZeroAvia x-tech-roboticszeroavia.comin𝕏

ZeroAvia develops hydrogen-electric powertrain technology for aircraft, aiming to enable zero-emission aviation.

CleantechClimate TechDeep TechMobility & TransportationHollister, US

Valery Miftakhov(Executive Officer, Director, Promoter)Sergey Kiselev(Director)inJames McMicking(Chief Strategy Officer)in

BoardGeoff Eisenberg(Director)inMatt Eggers(Director)inChristine Ourmieres-Widener(Director)

Co-investorsAlumni VenturesAP VenturesBreakthrough Energy VenturesDniproEcosystem Integrity FundHorizons Ventures+9 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Envoy TechnologiesGet SpiffyPrinceton NuEnergy

Exits · 1

1 acquisitions

GreenCom Networks AGacq. by Enphase Energy

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Shell Ventures made?
Shell Ventures has 50 tracked investments, 1 of which have exited, including 7 dated in the last 24 months.
What stage does Shell Ventures invest at?
Shell Ventures invests at the Seed, Series A, Series B, Series C, Growth stages.
What sectors does Shell Ventures focus on?
Shell Ventures focuses on Advanced Manufacturing, Climate Tech, Energy, Mobility & Transportation.
Where is Shell Ventures located?
Shell Ventures is headquartered in London, GB.

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