Alliance Ventures

Alliance Ventures is the corporate venture capital arm of the Renault-Nissan-Mitsubishi Alliance, established in 2018 and based in Amsterdam. The organization focuses on investing in innovative technologies and business models within the automotive sector, including new mobility solutions, autonomous driving, connected services, electric vehicles, energy, and Enterprise 2.0. With a commitment to invest up to $1 billion in its initial five years, Alliance Ventures aims to foster open innovation and support the development of next-generation systems in the automotive industry. The firm leverages the extensive expertise and global presence of the Alliance to make strategic investments throughout all stages of startup development and to nurture emerging automotive entrepreneurs. Its activities align with the goals of the Alliance's midterm plan, which seeks to enhance collaboration and significantly increase annual synergies among Renault, Nissan, and Mitsubishi Motors.

Ryan Armbrust

Partner

Lei Qi

Principal

21 past transactions

Kvist Solutions

Seed Round in 2025
Kvist Solutions AS is a software development company based in Oslo, Norway, that focuses on simplifying the BREEAM certification process for buildings. The company offers a digital documentation platform designed to streamline environmental certification, providing users with tools to track progress and status during the certification journey. This enables individuals and businesses to contribute effectively while allowing auditors to assess documentation readiness and set deadlines. With a commitment to sustainability, Kvist Solutions AS aims to empower users to make informed decisions that positively impact environmental management. The company operates within the internet industry and employs a team of 15 dedicated professionals.

Bits Technology

Seed Round in 2023
Bits Technology specializes in developing automation software aimed at simplifying and democratizing financial technology services. The company's platform orchestrates and automates the management of infrastructure providers for other fintech companies, offering a low-code experience. This software connects various data sources and streamlines workflows for financial tech services, allowing clients to deploy new products across multiple markets efficiently. By enabling quick creation of dynamic onboarding workflows, Bits Technology helps its clients focus on achieving significant customer outcomes.

1X

Series A in 2023
1X designs and develops humanoid robots to operate in the physical world. Its robots enable security, retail, logistics, and healthcare companies to deploy safe, capable, and affordable robots to work alongside their employees.

The Mobility House

Series C in 2022
The Mobility House AG, founded in 2009 and based in Zurich, Switzerland, specializes in electric vehicle charging systems and energy management solutions. As one of Europe’s leading providers in the electric mobility sector, the company focuses on facilitating the transition to e-mobility through safe, sustainable, and affordable charging infrastructure. The Mobility House emphasizes the use of renewable energy sources, enabling both businesses and individuals to shift away from fossil fuel-based solutions. The company operates in a business-to-business capacity, collaborating with the automotive industry, leasing services, and energy utilities, while also serving individual electric vehicle customers. Their commitment to quality products, competitive pricing, and exceptional customer service positions them favorably in the fast-growing market for electric mobility and energy storage solutions.

Bits Technology

Pre Seed Round in 2022
Bits Technology specializes in developing automation software aimed at simplifying and democratizing financial technology services. The company's platform orchestrates and automates the management of infrastructure providers for other fintech companies, offering a low-code experience. This software connects various data sources and streamlines workflows for financial tech services, allowing clients to deploy new products across multiple markets efficiently. By enabling quick creation of dynamic onboarding workflows, Bits Technology helps its clients focus on achieving significant customer outcomes.

WeRide

Series C in 2021
Guangzhou WeRide Technology Co., Ltd. specializes in developing autonomous driving technology for level 4 vehicles, including its own hardware solutions that ensure comprehensive sensor coverage. Founded in 2017 and headquartered in Guangzhou, China, WeRide has established research and development centers across several major cities in China, as well as in Silicon Valley. The company has received strategic investments from leading global automotive groups and holds the distinction of being the first startup to obtain driverless test permits in both China and the United States. In November 2019, WeRide launched its first publicly accessible Robotaxi service in Guangzhou, which covers an area of 144 square kilometers and has since integrated with Amap, a popular ride-hailing app in China. The service has completed over 147,000 trips for more than 60,000 passengers within its first year. WeRide's offerings include a range of autonomous vehicles, such as Robotaxis, Robobuses, and Robovans, and the company continues to focus on enhancing safety and efficiency in transportation.

Otonomo Technologies

Series C in 2020
Otonomo Technologies Ltd. operates a cloud-based marketplace that connects cars to services and applications, facilitating the collection and delivery of vehicle data for enhanced safety and in-car experiences. The company, founded in 2015 and headquartered in Herzliya, Israel, with offices in Redwood City, California, and Frankfurt, Germany, securely processes over 4 billion data points daily from more than 40 million vehicles. Otonomo's platform enables original equipment manufacturers (OEMs), fleet operators, and over 100 service providers to access and utilize this data, accelerating the development of new services that improve driver experiences and support smart city initiatives. The company prioritizes privacy and neutrality, ensuring compliance with global data protection regulations.

