Aifleet is a pioneering technology-driven trucking company dedicated to transforming the logistics industry for drivers. Founded in late 2020, Aifleet employs advanced artificial intelligence algorithms to optimize asset utilization, achieving approximately 35% higher efficiency than the industry standard. The company operates within the extensive full truckload market, valued at $400 billion, and focuses on a driver-centric model. Each driver is supported by a dedicated fleet manager, ensuring clear communication and assistance both on the road and in daily operations. Through its innovative approach, Aifleet aims to enhance the trucking experience for hardworking drivers while enabling clients to streamline their logistics processes.
HaleyTek
Secondary Market in 2024
HaleyTek is a software company specializing in the development of automotive-embedded software platforms specifically designed for Android-powered infotainment systems. The company provides software solutions that enhance navigation, media playback, and voice assistant functionalities, ensuring a seamless user experience in a variety of vehicles. By leveraging QNX technology, HaleyTek enables low latency, rapid startup, and supports safety-critical applications while allowing Android to operate as a guest through hypervisor extensions.
Commercial Vehicle Group - Cab Structures Business
Acquisition in 2024
Commercial Vehicle Group - Cab Structures Business is a unit of Commercial Vehicle Group that manufactures trucks catering to the Class 8 market.
Waabi is an artificial intelligence company focused on developing autonomous driving technology for the transportation sector, specifically through its solution known as the Waabi Driver. Founded in 2021 by Raquel Urtasun and based in Toronto, Canada, Waabi aims to facilitate the large-scale commercialization and safe deployment of self-driving technology, particularly in logistics and transportation. The company utilizes advanced deep learning, probabilistic inference, and complex optimization techniques to create software that is end-to-end trainable and interpretable. This innovative approach allows clients to test a wide range of driving scenarios and safety-critical edge cases in a closed-loop simulator, significantly reducing the need for extensive real-world driving tests. As a result, Waabi contributes to a safer and more affordable pathway for the adoption of autonomous trucking solutions.
Holyvolt is a technology company focused on renewable energy solutions, specializing in nano paste screen printing technology for energy generation and storage. The company leverages advanced nanoparticles to create products that can generate, illuminate, heat, and store energy, utilizing a specially modified screen printing machine. This innovative approach allows the nano paste to be applied to any flat surface across various industries, eliminating the need for toxic or rare earth materials. Holyvolt's technology is designed to perform effectively under extreme temperature conditions, offering high-output solar cells, batteries, and heaters with enhanced efficiency and performance.
Syre is a textile impact company that focuses on hyperscale textile-to-textile recycling, beginning with polyester.
Proterra Powered
Acquisition in 2023
Proterra Powered is a vehicle manufacturer that focuses on clean zero-emission transportation. The company is a subsidiary of Proterra. By implementing the same technology Proterra used to break the world record for EV range, Proterra Powered partners can keep pace with the industry’s movement toward cleaner, quieter, more powerful vehicles.
Proterra - Battery Modules Business
Acquisition in 2023
Proterra - Battery Modules Business is a unit of Proterra that manufactures battery services.
Polestar Performance AB, based in Gothenburg, Sweden, is an electric vehicle manufacturer and a subsidiary of Volvo Car Corporation. Founded in 1996, Polestar focuses on creating high-performance electric cars that emphasize advanced design, technology, and sustainability. The brand aims to redefine the automotive experience with its innovative offerings and services, positioning itself at the forefront of electromobility. Polestar has launched several models, including the Polestar 1, which began production in 2019, and the Polestar 2, with additional models in development. The company primarily generates revenue from the U.S. market, reflecting its commitment to delivering premium electric vehicles to consumers.
Trucksters
Series B in 2023
Trucksters is a Madrid-based freight startup that specializes in long-haul transport services through an innovative relay system. This approach utilizes big data and artificial intelligence to optimize logistics, significantly reducing transit times for long-distance road freight. By enabling trucks to remain continuously in motion via strategically placed relays, Trucksters enhances delivery efficiency and lowers transportation costs. The company serves over 500 shippers across the European Union, contributing to the acceleration of the electrification agenda while also aiming to improve the quality of life for drivers.
