Volkswagen

Volkswagen Group is a German multinational automotive company based in Wolfsburg, Lower Saxony. Established in 1937, it designs, manufactures, and distributes a wide range of vehicles, including passenger cars, commercial vehicles, and motorcycles. The company operates under several well-known brand names, such as Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Škoda, and Volkswagen, while its motorcycle division is represented by the Ducati brand. Volkswagen also produces engines and turbomachinery and offers related services like financing, leasing, and fleet management. With around 340 subsidiary companies, Volkswagen has a global presence, operating in approximately 150 countries and maintaining around 100 production facilities across 27 nations. The company is structured into two main divisions: the Automotive Division and the Financial Services Division, allowing it to cater to diverse market needs effectively.

Thomas Ulbrich

CEO

Past deals in Electric Vehicle

Northvolt

Convertible Note in 2022
Northvolt AB, founded in 2016 and based in Stockholm, Sweden, specializes in the manufacture of sustainable lithium-ion batteries tailored for various sectors, including automotive, grid, industrial, portable, and micromobility markets. The company focuses on developing eco-friendly battery solutions that feature a minimal carbon footprint and incorporate advanced recycling technologies. Northvolt provides a range of products, including battery cells, custom cells, and complete battery systems, all designed to support clean energy initiatives and facilitate the electrification of transport. By emphasizing research and development, as well as industrialization, Northvolt aims to establish a reliable supply of sustainable battery cells and systems, enabling industries to transition from fossil fuels to electric alternatives efficiently.

Electrify America

Corporate Round in 2022
Electrify America is a company that owns and manages an electric vehicle charging network. It is a subsidiary of Volkswagen Group of America, established in 2016 by the automaker as part of its efforts to offset emissions in the wake of the Volkswagen emissions scandal.

Europcar

Acquisition in 2021
Europcar is the largest car rental company in Europe and currently has 2825 locations in 143 different countries. Europcar offices in Germany, France, Italy, Spain, Portugal and the United Kingdom are run centrally by Europcar in France, while all other countries are franchisees.

Northvolt

Venture Round in 2021
Northvolt AB, founded in 2016 and based in Stockholm, Sweden, specializes in the manufacture of sustainable lithium-ion batteries tailored for various sectors, including automotive, grid, industrial, portable, and micromobility markets. The company focuses on developing eco-friendly battery solutions that feature a minimal carbon footprint and incorporate advanced recycling technologies. Northvolt provides a range of products, including battery cells, custom cells, and complete battery systems, all designed to support clean energy initiatives and facilitate the electrification of transport. By emphasizing research and development, as well as industrialization, Northvolt aims to establish a reliable supply of sustainable battery cells and systems, enabling industries to transition from fossil fuels to electric alternatives efficiently.

IRP Systems

Series C in 2021
IRP makes electric vehicles powerful and affordable. By leveraging its breakthrough technology in control algorithms and powertrain design, its systems reach an unprecedented level of efficiency, in full compliance with mass-production practices. TrueDrive, IRP's wide portfolio of innovative products, offers high performance, a unique driving experience and advanced functionality, while being cost-effective. Before focusing on e-mobility, IRP has developed, certified and delivered motion systems for safety-critical aerospace applications.

Northvolt

Corporate Round in 2021
Northvolt AB, founded in 2016 and based in Stockholm, Sweden, specializes in the manufacture of sustainable lithium-ion batteries tailored for various sectors, including automotive, grid, industrial, portable, and micromobility markets. The company focuses on developing eco-friendly battery solutions that feature a minimal carbon footprint and incorporate advanced recycling technologies. Northvolt provides a range of products, including battery cells, custom cells, and complete battery systems, all designed to support clean energy initiatives and facilitate the electrification of transport. By emphasizing research and development, as well as industrialization, Northvolt aims to establish a reliable supply of sustainable battery cells and systems, enabling industries to transition from fossil fuels to electric alternatives efficiently.

