12 Mar Automobility EXCELerate Pipeline – Edition #41
We are very pleased to share the 41st 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.
CES 2023 this year featured plenty of automotive announcements that embody the key Internet of Mobility and Energy Transition megatrends, including sustainability and human security. Our Automobility team has analyzed pertinent announcements during CES and identified five technology trends around Intelligent Connectivity and Smart Energy. Read the full story in our summary:
Please contact us at [email protected] to learn more about several our portfolio companies that participated in CES 2023 in Las Vegas, or to learn about other Auto & Mobility investment opportunities from our EXCELerate pipeline.
Recent Pipeline News and Media Mentions
We are pleased to share the significant progress being made by several of our EXCELerate portfolio companies since our last update. In particular, Ottopia, one of our EXCELerate portfolio companies, announced that it has raised $14.5 million in a Series A funding round. Automobility was a key party to this round by introducing ComfortDelgro (the largest investor in the round) to the opportunity. Bill Russo, Founder & CEO of Automobility Limited, said: “Bringing one of the world’s largest transportation services providers ComfortDelGro to join forces with a leading teleoperation company from Israel is core to Automobility’s mission of helping our clients to build and profit from the future of mobility.”
Here is a summary of recent news related to companies from our EXCELerate pipeline:
- Automobility Brings ComfortDelGro to Ottopia’s $14.5M Series A Funding Round
- Battery Materials Company NanoGraf Raises $65M in Series B Funding
- Constellation Project Led by Addionics Receives UKRI Funding
- Addionics Awarded Battery Technology Innovation Leadership Award by Frost & Sullivan
- Arbe Named as CES 2023 Innovation Award Honoree for its 360-Degree Radar Solution
- Inmotive Signs Agreement with Suzuki for Ingear 2-Speed Transmission Technology
In addition, Automobility contributed to numerous events, articles and media stories since our last pipeline update:
- Auto|Mobility Investment Pulse Check – Issue #61
- State of China’s Auto Market – January 2023
- State of China’s Auto Market – February 2023
- China’s Automotive Industry: 2022 Review and 2023 Outlook [Globalautoindustry.com Audio]
- Bill Russo on China’s EV Market [CGTN Video]
- China risks loom over U.S. tech giants Tesla and Apple as share prices plunge [CNBC] (Copy and paste the link to your browser: https://www.cnbc.com/2023/01/04/tesla-and-apple-face-china-risks-as-share-prices-plunge.html)
- Tesla owners protest against surprise price cuts they missed [Reuters] (Copy and paste the link to your browser: https://www.autonews.com/china/tesla-owners-protest-against-surprise-price-cuts-they-missed)
- Analysis: Tesla uses its profits as a weapon in an EV price war [Reuters] (Copy and paste the link to your browser: https://www.reuters.com/business/autos-transportation/tesla-uses-its-profits-weapon-an-ev-price-war-2023-01-19/)
- China doesn’t need to sell a single car in the US to dominate the American electric car market [Business insider] (Copy and paste the link to your browser: https://businessinsider.mx/china-united-states-electric-vehicle-market-share-auto-brands-pricing-2023-1/?r=US&IR=T)
- Musk outlines Tesla’s recession playbook: claw back costs [Reuters] (Copy and paste the link to your browser: https://www.reuters.com/business/autos-transportation/musk-outlines-teslas-recession-playbook-claw-back-costs-2023-01-26/)
Featured in EXCELerate Pipeline 41
The 41st edition features 43 qualified companies on our EXCELerate “Menu”, of which 9 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 IoM stack coverage of these startups.
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, which can be obtained by emailing us at [email protected]
1 startup has been added to our “long list” of startups of interest:
- BREEZE is a provider of an electric and autonomous heavy-duty truck
We would be happy to arrange an introduction to any of the companies in our pipeline.
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