Fidelity

Fidelity is a privately owned investment management firm that caters to a diverse clientele, including individual investors, businesses, financial advisors, and institutions. The company offers a broad range of financial services, such as retirement planning, estate planning, wealth management, and life insurance. Additionally, Fidelity specializes in discount brokerage and provides various investment products including mutual funds, annuities, and managed portfolios. The firm emphasizes the financial well-being of its clients by conducting in-house research to inform its investment strategies. With a focus on helping clients achieve their financial goals, Fidelity plays a significant role in the financial services industry.

Brett J. Rome

Managing Director

Past deals in Transportation

Nuro

Series E in 2025
Nuro, Inc. is a technology company established in 2016 and headquartered in Mountain View, California. The company specializes in manufacturing self-driving vehicles specifically designed for local goods transportation. Nuro's autonomous delivery service enhances local commerce by enabling merchants to efficiently deliver a wide range of products, including food and pharmaceuticals, directly to customers. Their fleet of electric, fully autonomous vehicles aims to provide quick, affordable, and safe delivery options, thereby transforming the logistics of local deliveries.

Waymo

Series C in 2024
Waymo is a self-driving technology company focused on enhancing mobility by creating safe and efficient transportation solutions. Established from advancements in Google's research since 2009, Waymo aims to improve the movement of people and goods through its innovative software and sensor technology. In 2015, the company marked a significant milestone by conducting the world's first fully autonomous trip on public roads in a vehicle devoid of traditional driving controls. Waymo continually refines its technology through extensive simulation testing, accumulating over one billion miles of virtual testing annually, while its autonomous vehicles have logged more than two million miles on public roads in four U.S. cities. By employing integrated sensors and artificial intelligence, Waymo's technology is designed to detect various obstacles such as pedestrians, cyclists, and road conditions, ensuring a safe and convenient on-demand travel experience for users.

Beta Technologies

Series B in 2022
Beta Technologies specializes in the design and development of electric aircraft, including advanced flight control and electric propulsion systems, with a strong emphasis on clean aviation technology. The company aims to establish a new paradigm for transporting goods and people through its self-sufficient electric vertical takeoff and landing (eVTOL) aircraft ecosystem. This ecosystem is designed to meet human mobility needs while adhering to environmental principles. Additionally, Beta Technologies is working on a comprehensive electric transportation system that features net-zero, all-electric aircraft and a multimodal charging infrastructure to support various electric vehicles. The company also offers training programs for pilots and maintenance personnel, catering to clients in the cargo, passenger, and emergency response sectors, and enabling them to implement more efficient, cleaner, and faster transportation solutions.

Bolt

Series F in 2022
Bolt is the first European app with a mission to make cities for people, not cars. Bolt has 100 million customers in 45 countries across Europe and Africa. The company challenges personal car ownership, offering better alternatives for every use case, including ride-hailing, shared cars and scooters, and food and grocery delivery. Bolt was founded in 2013 and is headquartered in Tallinn, Estonia.

Grab

Post in 2021
Grab Holdings Inc. is a prominent online-to-offline service provider based in Singapore, focusing on mobile technology solutions for transportation across Southeast Asia. Founded in 2012 by Anthony Tan and Tan Hooi Lng, Grab integrates various transportation services through its platform, which includes offerings such as GrabTaxi, GrabCar, GrabHitch, GrabShare, GrabCoach, GrabShuttle, GrabShuttle Plus, GrabFamily, JustGrab, GrabNow, and GrabRental. The company operates in multiple countries, including Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar. In addition to its headquarters in Singapore, Grab has offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam, further extending its reach and capabilities within the region.

Bird

Post in 2021
Bird operates a micro-mobility platform focused on providing affordable transportation solutions through the sharing of personal electric vehicles, such as e-scooters and electric bicycles. The company collaborates with cities to enhance urban mobility, allowing users to access vehicles that can be picked up and dropped off at various locations. By promoting the use of electric vehicles, Bird aims to reduce car trips, alleviate traffic congestion, and lower carbon emissions. The platform is designed to offer a sustainable and environmentally friendly alternative to traditional motor vehicle transportation, enhancing accessibility in urban areas. Bird currently provides its services in multiple locations, including over ten cities in Canada.

