188 views
Photo from ComfortDelGro

ComfortDelGro invests $5.7m in VC impact fund focused on sustainable mobility

The company is the fund’s first strategic investor in South East Asia.

ComfortDelGro Corporation became Shift4Good’s first strategic investor in South East Asia after investing $5.7m (€4m) in the global independent venture capital impact fund.

The company also joins Renault Group as amongst Shift4Good’s strategic investors.

The company made the investment through its  US$100m venture capital fund.

Shift4Good, which focuses on sustainable mobility, intends to play an active role in financing and supporting the most promising European and South East Asian start-ups with solutions aimed at decarbonising the transportation industry. 

ComfortDelGro will look at promising start-ups identified by the fund and make investments through the fund or separately.

“We are excited to be a part of Shift4Good which, we believe, will accelerate the drive for sustainable mobility through its strong ecosystem. We look forward to gaining access to promising start-ups with ground-breaking solutions for the future of mobility through this very innovative investment fund.” ComfortDelGro’s Managing Director/Group CEO, Cheng Siak Kian, said.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!