Ecomobilité Ventures, a France-based multi-corporation-sponsored venture capital (VC) firm, has struck its first three deals.

The VC firm said it had invested €5m ($7m) in total in the three companies: Move About, EZ‐Wheel and Zilok Auto.

Ecomobilité raised a €25m fund earlier this year from train operator SNCF, phone operator France Telecom-Orange and oil major Total. Car maker PSA Peugot Citroen had originally been part of the fund but pulled out.

Ecomobilité invested €2m in Move About, a Norway-based electric…

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