Aurora

Post in 2021
Aurora is a self-driving vehicle company providing a platform that brings software and data services to operate passenger vehicles. To move both people and goods, the company develops Aurora Driver, a platform that brings together software, hardware, and data services to operate passenger vehicles, light commercial vehicles, and heavy-duty trucks. Aurora is backed by Amazon and Sequoia, among others, and partners with industry leaders including Toyota, Uber, Volvo, and Paccar. Aurora tests its vehicles in the Bay Area, Pittsburgh, and Dallas. The company has offices in those areas as well as in Bozeman, MT; Seattle, WA; Louisville, CO; and Wixom, MI.

Lime

Convertible Note in 2021
Lime is a transportation company that focuses on providing sustainable solutions for urban mobility by offering electric scooters and bike-sharing services. The company partners with cities to deploy a fleet of electric bikes and scooters equipped with GPS and self-activating locks, which allows users to access affordable and reliable transportation options. Lime aims to address the first- and last-mile transportation challenges, promoting environmentally friendly alternatives that help reduce carbon footprints. By encouraging a shift in transportation behavior, Lime seeks to empower future generations to contribute to a more sustainable planet.

Nuro

Series D in 2021
Nuro, Inc. is a technology company established in 2016 and headquartered in Mountain View, California. The company specializes in manufacturing self-driving vehicles specifically designed for local goods transportation. Nuro's autonomous delivery service enhances local commerce by enabling merchants to efficiently deliver a wide range of products, including food and pharmaceuticals, directly to customers. Their fleet of electric, fully autonomous vehicles aims to provide quick, affordable, and safe delivery options, thereby transforming the logistics of local deliveries.

Otonomo Technologies

Post in 2021
Otonomo is a provider of vehicle data, operating a platform that connects original equipment manufacturers (OEMs), fleets, and various service providers within a robust data ecosystem. The Otonomo Vehicle Data Platform securely ingests over 4 billion data points daily from more than 40 million vehicles, enriching and reshaping this data to facilitate the development of new services that enhance the automotive experience. The platform emphasizes privacy and neutrality, ensuring compliance with regulations such as GDPR and CCPA. It functions as a neutral intermediary, offering secure access to a wide range of data attributes that provide insights into driver behavior, vehicle health, and traffic conditions. Otonomo's solutions support diverse use cases, including emergency services, mapping, electric vehicle management, subscription services, parking, predictive maintenance, insurance, media, and smart city initiatives. The company operates primarily in the APAC and U.S. markets, generating significant revenue from the EMEA region.

Joby Aviation

Post in 2021
Joby Aviation is an electric mobility company based in Santa Cruz, California, focused on developing fully electric vertical take-off and landing aircraft. Established in 2009, the company is designing an aircraft that can carry a pilot and four passengers at speeds of up to 200 mph, with a range of 150 miles on a single charge. Joby Aviation aims to launch its air taxi service in 2024, providing a fast, quiet, and convenient transportation option to alleviate urban congestion and promote sustainable transit solutions. The company's innovative approach positions it at the forefront of the emerging air transportation market.

HYZON Motors

Post in 2021
HYZON Motors Inc is a manufacturer of hydrogen fuel cell-powered commercial vehicles, including heavy-duty trucks, medium-duty trucks, city buses, and coaches. Founded in 2020 and based in Honeoye Falls, New York, the company operates globally, supplying vehicles across North America, Europe, China, and Australasia. In addition to vehicle manufacturing, HYZON is committed to developing a clean hydrogen supply ecosystem by collaborating with partners involved in feedstock sourcing, production, dispensing, and financing. The company aims to address the growing demand for zero-emission vehicles by utilizing advanced fuel cell and electric propulsion technologies to electrify established vehicle platforms. Future expansion into light-duty commercial vehicles is also anticipated, further broadening its impact in the clean transportation sector.

