Investor in Lyft, Xnor.ai, and Frontier Car Group Renews Commitment to Accelerate Mobility Startups with Industry Expertise and Vast Transportation Network 

Autotech Ventures, a venture capital firm that’s paving the way for the next frontier of mobility, announced today the closing of its $150M+ Fund II which will invest in early-stage startups with a focus on connectivity, autonomy, shared-use mobility, electrification, and digital enterprise applications. The new fund brings the firm to more than $270M under management to date. 

Based in Silicon Valley, Autotech Ventures brings deep experience in the ground transportation industry and a global network that helps bridge the gap between founders and incumbent players in transportation. Featuring a team of seasoned transportation executives, investors, and entrepreneurs, the firm has a singular focus on the $3 trillion ground transportation and mobility sector, providing leading startups with the capital, transportation market intelligence, and access to corporate scale-up partners needed to succeed. 

"Autotech was not only available whenever we needed them, but they proactively attempted to anticipate our automotive-specific needs, reaching out to us with potential automotive talent, investors, events and business development opportunities that helped us grow the business,” said Sujay Tyle, CEO and co-founder of Frontier Car Group.

The firm is backed by both financial and corporate investors and other leaders from vehicle manufacturers, parts suppliers, repair shop chains, leasing corporations, dealership groups, and trucking firms who together represent a global market capitalization of more than $500 billion. Notable start-ups the firm has funded include Lyft (IPO), Xnor.ai (acquired by Apple), DeepScale (acquired by Tesla), Frontier Car Group (acquired by OLX/Prosus), Outdoorsy, Volta Charging, Swvl, and SpotHero.

“The transportation industry has phenomenal potential for growth and also presents unique challenges that an experienced partner can help startups navigate,” said Daniel Hoffer, Managing Director. Alexei Andreev, Managing Director, added: “We’re well-positioned with a strong community of operators, investors and partners who can offer founders the right guidance to maintain growth and mitigate risk in an increasingly volatile environment.” 

Fund II is the largest to date following the inaugural $120 million fund the firm closed in 2017.