BNP Paribas Asset Management (BNPP AM) said it has raised €150 million (US$166 million) for its BNP Paribas Solar Impulse Investment Fund (BNPP SIVF), which focuses on investing in cleantech startups that beneficial to the health of the environment, biology and the environment. auxiliary focus switch. The fund, established in 2021 in collaboration with the Bertrand Picard Solar Impact Foundation, intends to invest in 15 to 20 startups across Europe and North America. Targeted sectors include energy transition, sustainable agriculture and food, circular economy, water and ocean management, smart cities, sustainable mobility and industrial innovation. The fund was initially funded with 75 million euros from BNP Paribas and has since been opened to third-party investors, including investors, institutional investors and family offices.
The capital in this fund is 200 million euros. So far, five investments in companies such as NatureMetrics (biodiversity measurement and monitoring provider), Phenix (circular economy scale), Axioma (biosolutions startup), Hello Watt (energy innovation) have been made . and Chemix (a GenAI-based battery design company). BNPP AM expects the final closing of the fund by the end of the year. David Buchosha, head of private equity at BNPP AM, emphasized the willingness of financial investors to support clean technology companies and contribute to climate change. Yann Lagalaye, Managing Partner of the BNP Paribas Solar Impulse Venture Fund, expressed the fund’s commitment to support climate technology companies to accelerate their growth and impact on the environmental transition.