Company has funds available for sustainable mobility

SNCF, Orange, PSA Peugeot Citroën and Total have created Ecomobilité Ventures, Europe’s first investment structure led by a group of industrial companies dedicated to sustainable mobility.

Around €30m (£26m) will be made available to develop young companies.

Ecomobilité Ventures will acquire minority interests in European companies in the start-up or development stage and will support them over the long term.

The segments targeted are sustainable mobility products, services and technologies and mobility-related clean technologies.

The fund will invest in young companies offering solutions to the various issues in these areas.

Companies will have to demonstrate their ability to be profitable on a standalone basis by leveraging a solid business model, as well as their potential to become leaders in their market segments.