Northvolt

Venture Round in 2020
Northvolt AB, founded in 2016 and based in Stockholm, Sweden, specializes in the manufacture of sustainable lithium-ion batteries tailored for various sectors, including automotive, grid, industrial, portable, and micromobility markets. The company focuses on developing eco-friendly battery solutions that feature a minimal carbon footprint and incorporate advanced recycling technologies. Northvolt provides a range of products, including battery cells, custom cells, and complete battery systems, all designed to support clean energy initiatives and facilitate the electrification of transport. By emphasizing research and development, as well as industrialization, Northvolt aims to establish a reliable supply of sustainable battery cells and systems, enabling industries to transition from fossil fuels to electric alternatives efficiently.

QuantumScape

Corporate Round in 2020
QuantumScape is a renewable energy company focused on advancing solid-state battery technology to enhance the performance and range of electric vehicles. Founded in 2010 by Jagdeep Singh in San Jose, California, the company aims to transform the battery industry by creating a solid-state battery that offers significantly higher energy storage capacity compared to traditional batteries. QuantumScape is developing next-generation solid-state lithium-metal batteries, featuring an innovative anode-less cell design that improves energy density while reducing material costs and streamlining manufacturing processes. Through these advancements, QuantumScape seeks to facilitate the widespread adoption of electric vehicles.

Audi

Post in 2020
Audi is a manufacturer of luxury vehicles based in Ingolstadt, Germany, known for its emphasis on sporty designs, high build quality, and innovative technology encapsulated in the phrase “Vorsprung durch Technik.” The company produces a range of premium automobiles, including supercars, Super SUVs, and sporty motorcycles under the Audi, Lamborghini, and Ducati brands. As it navigates the evolving landscape of mobility, Audi is implementing its strategy to remain a key player in the automotive industry.

IRP Systems

Series B in 2020
IRP makes electric vehicles powerful and affordable. By leveraging its breakthrough technology in control algorithms and powertrain design, its systems reach an unprecedented level of efficiency, in full compliance with mass-production practices. TrueDrive, IRP's wide portfolio of innovative products, offers high performance, a unique driving experience and advanced functionality, while being cost-effective. Before focusing on e-mobility, IRP has developed, certified and delivered motion systems for safety-critical aerospace applications.

Aeva

Corporate Round in 2019
Aeva is a machine vision company specializing in the development of optical-based sensors for the automotive industry, particularly focusing on lidar technology. Founded in 2016 and based in Mountain View, California, Aeva's innovative Frequency Modulated Continuous Wave (FMCW) sensing technology combines vision, depth, and motion sensors into a single product, enhancing performance in various environmental conditions. This advanced lidar-on-chip system offers superior range and resolution, allowing for precise velocity measurement of every pixel in the scene. Aeva's technology aims to facilitate the adoption of lidar across a wide range of applications, including automated driving, consumer electronics, industrial automation, and security. The company primarily generates its revenue from North America, while also operating in EMEA and Asia.

Northvolt

Corporate Round in 2019
Northvolt AB, founded in 2016 and based in Stockholm, Sweden, specializes in the manufacture of sustainable lithium-ion batteries tailored for various sectors, including automotive, grid, industrial, portable, and micromobility markets. The company focuses on developing eco-friendly battery solutions that feature a minimal carbon footprint and incorporate advanced recycling technologies. Northvolt provides a range of products, including battery cells, custom cells, and complete battery systems, all designed to support clean energy initiatives and facilitate the electrification of transport. By emphasizing research and development, as well as industrialization, Northvolt aims to establish a reliable supply of sustainable battery cells and systems, enabling industries to transition from fossil fuels to electric alternatives efficiently.

WirelessCar

Acquisition in 2018
WirelessCar AB specializes in providing telematics services for manufacturers of cars and commercial vehicles, operating in Sweden and internationally. Established in 1999 and based in Gothenburg, the company offers a range of services, including emergency calls, remote diagnostics, vehicle tracking, and remote vehicle management features such as immobilization and lock/unlock functions. WirelessCar serves both the automotive and commercial vehicle sectors, offering tailored solutions that support vehicle management, transport management, and integration with enterprise resource planning (ERP) systems. With over 15 years of experience, WirelessCar operates across more than 50 countries, supported by teams in various locations, including Brazil, China, India, Japan, Sweden, and the United States. The company's open telematics platform enables clients, including prominent manufacturers like Audi, Nissan, and Volvo Cars, to maximize the benefits of connected services for their customers.

