Hi
,
Here are the past week's AutoTech and Mobility transactions. For a more detailed monthly recap, check out our
.
We hope that those of you who attended CES this past week had a fun, safe and inspirational time. Due to the fact that many couldn’t attend, we wanted to include this great summary of AutoTech by TechCrunch:
Have a great week!
Last Week's Auto-Tech Transactions:
Aftermarket:
, a designer, manufacturer and distributor of proprietary branded aftermarket vehicle enhancements for light trucks, SUVs, passenger cars and ATVs/UTVs backed by Clearlake Capital Group, has acquired
, an aftermarket e-commerce platform for automotive and off-roading enthusiasts. (
)
Vehicle Connectivity:
A multi-million-dollar investment from Decathlon Capital Partners will support the industry leadership of
, as it expands its fleet-management platform and launches new service capabilities. (
)
Shared Mobility & Subscription:
, a south Korean car-sharing startup, has filed for an IPO. The details — the number of shares to be offered in the IPO and the price range — have not yet been determined. SOCAR has reached approximately $834 million (1 trillion won) valuation after raising $50.7 million (60 billion won) in October 2020. The company has raised a total of about $275 million since its inception in 2011. According to media reports, SOCAR’s estimated valuation is to be $2.5 billion (3 trillion won) after the listing in the first half of this year. (
)
and
, two of the world’s largest fleet leasing companies, announced Jan. 6 they will combine forces to create a leading global mobility player that would further the digital transformation of the industry. (
)
Electrification:
, the pioneer of extreme fast charging (XFC) battery technology for electric vehicles, has announced the first close of its Series D funding round of up to $80 million, the majority of which have already been secured. (
)
Many thanks,
Steve Greenfield
678.576.9972
