Mirova, 3i Group and Banque des Territoires, three key investors in NEoT Green Mobility (NGM), have agreed to invest alongside NGM’s historic shareholder, EDF Pulse Ventures. The trio has agreed to invest together an additional €60 million ($64 million) in equal portions to fund a significant pipeline of projects.
This follows a first significant funding round in September 2021, which allowed NGM to become a €100 million ($107 million) platform for zero-emission mobility, and propels NGM to reach a €160 million ($170 million) platform. With this additional investment, NGM targets a €500 million ($533 million) asset base committed by 2025.
“We have been an early investor in NEoT Green Mobility back in 2017,” said Gautier Chatelus, deputy head for mobility at Banque des Territoires. “By committing additional funding to NGM alongside 3i Group and Mirova on NGM’s board, we strengthen our commitment to roll out green mobility assets in the context of our i