Hi ,
Here are the past week's AutoTech and Mobility transactions. For a more detailed monthly recap, check out our
.
Last Week's Auto-Tech Transactions:
Electrification & Alternative Fuels:
Indian electric vehicle (EV) ride-hailing platform
could close its Series B funding round at $200 million or less this month. (
)
EIT Urban Mobility has invested 185k Euros in the French startup
in order to support them to deploy on a European scale. As the European Union wants to ban the sale of ICE vehicles from 2035, EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union, is investing in the startup Beev, an electric vehicle comparison site. (
)
Air Mobility & Space:
Norwegian autonomous drone delivery service
has raised $2.3 million in a seed funding round aimed at scaling operations. It would appear that Aviant now has aims to step into the realm of what Molten Ventures’ backed Manna Drone Delivery (and others) are up to, offering logistics providers with a nascent delivery mechanism; one that’s faster, more environmentally friendly, and efficient. (
)
is raising $750 million in a new round of funding that values the company at $137 billion. According to an e-mail sent to prospective SpaceX investors, Andreessen Horowitz (a16z) will likely lead the new funding round. Early SpaceX investors included Founders Fund, Sequoia, Gigafund and many others. (
)
Micromobility:
South Korea-based Baree Corp., which operates used motorcycle marketplace
, has raised KRW4.0 billion ($3.1 million U.S.) in Series A funding. (
)
Autonomy, Robotics & AI:
Microsoft is in talks to invest in
Microsoft plans to invest $10 million into the autonomous trucking startup as part of a funding round that would value Gatik at more than $700 million. As part of the deal, Gatik will use Microsoft’s Azure, a cloud and edge computing platform, to develop its autonomous delivery technology. (
)
, the developer of Light Control Metasurface (LCM™) beam steering chips enabling the next generation of 3D sensors, has secured additional funding from new investors USAA and Uniquest Corporation in a $13M round. (
)
Finance & Insurance:
announced the sale of
(an APCO Holdings brand) to
. This transaction marks the completion of a successful partnership between LMP and NAC that began just over four years ago. During that time period, NAC grew aggressively to become one of the leading national finance & insurance (“F&I”) platforms in the industry. (
)
Supply Chain & Logistics:
and
have merged. Financial details of the transaction were not disclosed. Montway, which is a third-party logistics brokerage, said adding Auction Direct Transport, which is an auto transport brokerage company, will help the company expand into the auction-to-dealer transport space.(
)
Interested in investing directly into early-stage AutoTech and Mobility companies? Check out the new
Have a great week,
Steve Greenfield
678.576.9972
