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Since 2020, TotalEnergies Carbon Neutrality Ventures has backed 3 African startups across 3 disclosed funding rounds totaling $16.6M, most heavily in Nigeria and Energy & Utilities.
TotalEnergies Carbon Neutrality Ventures is the corporate venture capital arm of TotalEnergies, focused on start ups and funds that contribute to carbon neutrality and the decarbonization of the energy sector. It is part of the TotalEnergies group and operates with teams based in Europe and the United States, supporting innovators globally. The entity is legally registered in France, with its registered office at La Défense, 2 Place Jean Millier, 92400 Courbevoie. In Africa, TotalEnergies Carbon Neutrality Ventures has participated in early stage and growth investments, including seed and Series B rounds. Based on available investment records, it has backed companies in Nigeria, Kenya, and South Africa, with a total of three funding rounds between June 2020 and April 2021. These investments cover energy and utilities, marketing and CRM, and travel and mobility, illustrating a focus on business models that can enable cleaner, more efficient energy use and improved access to services. Within this activity, TotalEnergies Carbon Neutrality Ventures has invested in SHYFT Power in Nigeria, Angaza in Kenya, and LULA in South Africa. These portfolio companies work on distributed energy sub metering and billing, sales and PAYGo management for distributors, and technology enabled employee transport and group charters. Together, they reflect the fund’s interest in scalable, technology driven solutions that support energy access, efficiency, and sustainable mobility in African markets.
Data updated · Jul 29, 2026
TotalEnergies Carbon Neutrality Ventures has backed 3 African startups across 3 disclosed funding rounds tracked on Liners, totaling $16.6M since 2020.
Mostly Seed: 2 of its 3 tracked rounds are at that stage, followed by Series B (1).
TotalEnergies Carbon Neutrality Ventures's tracked rounds are concentrated in Nigeria (1), Kenya (1), South Africa (1).
Its tracked rounds lean toward Energy & Utilities (1), Marketing & CRM (1), Travel & Mobility (1).
TotalEnergies Carbon Neutrality Ventures most often shares rounds with Powerhouse Ventures (1 shared deal), SoftBank (1 shared deal), Third Sphere (1 shared deal).
TotalEnergies Carbon Neutrality Ventures is the corporate venture capital arm of TotalEnergies, dedicated to investing in start ups and funds that support carbon neutrality and decarbonization of the energy sector. It operates as part of the TotalEnergies group, with teams based in Europe and the United States and a global investment mandate.
Investment records show that TotalEnergies Carbon Neutrality Ventures has backed three African companies, SHYFT Power in Nigeria, Angaza in Kenya, and LULA in South Africa. These companies operate in distributed energy sub metering and billing, sales and PAYGo management for distributors, and technology enabled employee transport and group charters.