Shell Ventures is the corporate venture capital arm of Royal Dutch Shell plc, investing globally in innovative technology companies and business models that support mobility and power transformation.
Portfolio
5
companies
i6 Group
i6 Group builds digital fuel management technology for the aviation industry.
Bumper
Bumper offers interest-free payment instalments for vehicle service and repair bills.
Brill Power
Brill Power develops intelligent battery management systems to improve energy storage and vehicle performance.
Humn
Humn builds real-time, data-driven insurance platforms for commercial motor fleets.
Drover
Digital car retailer offering a flexible subscription platform for vehicle ownership.
Iryna Gryhorenko
Investment Director
Amory Poulden
Venture Principal
The Series B round was led by Yttrium to fund international expansion and technology development.
"This round reflects the strong momentum behind our technology and the measurable results it is delivering for customers worldwide. With the new funding, we can expand our footprint faster and continue shaping the future of digital fuel management."
The financing round was led by Autotech Ventures with participation from several prominent automotive and mobility funds.
"A sudden repair bill can hit families hard,"
The financing round was led by Autotech Ventures to accelerate the firm expansion across European markets.
"We want to be the dominant payment platform for car dealers across Europe. We’ll do it by providing a no-brainer solution, one that gives their customers the ultimate flexibility in making the necessary payments to keep their cars on the road. We are proud of the growth journey we have been on over the last 9 years and the endorsement of investment from InMotion Ventures and Porsche is a hugely positive moment for the business."
The funding will support team growth and product development for energy storage and electric vehicles.
"As we grow our climate and clean energy platform, investing in Brill Power is an exciting move into energy storage technologies that are crucial to enable an increase of renewables on the power grid, electrification of transport, and to power our homes, businesses and key infrastructure. Through extended lifetimes, improved safety, and waste reduction, Brill Power’s work is setting a new standard for how to store and use clean power to accelerate progress to our net zero emissions goals."
The investment round was led by BXR Group and Shell Ventures to support product development and international expansion.
"This investment adds the fuel to power our scaleup phase. We have built the data moat and unique tech IP stack to fundamentally change commercial fleet insurance. Our goal now is to deliver exponential commercial growth of our MGA in the UK and select EU territories as well as advance our mission to deliver the first commercial wrapped Autonomous Vehicle insurance policy with our AV developer partners."
The London insurtech has drawn backing from Shell Ventures and Marbruck Investments to drive domestic and international growth.
"Partnering with Shell Ventures brings not only fresh capital, but also an investor with a thriving global connected fleet business and expertise to share. We are looking forward to working with Shell and bringing our class-leading motor fleet insurance product with explainable exposure-based pricing to an even wider audience"
Shell Ventures joins the Series B round, lifting total funding announced this year to £22.8m.
"Since founding in 2016, Drover has evolved and grown into a serious contender in the UK car retail market, and is quickly scaling in France. Our car-as-a-service proposition, with no large downpayment and one flat monthly fee including all the car's bills, has proven remarkably resilient in 2020, with record revenues in Q2 and Q3. Partnering with Shell will only strengthen our position as the leading flexible ownership model, in the UK and beyond"
