FeII to RuIII electron transfer is initiated by the inclusion of saturated bridging ligands into the β‐cyclodextrin (CD) cavity of [2]rotaxane complexes and is observed as an intervalence charge transfer (IVCT) band in the electronic spectra (see picture). The rotaxanes are synthesized by using RuIII and FeII complexes as stoppers, β‐CD as the cyclic molecular head, and 4,4′‐bipyridine derivatives with interrupted π‐electron system as the bridging ligand between the metal centers.