ADEME Investissement
Wholly owned by the State (100%); created under the Programme d’investissements d’avenir, now France 2030, run by the SGPI French State (France 2030 / SGPI)
100% State-owned investment company created in December 2018 (France 2030) with €400M; takes minority equity (€5M–40M) in ecological-transition infrastructure, companies and funds.
- HEADQUARTERS
- Montrouge, France
- FOUNDED
- 2018
- AUM
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 7 people
FOCUS
- STAGES
- Growth
- ASSET MIX
- Direct investmentsFunds (as LP)Impact
- GEOGRAPHY
- France
WHAT IT IS
Government-backed Fund. Public money — a state or EU-backed vehicle investing on behalf of taxpayers, often with policy goals.
ABOUT
ADEME Investissement was created in December 2018 under the Programme d’investissements d’avenir, now part of France 2030 run by the Secrétariat général pour l’investissement. It is wholly owned by the State and has a €400M investment envelope. It invests equity and quasi-equity, as a minority investor (under 50%) generally pari passu with private investors, in innovative infrastructure projects at first-commercial or roll-out stage, in companies developing such solutions, and in thematic funds. Sectors are energy, sustainable transport and mobility, circular economy and renewable gas, and environment and biodiversity.
PORTFOLIO (22)
- Arverne GroupNOTABLEClimate & Energy
- SWEN Terra (fund, SWEN Capital Partners)Food & Agriculture · since 2026
- VoltixMobility & Logistics · since 2026
- JimmyClimate & Energy
- NeofarmFood & Agriculture
- FludisMobility & Logistics
- CSBT
- PonyMobility & Logistics
- SOFIAC FranceClimate & Energy
- FABIX
- BW Ideol Projects Company (BWIPC)Climate & Energy
- EcovMobility & Logistics
- ZEWAYMobility & Logistics
- NéolineMobility & Logistics
- ELECTRA Indé-AssetCoMobility & Logistics
- Qarnot ComputingClimate & Energy
- TLS GeothermicsClimate & Energy
- ENOGIA Asset IndustryClimate & Energy
- Demeter Climate Infrastructure Fund (fund)Climate & Energy
- Fonds Eiffel Gaz Vert (fund)Climate & Energy
- Dijon Métropole Smart Energy (DMSE)Mobility & Logistics
- ETC Invest
TEAM
- Karine MerereChief Executive Officer (Directrice générale) · source
- Sylvain WasermanPresident (Président), legal representative per the legal notice · source
- Bastien GrandetChief Investment Officer (Directeur des investissements) · source
- Céline Mignon IweinsInvestment Director · source
- Chrystelle IbanezChief Financial and Administrative Officer · source
- Yoann UsseglioGeneral Counsel · source
- Clémence LacharmeHead of Impact and ESG · source
LINKS
FAQ
ADEME Investissement is a government-backed fund based in Montrouge, France, founded in 2018.
Yes. ADEME Investissement invests directly in private companies. It also commits capital to third-party funds as an LP.
ADEME Investissement invests at Growth stage in Climate & Energy, Mobility & Logistics, Food & Agriculture and Industrial & Manufacturing.
ADEME Investissement's stated ticket size is €5M–€40M.
Key people at ADEME Investissement include Karine Merere (Chief Executive Officer (Directrice générale)), Sylvain Waserman (President (Président), legal representative per the legal notice), Bastien Grandet (Chief Investment Officer (Directeur des investissements)) and Céline Mignon Iweins (Investment Director).
ADEME Investissement's investments include Arverne Group, SWEN Terra (fund, SWEN Capital Partners), Voltix, Jimmy, Neofarm, Fludis, CSBT and Pony, among others.
The most recent publicly reported investment by ADEME Investissement is SWEN Terra (fund managed by SWEN Capital Partners) (Fund investment (target fund size €200M)), announced in Sep 2026.
No. ADEME Investissement invests its own capital and does not raise money from outside investors.