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BNP PARIBAS MOBILITY: Arval and BNP Paribas Personal Finance invest in the Shift4Good fund to support tomorrow's mobility

Shift4Good, the largest independent venture capital fund dedicated to decarbonising the transport industry, proudly welcomes several BNP Paribas Group entities as new investors.

By investing in Shift4Good, Arval and BNP Paribas Personal Finance are supporting innovative start-ups looking to create more sustainable mobility solutions for the future.

Operating under the BNP Paribas Mobility banner and in line with the BNP Paribas Group’s strategic plan, Arval and BNP Paribas Personal Finance are actively contributing to the energy transition and the adoption of innovative mobility solutions.

Shift4Good is a venture capital fund dedicated to decarbonising the transport sector. Backed by prominent institutional financial investors and major mobility industry leaders, Shift4Good has built a unique model to identify and support entrepreneurs who develop and deploy innovative solutions for more sustainable mobility by promoting the reduction of CO2 emissions.

The fund's investors now include:
•    Arval, a major player in long-term vehicle leasing and that has expended its services to innovative mobility solutions (such as leased bikes, car-sharing, bike-sharing, and mobility passes), in line with its Arval Beyond strategic plan. This ambitious plan aims to integrate 350,000 battery electric vehicles (BEVs) into its fleet and achieve a 35% reduction in CO2 emissions by 2025. By the end of 2023, Arval had 166,000 leased BEVs in its fleet.
•    BNP Paribas Personal Finance, a major player in credit, financial leasing and mobility services in Europe, is committed to helping consumers to achieve more sustainable mobility. By the end of 2023, BNP Paribas Personal Finance and its entities had financed more than 4.5 million vehicles worldwide. By 2025, the mobility business will account for 50% of its financial commitments.

As part of the BNP Paribas Mobility initiative, Arval and BNP Paribas Personal Finance are supporting the Shift4Good fund with the aim of:
•    enhancing BNP Paribas Mobility's position as a pioneer in Europe by delivering innovative mobility solutions to its customers and partners through partnerships focused on energy transition, connected vehicles, electric mobility and digital applications to make journeys seamless.
•    making Shift4Good a key ally of BNP Paribas Mobility within the innovation ecosystem so as to anticipate trends, identify innovations with the potential to transform the market and meet consumer expectations.

Our investment in the Shift4Good fund underscores our determination to be a leading mobility player on the international scene. We have already established several partnerships with innovative mobility start-ups and are delighted to be contributing to this fund" says Hugo Salaun, Arval's Chief Strategy Officer. “By joining forces with BNP Paribas Personal Finance under the BNP Paribas Mobility banner, Arval is stepping up its efforts to achieve the objectives laid out in its strategic plan.

Through our BNP Paribas Mobility brand, this joint investment with Arval in a major fund supporting a more sustainable mobility in Europe and beyond perfectly aligns with our strategy to consolidate our role as a key player in the transformation of mobility. It is an opportunity to help accelerate the development and uptake of innovative practices so as to collectively make mobility more inclusive," adds Vincent Sussfeld, Chief Operating Officer and Head of Global Business Lines at BNP Paribas Personal Finance.

Matthieu de Chanville, Shift4Good co-founder and CEO adds: "After working successfully with BNP Paribas teams for eighteen months, Arval and BNP Paribas Personal Finance are sending out a strong signal through an investment that significantly strengthens our partnership via a collaborative approach with the various business lines, to jointly develop a more sustainable form of mobility".

SOURCE: BNP PARIBAS GROUP

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