Plastic Omnium has committed capital to a $280m fund being raised by Aster Capital, which already counts Alstom, Solvay and Schneider Electric as backers.
Plastics manufacturing group Plastic Omnium invested an undisclosed sum in a €240m ($280m) fund being raised by multi-corporate venturing firm Aster Capital yesterday.
Aster Capital focuses on energy, advanced materials, smart transportation and the internet of things, and manages funds backed by corporates including train manufacturer Alstom, chemicals producer Solvay and energy management equipment maker Schneider Electric.
The fund will target companies developing technologies around energy transition and future mobility, and will particularly seek to identify opportunities in Europe and…