Upstream

Series B in 2019
Upstream Security specializes in providing a cloud-based data management platform tailored for connected vehicles, focusing on automotive cybersecurity detection and response (V-XDR). The Upstream Platform converts highly distributed vehicle data into centralized, structured, and contextualized data lakes, enabling customers to develop applications for connected vehicles. This platform is enhanced by AutoThreat® Intelligence, the first automotive cybersecurity threat intelligence solution, offering industry-leading protection against cyber threats and actionable insights. These solutions are seamlessly integrated into customers' environments and vehicle security operations centers (VSOC). Upstream's clientele includes prominent automotive original equipment manufacturers (OEMs) and suppliers, safeguarding millions of vehicles globally.

Superside

Seed Round in 2019
Superside is an on-demand freelancer agency that specializes in providing design and creative services to businesses, particularly enterprise teams. Founded in 2015 and based in Palo Alto, California, with an additional office in Oslo, Superside enables clients to seamlessly assign tasks through various channels such as email, chat, or a Slack bot, ensuring that pre-qualified freelancers are instantly available to meet their needs. The company offers a comprehensive range of services, including graphic design, web design, motion graphics, branding, video production, and content creation. With a client base that includes over 3,000 businesses such as Cisco, Airbus, and Walmart, Superside aims to simplify the design process, allowing marketing and creative teams to focus on strategic initiatives while efficiently managing everyday production work.

The Mobility House

Venture Round in 2019
The Mobility House AG, founded in 2009 and based in Zurich, Switzerland, specializes in electric vehicle charging systems and energy management solutions. As one of Europe’s leading providers in the electric mobility sector, the company focuses on facilitating the transition to e-mobility through safe, sustainable, and affordable charging infrastructure. The Mobility House emphasizes the use of renewable energy sources, enabling both businesses and individuals to shift away from fossil fuel-based solutions. The company operates in a business-to-business capacity, collaborating with the automotive industry, leasing services, and energy utilities, while also serving individual electric vehicle customers. Their commitment to quality products, competitive pricing, and exceptional customer service positions them favorably in the fast-growing market for electric mobility and energy storage solutions.

enjoyelec Tech

Series A in 2019
Enjoyelec Tech, formerly known as PowerShare, is a pioneering energy digital enterprise based in Suzhou, China, specializing in innovative solutions for the clean energy market. Founded in 2015, the company manufactures hardware for electric vehicle (EV) charging, including automatic charging robots and charging control units, while also providing a network of charging stations. Enjoyelec Tech develops a cloud-based platform that facilitates connections among EV drivers, charge point operators, and power suppliers, enabling users to locate charging points, manage payments, and optimize power demand. Utilizing over 100 proprietary AI algorithms, the company offers a range of products and services such as Virtual Power Plants, Home Energy Management Systems, and Battery AI Platforms. Their solutions are designed to meet the needs of automobile manufacturers, charging operators, and various stakeholders in the clean energy ecosystem, supporting the transition to a sustainable energy future through advanced technology and digital innovation.

Tekion

Series B in 2019
Tekion Corp. is a technology company based in San Ramon, California, founded in 2016, that specializes in developing cloud-based business applications for the automotive retail industry. Its flagship product, the Automotive Retail Cloud (ARC), serves automotive dealers by connecting their entire business operations and facilitating the vehicle sales cycle online. Tekion's innovative platform integrates various aspects of the automotive retail ecosystem, including digital sales management, compliance, customer engagement, and data insights, to enhance efficiency and improve customer experiences. By leveraging advanced technologies such as big data, machine learning, and artificial intelligence, Tekion aims to transform an industry that has remained largely unchanged for decades, offering a seamless and highly configurable solution for automotive retailers, manufacturers, and technology partners.

Transit

Series B in 2018
Transit is a mobile app intended to help its users navigate their cities. Transit simplifies local travel in 125 cities worldwide. Upon launch, the bright, intuitive interface shows all nearby transportation options and departures. Users can plan trips, set reminders, and get notifications about disruptions. Plus, Transit also integrates other sustainable transport modes -- bike sharing, car sharing and Uber -- so users can determine the best way to get from A to B. With millions of active users in the US and Canada, Transit has emerged as the leading urban transit app in North America. The company is based in Montreal, Quebec.

WeRide

Series A in 2018
Guangzhou WeRide Technology Co., Ltd. specializes in developing autonomous driving technology for level 4 vehicles, including its own hardware solutions that ensure comprehensive sensor coverage. Founded in 2017 and headquartered in Guangzhou, China, WeRide has established research and development centers across several major cities in China, as well as in Silicon Valley. The company has received strategic investments from leading global automotive groups and holds the distinction of being the first startup to obtain driverless test permits in both China and the United States. In November 2019, WeRide launched its first publicly accessible Robotaxi service in Guangzhou, which covers an area of 144 square kilometers and has since integrated with Amap, a popular ride-hailing app in China. The service has completed over 147,000 trips for more than 60,000 passengers within its first year. WeRide's offerings include a range of autonomous vehicles, such as Robotaxis, Robobuses, and Robovans, and the company continues to focus on enhancing safety and efficiency in transportation.

