Friends of Automotive Ventures, We appreciate your ongoing support and have a few updates to share with you (see below).If you find yourself in Las Vegas on November 18th, consider joining us at our first investor conference, NAVIcon (National Auto Venture & Investor Conference). 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 do for you.Many thanks,
Steve Greenfield
678.576.9972
Latest Automotive Ventures Updates:
is Automotive Ventures' latest investment. I catch up with
about his current Seed round,
. Wrapmate is an end-to-end digital platform for customers to get their vehicle graphics projects designed, printed and installed. Please reach out if you'd like to learn more about what Chris and team are building.
Congratulations to Skye Haulman and the One Auction View® team for winning Automotive Ventures' AutoTech's Got Talent! It was a close contest throughout, but One Auction View® led from week one to hang onto the lead through all 10 weeks. Watch Skye's and the other participants' pitches here.
Portfolio Company Fundraising Updates:
WarrCloud has closed a new round of Seed funding. The latest financing was led by First Move Capital (FM Capital) with additional investment from Automotive Ventures. WarrCloud is the preeminent technology and service solution transforming automotive warranty processing.
RoboTire has announced a $7.5m Series A round of funding. The round was led by Discount Tire with participation by Automotive Ventures and a number of other early investors. RoboTire builds and sells robots to auto service shops to automate tire changes.
HopDrive is looking to accelerate their growth by raising additional capital. The company provides vehicle pick-up and delivery services for dealerships, customers and fleet management companies. Please let us know if you'd like to connect with the company's founder, Nick Mottas, to learn more about what they're building.
SparkCharge is currently closing their Series A round of funding. The company is creating an on-demand charging infrastructure for electric vehicle owners with their portable and ultrafast charging unit, the "Roadie". Please let us know if you'd like to connect with the company's founder, Josh Aviv, to learn more about what they're building.
All 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 customers 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.