Wheels Up Partners

Post in 2021
Wheels Up is a membership-based private aviation company in the United States that aims to make private flying more accessible and affordable. It provides on-demand private aviation services through an innovative platform that connects consumers with safety-vetted aircraft. Members can book flights, manage their accounts, and explore ride-share options using a mobile app. Wheels Up offers a variety of travel alternatives through a combination of programmatic and charter services, utilizing both owned and leased aircraft as part of an asset-light model. Additionally, members can participate in the Wheels Down program, enhancing their overall experience. The company is dedicated to delivering flexibility, service, and safety in private aviation.

Waymo

Private Equity Round in 2021
Waymo is a self-driving technology company focused on enhancing mobility by creating safe and efficient transportation solutions. Established from advancements in Google's research since 2009, Waymo aims to improve the movement of people and goods through its innovative software and sensor technology. In 2015, the company marked a significant milestone by conducting the world's first fully autonomous trip on public roads in a vehicle devoid of traditional driving controls. Waymo continually refines its technology through extensive simulation testing, accumulating over one billion miles of virtual testing annually, while its autonomous vehicles have logged more than two million miles on public roads in four U.S. cities. By employing integrated sensors and artificial intelligence, Waymo's technology is designed to detect various obstacles such as pedestrians, cyclists, and road conditions, ensuring a safe and convenient on-demand travel experience for users.

Proterra

Post in 2021
Proterra Inc. designs and manufactures zero-emission electric buses, including its 35-foot and 40-foot Catalyst models, aimed at reducing operating costs and delivering clean transportation across North America. The company offers a comprehensive range of services, including pre-delivery consultations, training programs, mid-life inspections, and vehicle electrification solutions. Proterra also produces batteries, chargers, and drive trains, alongside a connected vehicle intelligence system. Their electric buses are built to accommodate various urban and regional transit needs and are noted for their durability and energy efficiency, as demonstrated through independent testing. By providing fleet planning, charging infrastructure, telematics, and energy management solutions, Proterra helps clients transition away from fossil fuels. Established in 2004 and headquartered in Burlingame, California, the company has additional offices in South Carolina and California, contributing to a significant reduction in greenhouse gas emissions and fuel consumption through its innovative technologies.

Beta Technologies

Series A in 2021
Beta Technologies specializes in the design and development of electric aircraft, including advanced flight control and electric propulsion systems, with a strong emphasis on clean aviation technology. The company aims to establish a new paradigm for transporting goods and people through its self-sufficient electric vertical takeoff and landing (eVTOL) aircraft ecosystem. This ecosystem is designed to meet human mobility needs while adhering to environmental principles. Additionally, Beta Technologies is working on a comprehensive electric transportation system that features net-zero, all-electric aircraft and a multimodal charging infrastructure to support various electric vehicles. The company also offers training programs for pilots and maintenance personnel, catering to clients in the cargo, passenger, and emergency response sectors, and enabling them to implement more efficient, cleaner, and faster transportation solutions.

Arrival

Post in 2021
Arrival Limited is a technology company focused on manufacturing electric vehicles and developing related software, materials, and components. Founded in 2015 and headquartered in London, the company aims to provide zero-emission solutions for urban mobility through innovative, human-centered designs. Arrival also utilizes scalable skateboard platforms and micro-factories, which can be deployed globally to adapt to local mobility ecosystems. This approach allows for cost-effective production with low capital expenditure, enabling the company to address the growing demand for sustainable public transportation options. In addition to its London headquarters, Arrival has offices in several countries, including Germany, the Netherlands, Israel, Russia, and the United States.

Full Truck Alliance

Venture Round in 2020
Full Truck Alliance is a Chinese company that operates a platform connecting shippers with truckers to facilitate the transportation of goods over various distances and cargo weights. The company provides comprehensive services to both shippers and truckers through its mobile and web platforms. Its primary source of revenue comes from the use of these platforms for freight matching services, as well as additional value-added services. By streamlining the logistics process, Full Truck Alliance aims to enhance efficiency in freight transportation within the region.

