Alumni Ventures

Alumni Ventures Group, LLC is a venture capital firm founded in 2013 and based in Manchester, New Hampshire, with additional offices in North America. The firm specializes in seed, early-stage, and late-stage pre-IPO investments, focusing on companies that have an alumni connection and an institutional lead investor with relevant expertise. It offers high-quality, diversified venture portfolios to individual investors, particularly accredited alumni from top entrepreneurial schools, who previously lacked access to venture capital opportunities. Alumni Ventures Group invests between $0.01 million and $3 million in various sectors and geographies, without seeking board or observer seats. Additionally, the firm provides focused funds that enable any accredited investor to access a diverse venture portfolio, allowing for investment across different types, sectors, stages, and geographical locations.

Gregory Baker

Managing Partner

Bryan Jurewicz

Venture Partner

Michael Madden

Managing Partner

Past deals in Autonomous Vehicles

Scythe

Series B in 2023
Scythe Robotics, Inc. is a company based in Longmont, Colorado, that specializes in the development of autonomous robots. Established in 2017, Scythe focuses on creating highly intelligent machines designed to operate in unstructured outdoor environments. Their robots are emission-free and utilize electric motors, which allows them to effectively handle tasks such as mowing without damaging sensitive turf. This technology enables clients to work efficiently while minimizing their environmental impact.

RGo Robotics

Series A in 2022
R-Go Robotics is pioneering an artificial perception technology that enables mobile robots to understand complex surroundings and operate autonomously just like humans. Our business model is to partner with robotics manufacturers who share our vision of a future where automation is unfettered but focused on real-world solutions. Our team is comprised of world-class leaders with deep academic and industry experience, and we have a proven track record in bringing world-class innovation to market. ​We are currently in stealth mode.

Divergent

Series C in 2022
Divergent Technologies, Inc., based in Los Angeles, California, is focused on transforming the automotive industry through innovative 3D printing technology. Founded in 2014, the company has developed a patented production system that utilizes 3D printed metal connectors, known as Nodes, along with lightweight materials to construct strong and efficient complex structures. This approach eliminates traditional tooling, fostering significant advancements in cost reduction and sustainability within vehicle manufacturing. Divergent's engineering prototype, the Blade, is recognized as the world's first 3D printed supercar, showcasing the potential for radical innovation in automotive design and production. The company has established a strategic partnership with PSA Group to further its mission of empowering a new generation of creative innovators in the automotive sector.

Refraction AI

Seed Round in 2022
Refraction AI, Inc., an autonomous delivery robot company, builds and deploys robotic platforms to provide goods delivery in urban areas. It offers The REV-1, a delivery robotic vehicle that picks up goods from restaurants, pharmacies, and grocery stores, and bring them directly to the customers’ house. Refraction AI, Inc. was founded in 2017 and is based in Ann Arbor, Michigan.

Phantom Auto

Series B in 2022
Phantom Auto Inc. develops a software for the remote-operation of autonomous vehicles. It offers a software, which allows remote drivers to operate passenger vehicles, yard trucks, forklifts, and delivery robots in construction zones, bad weather, and roadside emergencies through Phantom's remote centers. The company was incorporated in 2016 and is headquartered in Mountain View, California. It has an additional office in Tel Aviv, Israel.

Flux EV

Seed Round in 2021
Flux makes it easy and affordable for drivers to go electric.

Venus Aerospace

Seed Round in 2021
Venus Aerospace is a start-up company pushing the boundaries of high speed transportation.

Refraction AI

Seed Round in 2021
Refraction AI, Inc., an autonomous delivery robot company, builds and deploys robotic platforms to provide goods delivery in urban areas. It offers The REV-1, a delivery robotic vehicle that picks up goods from restaurants, pharmacies, and grocery stores, and bring them directly to the customers’ house. Refraction AI, Inc. was founded in 2017 and is based in Ann Arbor, Michigan.

Hayden AI

Seed Round in 2021
Hayden AI Technologies, Inc. is focused on enhancing urban safety and efficiency through its artificial intelligence-powered platform designed for smart cities. The company offers a solution that enables the detection and analysis of traffic violations to support cities in achieving their safety objectives. Its Smart Sense system includes intelligent cameras, smart cloud infrastructure, HD maps, and a web portal accessible to city officials. By integrating its vision-based mobile solution into existing transportation fleets, Hayden AI collects real-time data that aids in improving traffic safety, reducing fatalities, and optimizing transportation efficiency. The technology is applicable across various vehicles, including transit and school buses, street sweepers, garbage trucks, and police cars. Founded in 2019, Hayden AI is headquartered in Berkeley, California, with an additional office in Tokyo, Japan.

FreeWire

Series C in 2021
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers based in San Leandro, California. Established in 2014, the company specializes in smart battery systems that provide mobile and distributed power solutions. Its product line includes the Mobi Charger v0, capable of charging at speeds of up to 5kW, the Mobi Charger v1, which offers charging as a service with attendant support, and the Mobi Charger v2, a semi-autonomous unit that provides dual level 2 and single level 3 charging options. FreeWire's systems deliver clean and quiet power on-site, effectively replacing or supplementing diesel generators for various remote power applications. By offering flexible and easily deployable charging solutions, FreeWire enables its customers to electrify operations previously reliant on fossil fuels while avoiding the complexity and costs associated with traditional infrastructure upgrades. The company is supported by venture capital and partnerships with global corporations.

