Veolia Invests €30 Million to Support the Development of Industrial Startups and Accelerate the Ecological Transformation in Europe
November 06 2024 - 3:42AM
Business Wire
Regulatory News:
On the occasion of the Smart City World Expo Congress of
Barcelona, Veolia (Paris:VIE) is announcing a €30 million
commitment to the Axeleo GreenTech Industry (GTI I) fund, aimed
at accelerating the ecological transformation of industry in
Europe. Veolia has joined forces with Bpifrance and Crédit
Mutuel Alliance Fédérale for this 1st closing.
Dedicated to financing the first factory of industrial startups
for ecological transformation in Europe, this fund, which aims
to raise €250m, will offer decisive support to around twenty
companies developing innovative technologies in strategic
sectors essential to ecological transformation in Europe, such as
energy (new renewable energies, storage, etc.), chemicals,
materials (biomaterials, plastics recycling, etc.), agriculture,
food and mobility (decarbonisation of air and sea transport,
etc.).
In addition to its financial participation, Veolia will use
its industrial expertise in the water, waste and local energy
sectors to speed up the identification of innovative companies
in the process of industrialisation, which in the future will
ensure the development and deployment of concrete and affordable
solutions to depollute, decarbonise and regenerate natural
resources.
This commitment is in line with Veolia's innovation priorities
and the Group's strategic plan, GreenUp, which aims to invest €200
million in industrial demonstrators and the acquisition of new
technologies.
“This investment in the Axeleo GreenTech Industry impact fund
underlines Veolia's support for industrial startups to accelerate
the ecological transformation in Europe. Fully aligned with our
GreenUp strategic programme and the Group's innovation priorities,
this investment alongside recognised players, Bpifrance and Crédit
Mutuel, marks our collective desire to accelerate the
implementation of innovative solutions to depollute, decarbonise
and regenerate resources throughout Europe,” said Estelle
Brachlianoff, CEO of Veolia.
"We are delighted with Veolia's decisive support, which
represents a major step forward - both in financial terms and in
terms of sharing expertise - for this Axeleo GreenTech Industry I
fund, and for the financing of Europe's first factory for green
transition industrial startups. This decision reinforces our
collective ambition, with the first industrial venture fund in
France, to contribute to the emergence of the green industrial
sectors of tomorrow” said Guillaume Sarlat, Venture Partner of
Axeleo capital.
▁▁▁
ABOUT VEOLIA
Veolia's ambition is to become the benchmark company for
ecological transformation. With nearly 218,000 employees on five
continents, the Group designs and deploys useful, practical
solutions for managing water, waste and energy that help to
radically change the world. Through its three complementary
activities, Veolia contributes to developing access to resources,
preserving available resources and renewing them. In 2023, the
Veolia group served 113 million people with drinking water and 103
million with wastewater services, produced 42 terawatt-hours of
energy and recovered 63 million metric tons of waste. Veolia
Environnement (Paris Euronext: VIE) generated consolidated sales of
€45.3 billion in 2023. www.veolia.com
ABOUT AXELEO CAPITAL
Axeleo Capital (AXC) is an Emerging independent early-stage VC,
trusted and backed by seasoned entrepreneurs and industry experts
across Europe, focusing on B2B software and Greentech startups.
With €285 million in assets under management (AuM), 4 successful
fund raises so far and 13 employees, the firm has made over 70
investments across the EU, and has achieved 18 successful exits
within the past 24 months. AXC provides a unique framework for
European early stage startups. It offers a comprehensive range of
support, including equity investments from seed to Series B stages,
operational guidance and strategic assistance. The firm boasts an
active ecosystem of more than 150 high-level partners, sector
experts and mentors who have been instrumental in numerous success
stories across Europe and the US.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241106042964/en/
VEOLIA PRESS RELATIONS VEOLIA Laurent Obadia -
Evgeniya Mazalova Anna Beaubatie - Aurélien Sarrosquy Tél.+ 33
(0) 1 85 57 86 25 presse.groupe@veolia.com
INVESTORS RELATIONS Selma Bekhechi - Ariane de
Lamaze Tel. +33 (0) 1 85 57 84 76
investor-relations@veolia.com
Veolia Environnement (EU:VIE)
Historical Stock Chart
From Oct 2024 to Nov 2024
Veolia Environnement (EU:VIE)
Historical Stock Chart
From Nov 2023 to Nov 2024
