Hi ,
I have a special announcement to share with you:
Introducing the Automotive Ventures Investment Club (AVIC)
: the new
Automotive Ventures Investment Club
is off to a strong start, and we’re oversubscribed for the first investment offered to our members. Thanks to all of you who are participating. Automotive Ventures launched the new Club to democratize access for industry participants to invest directly into Automotive Technology startups. If you’re interested in making small direct investments into AutoTech and mobility companies and building your own portfolio, deal-by-deal, alongside the Automotive Ventures Funds, please join the Club and other investors funding the next wave of industry-changing startups. Learn more about the AVIC
and once ready click
to apply to join.
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:
Electrification & Alternative Fuels:
Bangalore-headquartered electric vehicle start-up
received investments from Qualcomm Ventures and Lingotto to expand their Series D round. (
)
, an EV infrastructure development platform purpose-built to maximize electric power availability for critical commercial fleets, has secured a $28 million investment from leading energy transition investors and expanded its executive team. (
)
Autonomy, Robotics & AI:
, a startup that has built a data-generation platform for autonomy companies, says synthetic data is a critical component to scaling the AI that powers vision and perception systems and preparing them for the unpredictability of the physical world. The startup just closed a $30 million Series B led by March Capital (
)
Self-driving technology company,
, has raised $40M in a Series B funding round led by Founders Fund, that included Maersk Growth, Eniac Ventures, New Legacy and other new and existing investors. This brings ISEE’s total funding to $70 million since the company was spun out of Massachusetts Institute of Technology in 2017. (
)
Parking, Traffic & Smart City:
High-speed transportation systems maker
will list its shares in the U.S. through a deal with a blank-check firm at a pre-money valuation of $600 million. (
)
Vehicle Production & Assembly:
Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, announced the strategic acquisition of
, a supplier of Industry 4.0 technologies and complex automated testing equipment critical in the production of automotive seats. (
)
Vehicle Connectivity:
Global Brain Corporation announced its investment in
through its GB-VIII Growth Fund Investment Limited Partnership (GB-VIII). Energy Impact Partners, Google, Moneta Ventures, Nexus Venture Partners and Qualcomm Ventures are existing investors in Sibros, a company that creates connected vehicle ecosystems for a range of vehicles and architectures globally. (
)
Have a great week,
Steve Greenfield
678.576.9972
