Assembly Ventures Raises $76 mn for Inaugural Fund to Drive Innovation in Mobility Sector

Assembly Ventures, the pioneering transatlantic venture capital platform specializing in early-stage investments across the mobility sector, has successfully closed its inaugural fund, raising an impressive $76 million for the Assembly Ventures Fund I. This milestone marks a significant step in the firm’s mission to support visionary entrepreneurs leading transformative innovations in the realms of land, air, sea, and space mobility.
Dollar spending on technologyDedicated to series seed, A, and B investments, Assembly Ventures is committed to fostering exceptional talent that is propelling groundbreaking advancements across various modes of transportation. The company’s investment philosophy is shaped by the expertise of its world-class team, established in 2020 by mobility investors and operators Chris Thomas, Jessica Robinson, and Felix Scheuffelen.

The fund’s closing attests to Assembly’s reputation as a premier player in the venture capital landscape. It recognizes substantial investment opportunities across the United States and Europe, particularly in areas such as battery technology, clean energy solutions, climate technology, supply chain optimization, and automotive production. This surge in interest is driven by a global shift in governments’ and industries’ strategies to reduce technological dependencies, resulting in increased public sector support for critical investments.

With assets under management totaling $94 million, Assembly Ventures stands in a unique position, benefiting from its access to innovation hubs like Detroit, Silicon Valley, and Berlin. In alignment with its expansion plans, Assembly Ventures is in the process of establishing an office in the German capital to oversee European investments. The firm has already announced several investments in line with its Mobility 4.0 thesis, including Metropolis Technologies, NAVIT, Our Next Energy (ONE), and Sortera.

Despite challenges posed by a declining global venture market, marked by a significant decrease in the number of new capital raises for first-time funds, the successful closure of Assembly Ventures Fund I underscores the resilience of the Assembly team. Amidst a backdrop of weaker global economic growth, investors continue to demonstrate a strong appetite for cutting-edge mobility technologies, validating the firm’s strategic investment approach.

Assembly Ventures’ roster of investors includes strategic corporate partners such as Arbor Bancorp, CRONIMET, MANN+HUMMEL, Renaissance Global Logistics, Stellantis Ventures, Vontier, and WF Whelan. Furthermore, a list of individual investors from both the United States and Europe have joined the venture, including notable names such as Wolfgang Bernhart, Matt Cullen, Calvin Ford, Dan Gilbert (DVP), Philipp von Hagen, Joe Hinrichs, Karl Iagnemma, Jody Kelman, Tim Lalonde, Kathleen Ligocki, John Moavenzadeh, Stephen Polk, Tony Posawatz, and Dug Song.

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