Alexei Andreev- Autotech Ventures Since the creation of the National Highway Traffic Safety Administration in 1970, much of the innovation we’ve seen in the automotive space has centered around the safety of vehicles. Seatbelts, anti-lock braking systems, crumple zones and other innovations have all increased the safety of vehicles and the survivability rates of accidents. […]
Autonomous vehicles are set to transform the transportation industry. But a VC is betting there are better ways to make money off them than backing self-driving-car companies.
Troy Wolverton- Business Insider Quin Garcia is a self-described “car guy.” He also really believes autonomous and electric vehicles will revolutionize the transportation industry and the broader society. But if you scrutinize the portfolio of Autotech Ventures, the transportation-focused venture-capital firm that Garcia cofounded, you won’t find any investments in companies developing or building cars […]
Rebecca Szkutak- Venture Capital Journal “Autonomous vehicles have been a very hot space over the last years,” Quin Garcia, a managing director of Autotech Ventures, said. “Most of society recognizes that autonomous vehicles have the potential to have the largest impact on our society since the internet.” Menlo Park-based Autotech Ventures focuses on ground transportation. […]
Work Truck Solutions Raises $5 Million to Expand Service Offerings to Work Truck Dealers, Body Manufacturers and Distributors
Work Truck Solutions announced today it has completed a Series B Preferred Stock financing round of $5 million. The company is the industry leader in the commercial truck inventory solutions market. Kathryn Schifferle, CEO and founder of Work Truck Solutions, stated that the company will use this new round of funding to accelerate expansion of […]
Everyone has to get from A to B and that means there is a lot of money to be made in the transportation business. Increasingly, the focus is on the use of new technologies, ranging across everything from self-driving cars to new smartphone applications that can help hail a ride or navigate the shortest route…