GCK announces the arrival of the Shift4Good fund to accelerate its industrial development
- GCK has just completed its third and largest funding round, with Shift4Good joining as a shareholder. Shift4Good is a leading impact investment fund focused on sustainable mobility and the circular economy of mobility sectors. The historic investors and the industrial group Motul have also increased their stakes.
- This operation reinforces GCK’s move to industrial scale, with five production sites today, and enables it to pursue its R&D investments and internationalization process.
- With over 300 employees and a target of 45 million euros in turnover by 2024, GCK is pursuing its strategic development and consolidating its position as a key player in the decarbonization of transport.
Lempdes, 17 September 2024 – GCK Group, a key player in decarbonized mobility, has just concluded an interim closing of its total fundraising round of nearly 50 million euros by welcoming Shift4Good to its capital. Shift4Good is the world’s first independent environmental impact venture capital fund dedicated to sustainable mobility.
Co-founded by Matthieu de Chanville, Sébastien Guillaud, Yann Marteil, and Thierry de Panafieu, four French investors with expertise in venture capital and mobility, Shift4Good is an independent French asset management company, approved by the AMF, with offices in Paris and Singapore.
GCK thus strengthens its shareholder base and secures the continuation of its development:
- Industrialization phase of its production, with now five production sites, including the one located in Cournon d’Auvergne dedicated to retrofitting heavy vehicles through its subsidiary GCK Mobility, which announced at the beginning of the year an order for 50 retrofitted coaches for the Auvergne-Rhône-Alpes Region.
- Development in R&D to offer its clients technological excellence in the fields of engines, batteries, and retrofitting.
- Acceleration of GCK’s internationalization process, following the announcement made at the 24 Hours of Le Mans to produce hydrogen combustion engines for the American market, with the signing of a partnership between Solution F and Saleen Automotive to supply a new dual-fuel hydrogen engine that will equip the future road supercar of the American manufacturer.
With a turnover target of 45 million euros in 2024 and over 300 employees, GCK strengthens its leadership position in the markets for developing and manufacturing innovative technologies for vehicle transformation and in green energy storage and supply.
Éric Boudot, President of GCK
Shift4Good’s commitment to GCK reinforces our momentum and demonstrates the solidity and relevance of our industrial development. By producing on an industrial scale and expanding internationally, GCK is asserting its grand ambitions. We thank our new partners Shift4Good, whose expertise in decarbonized mobility and circular economy will be invaluable in carrying out our projects.
»Sebastien Guillaud, co-founder and Managing Partner of Shift4Good:
The rapid decarbonization of transport requires a radical transformation of the existing vehicle fleet and an acceleration in the introduction of clean and ultra-high-performance technologies. Today more than ever, GCK’s expertise and vertical integration model are essential to offer innovative solutions to major manufacturers and equipment suppliers. GCK is a hypergrowth company, led by passionate individuals, seasoned industrialists, and enthusiasts of mechanics and new decarbonized technologies. We are proud to support Eric and his team in executing their ambitious Business Plan.
»ABOUT SHIFT4GOOD
Shift4Good is an impact venture capital fund focused on the decarbonization of the transportation sector. It aims to invest in the transport for goods and people, which alone accounts for around 20% of global CO2 emissions. Backed by top-notch institutional financial investors, but also major mobility players, Shift4Good has built a unique model to identify and support the best entrepreneurs, those capable of developing and deploying the radical innovations required by the climate emergency. Shift4Good has offices in Paris and Singapore.
GCK Press Contact
Eloi Formery
06 74 79 93 54 / presse.gck@taddeo.fr
