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 […]

Transportation and mobility will continue to attract VC

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. […]

Autotech Ventures Sees Itself as Talent Scout for Auto Startups

AutoTech Ventures LLC wants to be the talent scout for startups reinventing ground transportation. The venture capital firm, based in Palo Alto, California, has raised about $75 million to bankroll early-stage technologies enabling autonomous driving, improved cybersecurity in cars, entertainment systems and other automotive next big things.

Auto-parts makers and component suppliers, including Denso Corp., Mahle GmbH. and Murata Manufacturing Co. Ltd., were among the investors in the firm, founded last year. As limited partners, they’ll get a share of AutoTech Ventures’ returns. “We aren’t in it for financial return — it’s all strategic,” said Tony Cannestra, director of corporate venture at Japan-based automotive components company Denso. He said the number of tech startups in transportation has more than doubled since he began investing in such companies almost five years ago, making it harder to hone in on the potential winners.