Hi ,
The Automotive Ventures Investment Club (AVIC)
: the
Automotive Ventures Investment Club
is off to a strong start, and we’re oversubscribed for the first investment offered to our members. If you’re interested in making small direct investments into AutoTech and mobility companies, learn more
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:
Dealer Tech & Auto Commerce:
Stephen Cottrell, Founder and CEO of Authenticom, has acquired
, a leader in Integration for the automotive retail experience. (
)
Electrification & Alternative Fuels:
Wireless power-at-a-distance company
, whose field-tested, proven technology delivers more point-to-multipoint power over greater distances than any product in the market, announced a $30M Series B financing round, led by deep-tech venture capital firm DCVC. (
)
Sweden-based
, an automotive company offering electric trucks for sustainable cities, announced that it has raised €60M in a Series C extension round. (
)
Vietnam-based electric-vehicle maker
said on Tuesday it has filed for an initial public offering in the United States and plans to list its ordinary shares on the Nasdaq under the ticker symbol "VFS". (
)
FreeWire Technologies, the leading provider of battery-integrated electric vehicle (EV) charging stations and energy management solutions, has acquired
, a platform that uses artificial intelligence to help site hosts strategically place fast-charging stations to maximize their return on investment. (
)
German battery company
raised $63 million (€60 million) in Series A funding from Porsche AG. World Fund led the deal. Abacon Capital and Vsquared Ventures also participated. Customcells develops and recycles high-performance lithium-ion batteries that power products like cars, medical equipment and fossil fuel development (
)
Autonomy, Robotics & AI:
, a defense technology startup set up by Oculus founder Palmer Luckey, has raised $1.48 billion in Series E funding led by Valor Equity Partners at an $8.48 billion valuation. The company is best known for building autonomous systems like drones and border surveillance tech. (
)
, a Swiss startup creating virtual reality (VR) simulation technology for helicopter pilots, has raised $20 million in funding from U.S. venture capital (VC) firms, including Craft Ventures, Sky Dayton and UP Ventures. (
)
announced a $500 million tranche of financing as it looks to expand its autonomous and electric trucks into new markets globally. The cash injection constitutes an equity-based $200 million Series C portion from backers including Northzone, EQT Ventures, Temasek, Swedish pension fund AMF, Polar Structure AB and Norrsken VC. (
)
Finance & Insurance:
announced the closing of a $12.3 million Series A funding round, co-led by Fontinalis Partners and TTV Capital. With the Carputty Flexline, consumers and businesses get flexible lines of credit that can be used to finance any vehicle. (
)
Vehicle Production & Assembly:
Athens, Greece startup
has secured €6.1 million in funding from leads VentureFriends and Speedinvest. Harbor Lab's platform claims to streamline the disbursement account processes and identifies discrepancies, reducing port call expenses by approximately 6% per port call, and reduces administration costs by up to 75%. (
)
, a Sunnyvale, CA-based automotive software company, raised $75M in Second funding. Sonatus is accelerating vehicle software innovation and the transition towards software-defined vehicles. Its platforms and products allow automotive companies and their ecosystem to innovate faster and deliver continuous improvements in costs, capabilities, reliability, and user experience over the vehicle lifespan. (
)
Have a great week,
Steve Greenfield
678.576.9972
