Volkswagen

Volkswagen Group is a German multinational automotive company based in Wolfsburg, Lower Saxony. Established in 1937, it designs, manufactures, and distributes a wide range of vehicles, including passenger cars, commercial vehicles, and motorcycles. The company operates under several well-known brand names, such as Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Škoda, and Volkswagen, while its motorcycle division is represented by the Ducati brand. Volkswagen also produces engines and turbomachinery and offers related services like financing, leasing, and fleet management. With around 340 subsidiary companies, Volkswagen has a global presence, operating in approximately 150 countries and maintaining around 100 production facilities across 27 nations. The company is structured into two main divisions: the Automotive Division and the Financial Services Division, allowing it to cater to diverse market needs effectively.

Thomas Ulbrich

CEO

30 past transactions

Northvolt

Convertible Note in 2022
Northvolt AB, founded in 2016 and based in Stockholm, Sweden, specializes in the manufacture of sustainable lithium-ion batteries tailored for various sectors, including automotive, grid, industrial, portable, and micromobility markets. The company focuses on developing eco-friendly battery solutions that feature a minimal carbon footprint and incorporate advanced recycling technologies. Northvolt provides a range of products, including battery cells, custom cells, and complete battery systems, all designed to support clean energy initiatives and facilitate the electrification of transport. By emphasizing research and development, as well as industrialization, Northvolt aims to establish a reliable supply of sustainable battery cells and systems, enabling industries to transition from fossil fuels to electric alternatives efficiently.

Electrify America

Corporate Round in 2022
Electrify America is a company that owns and manages an electric vehicle charging network. It is a subsidiary of Volkswagen Group of America, established in 2016 by the automaker as part of its efforts to offset emissions in the wake of the Volkswagen emissions scandal.

Europcar

Acquisition in 2021
Europcar is the largest car rental company in Europe and currently has 2825 locations in 143 different countries. Europcar offices in Germany, France, Italy, Spain, Portugal and the United Kingdom are run centrally by Europcar in France, while all other countries are franchisees.

Northvolt

Venture Round in 2021
Northvolt AB, founded in 2016 and based in Stockholm, Sweden, specializes in the manufacture of sustainable lithium-ion batteries tailored for various sectors, including automotive, grid, industrial, portable, and micromobility markets. The company focuses on developing eco-friendly battery solutions that feature a minimal carbon footprint and incorporate advanced recycling technologies. Northvolt provides a range of products, including battery cells, custom cells, and complete battery systems, all designed to support clean energy initiatives and facilitate the electrification of transport. By emphasizing research and development, as well as industrialization, Northvolt aims to establish a reliable supply of sustainable battery cells and systems, enabling industries to transition from fossil fuels to electric alternatives efficiently.

IRP Systems

Series C in 2021
IRP makes electric vehicles powerful and affordable. By leveraging its breakthrough technology in control algorithms and powertrain design, its systems reach an unprecedented level of efficiency, in full compliance with mass-production practices. TrueDrive, IRP's wide portfolio of innovative products, offers high performance, a unique driving experience and advanced functionality, while being cost-effective. Before focusing on e-mobility, IRP has developed, certified and delivered motion systems for safety-critical aerospace applications.

Northvolt

Corporate Round in 2021
Northvolt AB, founded in 2016 and based in Stockholm, Sweden, specializes in the manufacture of sustainable lithium-ion batteries tailored for various sectors, including automotive, grid, industrial, portable, and micromobility markets. The company focuses on developing eco-friendly battery solutions that feature a minimal carbon footprint and incorporate advanced recycling technologies. Northvolt provides a range of products, including battery cells, custom cells, and complete battery systems, all designed to support clean energy initiatives and facilitate the electrification of transport. By emphasizing research and development, as well as industrialization, Northvolt aims to establish a reliable supply of sustainable battery cells and systems, enabling industries to transition from fossil fuels to electric alternatives efficiently.

TuSimple

Series E in 2020
TuSimple is a self-driving truck company based in San Diego and operating self-driving trucks out of Tucson, Arizona. TuSimple’s trucks are the first and only capable of self-driving from depot-to-depot and do so every day for its customers. Founded in 2015, TuSimple is developing a commercial-ready Level 4 (SAE) fully autonomous driving solution for the logistics industry. The company is driven by a mission to increase safety, decrease transportation costs, and reduce carbon emissions.

