Fidelity

Founded in 1946, Fidelity is a leading privately-owned investment manager offering a wide range of services including IRAs, retirement planning, wealth management, and securities execution. It serves individual investors, businesses, financial advisors, and institutions worldwide, managing equity, fixed-income, and balanced mutual funds through global public markets.

Sungjung Kim

Analyst (Blockchain Innovation)

Tony Liu

Director, Private Markets

Nicholas Price,

Portfolio Manager

Jed Wrigley

Director

Danny Wynn

Director - GPS Record Keeping Platforms

Derek Young

President, Japan

Past deals in Electric Vehicle

Nuro

Series E in 2025
Nuro is a technology company that develops autonomous driving technology and self-driving vehicles for local goods delivery. The company focuses on transforming local commerce by enabling merchants to deliver products directly to customers through autonomous delivery systems. Its autonomous driving platform is designed to work across vehicle types and to enable affordable, scalable fleet operations for goods transportation, reducing delivery times and offering a safer, contactless option for last-mile logistics.

Beta Technologies

Series C in 2024
Beta Technologies designs and develops electric aircraft and related systems, including propulsion, energy storage, and flight control technologies, with a focus on clean aviation. It builds integrated solutions to enable scalable electric flight, including charging infrastructure and pilot training tools for cargo, medical, passenger, and defense applications, and supports a self-sufficient eVTOL ecosystem that aims to improve access to vertical mobility for logistics and healthcare transport.

Wolfspeed

Post in 2024
Wolfspeed is a leading manufacturer specializing in wide bandgap semiconductors, particularly silicon carbide (SiC) and gallium nitride (GaN) materials and devices. The company plays a crucial role in the transformation of the semiconductor industry, supporting the transition to electric vehicles, the deployment of faster 5G networks, and advancements in renewable energy and energy storage systems. Wolfspeed offers a range of products designed for power and radio-frequency applications, including use in transportation, power supplies, inverters, and wireless systems. With a workforce of over 550 skilled employees, the company boasts a robust intellectual property portfolio of approximately 2,000 patents and patent applications. Its operations are primarily based in Europe, with additional revenue derived from the United States, China, Hong Kong, and other regions.

Beta Technologies

Series B in 2022
Beta Technologies designs and develops electric aircraft and related systems, including propulsion, energy storage, and flight control technologies, with a focus on clean aviation. It builds integrated solutions to enable scalable electric flight, including charging infrastructure and pilot training tools for cargo, medical, passenger, and defense applications, and supports a self-sufficient eVTOL ecosystem that aims to improve access to vertical mobility for logistics and healthcare transport.

GaN Systems

Venture Round in 2021
GaN Systems develops and manufactures gallium nitride power switching transistors for various applications. Its products include 650 V E-HEMT and 100 V E-HEMT transistors, serving consumer brand and enterprise equipment manufacturers globally.

Bird

Post in 2021
Bird designs and operates a micro-mobility platform offering shared personal electric vehicles, such as e-scooters and electric bicycles, to urban communities. The platform coordinates with cities to provide affordable, sustainable transportation that can be picked up and dropped off anywhere, reducing car trips and traffic while supporting integration with public transit. The service operates in multiple markets, including Canada, and features a user profile and a network for sharing vehicles among members, with options to access additional electric mobility products as the platform expands.

Lime

Convertible Note in 2021
Lime operates a smart mobility fleet comprising electric scooters and pedal bikes, aiming to provide sustainable first- and last-mile transportation solutions. The company partners with cities worldwide to offer affordable, convenient, and eco-friendly travel alternatives.

Nuro

Series D in 2021
Nuro is a technology company that develops autonomous driving technology and self-driving vehicles for local goods delivery. The company focuses on transforming local commerce by enabling merchants to deliver products directly to customers through autonomous delivery systems. Its autonomous driving platform is designed to work across vehicle types and to enable affordable, scalable fleet operations for goods transportation, reducing delivery times and offering a safer, contactless option for last-mile logistics.

Rad Power Bikes

Series D in 2021
Rad Power Bikes LLC, based in Seattle, Washington, is North America's largest electric bike brand, incorporated in 2015. The company designs and manufactures electric bicycles suitable for both on and off-road use, offering feature-rich and affordable options tailored to individual needs. In addition to its bikes, Rad Power Bikes provides a range of accessories, including bags, fenders, racks, and safety products, as well as replacement parts like batteries and tires. Utilizing a direct-to-consumer sales model, the company has experienced rapid growth and aims to democratize electric biking, making energy-efficient transportation accessible and enjoyable for a wide audience. With a team of over 700 employees, Rad Power Bikes is committed to transforming the landscape of electric mobility.

Volta Charging

Post in 2021
Volta Charging is a company that designs, installs, and maintains a network of electric vehicle charging stations across the United States. Founded in 2010 and headquartered in San Francisco, California, Volta focuses on enhancing the accessibility of electric vehicle charging by strategically placing stations in high-traffic areas where consumers are active. The company collaborates with sponsor brands to fund its charging infrastructure, effectively turning these stations into valuable marketing and advertising spaces. By doing so, Volta not only supports the shift from combustion-powered vehicles to electric mobility but also helps its partners engage with consumers at critical moments in the purchasing process. This innovative approach positions Volta as a significant player in the evolving landscape of electric vehicle infrastructure.

Joby Aviation

Post in 2021
Founded in 2009, Joby Aviation is a pioneering electric mobility company based in Santa Cruz, California. The company specializes in developing fully electric vertical take-off and landing passenger aircraft optimized for air-transportation-as-a-service. Its flagship vehicle is a 5-seat aircraft designed to reduce urban congestion and accelerate the shift to sustainable modes of transit.

Redwood Materials

Series C in 2021
Founded by JB Straubel in Nevada, Redwood Materials specializes in recycling lithium-ion batteries and electronics. It develops processes to extract and refine key materials like lithium, nickel, cobalt, and copper, creating a circular supply chain for electric vehicles and energy storage systems. The company aims to reduce environmental impact and lower production costs by recycling end-of-life products.

Lucid Motors

Post in 2021
Lucid Motors, established in 2007, specializes in manufacturing electric vehicles (EVs). Headquartered in Menlo Park, California, with a production facility in Casa Grande, Arizona, the company aims to create innovative EVs that transcend conventional limitations of space, performance, and intelligence. Lucid Motors has strategic partnerships with battery cell suppliers Samsung SDI and LG Chem to support its EV production.

Rivian

Private Equity Round in 2021
Rivian Automotive, LLC is an automotive technology company that specializes in the development and manufacturing of electric adventure vehicles. Founded in 2009 by Robert J. Scaringe, the company is headquartered in Plymouth, Michigan, with additional facilities across multiple locations, including California, Illinois, the United Kingdom, and Canada. Rivian's primary offerings include the R1T, a five-passenger electric pickup truck, and the R1S, a seven-passenger electric sport utility vehicle. The company aims to advance sustainable mobility by creating innovative electric vehicles that redefine traditional automotive economics while providing a comfortable and eco-friendly driving experience.

Hyzon Fuel Cell

Post in 2021
Hyzon Motors Inc is a manufacturer of hydrogen fuel cell-powered commercial vehicles, specializing in heavy-duty trucks, medium-duty trucks, and buses, including city and coach models. Founded in 2020 and headquartered in Honeoye Falls, New York, the company operates on a global scale, servicing markets in North America, Europe, China, and Australasia. Hyzon is committed to addressing the demand for zero-emission vehicles by integrating its advanced fuel cell and electric propulsion technologies into established vehicle platforms. In addition to vehicle manufacturing, the company is actively involved in developing a clean hydrogen supply ecosystem, collaborating with partners across the entire value chain, from feedstocks and production to dispensing and financing. This approach positions Hyzon to potentially expand its offerings to include light-duty commercial vehicles in the future.

FREYR

Post in 2021
FREYR AS is a Norwegian company based in Mo i Rana that specializes in the production and sale of lithium-ion battery cells for electric vehicles and energy storage. The company aims to offer clean battery solutions with high density and competitive pricing while maintaining a reduced carbon footprint. In addition to its core focus on electric mobility and stationary energy storage, FREYR is exploring opportunities in marine transportation and aviation markets. The company also operates a 600 MW wind park in Norway, supporting its commitment to renewable energy and sustainability.

Proterra

Post in 2021
Proterra Inc. is a manufacturer of zero-emission electric buses, primarily focused on providing sustainable transportation solutions for public and commercial transit. Founded in 2004 and headquartered in Burlingame, California, with additional offices in Greenville, South Carolina, and City of Industry, California, Proterra designs its products, including 35-foot and 40-foot electric buses, to meet the diverse needs of urban and regional transit routes. The company's Catalyst platform is noted for its modularity, allowing it to adapt to various operational demands while delivering high energy efficiency. Proterra also offers a broad range of services, including vehicle electrification solutions, fleet planning, charging infrastructure, and comprehensive vehicle maintenance programs. By facilitating the transition away from fossil fuels, Proterra aims to enhance environmental quality and reduce operational costs for fleet operators, contributing to significant reductions in greenhouse gas emissions.

Beta Technologies

Series A in 2021
Beta Technologies designs and develops electric aircraft and related systems, including propulsion, energy storage, and flight control technologies, with a focus on clean aviation. It builds integrated solutions to enable scalable electric flight, including charging infrastructure and pilot training tools for cargo, medical, passenger, and defense applications, and supports a self-sufficient eVTOL ecosystem that aims to improve access to vertical mobility for logistics and healthcare transport.

Enevate

Series E in 2021
Enevate Corporation is an innovative company specializing in the development of advanced silicon-dominant lithium-ion batteries, particularly for electric vehicles (EVs). Founded in 2005 and headquartered in Irvine, California, Enevate aims to revolutionize EV charging by enabling ultrafast charging capabilities comparable to traditional gas refueling. The company's proprietary HD-Energy and XFC-Energy technologies provide significant advantages, including high energy density, low-temperature performance, and enhanced safety. With a robust portfolio of over 250 patents, Enevate's products are designed for compatibility with a variety of devices, from smartphones to drones and electric vehicles. The company is committed to accelerating the mass adoption of electric vehicles by addressing key challenges in battery performance and charging efficiency.

Rad Power Bikes

Venture Round in 2021
Rad Power Bikes LLC, based in Seattle, Washington, is North America's largest electric bike brand, incorporated in 2015. The company designs and manufactures electric bicycles suitable for both on and off-road use, offering feature-rich and affordable options tailored to individual needs. In addition to its bikes, Rad Power Bikes provides a range of accessories, including bags, fenders, racks, and safety products, as well as replacement parts like batteries and tires. Utilizing a direct-to-consumer sales model, the company has experienced rapid growth and aims to democratize electric biking, making energy-efficient transportation accessible and enjoyable for a wide audience. With a team of over 700 employees, Rad Power Bikes is committed to transforming the landscape of electric mobility.

Rivian

Private Equity Round in 2021
Rivian Automotive, LLC is an automotive technology company that specializes in the development and manufacturing of electric adventure vehicles. Founded in 2009 by Robert J. Scaringe, the company is headquartered in Plymouth, Michigan, with additional facilities across multiple locations, including California, Illinois, the United Kingdom, and Canada. Rivian's primary offerings include the R1T, a five-passenger electric pickup truck, and the R1S, a seven-passenger electric sport utility vehicle. The company aims to advance sustainable mobility by creating innovative electric vehicles that redefine traditional automotive economics while providing a comfortable and eco-friendly driving experience.

QuantumScape

Post 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.

Nuro

Series C in 2020
Nuro is a technology company that develops autonomous driving technology and self-driving vehicles for local goods delivery. The company focuses on transforming local commerce by enabling merchants to deliver products directly to customers through autonomous delivery systems. Its autonomous driving platform is designed to work across vehicle types and to enable affordable, scalable fleet operations for goods transportation, reducing delivery times and offering a safer, contactless option for last-mile logistics.

Lordstown Motors

Post in 2020
Lordstown Motors is an automotive company specializing in the development and manufacture of light-duty electric trucks, primarily for fleet customers.

Rivian

Private Equity Round in 2020
Rivian Automotive, LLC is an automotive technology company that specializes in the development and manufacturing of electric adventure vehicles. Founded in 2009 by Robert J. Scaringe, the company is headquartered in Plymouth, Michigan, with additional facilities across multiple locations, including California, Illinois, the United Kingdom, and Canada. Rivian's primary offerings include the R1T, a five-passenger electric pickup truck, and the R1S, a seven-passenger electric sport utility vehicle. The company aims to advance sustainable mobility by creating innovative electric vehicles that redefine traditional automotive economics while providing a comfortable and eco-friendly driving experience.

Nikola Motor Company

Post in 2020
Nikola Motor Company is an electric vehicle manufacturer based in Salt Lake City, Utah, founded in 2014. The company specializes in developing hydrogen fuel cells, battery electric trucks, and associated energy solutions, with the goal of transforming the transportation industry on a global scale. Nikola gained significant attention for its ambition to revolutionize the trucking sector through innovative electric and hydrogen fuel cell technologies. Initially, the company focused on creating zero-emission hydrogen fuel cell trucks designed for long-haul commercial use, with a range of up to 1,200 miles. Additionally, Nikola planned to establish hydrogen refueling infrastructure to support its vehicles, further enhancing its commitment to sustainable transportation solutions.

Amantys

Series A in 2011
Amantys Ltd, founded in 2010, focuses on bringing advanced power electronics technology from Cambridge University to the market. The company designs and manufactures power electronic systems intended for medium and high voltage applications across various sectors of the energy industry. By specializing in highly programmable power electronic equipment, Amantys aims to minimize energy loss in transmission grids and electric vehicles through precise switching control. This innovation helps clients enhance the availability, efficiency, and cost-effectiveness of their power electronic systems.
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