06 Aug Automobility Tech Deals [3Q2024]
8th Edition – July, 2024
Internet of Mobility
Generative AI
DEONTIC
Copy and paste below link and open on your browser for the Investment Opportunity Memo: https://coats-share-oiq.craft.me/Q73eJlCv4IBn91
ARMONIC’s technology centers on a mixed-reality (MR) software platform designed to integrate and enhance digital and physical experiences. Their configurable software is utilized across various industries, including aerospace, automotive, and sports, providing tools for augmented reality (AR) and MR application development. The platform supports real-time 3D visualization, data integration, and interactive experiences, enabling businesses to leverage MR for training, design, and operational purposes.
Traction & milestones: With roots in the Space and Aviation domain, ARMONIC delivers a configurable MR software platform to a range of industries – from some of the world’s most demanding aerospace clients to Automotive OEMs and Fortune 500 Sports and Lifestyle brands.
Funding round: ARMONIC is seeking strategic partnerships to fuel their growth initiatives, including research and development, talent acquisition, market expansion, and further enhancement of mixed-reality software technology.
Copy and paste below link and open on your browser for the Investment Opportunity Memo: https://coats-share-oiq.craft.me/XZxTjC3DV912NO
Energy Harvesting
ENERVIBE
Enervibe is an energy harvesting technology solutions provider. Claims to have developed a MEMS-based dynamic vibration energy harvester chip technology for harvesting energy from vibrating sources such as human motion, structures, and machines. Used in the tire pressure monitoring system, smart sports gadgets, wireless battery-free light switches, and more.
Traction & milestones: Enervibe has recently achieved a significant milestone by securing substantial financial backing from the esteemed Israel Innovation Authority. This recognition underscores their commitment to innovation and the tireless pursuit of pushing the boundaries in the automotive industry.
Funding round: Enervibe is raising a SAFE round of $2M in 2024.
Copy and paste below link and open on your browser for the Investment Opportunity Memo: https://coats-share-oiq.craft.me/LLrYVkQXvM5OAr
Mobility Solutions
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, 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, Koelliker Group in Italy, and Chery in N.America and Europe.
Funding round: B-ON is currently accepting follow-on investments to their Series B round.
Copy and paste below link and open on your browser for the Investment Opportunity Memo: https://coats-share-oiq.craft.me/5ZZbcgurUgWft8
DELOREAN MOTOR COMPANY
DeLorean Motor Company (DMC) is a full-service automotive brand, reviving its iconic legacy with modern innovations. The company leverages its cultural impact and exclusive heritage to target niche markets with premium offerings. Based in the USA, DMC focuses on bringing nostalgia and authenticity to the automotive world, tapping into emotional connections and brand loyalty to drive its market strategy.
Traction & milestones: DeLorean Motors as a frontrunner in sustainable, high-performance automotive technology. Additionally, a surge of 40% in pre-orders for their flagship DMX-12 model underscores the market’s enthusiasm for Delorean’s innovative approach to mobility, propelling the company towards significant growth and industry prominence.
Funding round: Delorean Motors is actively seeking strategic partnerships to secure funding in an effort to rekindle its legacy with a cutting-edge electric vehicle.
Copy and paste below link and open on your browser for the Investment Opportunity Memo: https://coats-share-oiq.craft.me/i6in3FwolDinku
Blitz Motors
Blitz Motors focuses on development of all-electric two-wheeled vehicles for the last mile industry and urban city commute. The company also offers customization services for its B2B customers who have delivery and logistics applications. The company has its branches across a number of countries in Europe.
Traction & milestones: Blitz Motors provides smart e-mobility solutions equipped with data analytics for predictive maintenance and enhanced operational efficiency. This allows their customers to mitigate issues with their moped fleets before they arise. Their clientele includes major brands like Domino’s Pizza, Pizza Hut, McDonald’s, Gorillas, Sushi Shop, as well as delivery services and government entities such as the Israel Postal Company.
Funding round: Blitz Motors is actively seeking strategic partnerships to fund their international growth effort.
Copy and paste below link and open on your browser for the Investment Opportunity Memo: https://coats-share-oiq.craft.me/pF58POs8O771s9
Energy Transition
Upstream
Lithium Extraction
XtraLit
XtraLit is a provider of innovative lithium extraction solutions. It utilizes Direct Lithium Extraction (DLE) technology to produce high-quality lithium carbonate and hydroxide from low-concentration sources such as salt lakes, geothermal waters, and underground brines. This method is efficient, environmentally friendly, and helps diversify lithium supply while ensuring high selectivity and durability of the extracted lithium.
Traction & milestones: XtraLit recently announced its plan to invest €96.4 million in Argentina to expand lithium exploration and develop sustainable extraction technologies.
Funding round: XtraLit secured Series B funding of $30M and is seeking additional $8M follow on investors and strategic partners.
Copy and paste below link and open on your browser for the Investment Opportunity Memo: https://coats-share-oiq.craft.me/q6akqKrNPERib5
Midstream
Thermal Management System
CARRAR
Carrar is a provider of thermal management solutions. It offers thermal management solutions for batteries, powertrain, electric-vehicle charging infrastructure, etc. The system offers optimal boiling that manages heat fluxes for charging which preserves battery life. Also, provides a two-phase immersion cooling system, ensuring uniform temperature down to the cell level, preserving battery life, increasing passenger safety, and advancing the drive toward a pollution-free world.
Traction & milestones: Carrar has reached a pivotal milestone with the launch of its groundbreaking material solutions, propelling the company to the forefront of the industry. The innovative product line is already gaining traction across sectors for its exceptional performance and sustainability, highlighting Carrar’s commitment to technological advancement and customer success.
Funding round: Carrar has secured Seed funding of $11M and is closing its Series A funding by the end of this year.
Copy and paste below link and open on your browser for the Investment Opportunity Memo: https://coats-share-oiq.craft.me/COpyIyAV6jlE6d
Downstream
Copy and paste below link and open on your browser for the Investment Opportunity Memo: https://coats-share-oiq.craft.me/Ry3DNs6YJS6sx3
About Automobility
Please find below contact details for our offices in Shanghai, Hong Kong and Tel Aviv or contact us at [email protected]
Official Website: http://automobility.io/
Tel +86 139 1757 7148
Hong Kong
Sorry, the comment form is closed at this time.