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 1 completed exit 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.

Home/GPs/Michelin Ventures

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

SectorsTMT Industrials Healthcare

Key facts

HQCLERMONT-FERRAND, France

Founded2015

Websitemichelin.com

Recent exits

SmartDrive Systems

Mobility2020 · 3yr hold

Coverage notes

1 fund tracked, 6 portfolio companies (5 active · 1 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

6 companies

Industrials

3 · 50%

Mobility

2 · 33%

Biotech

1 · 17%

Funds & portfolio

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

1 fund

Michelin VenturesVC

2015 · 11yr€30M5 active · 1 realized

Unrealized

5 held

Company	Sector	Geo	Entry
Carbios	Industrials	France	2019
DMC Biotechnologies	Biotech	US	2021
Nexar	Mobility	Israel	2023
Pyrowave	Industrials	Canada	2020
Scandinavian Enviro Systems	Industrials	Sweden	2020

CarbiosActive

Industrials

France· Entry 2019

DMC BiotechnologiesActive

Biotech

US· Entry 2021

NexarActive

MobilityIsrael· Entry 2023

PyrowaveActive

IndustrialsCanada· Entry 2020

Scandinavian Enviro SystemsActive

Industrials

Sweden· Entry 2020

Realized

1 exit

Company	Sector	Geo	Entry	Exit	Type	Buyer	MOIC
SmartDrive Systems	Mobility	US	2017	2020	Trade Sale		–

SmartDrive SystemsExited 2020

Mobility

US· Entry 2017

Trade Saleto

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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. Detailed buyer names and multiple data available on Pro at €29/month.