Foretellix
Series C in 2023
Foretellix Ltd. is a company specializing in the development of a verification framework for Intelligent Autonomous Systems, particularly focusing on Autonomous Vehicles. Established in 2010 and headquartered in Tel Aviv, Israel, Foretellix provides innovative solutions that automate the verification of safety-critical automotive systems. The company has created a platform that enables measurable safety verification, utilizing a coverage-driven methodology that has been successfully applied in the semiconductor industry. This platform facilitates the analysis of safety-related metrics to ensure comprehensive coverage of various driving scenarios, allowing clients to confirm that their vehicles perform safely in critical situations. By addressing the challenges of verifying increasingly complex automated driving systems, Foretellix aims to reduce risks, costs, and time to market for autonomous vehicle deployment.
Waabi
Venture Round in 2023
Waabi is an artificial intelligence company focused on developing autonomous driving technology for the transportation sector, specifically through its solution known as the Waabi Driver. Founded in 2021 by Raquel Urtasun and based in Toronto, Canada, Waabi aims to facilitate the large-scale commercialization and safe deployment of self-driving technology, particularly in logistics and transportation. The company utilizes advanced deep learning, probabilistic inference, and complex optimization techniques to create software that is end-to-end trainable and interpretable. This innovative approach allows clients to test a wide range of driving scenarios and safety-critical edge cases in a closed-loop simulator, significantly reducing the need for extensive real-world driving tests. As a result, Waabi contributes to a safer and more affordable pathway for the adoption of autonomous trucking solutions.
Zenseact
Acquisition in 2023
Zenseact is a developer of automotive software focused on enhancing safety and intelligence in mobility. The company's primary objective is to create solutions that allow vehicles to perceive their surroundings and operate autonomously without human intervention. By prioritizing the protection of all road users, Zenseact aims to instill a sense of security in passengers, enabling them to relax and fully enjoy their commuting experience. Through its innovative technologies, Zenseact is dedicated to making safe and intelligent mobility accessible to everyone, everywhere.
Polestar Performance AB, based in Gothenburg, Sweden, is an electric vehicle manufacturer and a subsidiary of Volvo Car Corporation. Founded in 1996, Polestar focuses on creating high-performance electric cars that emphasize advanced design, technology, and sustainability. The brand aims to redefine the automotive experience with its innovative offerings and services, positioning itself at the forefront of electromobility. Polestar has launched several models, including the Polestar 1, which began production in 2019, and the Polestar 2, with additional models in development. The company primarily generates revenue from the U.S. market, reflecting its commitment to delivering premium electric vehicles to consumers.
Optibus
Venture Round in 2022
Optibus leverages the power of machine learning and optimization algorithms to redefine the way mass-transportation is planned and operated. Optibus’ disruptive technology drive some of the most complex transportation operations worldwide, helping to improve the quality of service, increase efficiencies, save money, and streamline operations.
Connected Energy
Venture Round in 2022
Connected Energy Ltd, founded in 2010 and based in Newcastle upon Tyne, United Kingdom, specializes in energy storage solutions by utilizing recycled electric vehicle batteries through its innovative E-STOR technology. This system allows businesses to convert used car batteries into energy storage systems, enabling them to store excess energy for later use. Connected Energy's offerings include software and services that enhance load management, optimizing efficiency and cost savings across various sectors, including healthcare, education, industrial, retail, and utilities. The company has established a diverse client base and operates systems across the UK, Belgium, Germany, and the Netherlands, with capacities ranging from 60 kW to 1.2 MW, and plans for larger installations in the future. As a subsidiary of Future Transport Systems Ltd, Connected Energy aims to commercialize the research and development conducted by its parent company.
Aurora Innovation develops advanced software and hardware products for self-driving vehicles, aiming to transform the movement of people and goods. Founded in 2016 and headquartered in Palo Alto, California, the company operates additional offices in the Bay Area, Bozeman, Pittsburgh, and Dallas. Its primary offering, the Aurora Driver, is a scalable self-driving system capable of operating various vehicle types, including freight-hauling trucks and ride-hailing passenger vehicles. This technology supports Aurora's driver-as-a-service products, Aurora Horizon and Aurora Connect, catering to trucking and ride-hailing sectors. By integrating rigorous engineering with applied machine learning, Aurora Innovation seeks to create a comprehensive transportation ecosystem that connects automakers, logistics services, and mobility providers.
