TotalEnergies Ventures

What TotalEnergies Ventures does

TotalEnergies Ventures is the corporate venture capital and startup acceleration arm of TotalEnergies SE, a publicly listed French integrated energy major (Euronext Paris and NYSE: TTE). Its principal operating vehicle is TotalEnergies On, a structured 6-month startup accelerator launched in June 2022 and co-located at Station F in Paris, with HEC Paris providing entrepreneurial mentoring. The program sources early-to-growth-stage startups through open application calls held every six months, and selectively admits cohorts of approximately 10 startups per batch focused on the electricity value chain: renewable electricity production, energy storage, decentralized energy management, energy trading, consumer electricity sales, and electric mobility.

Selected startups receive privileged access to TotalEnergies SE's teams, subject-matter experts, physical infrastructure, and existing enterprise customer base for product experimentation and pilot deployment, with the explicit possibility of subsequent acquisition or commercial contract. Since launch the program has accelerated 57 startups across six batches (through Batch #6 in 2025), executed three acquisitions in December 2023 (Dsflow, Nash Renewables, and Predictive Layer), and signed commercial contracts with 10 or more additional portfolio companies. The venture function does not generate standalone product revenue; instead, it operates as a strategic innovation channel for TotalEnergies SE's multi-energy transition strategy, with portfolio outcomes flowing back to the parent as acquired capability or contracted supply.

The unit is funded from the corporate balance sheet of TotalEnergies SE and operates within a globally distributed energy group with operating geographies in Europe (France) and Asia Pacific (India, where a 2025 joint LPG supply tender with Chevron and Phillips 66 was won). Marketing and deal sourcing rely on tech-event visibility (VivaTech 2022-2024), Station F Demo Days, and recurring open-application calls. Leadership includes a Managing Director and CTO, a President, a General Manager, a Managing Director for Asia, and additional Managing Directors and principals covering business development.

Name

TotalEnergies Ventures

Legal name

TotalEnergies SE

Website

https://ventures.totalenergies.com

Company type

Public

Founded year

1924

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Corporate venture and startup accelerator arm of TotalEnergies SE, operating the TotalEnergies On program at Station F in Paris to accelerate early- to growth-stage startups across the electricity and renewable energy value chain, with pathways to acquisition or commercial contract by the parent.

Ownership category

akta.pro rank

Product category

Corporate Venture Capital / Startup Acceleration

akta.pro primary industry

Corporate Accelerators & Startup Programs (FSANAHAD)

akta.pro secondary industry

Venture Studios / Company Builders (FSANAAAH)

Keywords

• Corporate venture capital
• Startup accelerator program
• Renewable energy ventures
• Climate tech investing
• Energy transition startups

Headquarters

HQ city

La Défense

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

TotalEnergies Ventures operates TotalEnergies On, a six-month startup accelerator program launched in June 2022 at Station F in Paris that supports early- to growth-stage startups developing solutions across the electricity value chain, including renewable electricity production, energy storage, decentralized energy management, energy trading, consumer electricity sales, and electric mobility. Selected startups receive access to TotalEnergies' teams, experts, infrastructure, and customers for product experimentation, plus entrepreneurial mentoring from HEC Paris, with the potential to be acquired by or sign commercial contracts with TotalEnergies. As of December 2023, 57 startups had been accelerated across six batches, three had been acquired by TotalEnergies, and more than ten had signed commercial contracts.

Product overview

TotalEnergies On is a single, unified startup accelerator program dedicated to electricity and renewable energy businesses. Launched in June 2022, the program provides a structured 6-month acceleration track for startups developing solutions across the electricity value chain. TotalEnergies On integrates startups into the company's ecosystem, offering mentorship, infrastructure access, and potential acquisition pathways, with 3 startups from the program (Dsflow, Nash Renewables, and Predictive Layer) having been acquired as of December 2023.

Differentiator

Problem solved

Functional benefit

Brands

• TotalEnergies On: Startup accelerator program dedicated to electricity businesses, launched in 2022 at Station F in Paris. The program supports startups developing solutions across the electricity value chain including renewable energy production, energy storage, decentralized management, trading, consumer sales, and electric mobility.

Products and services

• TotalEnergies On TotalEnergies On is TotalEnergies Ventures' startup accelerator dedicated to electricity and renewable energy businesses. Selected startups join a six-month program at Station F in Paris with access to TotalEnergies' teams, experts, infrastructure, and customer base for product experimentation, plus entrepreneurial mentoring from HEC Paris. The program targets early- to growth-stage startups working on renewable electricity production, energy storage, decentralized energy management, energy trading, consumer electricity sales, and electric mobility, and can lead to commercial contracts or acquisition by TotalEnergies.

Quantifiable outcome

• 3 startups acquired and 10+ commercial contracts signed by December 2023

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor and core.

• India State RefinersminorOthers · 1 January 2026TotalEnergies was awarded a contract to supply US LPG to India's state refiners through a joint tender with Chevron and Phillips 66. The contract aims to increase US LPG imports to approximately 10% of India's total consumption.
• Station FcoreStrategic or Co-development Partner · 1 June 2022Station F, the world's largest startup campus in Paris, serves as the physical home for TotalEnergies On. The partnership provides participating startups access to the broader Station F ecosystem, facilities, and networking opportunities with other startups and mentors.
• HEC PariscoreStrategic or Co-development Partner · 1 June 2022HEC provides entrepreneurial mentoring to TotalEnergies On participants. The collaboration gives startups access to HEC faculty expertise, business development resources, and the prestigious business school's alumni network.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Chevron Technology Ventures: Chevron's CVC arm investing in and accelerating energy and climate-tech startups. Direct comparable as a major oil & gas major running a corporate venture/accelerator program for emerging energy technologies.
• Shell Ventures: Shell's corporate venture capital arm investing in low-carbon and innovative energy startups. Comparable in being a supermajor-backed CVC targeting the same transition-adjacent startup ecosystem as TotalEnergies On.
• bp ventures: bp's CVC arm investing in early-to-growth stage startups across energy, mobility, and digital. Direct peer in mandate and structure to TotalEnergies Ventures.
• Eni Next: Eni's corporate venture arm focused on the energy transition, decarbonization, and circular economy. Comparable as a European integrated oil major's CVC targeting climate-tech.
• Equinor Ventures: Equinor's CVC arm investing in renewable energy, low-carbon, and digital startups. Direct comparable in mission and structure for a major integrated energy company.
• EDF Pulse: EDF's startup accelerator and incubator program targeting electricity and energy transition startups. Especially close peer as a French utility running a multi-cohort accelerator at Station F and other hubs.
• Engie Ventures: Engie's CVC and innovation arm backing startups in renewables, energy management, and decarbonization. Closely comparable to TotalEnergies Ventures in mission, geography, and parent-company structure.
• Aramco Ventures: Saudi Aramco's corporate venture arm investing in energy, sustainability, and industrial technologies. Direct comparable as a global oil-major CVC with large-scale deployment capacity.
• Repsol Energy Ventures: Repsol's corporate venture vehicle investing in decarbonization, mobility, and renewable energy startups. Comparable European integrated energy major CVC structure.
• Iberdrola Startups / PERSEO: Iberdrola's CVC arm (PERSEO) investing in startups in renewables, smart grids, storage, and electrification. Direct comparable as a utility-major CVC operating in overlapping electricity value-chain themes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/TotalEnergies
• YouTubeyoutube.com/TotalEnergies
• Facebookfacebook.com/TotalEnergies
• LinkedInlinkedin.com/company/totalenergies
• Instagraminstagram.com/totalenergies

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments93 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TotalEnergies Ventures