Total Carbon Neutrality Ventures: Working Hand in Hand with Start-ups

11/18/2019

Total Carbon Neutrality Ventures Team (TCNV)

Total Ventures has been renamed Total Carbon Neutrality Ventures. The venture capital fund, which is fully dedicated to carbon neutrality, will have an investment capacity of $400 million within five years. Based in Europe and the United States, the team headed by Girish Nadkarni supports global start-ups working in areas such as innovative technologies and solutions that contribute to carbon neutrality.

Total Carbon Neutrality Ventures is the Group’s venture capital arm for energy start-ups. Its investments support start-ups that are developing innovative technologies and solutions, which help companies reduce their energy consumption or the carbon intensity of their activities in areas such as smart energy, energy storage, smart mobility, bioplastics and recycling.

The Total Carbon Neutrality Ventures fund will fully support Total’s ambition to become the responsible energy major. It will allow us to expand the reach of our low-carbon businesses beyond our own borders,” said Patrick Pouyanné, Chairman and Chief Executive Officer of Total SA, sharing the Group’s ambition to promote and collaborate with start-ups across the world.

As part of Total’s commitment to better energy, Total Carbon Neutrality Ventures finds, funds and fosters start-ups with high innovation potential in the low-carbon energy sector, with the help of a dedicated business development team.

The TCNV fund already operates throughout the world, giving a real boost to start-ups that are closely aligned with our businesses by helping them grow.

Read more on total.com