17 Sep Automobility Tech Deals [3Q2023]
7th Edition – August 25, 2023
Please contact us at [email protected] or set up a call with us in case of further queries. Should these deals not be of your interest, please do share your criteria or feedback with the Automobility Ltd team.
Internet of Mobility Thesis
Internet of Mobility
Intelligent and Connected Vehicles (ICV)
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, B-ON has had a successful 2022 by 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
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
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.
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
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
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