Foretellix
Series B in 2021
Foretellix Ltd. is a company specializing in the development of a verification framework for Intelligent Autonomous Systems, particularly focusing on Autonomous Vehicles. Established in 2010 and headquartered in Tel Aviv, Israel, Foretellix provides innovative solutions that automate the verification of safety-critical automotive systems. The company has created a platform that enables measurable safety verification, utilizing a coverage-driven methodology that has been successfully applied in the semiconductor industry. This platform facilitates the analysis of safety-related metrics to ensure comprehensive coverage of various driving scenarios, allowing clients to confirm that their vehicles perform safely in critical situations. By addressing the challenges of verifying increasingly complex automated driving systems, Foretellix aims to reduce risks, costs, and time to market for autonomous vehicle deployment.
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.
Jiangling Motors
Acquisition in 2021
Jiangling Motors Corporation is a China-based automobile manufacturing company that specializes in the production and sale of light vehicles and associated spare parts. Its principal offerings include a range of commercial vehicles such as light trucks, pick-up trucks, sport utility vehicles (SUVs), and heavy trucks, with notable products including Ford transit vehicles and JMC-branded models. The company also manufactures various components, including engines, frames, and axles, catering primarily to the domestic market. Through its diverse portfolio, Jiangling Motors aims to meet the transportation needs of various sectors while contributing to the automotive landscape in China.
Polestar
Corporate Round in 2021
Polestar Performance AB, based in Gothenburg, Sweden, is an electric vehicle manufacturer and a subsidiary of Volvo Car Corporation. Founded in 1996, Polestar focuses on creating high-performance electric cars that emphasize advanced design, technology, and sustainability. The brand aims to redefine the automotive experience with its innovative offerings and services, positioning itself at the forefront of electromobility. Polestar has launched several models, including the Polestar 1, which began production in 2019, and the Polestar 2, with additional models in development. The company primarily generates revenue from the U.S. market, reflecting its commitment to delivering premium electric vehicles to consumers.
Designwerk Technologies
Acquisition in 2021
Designwerk Technologies specializes in the development and production of electric commercial vehicles and related electromobility products. The company offers a range of innovative solutions, including battery storage systems and mobile fast chargers with capacities of 22 kilowatts and 44 kilowatts, as well as wall charging stations available for both purchase and rental. Additionally, Designwerk Technologies provides tailored engineering services to meet specific automotive battery requirements, catering to both domestic and international markets. Through its commitment to sustainability, the company aims to support the growing demand for electric mobility solutions.
FourKites
Series D in 2021
FourKites, Inc. is a software company that specializes in providing a predictive supply chain platform aimed at enhancing operational efficiency for freight brokers and shippers. Founded in 2013 and based in Chicago, Illinois, the company offers a real-time tracking platform that serves shippers, carriers, third-party logistics providers, and freight brokers. Its solutions include BackHaul Management, which identifies potential deadhead miles, and CarrierLink, which facilitates real-time synchronization between brokers and owner-operators. FourKites stands out in the industry for its Intelligent Control Tower, which utilizes AI-driven technology to create digital twins of supply chains, automate resolutions, and improve collaboration among stakeholders. By processing actionable data from various transportation modes, FourKites helps businesses reduce operating costs, enhance on-time performance, and strengthen customer relationships.
Driivz
Funding Round in 2021
Driivz Ltd. is a developer of a comprehensive electric vehicle (EV) charging management platform, based in Tel Aviv, Israel, and founded in 2012. The platform facilitates the management of all aspects of EV operations, including chargers, drivers, and energy consumption. It offers features such as real-time charger availability, transaction management, billing, and membership services for drivers. Driivz's solution supports fleet and host management, providing tools for fleet managers, charger hosts, and vendors to monitor performance, analyze usage trends, and receive real-time alerts for charging issues. Additionally, the platform includes capabilities for pricing and tariff management, ensuring stable energy vehicle charging. Operating in over 30 countries, Driivz serves a diverse clientele, including global charge point operators and electric mobility service providers, enabling them to enhance their charging infrastructure and improve operational efficiency.
