Hi ,
Well, it’s the first week of the month, and that means that we’ve published yet another
.
In this month’s Intel Report, I provide readers with an
.
You can also see my update on the automotive “Agency Model” in my
last Friday.
Enjoy this week’s Weekly Update!
Last Week's Auto-Tech Transactions:
Dealer Tech & Auto Commerce:
a leading, consumer-focused, Insurtech-driven, marketer and reseller of aftermarket Vehicle Service Contracts, announced that Russell Place Partners, the CARCHEX majority owner, has acquired all ownership interests of the CARCHEX minority owners. (
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has raised an additional $10 million in equity funding from existing strategic investors. Canada Drives is an online car shopping and to-your-door delivery platform. Since launching its platform in 2020, Canada Drives has expanded from British Columbia to Ontario, Alberta, and most recently, Saskatchewan in May. (
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Electrification & Alternative Fuels:
GM Ventures, the automaker’s venture arm, has invested in
as part of a Series C $25 million funding round. Volta Energy Technologies also participated in the round. General Motors and OneD Battery Sciences are teaming up on a joint research venture into building more efficient batteries for electric vehicles. (
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just raised $60 million to offer turn-key EV charging station networks. The fundraising round comes in two parts — a $40 million Series A led by Fifth Wall, and a $20 million line of financing to fuel operational growth. (
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, a startup developing iron-air batteries that could store renewable power for several days is raising $450 million from backers including steelmaker ArcelorMittal and TPG Inc. (
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, a leader in electric and fuel cell vehicle systems integration, announced an investment from London-based AP Ventures. Hypermotive has gained a reputation across a wide range of transport sectors for its innovative integration solutions for battery electric and fuel cell vehicles. (
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’s software is designed to help fleet operators source and manage electric or light-electric vehicles (LEVs). And to help take things to the next level, the London-based company announced that it has raised $3.5 million from a slew of institutional and angel investors. (
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A new startup hopes to create a platform to make installing a charger as easy for homeowners as ordering new furniture.
closed a $5 million seed round, co-led by General Catalyst and Lachy Groom, with participation from Giant Ventures, MCJ Collective and other angel investors. (
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, an Indian startup that designs and builds commercial electric vehicles, has raised $60 million in a new funding round as it works to ramp up its production capacity and broaden its offerings. Singapore’s sovereign fund GIC led the New Delhi-headquartered startup’s Series C funding. (
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Australian electric vehicle infrastructure company
has announced plans to expand its national headquarters in Melbourne, after securing $3.3 million from private and public investors including the Victorian state government. (
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Autonomy, Robotics & AI:
, a Canadian robotics manufacturer that develops autonomous cleaning robots, has raised $70 million in a Series C round of funding led by Jeneration Capital. (
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Have a great week,
Steve Greenfield
678.576.9972
