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 & Auto Commerce:
Aramis Group announced the acquisition of
, the Austrian market leader for refurbished vehicle sales. Onlinecars is Austria’s leading independent vehicle distributor, selling more than 10,000 used vehicles in 2021, with revenues of over €200 million and an EBITDA margin of over 3%. (
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Autochek Africa, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of
, the leading platform for classified ads in French-speaking Africa, to accelerate the penetration of its auto financing services in Senegal, Côte d’Ivoire and other French-speaking African countries. (
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Aftermarket:
Repairify, a portfolio company of Kinderhook Partners, has acquired
, a technical training company. Financial terms of the transaction were not disclosed. With live and virtual classes offered in all 50 states and internationally, ATG is dedicated to automotive professionals by offering highly technical training backed by quality instructional materials and experienced educators. The Company represents the fifteenth add-on acquisition for Repairify and Kinderhook’s 171st automotive-related transaction. (
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, an automotive B2B marketplace and SaaS company focused on modernizing the auto salvage industry, secured $6.5m in seed financing. The round, which brought total financing to $7m, was co-led by Left Lane Capital and Bedrock Capital, with participation from existing investor M25. (
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Electrification & Alternative Fuels:
Swedish electric vehicle battery manufacturer
has raised $2.75 billion in new funding. Swedish pension funds AP1, AP2, AP3 and AP4, OMERS and 4to1 Investments led the round. Goldman Sachs Asset Management and Volkswagen AG also participated in the round. The funding brings Northvolt’s total equity and debt raised to more than $6.5 billion. (
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– a West Coast-based EV charging network – has raised $68.8 million in funding to help expand its presence to over thirty-five new cities in California, Oregon, and Washington. In addition to increasing fast charger density in its current footprint, EVCS looks to double its network size by 2023. (
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Vehicle Production & Assembly:
Volkswagen AG appears to be moving ahead with the planned initial public offering of its
. The IPO, poised to be one of Germany’s biggest-ever listings, could value Porsche at as much as 90 billion euros ($91.5 billion). (
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, an innovative industrial scrap metal sorting and recycling company powered by A.I. imagery, data analytics, and advanced sensors, announced $10M in funding led by Assembly Ventures with additional funding from Breakthrough Energy Ventures and Novelis. (
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has completed a $63 million Series C financing round led by Moore Strategic Ventures (MSV) with the participation of existing investor Porsche AG and Colmobil Corp. Aurora Labs’ AI-based vehicle software intelligence enables vehicle manufacturers, Tier-1 suppliers, silicon vendors and enterprises to develop, certify and diagnose software, and conduct over-the-air updates. (
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Have a great week,
Steve Greenfield
678.576.9972