Northvolt

Venture Round in 2020
Northvolt AB, founded in 2016 and based in Stockholm, Sweden, specializes in the manufacture of sustainable lithium-ion batteries tailored for various sectors, including automotive, grid, industrial, portable, and micromobility markets. The company focuses on developing eco-friendly battery solutions that feature a minimal carbon footprint and incorporate advanced recycling technologies. Northvolt provides a range of products, including battery cells, custom cells, and complete battery systems, all designed to support clean energy initiatives and facilitate the electrification of transport. By emphasizing research and development, as well as industrialization, Northvolt aims to establish a reliable supply of sustainable battery cells and systems, enabling industries to transition from fossil fuels to electric alternatives efficiently.

QuantumScape

Corporate Round in 2020
QuantumScape is a renewable energy company focused on advancing solid-state battery technology to enhance the performance and range of electric vehicles. Founded in 2010 by Jagdeep Singh in San Jose, California, the company aims to transform the battery industry by creating a solid-state battery that offers significantly higher energy storage capacity compared to traditional batteries. QuantumScape is developing next-generation solid-state lithium-metal batteries, featuring an innovative anode-less cell design that improves energy density while reducing material costs and streamlining manufacturing processes. Through these advancements, QuantumScape seeks to facilitate the widespread adoption of electric vehicles.

Audi

Post in 2020
Audi is a manufacturer of luxury vehicles based in Ingolstadt, Germany, known for its emphasis on sporty designs, high build quality, and innovative technology encapsulated in the phrase “Vorsprung durch Technik.” The company produces a range of premium automobiles, including supercars, Super SUVs, and sporty motorcycles under the Audi, Lamborghini, and Ducati brands. As it navigates the evolving landscape of mobility, Audi is implementing its strategy to remain a key player in the automotive industry.

IRP Systems

Series B in 2020
IRP makes electric vehicles powerful and affordable. By leveraging its breakthrough technology in control algorithms and powertrain design, its systems reach an unprecedented level of efficiency, in full compliance with mass-production practices. TrueDrive, IRP's wide portfolio of innovative products, offers high performance, a unique driving experience and advanced functionality, while being cost-effective. Before focusing on e-mobility, IRP has developed, certified and delivered motion systems for safety-critical aerospace applications.

[credi2]

Series A in 2019
[credi2] develops and operates solutions for banks, financial service providers and trading companies in order to be able to offer their customers modern payment and financing solutions. [credi2] can rely on a proven technology platform that can handle all processes fully automatically, from the first customer contact to the enforcement of outstanding claims. [credi2] cooperates among others with: Volkswagen Bank, Deutsche Handelsbank, BLSK, Raiffeisen Bank International and Erste Bank. One of the best-known product for end customers is cashpresso, a flexible credit line.

SeeReal Technologies

Corporate Round in 2019
SeeReal Technologies S.A., also known as SeeReal Luxembourg, is an IP development company established in 2005 and headquartered in Luxembourg. The company specializes in the marketing, partnering, and licensing of intellectual property rights. It is focused on developing holographic head-mounted displays that aim to provide immersive and realistic augmented reality experiences. With features such as high-resolution displays, a wide field of view, and low latency, SeeReal's technology enables enterprise customers to enhance training, collaboration, and data visualization.

Argo AI

Corporate Round in 2019
Argo AI, LLC is an artificial intelligence company that specializes in developing robotics and AI solutions for self-driving vehicles. Founded in 2016 and based in Harrisburg, Pennsylvania, with additional locations in Pittsburgh, Southeast Michigan, and the Bay Area, the company aims to create a fully integrated self-driving system that can be manufactured at scale for safe deployment in ride-sharing and goods delivery services. Argo AI develops a comprehensive suite of software, hardware, maps, and cloud-support infrastructure designed to enhance the safety and reliability of autonomous driving technology. Additionally, the company offers Ground Truth, a storytelling platform that provides insights into the development of its autonomous driving innovations. As a subsidiary of Ford Motor Company, Argo AI collaborates with leading automakers to advance the future of mobility.

Northvolt

Corporate Round in 2019
Northvolt AB, founded in 2016 and based in Stockholm, Sweden, specializes in the manufacture of sustainable lithium-ion batteries tailored for various sectors, including automotive, grid, industrial, portable, and micromobility markets. The company focuses on developing eco-friendly battery solutions that feature a minimal carbon footprint and incorporate advanced recycling technologies. Northvolt provides a range of products, including battery cells, custom cells, and complete battery systems, all designed to support clean energy initiatives and facilitate the electrification of transport. By emphasizing research and development, as well as industrialization, Northvolt aims to establish a reliable supply of sustainable battery cells and systems, enabling industries to transition from fossil fuels to electric alternatives efficiently.

