Hi ,
Special Announcement:
Automotive News features one of the initial focus areas of the Automotive Ventures DealerFund: technology startups that can help recruit technicians and improve service department productivity. (
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We're excited for the upcoming NAVICON on November 17th, 2022 (More info
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Here are the past week's AutoTech and Mobility transactions. For a more detailed monthly recap, check out our
. Enjoy!
Last Week's Auto-Tech Transactions:
Dealer Tech & Auto Commerce:
AutoVerify, powered by Mobials Inc., is announced the acquisition of
Consumers now expect the ability to complete much of their pre-purchase research online, including a detailed view of a vehicle’s interior and exterior. The acquisition of Car Media enables AutoVerify to help dealers provide this type of interactive customer experience in a way that’s simple to integrate and does not interfere with current dealership processes. (
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Electrification & Alternative Fuels:
Tiger Global Management’s latest investment in India is
, a startup building solutions to bring safety and reliability alongside intelligence and health monitoring to light electric vehicles (EVs), addressing concerns that are curtailing the sales of electric scooters in the South Asian market. (
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Schroders Capital’s infrastructure investment arm has made a €75m investment in
, a Dutch company that owns and operates a network of electric vehicle (EV) charging stations across Europe. (
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Autonomy, Robotics & AI:
, an Atlanta, GA-based autonomous software company, raised $8M in funding. The round was led by Atlanta Ventures with participation from Bobcat Company. Greenzie aims to free humans from repetitive outdoor labor. To this end, the company builds software for autonomous robotic commercial lawnmowers. (
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Horizon Technology Finance provided $30m to
, in the form of a growth capital credit facility. Kodiak is a developer of self-driving long-haul trucks designed to make the freight industry safer and more efficient. (
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Vehicle Production & Assembly:
Providence Equity Partners has entered exclusive talks to buy French automotive data firm
for about 1.4 billion euros ($1.36 billion), clinching one of Europe's rare private equity buyouts in a tough financing market. (
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Biotechnology company
announced its newest investor GM Ventures, the investment arm of General Motors, and their long-term agreement to co-develop Fine Mycelium™ materials for potential use in a range of applications within automotive design. (
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Traffic & Smart City:
Mobility-Intelligence-as-a-Service solution
is on a mission to give public transport operators more resilience, while also helping the sector become greener. The Irish startup has just raised a €5 million Series A funding round led by Act Venture Capital. (
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Air Mobility & Space:
On-demand private-jet company
has struck a deal to go public through a merger with a special-purpose acquisition company EG Acquisition Corp., that would value the combined entity at $600 million. (
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German drone developer
has received $17.5 million in new funding from investors including US billionaire Peter Thiel and German firms Project A Ventures and Sanno Capital. Quantum-Systems is developing docking stations that allow unmanned aerial vehicles to be charged and deployed without human operators for use by the military, border patrol, mining companies and for surveillance in cities. (
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Have a great week,
Steve Greenfield
678.576.9972
