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.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia