Alliance Ventures

Alliance Ventures is the strategic venture capital fund of the Renault-Nissan-Mitsubishi alliance, established in 2018 and headquartered in Amsterdam, with additional locations in Silicon Valley, Paris, Yokohama, Beijing, and Tel Aviv. The fund aims to invest up to $1 billion over its initial five years to foster open innovation within the automotive sector. It focuses on technology and business model advancements in areas such as new mobility, autonomous driving, connected services, electric vehicles, and energy solutions. By leveraging the collective expertise and opportunities presented by the global automotive alliance, Alliance Ventures engages in strategic investments across all stages of startup development and supports new automotive entrepreneurs in pioneering next-generation systems. The fund's initiatives align with the midterm objectives of the alliance's strategic plan, which seeks to enhance collaboration and significantly increase annual synergies among its member companies.

Lei Qi

Investment Principal

17 past transactions

Bits Technology

Seed Round in 2023
Bits Technology is a developer of automation software aimed at simplifying and democratizing financial technology services. The company connects various data sources and orchestrates workflows to enhance efficiency in financial tech services. Its software facilitates the deployment of new products across multiple markets, allowing clients to rapidly create dynamic onboarding processes. This enables businesses to focus on achieving meaningful customer outcomes while streamlining their operations.

WeRide

Series C in 2021
Guangzhou WeRide Technology Co., Ltd. develops autonomous driving technology for level 4 AD cars. The company also develops own AD hardware solution to fit on cars for surround sensor coverage and full spectrum. The company was founded in 2017 and is headquartered in Guangzhou, China.

Otonomo

Series C in 2020
Otonomo Technologies Ltd. is a provider of vehicle data, operating a cloud marketplace that connects car manufacturers, drivers, and service providers within a connected ecosystem. Founded in 2015 and based in Herzliya, Israel, with additional offices in the United States and Germany, Otonomo's platform securely ingests over 2.6 billion data points daily from more than 20 million connected vehicles globally. The platform enhances this data, enabling the development of new services that cater to drivers' needs, including emergency services, predictive maintenance, and smart city applications. Otonomo prioritizes privacy, ensuring compliance with regulations such as GDPR and CCPA while offering insights into driver behavior, vehicle health, and traffic trends. With a strong research and development presence, Otonomo collaborates with multiple industries to leverage car data for innovative solutions.

Upstream

Series B in 2019
Upstream is the first cloud-based centralized cybersecurity and analytics platform that protects the technologies and applications of connected and autonomous vehicles fleet. The platform leverages big data and machine learning to provide OEMs and vehicle fleets with unprecedented, comprehensive, and non-intrusive defense. With application security, real-time data protection and anomaly detection, attacks are identified and blocked before they reach and harm the vehicle's network. Upstream Security helps corporations mitigate connectivity risks and ensure the safety and security of smart mobility solutions protecting connected and autonomous vehicles. It also secures drivers, vehicles, and mobility services from misuse and cyber-attacks. Upstream C4 is a data-driven cloud-based platform that integrates with automotive data streams of vehicles and promises to detect incidents as they happen in real-time and allocating a rating based on perceived impact and severity The company was received the 15th Annual 2019 Info Security PG’s Global Excellence Awards in Automotive Security (IoT) and Cybersecurity Excellence Awards 2019 - Gold Winner (Automotive Cybersecurity Category). Upstream Security was founded in February 2017 and is based in Herzliya, Tel Aviv, Israel.

Konsus

Seed Round in 2019
Konsus is a design company that specializes in providing on-demand outsourcing solutions for corporate teams. The company focuses on delivering high-quality design services tailored to meet the needs of various enterprises. By offering a range of design solutions, Konsus supports marketing, creative, and internal design teams in managing their projects efficiently. Trusted by numerous businesses, Konsus aims to simplify the design process, allowing companies to access professional design assistance as needed.

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. The company aims to promote e-mobility by offering safe, sustainable, and affordable alternatives to fossil fuel consumption. As one of Europe’s leading providers in the electric mobility sector, The Mobility House focuses on charging solutions and battery management for energy storage. They cater to both businesses and individual customers, working with the automotive industry, leasing services, and energy utilities. By emphasizing customer satisfaction through high-quality products, competitive pricing, and excellent service, The Mobility House strives to meet the evolving needs of the market and facilitate a transition to renewable energy sources in the realm of mobility.

enjoyelec

Series A in 2019
Enjoyelec, officially known as Shanghai PowerShare Information Technology Co., Ltd., is a Shanghai-based company established in 2015 that specializes in electric vehicle (EV) charging solutions. The company designs and manufactures a range of hardware products, including automatic charging robots, charging piles, and charging control units. Additionally, Enjoyelec operates a cloud-based platform that connects EV drivers, charge point operators, and energy suppliers, allowing users to locate charging stations, manage payments, and optimize energy demand. The platform also provides features such as real-time monitoring, statistical analysis, and point of interest data sharing. Enjoyelec serves various sectors, including automotive manufacturers, charging operators, local governments, and the commercial real estate industry, with a focus on enhancing the overall charging experience and promoting sustainable energy solutions through advanced technology like artificial intelligence and the Internet of Things.

