SHV
Rijnkade 1, Utrecht, 3511 LC, Netherlands
Overview
SHV originated in 1896 in the Netherlands from a merger between a number of large coal trading companies, some of which had been active since the 18th century. After the decline of coal as the primary source of energy, halfway through the twentieth century, SHV moved into other business areas. SHV has established a global presence in a wide range of activities. These include LPG distribution, consumer goods distribution, technical installation and technical equipment trading. SHV Energy is the world’s leading distributor of LPG, a cleaner source of energy. SHV Energy operates in more than 20 countries throughout Europe, Asia and South America, providing LPG in cylinders and tanks for millions of people to use in thousands of applications. SHV Energy is also an investor in lower carbon and renewable energy solutions. Makro cash-and-carry stores in South America sell food and non-food supplies to small and medium-sized retailers, caterers and the professional market. The stores sell a substantial range of fresh, high-quality local products. Mammoet provides customer-driven services worldwide in heavy lifting, transport and salvage using state-of-the-art equipment. Mammoet’s high quality and safety standards are recognised benchmarks in this industry. ERIKS supplies high-quality mechanical engineering components and related services to the process industry and equipment manufacturers. ERIKS has a leading position in its markets in Europe and the USA. Nutreco is a global leader in animal nutrition and fish feed. Its advanced feed solutions are at the origin of food for millions of consumers worldwide. Quality, innovation and sustainability are guiding principles, embedded in the Nutreco culture from research and raw material procurement to products and services for agriculture and aquaculture. Dyas is an active investor in oil and gas exploration, development and production joint ventures, primarily in the Netherlands and the North Sea. NPM Capital provides private equity to entrepreneurs in the Benelux, focusing on medium-sized companies. As its varying portfolio shows, NPM Capital has built a strong track record helping many companies improve operations and seize growth opportunities. SHV is a decentralised company. Great trust is placed in our people in the field. This decentralisation provides an excellent opportunity for individual development. Mutual respect and trust provides the basis for happiness at work. SHV’s most important values are integrity and loyalty. Integrity means being honest, genuine and totally open in communications about all matters that concern the company. Good news may travel slowly, bad news should travel quickly. Loyalty means putting your best effort into your work for the company and its development. Based on the integrity and loyalty of our people, SHV wishes to continue to grow both for the benefit of our shareholders, our employees and for the well-being of the society in which we live and work.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Oil and Gas
- Retail
- Wholesale
Investment portfolio
- Lightyear
Participated · Equity · Sep 2022
Lightyear develops an ultra-energy-efficient automotive platform centered on the Lightyear One, which combines an efficient powertrain, a high-yield solar roof, and optimized thermal management to minimize charging needs. The company claims Lightyear One consumes only 83 Wh/km and achieves about 725 km WLTP range, plus 7,000–20,000 km of annual solar range depending on conditions; the car is priced at €149,000. Lightyear says the vehicle’s solar roof can supply up to 80% of an average driver’s annual charging needs in San Francisco. The company was founded in 2016 and its team includes former employees from Tesla, Audi, and Ferrari. After Covid-19–related delays and earlier capital constraints, Lightyear has prepared for serial production and is working toward customer deliveries and broader commercialization. It also plans a second, mass-market solar model targeted for production in 2024. Lightyear has spent six years building a broad patent portfolio to support highly efficient solar electric vehicles, including the premium Lightyear 0 which was priced at €250,000 and could gain up to 70 kilometres of range per day from the sun. The Lightyear 0 was also touted as the world’s most aerodynamic commercial car with a 0.175 Cd drag coefficient. In January the company suspended production of the Lightyear 0 to focus on a lower‑priced €40k Lightyear 2. Shortly after, parent Atlas Technologies BV was declared bankrupt and the business was restructured into a new entity, Lightyear Technologies, with a reduced workforce of about 100 people (down from ~600). Today Lightyear concentrates on developing and producing solar‑integrated technologies for third‑party vehicle manufacturers. Historically the company has raised over €168.4 million in funding. Lightyear develops solar-powered electric vehicles, beginning with the production-ready Lightyear 0 that uses curved solar panels on its roof, hood and trunk to top up the battery. The company claims the car can run for weeks or months without charging depending on climate, and that plugged-in charging provides about 32 kilometres of range per hour. Interiors are vegan and made from recycled and sustainable materials, and the vehicles will be manufactured by Valmet Automotive in Finland. Lightyear plans a high-volume series with a starting price of €30,000 while also offering limited models (one around €250,000); an initial run of 946 cars was announced. The company reports 10,000 reservations—5,000 each from LeasePlan and MyWheels. Lightyear aims to bring Lightyear 2 to market by 2025 and pursue international expansion beyond Europe. Lightyear is commercialising an electric vehicle with integrated solar cells to minimise charging needs and grid dependency. The company's first model, the Lightyear One, is claimed to have a 440-mile (725 km) range and can recharge from its solar roof. Headquartered in Helmond and founded in 2016, Lightyear plans to put the car on test tracks in Q2 2021 and begin commercial availability by the end of Q4. Recent partnerships include Bridgestone for low-rolling-resistance tyres and a technology agreement with Royal DSM to scale the solar roof. The team combines young talent with industry experience from Tesla, Audi, and Ferrari, and TIME magazine named the Lightyear One one of the '100 best inventions' of 2019. Financially, Lightyear had raised €85.3M to date, including a €40.2M round in March 2021 led by Zero Point Holding BV. Lightyear develops an ultra-energy-efficient automotive platform and the Lightyear One, a solar-equipped electric vehicle designed to minimise charging needs and grid dependency. The company says the Lightyear One consumes just 83 Wh/km, giving about 725 km WLTP range and 7,000–20,000 km of clean solar range per year for an average driver. Its technology portfolio includes an efficient powertrain, a high-yield solar roof, and optimized thermal management. Lightyear announced the Lightyear One in 2019 and has been selecting a production partner while preparing for first customer deliveries by the end of 2021. The company was founded in 2016 and is pursuing further equity financing to accelerate development of a mass-market vehicle. Recent partnerships include a commercialisation agreement with Royal DSM to scale the solar roof solution.
Team
Jeroen Drost
CEO
LinkedIn