Investments
150Portfolio Exits
14Partners & Customers
5Latest Shell Ventures News
Jun 30, 2022
"Securing the first closing of our Series A ensures delivering on value-enhancing growth options already secured by Statiq, as we set out to build India's leading EV charging services company," Statiq Co-Founder and CEO Akshit Bansal said Electric vehicle charging network startup Statiq on Thursday said it has raised USD 25.7 million (over Rs 200 crore) in a funding round led by Shell Ventures. Source:Website/Reuters Electric vehicle charging network startup Statiq has raised USD 25.7 million (over Rs 200 crore) in a funding round led by Shell Ventures, the company said in a statement. The company will use the Series A funding to primarily invest in product engineering and network infrastructure, Statiq said in a statement. The Series A investment will aid in accelerating efforts to scale and realise value from contract portfolio, by investing in product engineering and network infrastructure as well as reinforcing the core team, it added. "Securing the first closing of our Series A ensures delivering on value-enhancing growth options already secured by Statiq, as we set out to build India's leading EV charging services company," Statiq Co-Founder and CEO Akshit Bansal said. He further said, "Shell and Statiq share a vision of actively driving the transformation towards sustainable modes of transport. Gaining Shell Ventures as an investor is a major milestone for Statiq." See Zee Business Live TV Streaming Below: With an aim to provide an end-to-end ecosystem for EV chargers, Statiq said it has recently teamed up with Hero Electric and also collaborated with EV maker Ather, to enhance the combined EV charging network in the northern states of India. Closing this important round of funding is the next step to consolidate the company's own processes, the statement said. "Statiq will be able to tap into a wealth of operational excellence, as well as accelerate working towards quality, safety and environmental standards that are second to none by closely cooperating with Shell group experts as we grow," Statiq Co-Founder and CTO Raghav Arora said. With this funding, he added, "We plan to rapidly scale our business while continuing to invest further in technology, innovation and product development." On its investment in the start-up, Shell Ventures Chief Investment Officer Robert Linck said, "With its consumer-centric approach, we believe Statiq is on-track to lead the EV charging experience in India. Our investment in Statiq stands for our belief in their potential and our shared ambition to accelerate the electrification of mobility solutions." PTI RKL
Shell Ventures Investments
150 Investments
Shell Ventures has made 150 investments. Their latest investment was in CHOOOSE as part of their Seed VC - II on June 6, 2022.
Shell Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
6/29/2022 | Seed VC - II | CHOOOSE | $3.5M | Yes | 1 | |
6/23/2022 | Series A | Statiq | $25.7M | Yes | 4 | |
6/7/2022 | Series C | Zap Energy | $160M | Yes | 3 | |
5/12/2022 | Seed VC | |||||
5/10/2022 | Series A |
Date | 6/29/2022 | 6/23/2022 | 6/7/2022 | 5/12/2022 | 5/10/2022 |
---|---|---|---|---|---|
Round | Seed VC - II | Series A | Series C | Seed VC | Series A |
Company | CHOOOSE | Statiq | Zap Energy | ||
Amount | $3.5M | $25.7M | $160M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 4 | 3 |
Shell Ventures Portfolio Exits
14 Portfolio Exits
Shell Ventures has 14 portfolio exits. Their latest portfolio exit was AutoGrid on May 11, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
5/11/2022 | Acquired | 5 | |||
11/4/2021 | Reverse Merger | 8 | |||
11/2/2021 | Corporate Majority | 8 | |||
Date | 5/11/2022 | 11/4/2021 | 11/2/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | Reverse Merger | Corporate Majority | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 5 | 8 | 8 |
Shell Ventures Partners & Customers
5 Partners and customers
Shell Ventures has 5 strategic partners and customers. Shell Ventures recently partnered with Tokyo Gas on June 6, 2019.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
6/18/2019 | Client | Japan | Tokyo Gas And GS Energy to receive world’s first Carbon neutral LNG cargoes from Shell GS Energy and Tokyo Gas have signed an agreement with Shell Limited for delivery of one cargo each of carbon neutral liquefied natural gas . | 1 | |
10/12/2017 | Partner | ||||
6/29/2012 | Vendor | ||||
7/3/2011 | Partner | ||||
1/11/2011 | Partner |
Date | 6/18/2019 | 10/12/2017 | 6/29/2012 | 7/3/2011 | 1/11/2011 |
---|---|---|---|---|---|
Type | Client | Partner | Vendor | Partner | Partner |
Business Partner | |||||
Country | Japan | ||||
News Snippet | Tokyo Gas And GS Energy to receive world’s first Carbon neutral LNG cargoes from Shell GS Energy and Tokyo Gas have signed an agreement with Shell Limited for delivery of one cargo each of carbon neutral liquefied natural gas . | ||||
Sources | 1 |
Shell Ventures Team
3 Team Members
Shell Ventures has 3 team members, including current Chief Information Officer, Robert Linck.
Name | Work History | Title | Status |
---|---|---|---|
Robert Linck | Chief Information Officer | Current | |
Geert Van de Wouw | Managing Director | Current | |
Evert K. | Controller | Former |
Name | Robert Linck | Geert Van de Wouw | Evert K. |
---|---|---|---|
Work History | |||
Title | Chief Information Officer | Managing Director | Controller |
Status | Current | Current | Former |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.