, I wanted to provide a quick update on Automotive Ventures. In June, we officially closed our first venture fund (read more here). The fund was oversubscribed with more than $7m in committed capital, which we are currently deploying into early-stage automotive tech companies. We’ve already made 11 investments out of the fund, companies that are listed below. There’s a lot of innovation going on in automotive, and we’re seeing an average of 5 new companies per day. Please subscribe to our monthly Intel Report and tune into our AutoTech’s Got Talent contest. New pitches are posted each week, and voting takes place on LinkedIn. Thank you for your ongoing support. We are thrilled to be on this journey with you and, as always, don’t hesitate to reach out if there’s anything we can be doing for you.Many thanks,
Steve Greenfield
678.576.9972
Investments To Date:
Algodriven is an automotive data platform that helps car dealers, banks, classified and insurance companies identify and price used cars; the company is primarily focused on serving emerging markets.
Car Capital is a technology driven finance company that provides Buy Here Pay Here auto dealers one source for capital, consumer loan origination tools, compliance needs and consumer loan financial analytics.
's platform connects people living in “transit deserts” (areas generally characterized by poor public transportation) to private ride-sharing networks called “dollar vans.”
HopDrive is a specialized gig economy marketplace that provides concierge pickup and delivery services to their customers, on demand—without the expense, time burden, and liability required to deliver these services with their own staff.
(LCT) is a lender-controlled solution for managing and tracking cancellations and refunds of F&I products.
provides on-demand mobile brake repair delivered at your home or office.
enables the automotive ecosystem to delete personal information from vehicles in a fast, traceable, and cost-effective manner.
RoboTire builds and sells robots to auto service shops to automate tire changes.
SparkCharge makes the Roadie --the world's first portable, ultra-fast, and modular charging system for Electric Vehicles. The company has also just launched ChargeUp, the world’s first mobile, on-demand charging platform.
provides turn-key warranty administration services to auto dealerships powered by technology that connects the otherwise fragmented systems, centralizes and socializes critical warranty tribal knowledge and automates a growing majority of claims.
Wrapmate is an end-to-end digital platform for consumers to get their graphic projects designed, printed and installed. Wrapmate supports a 2-sided marketplace, with consumers on one side and a network of top certified graphic professionals known as Wrapmate Pros on the other.
We’re always eager to connect with great founders, so do let us know if you hear about any interesting early-stage startups in automotive or mobility that we should meet.
