Est. 1998 as first corporate VC in oil/gas. 28-person team incl. 7 partners. 199 investments across Energy Tech, Sustainability Tech, High Tech. 2 unicorns (Palmetto, Ample); 2 IPOs (Aurora, Cazoo); 14 acquisitions incl. Innowatts (Sep 2025). Notable: WtEnergy, DexMat, Ammobia. Co-invests with Evergy Ventures. Value-add: active board engagement, tech deployment pathways.
Investment Focus
Investment Thesis
Avg. check sizes: Series A $11.8M, Series B $28.4M. Invests in energy, mobility, emissions management, digital infrastructure, resource management. Series A & B preference. Early-stage focus on power, mobility, emission mgmt, digital, resources. Minority equity positions. Deployment value via Shell business unit commercial engagements critical. Strategic synergy-focused; avoids: consumer-facing hydrogen fueling (exited CA market 2024), non-deployable tech.
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