Coord

Series A in 2018
Coord is a New York City-based company dedicated to transforming urban streets through its innovative curb management platform. This platform enables cities to digitally operate and price curb space, enhancing the efficiency, safety, and equity of urban environments. By providing tools that locate available vehicles from both docked and dockless systems, as well as offering pricing and geometric data for tollways, Coord empowers municipal authorities to effectively manage curb inventory. The company has gained recognition for its contributions to urban design and innovation, partnering with several cities including Seattle, Boston, and Nashville. Backed by notable investors such as Alphabet's Sidewalk Labs and Urban.us, Coord is positioned at the forefront of urban mobility solutions.

Shift

Series D in 2018
Shift is an online marketplace specializing in the buying and selling of used cars. The company acts as a personal concierge service, handling tasks such as detailing cars, listing them on multiple platforms, arranging test drives, and finding interested buyers. Shift charges customers a service fee for registration, car preparation services, and sales tax. Before purchase, customers receive a comprehensive 150-point concierge report that includes vehicle specifications, high-resolution photos, vehicle history, and inspection results.

Enevate

Series D in 2018
Enevate Corporation is an innovative company specializing in the development of advanced silicon-dominant lithium-ion batteries, particularly for electric vehicles (EVs). Founded in 2005 and headquartered in Irvine, California, Enevate aims to revolutionize EV charging by enabling ultrafast charging capabilities comparable to traditional gas refueling. The company's proprietary HD-Energy and XFC-Energy technologies provide significant advantages, including high energy density, low-temperature performance, and enhanced safety. With a robust portfolio of over 250 patents, Enevate's products are designed for compatibility with a variety of devices, from smartphones to drones and electric vehicles. The company is committed to accelerating the mass adoption of electric vehicles by addressing key challenges in battery performance and charging efficiency.

Shift

Series C in 2018
Shift is an online marketplace specializing in the buying and selling of used cars. The company acts as a personal concierge service, handling tasks such as detailing cars, listing them on multiple platforms, arranging test drives, and finding interested buyers. Shift charges customers a service fee for registration, car preparation services, and sales tax. Before purchase, customers receive a comprehensive 150-point concierge report that includes vehicle specifications, high-resolution photos, vehicle history, and inspection results.

Kalray

Venture Round in 2018
Kalray S.A., headquartered in Montbonnot Saint Martin, France, specializes in providing low-power, time-critical processor solutions. The company offers massively parallel manycore array processors, including its patented Data Processing Unit (DPU) processors and acceleration cards. Kalray's products are designed for high-performance, data-centric computing markets, ranging from cloud to edge applications. Their offerings include software-defined storage solutions like the Kalray Target Controller and TurboBoost for secure communications, as well as development platforms and software tools such as AccessCore and Kalray Neural Network. These solutions cater to various industries including autonomous vehicles, aerospace/avionic, artificial intelligence, data storage, data networking, and computer vision. Founded in 2008 as a spin-off from the French CEA research lab, Kalray is committed to enhancing the efficiency of data centers and developing innovative solutions for sectors such as AI, Media & Entertainment, Life Sciences, Scientific Research, Edge Computing, and Automotive.

Novelda

Funding Round in 2016
Novelda is a privately held semiconductor company based in Norway, focused on research and development in the field of nanoscale wireless low-power ultra-wideband (UWB) technology. The company specializes in high-resolution impulse radar sensors designed to detect human presence and minute movements, such as breathing and heartbeat. These sensors are applicable in various indoor environments, including consumer electronic devices and smart building systems. By leveraging its innovative sensor technology, Novelda aims to enhance user experience, improve safety, and promote energy efficiency across multiple sectors.

Cavium

Series C in 2003
Cavium Networks is a developer of semiconductor processors focused on networking, communications, and storage solutions. The company designs, develops, and markets high-performance semiconductor products that facilitate intelligent and secure networking, allowing customers to create application-aware and content-aware equipment. These products are capable of securely processing voice, video, and data traffic at high speeds. Cavium sells its offerings directly and through contract manufacturing organizations and distributors, serving clients in various sectors, including networking, wireless, storage, and electronic equipment, primarily in the United States, Japan, Taiwan, and China. The company has established collaborations with firms like Aricent Inc. to enhance LTE eNodeB solutions and has agreements with Atheros Communications Inc. and Design of Systems on Silicon S.A. to improve HD video transmission and distribution technologies for flat panel displays.
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