Shell
London, United KingdomFounded 1996
Shell Ventures is the corporate venture capital arm of Shell, established in 1996 as one of the first corporate venture funds in the oil and gas industry. It invests in start-ups and scale-ups developing technologies to accelerate the energy transition, with focus areas including renewable energy, mobility, emission management, and digital technologies.
44% of their portfolio is in Climate & Energy. Average disclosed round size is $48.9M (across 97 rounds with reported amounts).
Portfolio
92
Fund Size
$1.4B
Top Stage
Series A
Last 12 Mo
6
Team
Bilal Ahmad
Venture Principal
Muye Li
Venture Principal
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
135 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Extellis | Seed | — | Jul 2026 |
 LanzaJet | Growth | $135M | Feb 2026 |
| WWaste to Energy Advanced Solutions (WtEnergy) | Growth | — | Feb 2026 |
 Ammobia | Seed | $7.5M | Jan 2026 |
 ElectronX | Series A | $30M | Nov 2025 |
 Avnos | Unknown | — | Nov 2025 |
 Bumper | Series B | — | Aug 2025 |
 Gridpoint | Growth | $45M | Mar 2025 |
| ElectronX | Strategic | $10M | Feb 2025 |
 Origen | Series A | $13M | Jan 2025 |
 Origen | Series A | $13M | Jan 2025 |
 Alt Mobility | Series A | $10M | Nov 2024 |
 EarthOptics | Series C | — | Nov 2024 |
 Zap Energy | Series D | $130M | Oct 2024 |
 Mantel | Growth | — | Sep 2024 |
 Sunswap | Unknown | — | Aug 2024 |
 Li Industries | Series B | $36M | May 2024 |
 AiDash | Series C | — | Apr 2024 |
| Alt Mobility | Seed | $6M | Jan 2024 |
 Cartken | Series B | $10M | Jan 2024 |
| Avnos | Series A | $35M | Jan 2024 |
 MIRICO | Seed | $2M | Jan 2024 |
 Fresh Bus | Series A | $10.5M | Jan 2024 |
| LLogicLadder | Series A | $2.5M | Jan 2024 |
| Li Industries | Series B | $86M | Jan 2024 |
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Top Co-Investors
Chevron Technology Ventures10 shared
Energy Impact Partners8 shared
Lowercarbon Capital8 shared
Khosla Ventures7 shared
Breakthrough Energy Ventures7 shared
Barclays7 shared
Prelude Ventures6 shared
Alumni Ventures6 shared
Barclays Climate Ventures5 shared
Systemiq Capital5 shared
Equinor5 shared
SKY VC5 shared
Lightspeed Venture Partners4 shared
bp ventures4 shared
Techstars4 shared
iRobot4 shared
Capricorn Investment Group4 shared
Toyota Ventures4 shared
International Airlines Group4 shared
Last updated: 20 October 2026