Autotech Ventures (Autotech), an early-stage venture capital firm, announced the closing of its third fund worth $230 million fund to invest in Seed through Series C mobility-related startups.
Autotech has over $500 million under management and has invested in more than 40 companies. Of its portfolio companies, five have gone public (including indie Semiconductor, Volta Charging, LYFT), four have reached $1 billion valuations (Outdoorsy, Volta Charging, indie Semiconductor, SWVL) and five have been acquired (DeepScale, XNOR.AI, Digital Motors, Drover, Frontier Car Group).
“Autotech Ventures’ third fund is among the world’s largest mobility-focused funds raised to date and further validates the investment thesis we pursued across our first two funds,” said Quin Garcia, Autotech Ventures managing director.
“Since inception, we have recognized the macro-trends of connectivity, autonomy, shared use, electrification, and digitization of enterprise as tidal waves that are fundamentally transforming our industry.”