Schneider Electric and Aster evolve their partnership

• Aster becomes a 100% fully independent company owned by its
management team
• Schneider Electric to focus on new Schneider Electric Ventures initiative
Schneider Electric, the leader in digital transformation of energy
management and automation, and Aster, a venture capital firm supporting entrepreneurs transforming
markets through bold offers and technologies, have agreed to change their partnership in order to
accommodate the recent launch of Schneider Electric Ventures by Schneider Electric, while
strengthening Aster’s independence and extending its development capabilities. 
Schneider Electric recently created Schneider Electric Ventures to identify, nurture and support
innovations in its markets that will transform the way we live and work, how we produce and consume
energy, and how we run buildings and factories. Schneider Electric has committed to invest between
300 and 500 million euros in the coming years through Schneider Electric Ventures, in incubation
projects, creation of new ventures, investments in start-ups, partnerships with entrepreneurs, and
partner venture capital funds. 
Accordingly, Aster strengthens its independence and will be 100% owned by its management team.
This will enable Aster to pursue, with greater agility, its ambition to provide its investors with the
opportunity to access an enlarged ecosystem of companies, customers and partners. As an
independent venture capital company with its own investment strategy, Aster will leverage its
recognized expertise to continue its commitment to support energized teams of entrepreneurs
impacting a wide spectrum of sectors, including energy, industry, and mobility that have been Aster’s
focus over the past 18 years. 
Aster will continue to advise and support Schneider Electric regarding Schneider Electric’s
investments in certain funds managed by Aster. “After 18 years of collaboration, we are moving to a
next level and I am very grateful to Schneider Electric, Aster’s historic sponsor, which I warmly thank
for its past support and contribution,” explains Jean-Marc Bally, Managing Partner of Aster, “Aster and
Schneider Electric will continue to collaborate together in the future with a new set of opportunities”.
“Our industry is changing quickly, and we see many opportunities for investing in innovation. This is
why we have decided to build a dedicated team to focus on these opportunities going forward. The
Schneider Electric Ventures team has increased resources and an enlarged scope to include
Incubation, Growth investments, and Partnerships”,
said Heriberto Diarte, Head of Open Innovation
and Ventures at Schneider Electric. “We thank Aster for all the years investing and we will continue
supporting Aster’s portfolio companies”.
More information about Schneider Electric Ventures including partners and portfolio of investments
can be found here.