Gett

Series E in 2019
Gett, Inc. is a technology company that specializes in providing on-demand black car services through a SaaS-based platform tailored for corporate transportation. Founded in 2006 and headquartered in New York, with additional offices in London, Moscow, and Tel Aviv, Gett facilitates taxi bookings via its mobile application across several countries, including the United States, the United Kingdom, and Israel. The platform integrates various ride-hailing options, allowing businesses to optimize their ground travel experience, which includes features such as automatic invoicing and analytics. Gett aims to streamline corporate travel and has demonstrated its effectiveness by helping clients reduce their global ground travel costs by approximately 25%. The company has established a strategic partnership with Volkswagen Group and serves a diverse clientele, including a significant number of Fortune 500 companies.

WirelessCar

Acquisition in 2018
WirelessCar AB specializes in providing telematics services for manufacturers of cars and commercial vehicles, operating in Sweden and internationally. Established in 1999 and based in Gothenburg, the company offers a range of services, including emergency calls, remote diagnostics, vehicle tracking, and remote vehicle management features such as immobilization and lock/unlock functions. WirelessCar serves both the automotive and commercial vehicle sectors, offering tailored solutions that support vehicle management, transport management, and integration with enterprise resource planning (ERP) systems. With over 15 years of experience, WirelessCar operates across more than 50 countries, supported by teams in various locations, including Brazil, China, India, Japan, Sweden, and the United States. The company's open telematics platform enables clients, including prominent manufacturers like Audi, Nissan, and Volvo Cars, to maximize the benefits of connected services for their customers.

ONO

Grant in 2018
Creating transformative change in urban mobility, making our cities cleaner and more enjoyable. We first focus on urban logistics, moving goods around the city in ways that are sustainable, efficient and cost-effective. Our vehicle and its modular platform system, with easily swappable modular units, meets the needs of city logistics. From moving food to flowers to furniture, the possibilities are endless. ONO’s founders, pioneer in e-mobility solutions, Beres Seelbach, former head of design at Mercedes and Volkswagen, Murat Günak, and light electric vehicle expert and engineer, Philipp Kahle, sought to rethink and reshape modern urban transportation. They put together a forward-thinking group of designers, engineers and creative thinkers who shared their vision of transforming urban mobility. ONO is a Berlin-based e-mobility company introducing a whole new category of emissions-free vehicle: the Pedal Assisted Transporter (PAT), combining the flexibility of a bicycle with the capacity and durability of a van. We offer environmentally friendly urban logistics solutions designed and optimised for cities of today.

QuantumScape

Corporate Round in 2018
QuantumScape is a renewable energy company focused on advancing solid-state battery technology to enhance the performance and range of electric vehicles. Founded in 2010 by Jagdeep Singh in San Jose, California, the company aims to transform the battery industry by creating a solid-state battery that offers significantly higher energy storage capacity compared to traditional batteries. QuantumScape is developing next-generation solid-state lithium-metal batteries, featuring an innovative anode-less cell design that improves energy density while reducing material costs and streamlining manufacturing processes. Through these advancements, QuantumScape seeks to facilitate the widespread adoption of electric vehicles.

Gett

Series E in 2018
Gett, Inc. is a technology company that specializes in providing on-demand black car services through a SaaS-based platform tailored for corporate transportation. Founded in 2006 and headquartered in New York, with additional offices in London, Moscow, and Tel Aviv, Gett facilitates taxi bookings via its mobile application across several countries, including the United States, the United Kingdom, and Israel. The platform integrates various ride-hailing options, allowing businesses to optimize their ground travel experience, which includes features such as automatic invoicing and analytics. Gett aims to streamline corporate travel and has demonstrated its effectiveness by helping clients reduce their global ground travel costs by approximately 25%. The company has established a strategic partnership with Volkswagen Group and serves a diverse clientele, including a significant number of Fortune 500 companies.

GoFun

Series A in 2017
Provider of new energy car rental services and developer of rental application software. The company provides new energy cars for rental and allows customers to rent cars on smart phones, enabling consumers to book vehicles according to their personal needs.

Shouqi Zhixing

Series A in 2017
Shouqi Zhixing, which operates electric vehicle sharing platform GoFun, is founded in 2015 and controlled by Beijing Shouqi Group Co., Ltd. The company allows people to rent EV by scanning their ID card. As of this October, it has 10,000 cars available for renting.