Nuro

Series C in 2020
Nuro, Inc. is a technology company established in 2016 and headquartered in Mountain View, California. The company specializes in manufacturing self-driving vehicles specifically designed for local goods transportation. Nuro's autonomous delivery service enhances local commerce by enabling merchants to efficiently deliver a wide range of products, including food and pharmaceuticals, directly to customers. Their fleet of electric, fully autonomous vehicles aims to provide quick, affordable, and safe delivery options, thereby transforming the logistics of local deliveries.

Nikola Motor Company

Post in 2020
Nikola Motor Company, founded in 2014 and based in Salt Lake City, Utah, is an electric vehicle manufacturer that specializes in developing hydrogen fuel cells, battery electric trucks, and energy solutions. The company aims to transform the transportation industry by introducing innovative technologies focused on zero-emission vehicles. Nikola gained prominence for its plans to create long-haul commercial trucks powered by hydrogen fuel cells, with capabilities for ranges up to 1,200 miles. Additionally, Nikola Motor Company has proposed building a hydrogen refueling infrastructure to support its fleet, reflecting its commitment to sustainability and disruption in the trucking sector. As a subsidiary of Nikola Corporation, the company continues to focus on advancing electric powertrains and promoting environmentally friendly transportation solutions.

Waymo

Venture Round in 2020
Waymo is a self-driving technology company focused on enhancing mobility by creating safe and efficient transportation solutions. Established from advancements in Google's research since 2009, Waymo aims to improve the movement of people and goods through its innovative software and sensor technology. In 2015, the company marked a significant milestone by conducting the world's first fully autonomous trip on public roads in a vehicle devoid of traditional driving controls. Waymo continually refines its technology through extensive simulation testing, accumulating over one billion miles of virtual testing annually, while its autonomous vehicles have logged more than two million miles on public roads in four U.S. cities. By employing integrated sensors and artificial intelligence, Waymo's technology is designed to detect various obstacles such as pedestrians, cyclists, and road conditions, ensuring a safe and convenient on-demand travel experience for users.

Convoy

Series D in 2019
Convoy, Inc. operates an online marketplace that provides digital freight network services, enabling users to book local and regional trucks on demand for transporting goods, ranging from single pallets to full truckloads. The company offers a mobile application that features real-time shipment tracking, status updates, and ensures on-time deliveries. Founded in 2015 and based in Seattle, Washington, Convoy aims to enhance efficiency in the trucking industry, which is valued at $800 billion and is responsible for significant carbon emissions from empty trucks. By utilizing technology and data, Convoy addresses issues of waste and inefficiency, ultimately saving money for shippers, increasing earnings for drivers, and reducing carbon waste. The platform facilitates instant quotations, online bookings, automated loading suggestions, and online payments, all of which contribute to improved operational efficiency and cost reduction for clients.

Wheels Up Partners

Series D in 2019
Wheels Up is a membership-based private aviation company in the United States that aims to make private flying more accessible and affordable. It provides on-demand private aviation services through an innovative platform that connects consumers with safety-vetted aircraft. Members can book flights, manage their accounts, and explore ride-share options using a mobile app. Wheels Up offers a variety of travel alternatives through a combination of programmatic and charter services, utilizing both owned and leased aircraft as part of an asset-light model. Additionally, members can participate in the Wheels Down program, enhancing their overall experience. The company is dedicated to delivering flexibility, service, and safety in private aviation.

Lyft

Series I in 2018
Lyft is a transportation company that operates a mobile application designed to connect drivers with passengers seeking rides. Founded in 2013, it has become the second-largest ride-sharing service provider in the United States and Canada. The Lyft app allows users to request various types of rides, including private, shared, and luxury options, while also facilitating payment. In addition to ride-sharing, Lyft has expanded its services to include bike and scooter-sharing, promoting multimodal transportation solutions. The company primarily focuses on serving college, university, and corporate communities, and it enables riders to schedule rides up to seven days in advance.