Routable AI Inc.

Seed Round in 2020
Routable AI Inc., founded in 2019 and based in Cambridge, Massachusetts, specializes in fleet management software designed for on-demand transportation services, including shuttles and buses. The company aims to address the evolving mobility landscape, targeting the high-capacity mobility-as-a-service market, which is projected to be worth $30 billion. By leveraging advanced AI and patent-pending routing algorithms developed from extensive research at MIT, Routable AI provides a platform that significantly enhances operational efficiency for fleet operators. This technology enables dynamic routing of transportation services, leading to reductions in fleet sizes by up to 80% while offering a cost-effective and convenient alternative for commuters and corporations alike.

Motorq

Venture Round in 2020
Motorq enables access to connected vehicle data and analytics at scale so that enterprises such as fleets, insurance companies and governments can rapidly improve operations and expand services. They future-proof the vehicle data strategy for these enterprises, empowering them to lead in the new mobility world.

Wheels

Series A in 2020
Wheels operates a shared electric mobility platform designed to revolutionize dockless mobility. The company's platform offers hybrid electric vehicles that are sleek in design with swappable parts, batteries and real-time dynamic maintenance upkeep with the built-in bluetooth speakers as well as charging point for phone, enabling users to get low-cost, fun and comfortable ebikes to get around cities through the connection of a smartphone.

Arrive

Venture Round in 2020
Arrive Mobility Inc. operates a transactional platform that facilitates the booking and payment of parking for drivers, fleets, and connected vehicles across North America. The company provides an extensive inventory of parking spaces that can be reserved in advance, thus enhancing the parking experience. Arrive serves a diverse clientele, including car manufacturers, navigation companies, smart cities, and venues such as sports and theater stadiums. The company, previously known as ParkWhiz, Inc., was established in 2006 and rebranded in 2019. It offers solutions through various platforms, including apps, websites, and in-vehicle integrations, ensuring a seamless parking experience that predicts and recommends optimal parking options for users. With a network of over a million parking spots, Arrive aims to improve the efficiency of parking and contribute to smarter mobility solutions. The company is headquartered in Chicago, Illinois, and has a research and development center in Israel.

NextDroid

Venture Round in 2020
NextDroid, Inc. is an information technology company that specializes in robotic systems, autonomous vehicles, cloud computing, and artificial intelligence. Founded in 2015 and headquartered in Boston, Massachusetts, NextDroid focuses on developing intelligent machines aimed at transforming the transportation sector through self-driving technology. The company is dedicated to providing innovative solutions that enhance mobility and improve efficiency in the transportation industry.

BlueSpace.ai

Seed Round in 2019
BlueSpace.ai,Inc. develops software systems for autonomous mass transit fleets. The company was founded in 2019 and is headquartered in Palo Alto, California.

Wheels

Venture Round in 2019
Wheels operates a shared electric mobility platform designed to revolutionize dockless mobility. The company's platform offers hybrid electric vehicles that are sleek in design with swappable parts, batteries and real-time dynamic maintenance upkeep with the built-in bluetooth speakers as well as charging point for phone, enabling users to get low-cost, fun and comfortable ebikes to get around cities through the connection of a smartphone.

Duality

Venture Round in 2019
At Duality, we provide an autonomy simulator for digital twins and an enterprise metaverse for generating synthetic data at scale. We make the Unreal ecosystem accessible to machine learning, robotics and engineering teams.

BlueSpace.ai

Pre Seed Round in 2019
BlueSpace.ai,Inc. develops software systems for autonomous mass transit fleets. The company was founded in 2019 and is headquartered in Palo Alto, California.

Car IQ

Series A in 2019
Car IQ Inc. is a company that has created a cloud-based vehicle management platform and payment gateway tailored for auto dealer groups, car sharing services, and autonomous vehicles. Established in 2016 and located in San Francisco, California, Car IQ offers an innovative automotive payment solution that allows vehicles to autonomously initiate payments for various services, including tolls, fuel, and parking, without the need for credit cards. The technology relies on a patented machine identity verification process, enabling vehicles to connect directly to payment networks and service providers. This platform leverages sensor data from the vehicle to facilitate seamless transactions and enhance the overall management of automotive services.

Optimus Ride

Venture Round in 2019
Optimus Ride is a self-driving vehicle company based in Boston, MA. It designs technologies to enable efficient, sustainable, and equitable mobility systems and solutions. As an MIT spinoff company, it combines over 30 years of interdisciplinary university research in self‑driving technologies (DARPA Urban Challenge), electric vehicles (CityCar), and Mobility-on-Demand Systems. The team includes a decade of industrial and entrepreneurial experience that combines manufacturing robots, urban design, and shared vehicle fleet management.

