09 May Automobility EXCELerate Pipeline – Edition #47

We are very pleased to share the 47th Edition of Automobility’s EXCELerate pipeline. As always, we are continually scanning the global mobility technology landscape to curate excellent investment opportunities that we believe offer differentiated solutions which fit our “Internet of Mobility” (IoM) and Energy Transition theses.

Recent Pipeline News, Publications and Media Mentions

• Siemens Acquires Inspekto Machine Vision Company
• Arbe Empowers HiRain’s 4D Radar Systems for Mass Production
• B-ON and MIH to Unveil Innovative Mobility Solution at CES
• B–ON and MIH announce shared urban mobility vision
• WattEV Secures Record-Breaking $75.6 Million in Federal Grants
• Arbe Expands Presence with Opening of Shanghai Office, Reinforcing Commitment to Chinese Market
• Arbe Unveils Chipset for Mass Production of Perception Radars
• Kardome to Showcase Advanced Voice Technology Solutions at CES
• Automobility Portfolio Company Sonatus Builds Momentum Towards CES
• Kardome and Panasonic Automotive Join Forces to Enhance In-Car Voice User Experience

Featured in EXCELerate Pipeline 47

This 47th edition now features 43 companies on our EXCELerate “Menu”, of which 13 are part of our Energy Transition portfolio. These companies have met our evaluation criteria which ranks each startup across a range of metrics. The charts below show the regional and Internet of Mobility [IoM] stack coverage of these startups.

5 startup has been upgraded to our “qualified list” of startups of interest:

• BAKER is a mining tech and resource company offering an improved lithium extraction platform
• THERMOS is a provider of thermal management solutions for batteries, powertrain, electric-vehicle charging infrastructure
• DEXTER is an AI-based platform for autonomous mobility regulation compliance
• WALLY is a provider of vehicle location based services and payment solutions
• SOLVER is a provider of nanocrystal solar technology to power thin-film solar cells

Also, 2 startups have been added to our “long list” since our last update:

• GLACIER is a provider of cooling and heating systems for the automotive, servers, and electronics industries
• TOMBAT is Germany-based provider of revolutionary and ultra efficient drive units for electric vehicles

NOTE:  Project Codenames are used for startups on the EXCELerate menu of qualified opportunities. More detailed information on each company can be found in our EXCELerate Dealbook, t e contents of which can be obtained by emailing us at [email protected]

We would be happy to arrange an introduction to any of the companies in our pipeline.

AUTOMOBILITY NEWS CONTRIBUTIONS

We continue to play a very active role of keeping everyone informed of the developments in the global race to the Future of Mobility.

Since our last update, we contributed to numerous events, articles and media stories:

• The Strategic Unseriousness of Olaf Scholz [Foreign Policy]

  (Copy and paste to your browser: https://foreignpolicy.com/2024/04/22/olaf-scholz-germany-china-policy-companies-mercedes-vw-xi-jinping/)

• State of China’s Auto Market – January 2024
• State of China’s Auto Market – February 2024
• State of China’s Auto Market – March 2024
• State of China’s Auto Market – April 2024
• Chinese auto exports rose 64% in 2023, with strong push by EVs, as makers expanded overseas [AP]

  (Copy and paste to your browser: https://apnews.com/article/china-auto-exports-ev-hybrid-7d553c31597125d6702b6691a8542cb1)

• China EV Makers Woo Buyers With In-Car Beds, Kitchens and Drones [Bloomberg]

  (Copy and paste to your browser: https://www.bloomberg.com/news/articles/2024-03-10/5-unusual-electric-car-features-in-china-from-gaming-system-to-full-sized-beds)

• China Car Show Latest: BYD Speed, China Consolidation [Bloomberg]

  (Copy and paste to your browser: https://www.bloomberg.com/news/articles/2024-04-25/china-car-show-latest-flashy-models-rolled-out-to-win-customers?leadSource=uverify%20wall&embedded-checkout=true)

• BYD Takes On EV Laggards Toyota, VW With Steep China Price Cuts [Bloomberg]

  (Copy and paste to your browser: https://ca.finance.yahoo.com/news/byd-takes-ev-laggards-toyota-011740058.html?guce_referrer=aHR0cHM6Ly93d3cubGlua2VkaW4uY29tLw&guce_referrer_sig=AQAAAFcUUybG15h98Gd2qfZMoFqNSypobqRmGVh9x7hehF4hQRSUMAlUWa_MuJzuqOk29QwzihRJbQk3K4Idz13Yuy5Wtyf-6fdw5MK-IJ5UglO3SP0o0VudPzdkag6ZL3RFyZkess5OinTum9vFZS3hT3N08CB-R3Phh0hfMDBiHI_R&guccounter=2)

• Bill Russo on China Smart EV Market from BJ Auto Show [Bloomberg VIDEO]
• Wang Chuanfu, the driving force behind BYD’s rise [Financial Times]

  (Copy and paste to your browser: https://www.ft.com/content/22527628-733e-4188-9678-ab3210fdb1ba)

• The ambitions of China’s BYD stretch well beyond electric vehicles [Financial Times]

  (Copy and paste to your browser: https://www.ft.com/content/b8bde0b5-7484-45bf-a1e0-475a3ac91bd6?)

• Elon Musk flies in to meet China’s premier as Tesla fights local rivals [Financial Times]

  (Copy and paste to your browser: https://www.ft.com/content/8211f79e-b9aa-4635-8c61-56a617d59713?accessToken=zwAAAY8oZ64KkdOCEfeeuapGNdOMYVamF9WXEw.MEUCIQDsURrgpm3_pBO37vpqA9Px5RS5n4nS3wJIBORcIVTgiQIgFR9M_kaELkXWnhMqMb1TbC4gr-GJ7duZ5nw6hvFEqPw&segmentId=e95a9ae7-622c-6235-5f87-51e412b47e97&shareType=enterprise)

• Elon Musk visited China for Tesla’s self-driving tech [CGTN VIDEO]
• How BYD Became one of the World’s Biggest Brands [BBC VIDEO]
• Bill Russo Commentary on Tesla in China [CGTN VIDEO]
• ‘It Is Desolate’: China’s Glut of Unused Car Factories [NY Times]

  (Copy and paste to your browser: https://www.nytimes.com/2024/04/23/business/china-auto-factories-price-cuts.html)

• China’s Electric Cars Keep Improving, a Worry for Rivals Elsewhere [NY Times]

  (Copy and paste to your browser: https://www.nytimes.com/2024/05/01/business/china-electric-vehicles.html)

RELEASE DATE: May 3. 2024