Lyft

Series H in 2017
Lyft is a transportation company that operates a mobile application designed to connect drivers with passengers seeking rides. Founded in 2013, it has become the second-largest ride-sharing service provider in the United States and Canada. The Lyft app allows users to request various types of rides, including private, shared, and luxury options, while also facilitating payment. In addition to ride-sharing, Lyft has expanded its services to include bike and scooter-sharing, promoting multimodal transportation solutions. The company primarily focuses on serving college, university, and corporate communities, and it enables riders to schedule rides up to seven days in advance.

Lyft

Series H in 2017
Lyft is a transportation company that operates a mobile application designed to connect drivers with passengers seeking rides. Founded in 2013, it has become the second-largest ride-sharing service provider in the United States and Canada. The Lyft app allows users to request various types of rides, including private, shared, and luxury options, while also facilitating payment. In addition to ride-sharing, Lyft has expanded its services to include bike and scooter-sharing, promoting multimodal transportation solutions. The company primarily focuses on serving college, university, and corporate communities, and it enables riders to schedule rides up to seven days in advance.

Wheels Up Partners

Private Equity Round in 2017
Wheels Up is a membership-based private aviation company in the United States that aims to make private flying more accessible and affordable. It provides on-demand private aviation services through an innovative platform that connects consumers with safety-vetted aircraft. Members can book flights, manage their accounts, and explore ride-share options using a mobile app. Wheels Up offers a variety of travel alternatives through a combination of programmatic and charter services, utilizing both owned and leased aircraft as part of an asset-light model. Additionally, members can participate in the Wheels Down program, enhancing their overall experience. The company is dedicated to delivering flexibility, service, and safety in private aviation.

Wheels Up Partners

Series C in 2017
Wheels Up is a membership-based private aviation company in the United States that aims to make private flying more accessible and affordable. It provides on-demand private aviation services through an innovative platform that connects consumers with safety-vetted aircraft. Members can book flights, manage their accounts, and explore ride-share options using a mobile app. Wheels Up offers a variety of travel alternatives through a combination of programmatic and charter services, utilizing both owned and leased aircraft as part of an asset-light model. Additionally, members can participate in the Wheels Down program, enhancing their overall experience. The company is dedicated to delivering flexibility, service, and safety in private aviation.

SpaceX

Series G in 2015
SpaceX, Inc., founded in 2002 and headquartered in Hawthorne, California, specializes in the design, manufacture, and launch of advanced rockets and spacecraft. The company develops various products, including the Falcon 1, Falcon 9, Falcon Heavy, Dragon, and Starship, with a focus on creating reusable launch vehicles. These vehicles are engineered for the transport of cargo, humans, and payloads into space, incorporating features such as multiple engines, an attached trunk, and parachute systems. SpaceX aims to reduce the costs of space travel, thereby making space exploration more accessible and advancing the capabilities of the space industry.

Uber

Series D in 2014
Uber is a technology company that revolutionizes transportation by connecting riders with drivers through its mobile application. Founded in 2009 and headquartered in the United States, Uber operates in over 300 cities globally, making urban travel more accessible. The platform allows users to submit trip requests, which are efficiently routed to available drivers, thus enhancing the convenience of transportation. In addition to its core ridesharing services, Uber is also investing in advanced technologies, including autonomous vehicles through its subsidiary, Uber Advanced Technologies Group. This division aims to develop safe and reliable self-driving transportation solutions. Furthermore, Uber Elevate is working to establish the framework for aerial ridesharing, collaborating with various stakeholders to envision the future of air travel. Through these initiatives, Uber continues to expand its service offerings and redefine mobility in urban environments.

Mobileye

Private Equity Round in 2013
Mobileye is a leader in the development and deployment of advanced driver-assistance systems (ADAS) and autonomous driving technologies. The company specializes in creating a comprehensive portfolio of solutions that include both software and hardware components, designed to enhance vehicle safety and pave the way for future autonomous driving capabilities. Its offerings range from driver assistance tools to fully autonomous systems, such as Mobileye Chauffeur and Mobileye Drive. In addition to its core technologies, Mobileye provides data services aimed at optimizing maintenance operations and improving mobility infrastructure. With a strong foundation in computer vision, machine learning, mapping, and data analysis, Mobileye plays a pivotal role in shaping the future of transportation.
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