Technology

Vektor Partners raises new €125M fund to look specifically at sustainable mobility – TechCrunch

Some estimates put the future mobility market at $178.7 billion by 2026, up from $78.1 billion two years ago. And over the past decade, $400 billion worth of investments have been made in the sector, including $100 billion since 2020.

But most VC funds are not specialists in this field. So a space has been created to look specifically at electric powertrains, batteries and broader electric and fuel cell solutions for mobility.

At least that is the thesis behind the mobility fund Vector Partners, which has launched a new fund of 125 million euros to tackle areas like this.

Founded in 2020 as one of the few dedicated mobility VCs, Vector says it invests in “deep tech startups that leverage AI and software that enable scalable and category-defining SaaS/MaaS-based businesses” that power people and goods from A to B more efficiently, more environmentally friendly and safer.

Partners include Sebastian Bihari, who previously headed automotive technology investment banking; Chris Riley, former startup CFO; Isabel Falkenberg, an ESG expert; and Valentin Menedetter, a former executive of Palantir Technologies and Speedinvest

Vector, along with Nielsen Ventures, led a $17.5 million Series A funding round for NoTraffic – a platform that uses computer vision, machine learning and cloud integration for traffic management.

Other recent investments include the German start-up Peregrine Technologies and the Israeli technology company GuardKnox.

https://techcrunch.com/2022/07/15/vektor-partners-raises-new-e125m-fund-to-look-specifically-at-sustainable-mobility/ Vektor Partners raises new €125M fund to look specifically at sustainable mobility – TechCrunch

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