Mobvoi

Series D in 2017
Mobvoi, Inc., also known as Chumenwenwen, is an artificial intelligence company founded in 2012 and headquartered in Beijing, China. The company specializes in developing technologies for Chinese language speech recognition, natural language processing, and vertical mobile search. Mobvoi offers a Smart Watch Operating System that incorporates mobile intelligence voice search compatible with various platforms, including iOS, Android, Android Wear, Google Glass, and WeChat. Additionally, the company has established a strategic agreement with The Volkswagen Group, enhancing its technological capabilities and market presence.

Hubject

Funding Round in 2016
Hubject, founded in 2012, offers an "eRoaming" platform which aims to connect up EV charging stations and unify overall charging infrastructure for better mapping and easier payment solutions.

GoFun

Venture Round in 2016
Provider of new energy car rental services and developer of rental application software. The company provides new energy cars for rental and allows customers to rent cars on smart phones, enabling consumers to book vehicles according to their personal needs.

Navistar

Post in 2016
Navistar International Corporation, founded in 1902 and headquartered in Lisle, Illinois, is a prominent manufacturer of commercial trucks, buses, defense vehicles, and diesel engines. The company operates through four main segments: Truck, Parts, Global Operations, and Financial Services. It produces Class 4 through 8 trucks and buses for various markets, including common carrier, private carrier, government, and commercial transportation, under the International and IC brands. Navistar also designs and manufactures components such as truck cabs and engines, while offering a range of aftermarket parts. In addition to producing mid-range diesel engines for multiple applications, Navistar provides contract manufacturing services to original equipment manufacturers. The company supports its products through an extensive dealer network, with over 1,000 outlets in the United States and Canada, as well as additional locations in Mexico. Navistar is recognized for its commitment to environmental standards, being the first truck and engine manufacturer certified by the U.S. Environmental Protection Agency for compliance with stringent emissions standards.

Gett

Corporate Round in 2016
Gett, Inc. is a technology company that specializes in providing on-demand black car services through a SaaS-based platform tailored for corporate transportation. Founded in 2006 and headquartered in New York, with additional offices in London, Moscow, and Tel Aviv, Gett facilitates taxi bookings via its mobile application across several countries, including the United States, the United Kingdom, and Israel. The platform integrates various ride-hailing options, allowing businesses to optimize their ground travel experience, which includes features such as automatic invoicing and analytics. Gett aims to streamline corporate travel and has demonstrated its effectiveness by helping clients reduce their global ground travel costs by approximately 25%. The company has established a strategic partnership with Volkswagen Group and serves a diverse clientele, including a significant number of Fortune 500 companies.

QuantumScape

Corporate Round in 2014
QuantumScape is a renewable energy company focused on advancing solid-state battery technology to enhance the performance and range of electric vehicles. Founded in 2010 by Jagdeep Singh in San Jose, California, the company aims to transform the battery industry by creating a solid-state battery that offers significantly higher energy storage capacity compared to traditional batteries. QuantumScape is developing next-generation solid-state lithium-metal batteries, featuring an innovative anode-less cell design that improves energy density while reducing material costs and streamlining manufacturing processes. Through these advancements, QuantumScape seeks to facilitate the widespread adoption of electric vehicles.

Porsche

Acquisition in 2012
Porsche, founded in 1931 and headquartered in Stuttgart, Germany, specializes in the engineering and manufacturing of premium and luxury sports cars, SUVs, and sedans. The brand is renowned for its commitment to performance, quality, and innovation, particularly in the realms of motorsports and German engineering. In addition to its vehicle offerings, Porsche provides a range of services including vehicle financing, leasing, banking, insurance, and fleet management. The company's Strategy 2025 focuses on the future of sports cars, integrating sustainability and advanced technologies such as electromobility, digitalization, and connectivity. In 2023, Porsche delivered over 320,000 vehicles globally, with significant sales in China, Europe, and North America. The brand's dedication to quality and performance continues to shape its reputation as a leader in the automotive industry.

Scania

Acquisition in 2008
Scania AB is a global manufacturer of heavy trucks, buses, and engines, headquartered in Södertälje, Sweden. Established in 1891, the company produces trucks tailored for long-distance transport, urban deliveries, and construction, alongside buses and coaches for public transport and tourism. Scania also develops industrial and marine engines used in various applications, including generator sets and construction machinery. In addition to its manufacturing capabilities, the company offers a range of services such as vehicle financing, insurance, maintenance, fleet management, and driver training. Scania Financial Services provides diverse financial solutions, while Scania Growth Capital invests in innovative companies that contribute to sustainable transportation. As a subsidiary of TRATON SE, Scania continues to focus on sustainable transportation solutions and technological advancements within the automotive and transport sectors.
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