ONO

Grant in 2018
Creating transformative change in urban mobility, making our cities cleaner and more enjoyable. We first focus on urban logistics, moving goods around the city in ways that are sustainable, efficient and cost-effective. Our vehicle and its modular platform system, with easily swappable modular units, meets the needs of city logistics. From moving food to flowers to furniture, the possibilities are endless. ONO’s founders, pioneer in e-mobility solutions, Beres Seelbach, former head of design at Mercedes and Volkswagen, Murat Günak, and light electric vehicle expert and engineer, Philipp Kahle, sought to rethink and reshape modern urban transportation. They put together a forward-thinking group of designers, engineers and creative thinkers who shared their vision of transforming urban mobility. ONO is a Berlin-based e-mobility company introducing a whole new category of emissions-free vehicle: the Pedal Assisted Transporter (PAT), combining the flexibility of a bicycle with the capacity and durability of a van. We offer environmentally friendly urban logistics solutions designed and optimised for cities of today.

QuantumScape

Corporate Round in 2018
QuantumScape is a renewable energy company focused on advancing solid-state battery technology to enhance the performance and range of electric vehicles. Founded in 2010 by Jagdeep Singh in San Jose, California, the company aims to transform the battery industry by creating a solid-state battery that offers significantly higher energy storage capacity compared to traditional batteries. QuantumScape is developing next-generation solid-state lithium-metal batteries, featuring an innovative anode-less cell design that improves energy density while reducing material costs and streamlining manufacturing processes. Through these advancements, QuantumScape seeks to facilitate the widespread adoption of electric vehicles.

GoFun

Series A in 2017
Provider of new energy car rental services and developer of rental application software. The company provides new energy cars for rental and allows customers to rent cars on smart phones, enabling consumers to book vehicles according to their personal needs.

Shouqi Zhixing

Series A in 2017
Shouqi Zhixing, which operates electric vehicle sharing platform GoFun, is founded in 2015 and controlled by Beijing Shouqi Group Co., Ltd. The company allows people to rent EV by scanning their ID card. As of this October, it has 10,000 cars available for renting.

Hubject

Funding Round in 2016
Hubject, founded in 2012, offers an "eRoaming" platform which aims to connect up EV charging stations and unify overall charging infrastructure for better mapping and easier payment solutions.

GoFun

Venture Round in 2016
Provider of new energy car rental services and developer of rental application software. The company provides new energy cars for rental and allows customers to rent cars on smart phones, enabling consumers to book vehicles according to their personal needs.

QuantumScape

Corporate Round in 2014
QuantumScape is a renewable energy company focused on advancing solid-state battery technology to enhance the performance and range of electric vehicles. Founded in 2010 by Jagdeep Singh in San Jose, California, the company aims to transform the battery industry by creating a solid-state battery that offers significantly higher energy storage capacity compared to traditional batteries. QuantumScape is developing next-generation solid-state lithium-metal batteries, featuring an innovative anode-less cell design that improves energy density while reducing material costs and streamlining manufacturing processes. Through these advancements, QuantumScape seeks to facilitate the widespread adoption of electric vehicles.

Porsche

Acquisition in 2012
Porsche, founded in 1931 and headquartered in Stuttgart, Germany, specializes in the engineering and manufacturing of premium and luxury sports cars, SUVs, and sedans. The brand is renowned for its commitment to performance, quality, and innovation, particularly in the realms of motorsports and German engineering. In addition to its vehicle offerings, Porsche provides a range of services including vehicle financing, leasing, banking, insurance, and fleet management. The company's Strategy 2025 focuses on the future of sports cars, integrating sustainability and advanced technologies such as electromobility, digitalization, and connectivity. In 2023, Porsche delivered over 320,000 vehicles globally, with significant sales in China, Europe, and North America. The brand's dedication to quality and performance continues to shape its reputation as a leader in the automotive industry.
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