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:
AutoVerify, powered by Mobials Inc., has announced the acquisition of
. Financial details of the transaction were not disclosed. iDealerPlus is a dealer-facing software that matches a consumer to a vehicle in the dealer's inventory, considering both the customer's credit profile and the profitability guidelines of the dealer. (
)
, the experts in audience data and advertising technologies, has raised $15 million in a Series A funding round backed by Capstone Technologies Group LLC (
)
Finance & Insurance:
India-based
, a car extended warranty platform, has raised seed funding led by LC Nueva Investment Partners, through its early-stage venture capital fund, LC Nueva Alternative Investment Fund (AIF). (
)
Vehicle Production & Assembly:
has lined up investor interest for its initial public offering at a valuation of as much as $85 billion, signaling one of Europe’s biggest-ever listings is poised to go ahead despite market headwinds. (
)
Autonomy, Robotics & AI:
Pilot Company, the largest operator of travel centers in North America through the Pilot and Pilot Flying J brands, a company owned by Berkshire Hathaway, announced a strategic partnership with and investment into
, the self-driving trucking company. (
)
Electrification & Alternative Fuels:
, a physics and machine-learning powered battery management software company, announced the close of a $12M Series A round led by Energy Impact Partners, and joined by existing investors NextView Ventures, Collaborative Fund, and Trucks Venture Capital. (
)
Supply Chain & Logistics:
For the nation’s 3.4 million truck drivers, fuel costs are a huge deal. San Francisco-based startup
aims to help lower them with a payment system specially designed for truckers. While many tech startups have struggled lately, AtoB recently closed on a previously undisclosed funding round that values the company at $800 million. The venture funding includes $75 million in equity, led by Elad Gil and General Catalyst, and an additional $80 million in debt financing. (
)
Have a great week,
Steve Greenfield
678.576.9972
