Volkswagen

Volkswagen is one of the world's leading manufacturers of automobiles and commercial vehicles, offering a wide range of passenger cars, SUVs, vans, trucks, motorcycles, engines, and turbomachinery. The company provides related services such as financing, connectivity, mobility solutions, and aftersales support.

Thomas Ulbrich

CEO

Past deals in Electric Vehicle

Northvolt AB

Convertible Note in 2023
Northvolt AB is a Swedish manufacturer of sustainable lithium‑ion batteries for electric vehicles, renewable energy storage, and industrial applications. Founded in 2016 and headquartered in Stockholm, the company designs and produces cells, custom cells, and complete battery systems with a focus on minimal carbon emissions and integrated recycling. Its production facilities combine research, industrialization, and end‑to‑end recycling technologies to deliver environmentally friendly batteries that support the transition to a decarbonized economy.

Xpeng Motors

Post in 2023
Xpeng Motors is a Chinese electric vehicle and technology company that specializes in the design and manufacture of smart cars. The company emphasizes local market needs and prioritizes consumer experience, integrating advanced autonomous driving features and internet-connected technologies into its vehicles. This approach aims to enhance the overall functionality and appeal of their cars, making them more than just traditional vehicles. Additionally, Xpeng Motors has a subsidiary, Xpeng Robotics, which focuses on developing smart robots as part of its broader mobility ecosystem.

Northvolt AB

Convertible Note in 2022
Northvolt AB is a Swedish manufacturer of sustainable lithium‑ion batteries for electric vehicles, renewable energy storage, and industrial applications. Founded in 2016 and headquartered in Stockholm, the company designs and produces cells, custom cells, and complete battery systems with a focus on minimal carbon emissions and integrated recycling. Its production facilities combine research, industrialization, and end‑to‑end recycling technologies to deliver environmentally friendly batteries that support the transition to a decarbonized economy.

Electrify America

Corporate Round in 2022
Electrify America is a subsidiary of Volkswagen Group of America that operates an extensive electric vehicle charging network across the continental United States. The company focuses on developing infrastructure and energy management solutions to promote the adoption of zero-emission vehicles. With charging stations strategically located an average of 70 miles apart on major routes, Electrify America aims to enhance the accessibility of electric vehicle charging. Additionally, the company is dedicated to raising awareness about electric vehicles through educational initiatives and outreach programs, thereby fostering a broader understanding of the benefits of zero-emission transportation.

24M Technologies

Series F in 2022
24M Technologies specializes in energy storage systems for grid and transportation applications. It offers innovative binder-free semisolid electrodes and unit cells, eliminating the need for traditional hydro or pyrometallurgical processes in battery recycling.

Northvolt AB

Venture Round in 2021
Northvolt AB is a Swedish manufacturer of sustainable lithium‑ion batteries for electric vehicles, renewable energy storage, and industrial applications. Founded in 2016 and headquartered in Stockholm, the company designs and produces cells, custom cells, and complete battery systems with a focus on minimal carbon emissions and integrated recycling. Its production facilities combine research, industrialization, and end‑to‑end recycling technologies to deliver environmentally friendly batteries that support the transition to a decarbonized economy.

IRP Systems

Series C in 2021
Founded in 2015, IRP Systems specializes in designing and manufacturing electric motion technology for aviation and industrial robots. The company's flagship product, Hummingbird Motion Systems, offers a proprietary control algorithm and unique motor design, providing an unmatched size-weight-power ratio and high power efficiency.

Northvolt AB

Corporate Round in 2021
Northvolt AB is a Swedish manufacturer of sustainable lithium‑ion batteries for electric vehicles, renewable energy storage, and industrial applications. Founded in 2016 and headquartered in Stockholm, the company designs and produces cells, custom cells, and complete battery systems with a focus on minimal carbon emissions and integrated recycling. Its production facilities combine research, industrialization, and end‑to‑end recycling technologies to deliver environmentally friendly batteries that support the transition to a decarbonized economy.

Northvolt AB

Venture Round in 2020
Northvolt AB is a Swedish manufacturer of sustainable lithium‑ion batteries for electric vehicles, renewable energy storage, and industrial applications. Founded in 2016 and headquartered in Stockholm, the company designs and produces cells, custom cells, and complete battery systems with a focus on minimal carbon emissions and integrated recycling. Its production facilities combine research, industrialization, and end‑to‑end recycling technologies to deliver environmentally friendly batteries that support the transition to a decarbonized economy.

