Four of France’s largest companies have set up a €30m ($40m) corporate venturing fund to invest in sustainable transport start-ups.
State-owned rail company SNCF, oil major Total, mobile phone operator Orange and car maker PSA Peugeot Citroën founded Ecomobilité Ventures, which will be headed by SNCF’s Fabienne Herlaut.
Manoelle Lepoutre, executive vice-president of sustainable development and the environment at Total, said: "This is the first time that four major market-leaders have pooled their expertise to support innovative young enterprises. It’s a novel…
