Cash fund dedicated to sustainable mobility

Four European heavyweight companies have come together to fund innovative solutions toward sustainable mobility. SNCF, Orange, PSA Peugeot Citroën and Total have formed Ecomobilité Ventures, which will use €30 million […]

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By Tom Gibson

Four European heavyweight companies have come together to fund innovative solutions toward sustainable mobility.

SNCF, Orange, PSA Peugeot Citroën and Total have formed Ecomobilité Ventures, which will use €30 million to invest in young companies. The company will target European companies in the start-up or development stage and will support them over the long term.

Vivek Badrinath, Executive Vice President of Enterprise Communication Services at Orange said: “Mobility is integral to the challenges facing our society today. Information and communication technologies are a vital lever for optimising travel and energy resource management.”