What investment strategy does Michelin Ventures focus on?

Michelin Ventures focuses on VC strategies in the private equity space.

How many portfolio companies does Michelin Ventures have?

Michelin Ventures has 5 active portfolio companies and 2 completed exits and 1 fund tracked on GP Intel.

Where is Michelin Ventures headquartered?

Michelin Ventures is headquartered in CLERMONT-FERRAND, France.

What is Michelin Ventures's assets under management?

Michelin Ventures manages approximately €30M in assets under management.

When was Michelin Ventures founded?

Michelin Ventures was founded in 2015.

What sectors does Michelin Ventures invest in?

Michelin Ventures invests across TMT, Industrials, Healthcare.

What are Michelin Ventures's recent exits?

Recent realized exits by Michelin Ventures include: Nexar (2026) to Nauto / Empiric Earth; SmartDrive Systems (2020) to Omnitracs.

Home/GPs/Michelin Ventures

DetailCard

Michelin Ventures

CLERMONT-FERRAND, France·Founded 2015·

Venture Capital

·michelin.com

Michelin Ventures is the corporate venture capital arm of Michelin (CAC 40 mobility, sustainable products and tire group headquartered in Clermont-Ferrand, France), founded 2015 after a 2011-2014 pilot phase. It deploys €25-30M annually from the corporate balance sheet into early- and growth-stage companies in mobility, alternative materials, hydrogen, biotechnology and sustainability tech, with an active partnership rather than purely financial mandate (technology integration, manufacturing partnerships, board seats).

AUM

€30M

Funds

vintages 2015

Portfolio

Exits

Michelin Ventures is a CLERMONT-FERRAND venture capital firm with €30M AUM, 5 active companies and 2 exits.

SectorsTMT Industrials Healthcare

Sector breakdown

7 companies

Industrials

3 · 43%

Mobility

2 · 29%

Biotech

1 · 14%

Deep Tech

1 · 14%

Geography breakdown

5 geographies

France

2 · 29%

Israel

1 · 14%

Canada

1 · 14%

Sweden

1 · 14%

Key facts

HQCLERMONT-FERRAND, France

Founded2015

Websitemichelin.com

Recent exits

Michelin Ventures sold Nexar to Nauto / Empiric Earth in 2026 after 3 years.

Michelin Ventures sold SmartDrive Systems to Omnitracs in 2020 after 3 years.

Coverage notes

1 fund tracked, 7 portfolio companies (5 active · 2 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Michelin Ventures has raised, with its portfolio companies. Hand-checked from public filings.

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

Michelin Ventures

VC2015€30M5 assets2 exits

2015 · 11yr

€30M

Unrealized

5 held

Company	Entry
Carbios Industrials · France	2019
DMC Biotechnologies Biotech · US	2021
Primo1D Deep Tech · France	2019
Pyrowave Industrials · Canada	2020
Scandinavian Enviro Systems Industrials · Sweden	2020

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
Nexar Mobility · Israel	2023	2026	Trade Sale	Nauto / Empiric Earth	–
SmartDrive Systems Mobility · US	2017	2020	Trade Sale	Omnitracs	–

About Michelin Ventures

Michelin Ventures is the corporate venture capital arm of Michelin (CAC 40 mobility, sustainable products and tire group headquartered in Clermont-Ferrand), founded in 2015 after a 2011-2014 pilot phase with €30 million annual deployment from the corporate balance sheet. The platform invests in mobility, materials and sustainability technology startups aligned with Michelin's strategic priorities.

Investment thesis

Michelin Ventures targets European and global startups across mobility innovation (autonomous vehicles, EV infrastructure, fleet management), advanced materials (sustainable materials, composites), sustainability technology and selective adjacent industrial technology verticals. The corporate VC structure provides strategic relationships with Michelin business units supporting portfolio company commercial development across global mobility and tire markets.

Recent activity

The platform tracks a single dedicated corporate vehicle, 3 active portfolio companies and 1 realised exit across the Michelin corporate VC programme. The annual €25-30 million deployment cadence supports patient venture investment aligned with multi-year industrial technology innovation cycles.

Frequently asked questions

What investment strategy does Michelin Ventures focus on?: Michelin Ventures focuses on VC strategies in the private equity space.
How many portfolio companies does Michelin Ventures have?: Michelin Ventures has 5 active portfolio companies and 2 completed exits and 1 fund tracked on GP Intel.
Where is Michelin Ventures headquartered?: Michelin Ventures is headquartered in CLERMONT-FERRAND, France.
What is Michelin Ventures's assets under management?: Michelin Ventures manages approximately €30M in assets under management.
When was Michelin Ventures founded?: Michelin Ventures was founded in 2015.
What sectors does Michelin Ventures invest in?: Michelin Ventures invests across TMT, Industrials, Healthcare.
What are Michelin Ventures's recent exits?: Recent realized exits by Michelin Ventures include: Nexar (2026) to Nauto / Empiric Earth; SmartDrive Systems (2020) to Omnitracs.