31 May Automobility Tech Deals [2Q2023]
6th Edition – May 19, 2023
Internet of Mobility Thesis
This table shows the Internet of Mobility startups featured in this edition:
Energy Transition Portfolio
Recently we have expanded our EXCELerate pipeline to include an Energy Transition portfolio, which highlights startups who we believe offer disruptive technology in the clean energy production and distribution value chain.
The following startups from our Energy Transition portfolio are looking to raise funds:
Internet of Mobility
Intelligent Connectivity
Voice User-Interface (VUI)
Kardome
Kardome enables a seamless voice control experience in acoustically challenging environments with its AI-driven signal separation and noise reduction technology. The Israel-based startup uses automatic speech recognition to identify the user and enhances the single person’s voice in order to reduce any other background noise.
Traction & milestones: The company has recently secured a $1 million investment from Japanese VC Fund Automotive Fund and will use the fresh capital to expand its business there. Kardome has also conducted testing how well its speech recognition system performs at high speeds. Implementing Kardome’s front-end audio technology, the accuracy rate jumped to an impressive 94% from 60%.
Funding round: Kardome has secured seed funding and is raising $10M Series A round.
Copy and paste below link and open on your browser for our Kardome Investment Opportunity Memo: https://www.craft.do/s/0q4ggBAPpiXdWX
Vehicle Inspection
Inspekto
Inspekto is a provider of autonomous machine vision system for visual quality inspection. The Israeli startup aims to simplify visual quality inspection and control by using breakthrough AI technology. Its product offering includes Inspekto S70 which is a wide-applicability fast-setup machine vision system for different purposes addressing both the industrial machine vision and human inspection markets.
Traction & milestones: Machine vision system offering is ready to scale and the startup expanded its solution by launching Automated Inspections Service (AIS) for small and large manufacturers. Automobility recently helped Inspekto to deploy its AI machine vision solution with a large industrial client both in Europe and in China.
Funding round: Inspekto secured Series A funding and is raising its Series B round.
Copy and paste below link and open on your browser for our Inspekto Investment Opportunity Memo： https://www.craft.do/s/aTN60sHOYqsLle
Sonatus is a provider of cloud-enabled platform in-vehicle connectivity and data management solutions. The US-based startup is focused on building high-performance software-defined solutions from E/E architecture (in-vehicle) to the backed (cloud). Its solutions is flexible, modular, hardware agnostic, and enables automakers to harness vehicle data, control and secure vehicle connectivity, remedy problems, add features, vehicle updates via codeless updates.
Traction & milestones: The company was awarded with the 2022 PACE Innovation Partnership Award for its collaboration with Hyundai Motor Group in bringing a software-defined vehicle platform to production and market quickly.
Funding round: Sonatus secured $75M Series B funding and is open for follow-on investment.
Copy and paste below link and open on your browser for our Sonatus Investment Opportunity Memo: https://www.craft.do/s/7nBWUdmFb8lg09
Intelligent and Connected Vehicles (ICV)
B-ON
B-ON is a full-service solution provider democratizing fleet electrification, providing access to an entire ecosystem of services through one simple process. The Luxembourg-based company is focused on transforming last mile transportation of people and goods to zero emissions. Employing its expertise earned over seven years with a >20k proven vehicle fleet, B-ON’s ElectrOS is a suite of solutions offering fleets hassle-free ways to harness the benefits of electrification.
Traction & milestones: After acquiring StreetScooter in 2022, B-ON has had a successful first year having produced and delivered 2,447 electric commercial vehicles and generated $125+ million in revenue. In recent months, the company has announced several new partnerships which includes agreements with Creative Bus Sales in the United States and Koelliker Group in Italy, and EO Charging in Europe..
Funding round: B-ON has secured $150M to date and is currently closing an additional fundraise (already secured lead investors, still open to non-lead investors).
Copy and paste below link and open on your browser for our B-ON Investment Opportunity Memo: https://www.craft.do/s/q9PapFI9wZudoC
E-Mobility
NEV
E2 Mobility
E2 Mobility is a developer of a purpose-built vehicle (PBV) and platform for next-generation shared mobility. The proprietary vehicle of the US startup offers disruptively lower vehicle operating costs per mile and enables Mobility as a Service (MaaS) with a mobility solutions ecosystem. The startup will build its PBV with globally renowned partners, including partnerships for platform licensing, prototype development, and application design, with projections to deploy a fleet of around 1 million in the United States by 2030.
Traction & milestones: The vision of E2 started more than a decade ago with the innovations of Edison2, which won the mainstream competition of the 2010 Progressive Insurance Automotive X Prize thanks to an ultra-efficient vehicle design and patented in-wheel suspension system. Recently, the startup announced that it will utilize Cox Automotive Mobility’s suite of digital and physical fleet solutions to maximize uptime for its vehicles and additional services such as EV battery lifecycle management.
Funding round: E2 Mobility is raising $60M+ Series A round.
Copy and paste below link and open on your browser for our E2 Mobility Investment Opportunity Memo: https://www.craft.do/s/U1YzhZe7btOVvL
NEV
Inmotive
Inmotive is a provider of multi-speed powertrain technology for electric vehicles. The Canada-based startup has developed a patented transmission system Ingear for electric vehicle applications. Its Ingear 2-speed transmission technology changes speed ratios quickly and efficiently and accelerates the transition to clean mobility by making EVs more affordable.
Traction & milestones: The startup recently signed a joint development agreement with Suzuki to develop an Ingrear 2-speed EV transmission for future Suzuki electric vehicles.
Funding round: Inmotive secured Series A funding and is raising $10M Series B funding.
Energy Transition
Midstream
Battery Tech
Auto Motive Power
AMP is a developer of advanced electronics for electric vehicles. This California-based startup offers solutions for battery management systems (BMS), charging solutions, and cloud-enabled OTA solutions for e-mobility applications. AMP has done business with some of the largest EV manufacturers and e-mobility solutions providers in the world.
Traction & milestones: The startup recently announced the integration of Wolfspeed’s innovative Silicon Carbide technology into AMP’s e-mobility Energy Management Unit (EMU).
Funding round:AMP recently secured $17.25M Series A funding and is looking for follow-on investment.
Copy and paste below link and open on your browser for our AMP Investment Opportunity Memo: https://www.craft.do/s/CoQaMgv70Yqwtf
Hydrogen
Quantiam
Quantiam is a provider of advanced energy materials and process innovation company for eFuels like eHydrogen and eMethanol. The Canada-based company offers clean-tech solutions to decarbonize the future of transportation. It develops nano technology for energy and greenhouse gas emission reductions and for life-cycle improvements of critical materials.
Funding round: Quantiam is looking for new capital to fund the commercialization of its clean-tech solutions for transportation.
Copy and paste below link and open on your browser for for our Quantiam Investment Opportunity Memo: https://www.craft.do/s/A1RzhjklMavfEz
Downstream
About Automobility
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Official Website: https://automobility.io/
Tel +86 139 1757 7148
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