Fund launched for start-up projects

Alstom and Schneider Electric are joining forces to launch a new venture capital fund to finance innovative start-ups in the field of energy and the environment. The initiative remains open to the participation of other potential partners.

The mission of the fund - Aster Capital - is to take minority interests in start-ups based in Europe, North America and Asia, developing new technologies that could lead to major breakthroughs in the fields of energy and the environment.