Tekion

Series B in 2019
Tekion Corp. specializes in developing cloud-based applications for the automotive retail industry, offering a comprehensive platform known as Automotive Retail Cloud. Founded in 2016 and headquartered in San Ramon, California, the company utilizes advanced technologies such as big data, the Internet of Things (IoT), and machine learning to enhance the vehicle sales process. Tekion's platform connects various aspects of automotive dealerships, facilitating digital sales management, personalized customer engagement, and compliance management. By leveraging machine learning algorithms, Tekion empowers dealers to improve sales, reduce costs, and foster customer loyalty. The company focuses on continuous innovation to address challenges within the automotive retail sector, aiming to enhance efficiency and revenue for its clients.

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. develops autonomous driving technology for level 4 AD cars. The company also develops own AD hardware solution to fit on cars for surround sensor coverage and full spectrum. The company was founded in 2017 and is headquartered in Guangzhou, China.

Coord

Series A in 2018
Coord is a mobility company that creates seamless mobility and self-driving experiences today through deep integrations. The company offers bike-share API, Curbs API, Tolls API, Routing API and etc.

SHIFT

Series D in 2018
Shift Technologies, Inc. operates an online platform that facilitates the buying and selling of new and used cars, offering a range of vehicle types including sedans, SUVs, and trucks. Founded in 2013 and headquartered in San Francisco, California, with additional locations in Los Angeles, San Diego, Sacramento, and Portland, Shift aims to simplify the car purchase experience. The company provides a comprehensive service that includes detailing vehicles, listing them on multiple platforms, managing test drives, and connecting sellers with potential buyers. Customers receive a detailed 150-point concierge report that encompasses vehicle specifications, high-resolution images, and history reports. Shift also offers financing options and additional support services throughout the car ownership lifecycle, making the process more accessible and enjoyable for consumers.

Enevate

Series D in 2018
Enevate Corporation specializes in the development of silicon-dominant lithium-ion batteries, focusing on advanced technologies that enhance the performance of electric vehicles (EVs). The company’s HD-Energy and XFC-Energy technologies enable ultrafast charging, achieving a full charge in just five minutes, while also providing high energy density and low-temperature functionality. Enevate's batteries are designed for compatibility with various devices, including smartphones, ultrathin laptops, wearables, drones, and electric vehicles, thereby facilitating the rapid adoption of EVs by mimicking the refueling experience of gas-powered cars. Founded in 2005 and headquartered in Irvine, California, Enevate has amassed a substantial portfolio of over 250 patents and has attracted significant investment from notable firms such as Renault-Nissan-Mitsubishi, LG Chem, and Samsung, raising over $110 million to date.

SHIFT

Series C in 2018
Shift Technologies, Inc. operates an online platform that facilitates the buying and selling of new and used cars, offering a range of vehicle types including sedans, SUVs, and trucks. Founded in 2013 and headquartered in San Francisco, California, with additional locations in Los Angeles, San Diego, Sacramento, and Portland, Shift aims to simplify the car purchase experience. The company provides a comprehensive service that includes detailing vehicles, listing them on multiple platforms, managing test drives, and connecting sellers with potential buyers. Customers receive a detailed 150-point concierge report that encompasses vehicle specifications, high-resolution images, and history reports. Shift also offers financing options and additional support services throughout the car ownership lifecycle, making the process more accessible and enjoyable for consumers.

Kalray

Venture Round in 2018
Kalray S.A. is a French company that specializes in developing low-power, high-performance manycore processor solutions. The company provides a range of products, including its MPPA processor family, which utilizes patented supercomputing-on-a-chip technology to deliver efficient processing for data centers and critical embedded applications in sectors such as aerospace, defense, and automotive. Kalray also offers data center solutions like the Kalray Target Controller, which supports optimized storage systems, and TurboBoost for offloading encryption and decryption processes. Additionally, the company supplies software development kits, including AccessCore for programming its processors and Kalray Neural Network for implementing deep learning applications. Its product lineup extends to PCIe acceleration boards and various development platforms, serving markets such as autonomous vehicles, artificial intelligence, data storage, networking, and computer vision. Kalray is headquartered in Montbonnot Saint Martin, France.

Novelda

Funding Round in 2016
Novelda AS is a semiconductor company based in Kviteseid, Norway, that specializes in ultra wideband (UWB) technology. Established in 2004, the company develops components and application-specific integrated circuits for high-resolution impulse radar and short-range communications. Novelda's product offerings include the Novelda R1, a hand-held UWB radar evaluation system that analyzes reflections from electromagnetic pulses to provide three-dimensional information about surrounding objects, including their distance and velocity. Additionally, the company provides CMOS impulse radar transceiver development kits and antennas, catering to various applications such as low-power wireless communication, radio frequency identification, and radar systems. Novelda's technology is particularly noted for its use in medical and industrial high-precision sensors, as well as wireless healthcare applications, and is recognized for its effectiveness in Human Presence Detection, enhancing user experience and security in consumer electronics while promoting energy efficiency in building automation.

Cavium

Series C in 2003
Cavium Networks designs, develops, and markets semiconductor processors for intelligent and secure networks. Its semiconductor products enable customers to develop networking, wireless, storage, and electronic equipment that are application-aware and content-aware, and securely process voice, video, and data traffic at high speeds. The company sells its products directly or through contract manufacturing organizations and distributors to providers of networking, wireless, storage, and electronic equipment, as well as to original equipment manufacturers primarily in the United States, Japan, Taiwan, and the People’s Republic of China. It has a joint collaboration with Aricent Inc. to provide advanced LTE eNodeB solutions. The company also has collaboration agreements with Atheros Communications Inc. and Design of Systems on Silicon S.A. to offer HD video transmission and distribution to flat panel displays.
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