Wheels

Series A in 2019
Wheels operates a shared electric mobility platform designed to revolutionize dockless mobility. The company's platform offers hybrid electric vehicles that are sleek in design with swappable parts, batteries and real-time dynamic maintenance upkeep with the built-in bluetooth speakers as well as charging point for phone, enabling users to get low-cost, fun and comfortable ebikes to get around cities through the connection of a smartphone.

FreeWire

Series A in 2018
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers based in San Leandro, California. Established in 2014, the company specializes in smart battery systems that provide mobile and distributed power solutions. Its product line includes the Mobi Charger v0, capable of charging at speeds of up to 5kW, the Mobi Charger v1, which offers charging as a service with attendant support, and the Mobi Charger v2, a semi-autonomous unit that provides dual level 2 and single level 3 charging options. FreeWire's systems deliver clean and quiet power on-site, effectively replacing or supplementing diesel generators for various remote power applications. By offering flexible and easily deployable charging solutions, FreeWire enables its customers to electrify operations previously reliant on fossil fuels while avoiding the complexity and costs associated with traditional infrastructure upgrades. The company is supported by venture capital and partnerships with global corporations.

Arrive

Series D in 2018
Arrive Mobility Inc. operates a transactional platform that facilitates the booking and payment of parking for drivers, fleets, and connected vehicles across North America. The company provides an extensive inventory of parking spaces that can be reserved in advance, thus enhancing the parking experience. Arrive serves a diverse clientele, including car manufacturers, navigation companies, smart cities, and venues such as sports and theater stadiums. The company, previously known as ParkWhiz, Inc., was established in 2006 and rebranded in 2019. It offers solutions through various platforms, including apps, websites, and in-vehicle integrations, ensuring a seamless parking experience that predicts and recommends optimal parking options for users. With a network of over a million parking spots, Arrive aims to improve the efficiency of parking and contribute to smarter mobility solutions. The company is headquartered in Chicago, Illinois, and has a research and development center in Israel.

Motorq

Seed Round in 2018
Motorq enables access to connected vehicle data and analytics at scale so that enterprises such as fleets, insurance companies and governments can rapidly improve operations and expand services. They future-proof the vehicle data strategy for these enterprises, empowering them to lead in the new mobility world.

Divergent

Series C in 2018
Divergent Technologies, Inc., based in Los Angeles, California, is focused on transforming the automotive industry through innovative 3D printing technology. Founded in 2014, the company has developed a patented production system that utilizes 3D printed metal connectors, known as Nodes, along with lightweight materials to construct strong and efficient complex structures. This approach eliminates traditional tooling, fostering significant advancements in cost reduction and sustainability within vehicle manufacturing. Divergent's engineering prototype, the Blade, is recognized as the world's first 3D printed supercar, showcasing the potential for radical innovation in automotive design and production. The company has established a strategic partnership with PSA Group to further its mission of empowering a new generation of creative innovators in the automotive sector.

FreeWire

Series A in 2018
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers based in San Leandro, California. Established in 2014, the company specializes in smart battery systems that provide mobile and distributed power solutions. Its product line includes the Mobi Charger v0, capable of charging at speeds of up to 5kW, the Mobi Charger v1, which offers charging as a service with attendant support, and the Mobi Charger v2, a semi-autonomous unit that provides dual level 2 and single level 3 charging options. FreeWire's systems deliver clean and quiet power on-site, effectively replacing or supplementing diesel generators for various remote power applications. By offering flexible and easily deployable charging solutions, FreeWire enables its customers to electrify operations previously reliant on fossil fuels while avoiding the complexity and costs associated with traditional infrastructure upgrades. The company is supported by venture capital and partnerships with global corporations.

FreeWire

Series A in 2017
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers based in San Leandro, California. Established in 2014, the company specializes in smart battery systems that provide mobile and distributed power solutions. Its product line includes the Mobi Charger v0, capable of charging at speeds of up to 5kW, the Mobi Charger v1, which offers charging as a service with attendant support, and the Mobi Charger v2, a semi-autonomous unit that provides dual level 2 and single level 3 charging options. FreeWire's systems deliver clean and quiet power on-site, effectively replacing or supplementing diesel generators for various remote power applications. By offering flexible and easily deployable charging solutions, FreeWire enables its customers to electrify operations previously reliant on fossil fuels while avoiding the complexity and costs associated with traditional infrastructure upgrades. The company is supported by venture capital and partnerships with global corporations.

Divergent

Series B in 2017
Divergent Technologies, Inc., based in Los Angeles, California, is focused on transforming the automotive industry through innovative 3D printing technology. Founded in 2014, the company has developed a patented production system that utilizes 3D printed metal connectors, known as Nodes, along with lightweight materials to construct strong and efficient complex structures. This approach eliminates traditional tooling, fostering significant advancements in cost reduction and sustainability within vehicle manufacturing. Divergent's engineering prototype, the Blade, is recognized as the world's first 3D printed supercar, showcasing the potential for radical innovation in automotive design and production. The company has established a strategic partnership with PSA Group to further its mission of empowering a new generation of creative innovators in the automotive sector.