Hi
,
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 & Vehicle Commerce:
Ares is buying
, which provides financing options to car dealerships in need of facility renovations and expansions, in $3.8 Billion Deal. (
)
, an online motorcycle buying and selling startup, has raised $22.6 million (€20 million) to expand its platform beyond its home country of Spain and into Europe, starting with Italy and Holland. The company plans to hire 50 engineers and 250 new employees to advance the technology product and support international expansion. (
)
Vehicle Connectivity & Cyber Security:
announced a $50 million Series B round. The company attempts to defend systems critical to transportation networks. Shift5’s latest round of funding lands just a few months after its $20 million Series A raise, buoyed by several million-dollar deals last year during which the company doubled its headcount. The Series B round was led by Insight Partners. (
)
, the leading connected car API company, has raised $40 million in its Series B round of funding. The round was led by Insight Partners, with participation from existing investors including Story Ventures, FM Capital, Monta Vista Capital and Avanta Ventures. (
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Shared Mobility & Subscription:
Copenhagen-based Cogo has acquired
, a leading shared mobility aggregator in Central Europe. Together, Cogo and eScoot have helped more than half a million users in over 100 countries find and compare shared electric scooters, bikes, cars and models in their city. (
)
, an Israeli mobility company that offers shared micromobility and car-sharing services in Spain, Israel, Malta and Germany, is going public on the Tel Aviv Stock Exchange (TASE) through a merger with shell company Nera Tech Media. (
)
Irish co-founded electric-car rental company
has raised $19 million (€16.75 million) in a funding round co-led by Hertz. (
)
Electrification:
will launch a Series C funding round with a starting investment of 40 million pounds ($54 million) from mining giant Glencore. The electric vehicle battery startup aims to raise around 200 million pounds ($135 million) in the funding round, some of which will go toward developing its planned battery factory in northern England and a research and development center. (
)
ACTON, a U.S. startup that provides electric micromobility vehicles and the cloud-based software infrastructure to run shared fleets for cities and operators, has just acquired
, an Estonian docking and charging infrastructure startup, a move that Acton says will help it to beef up its product offerings, especially for cities. (
)
Australia-based electric vehicle (EV) infrastructure company
is set to rapidly expand after closing a $25 million Series B funding round, including a $6.1 million contribution from the Australian government. (
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Autonomy:
, which provides autonomous vehicle developers with automotive simulation tools to verify the safety and reliability of self-driving systems, has raised $20.8 million (25 billion KRW) in a Series B funding round as it wants to increase its global presence, specifically into the U.S., Germany, Japan and Singapore. (
)
, a Chinese autonomous truck technology startup backed by EV maker Nio, raised an undisclosed amount in its Series B, the company announced Wednesday. The round was led by state-owned automaker BAIC, which is also partnering with ride-hailing giant Didi to get a fleet of self-driving taxis on public roads by 2025. (
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Vehicle Assembly, Supply Chain & Logistics:
HARMAN International, a wholly-owned subsidiary of Samsung Electronics, focused on connected technologies for automotive, consumer and enterprise markets, announced the acquisition of
, a Germany-based automotive technology company. (
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For an industry that seems to be in desperate need of truck drivers to meet peak volume demands,
has arrived at the right time. The on-demand truck driver has closed a $10 million funding round led by B Capital Group. Haul’s new funding adds to a $3 million seed round announced in February 2021. (
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, a California startup with a product that replaces traditional wiring harnesses, said it has closed a $250 million funding round backed by several large auto industry players. (
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, a Middle Eastern startup focused on logistics in the land freight sector, raised $96 million in fresh financing from investors including Abu Dhabi wealth funds ADQ and Mubadala. (
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Many thanks,
Steve Greenfield
678.576.9972