Audi AG

Post in 2020
Audi AG is a leading manufacturer of premium vehicles known for their sporty performance, high build quality, and innovative design, encapsulated in their motto “Vorsprung durch Technik.” As a subsidiary of the luxury automotive segment, Audi produces a diverse array of luxury cars that cater to discerning customers. The company is committed to evolving the automotive landscape by actively participating in the transition toward new forms of mobility, systematically implementing strategic initiatives to ensure its relevance in the changing market.

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.

IRP Systems

Series B in 2020
Founded in 2015, IRP Systems specializes in designing and manufacturing electric motion technology for aviation and industrial robots. The company's flagship product, Hummingbird Motion Systems, offers a proprietary control algorithm and unique motor design, providing an unmatched size-weight-power ratio and high power efficiency.

Aeva Technologies

Corporate Round in 2019
Aeva Technologies develops sensing and perception technologies for autonomous systems by integrating vision, depth, and motion sensing into a single platform. Its core Frequency Modulated Continuous Wave (FMCW) LiDAR on chip enables 4D LiDAR with longer range, higher resolution, and the ability to measure velocity for every pixel, delivering robust performance in varying weather conditions. The company targets automated driving and applications across consumer electronics, health, industrial automation, and security. Founded in 2016 and based in California, Aeva operates globally.

Northvolt AB

Corporate Round in 2019
Northvolt AB is a Swedish manufacturer of sustainable lithium‑ion batteries for electric vehicles, renewable energy storage, and industrial applications. Founded in 2016 and headquartered in Stockholm, the company designs and produces cells, custom cells, and complete battery systems with a focus on minimal carbon emissions and integrated recycling. Its production facilities combine research, industrialization, and end‑to‑end recycling technologies to deliver environmentally friendly batteries that support the transition to a decarbonized economy.

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.

GoFun

Series A in 2017
GoFun is a company that specializes in new energy car rental services, leveraging advanced technology to facilitate mobile travel. It offers a platform through which consumers can book vehicles that align with their specific transportation needs. By allowing customers to rent new energy cars via a smartphone application, GoFun streamlines the booking process, making it convenient and accessible. The company focuses on the development of innovative energy solutions within the rapidly evolving transportation industry.

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.

Hubject

Funding Round in 2016
Hubject GmbH, founded in 2012 and based in Berlin, Germany, specializes in developing an eRoaming platform that connects electric vehicle charging infrastructures across Europe. The company provides a range of digital B2B solutions designed to enhance the user experience for various stakeholders in the electric mobility sector. These solutions include SHARE, a direct payment system for charge point operators; intercharge direct, which facilitates ad-hoc charging and direct payments at stations; CONNECT, aimed at emobility service providers; and CHECK, a certification for charging system manufacturers. Hubject's platform serves a diverse clientele, including charge point operators, automotive manufacturers, energy suppliers, electric vehicle power providers, app developers, charging station manufacturers, fleet managers, carsharing providers, IT service providers, and newcomers to the emobility sector. The company has established strategic partnerships to further enhance its offerings and expand its network.

GoFun

Venture Round in 2016
GoFun is a company that specializes in new energy car rental services, leveraging advanced technology to facilitate mobile travel. It offers a platform through which consumers can book vehicles that align with their specific transportation needs. By allowing customers to rent new energy cars via a smartphone application, GoFun streamlines the booking process, making it convenient and accessible. The company focuses on the development of innovative energy solutions within the rapidly evolving transportation industry.

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 is a German automobile manufacturer renowned for premium, high-performance sports cars, SUVs and sedans. Building on a rich racing heritage and engineering mastery, the company emphasizes sporty design and an engaging driving experience. Strategy 2025 centers on shaping the future product portfolio through electromobility, digitalisation and connectivity, aiming to combine innovative technology with the exclusive mobility associated with the Porsche crest. The business pursues sustainable growth while maintaining the brand's quality and performance standards across its models, services and customer experiences. With global operations and a focus on research, development and customer centricity, Porsche continues to expand its offerings while preserving its heritage of performance and precision.
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