Flock Freight
Series C in 2020
Flock Freight Inc. is a logistics company that specializes in less than truckload (LTL) freight shipping and management across North America. Founded in 2015 and based in Solana Beach, California, with an additional office in Vista, the company focuses on optimizing freight transport by pooling multiple LTL shipments into full truckloads using proprietary algorithms. This approach minimizes inefficiencies and waste within the freight industry, offering solutions like FlockDirect, which ensures direct routes for shipments without terminal handling, thereby enhancing safety and on-time delivery. Additionally, Flock Freight provides a software platform that facilitates multi-stop shipment pooling, catering to the logistics needs of mid-market and enterprise-level businesses. The company aims to revolutionize the $60 billion LTL freight sector by delivering a superior customer experience and significant economic savings for shippers and carriers alike.
Adnavem
Venture Round in 2020
Adnavem AB is a logistics technology company that operates a software as a service (SaaS) marketplace for container freight transportation. Founded in 2017 and headquartered in Gothenburg, Sweden, with additional offices in Frankfurt, Singapore, and Shanghai, Adnavem connects cargo owners directly with logistics suppliers through its proprietary tech platform. The company offers a range of delivery services, including door-to-door, port-to-door, port-to-port, and door-to-port options. By facilitating direct engagement between transport customers and suppliers, Adnavem enhances control, transparency in pricing, and service performance. The platform also emphasizes environmental sustainability by providing real-time data and notifications, enabling users to select the most eco-friendly transportation options while minimizing carbon emissions.
AutoTech Ventures
Venture Round in 2019
Autotech Ventures, established in 2013 and based in Menlo Park, California, is a venture capital firm managing over $400 million. It invests in early-stage startups operating in the ground transportation industry, focusing on connected, autonomous, shared, and electrified vehicles, as well as related mobility services. The firm provides portfolio companies with capital, industry connections, market intelligence, talent recruitment support, and fundraising assistance. By bridging the gap between innovative startups and established corporations, Autotech Ventures aims to shape the future of transportation.
Apex.AI
Venture Round in 2019
Apex.AI, Inc. is a software development company focused on creating solutions for autonomous mobility systems, particularly for self-driving vehicles. Founded in 2017 and headquartered in Palo Alto, California, the company offers Apex.OS, a software framework that simplifies the complexity of hardware and software integration through user-friendly, secure APIs. Additionally, Apex.AI provides Apex.Autonomy, a tool designed for safety-critical applications, and MARV.Automotive, a data management platform that facilitates the transfer of vehicle data to the cloud and enables advanced analytics and collaboration. The company's products leverage open-source technologies, allowing software developers to build reliable and efficient applications for autonomous vehicles.
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.
Varjo
Corporate Round in 2019
Varjo Technologies, established in 2016 and based in Helsinki, Finland, specializes in the development of high-fidelity virtual and augmented reality headsets. Its flagship product features a unique bionic display, offering human-eye resolution in the central field of view, surrounded by lower-resolution displays. This design mimics human vision, enhancing immersion and performance in VR and AR experiences. Varjo's customer base includes prominent industry leaders such as Boeing, Lockheed Martin, and Audi, demonstrating the practical applications of its technology in various sectors. The company aims to transform how people work, interact, and play by pioneering metaverse technologies.
Forciot
Seed Round in 2019
Forciot is a Finnish technology company founded in December 2015, specializing in advanced sensor technology for the Internet of Things (IoT). Emerging from a collaboration between leading wearable researchers from Tampere University of Technology and consumer electronics experts, Forciot aims to revolutionize the wearable technology landscape. The company envisions a future where measurement technologies are seamlessly integrated into everyday sporting products, such as shoes and gloves, eliminating the need for separate devices. Forciot provides business-to-business customers with innovative solutions that enable real-time measurement of force, power, pressure, balance, and weight. Their advanced stretchable electronics and algorithms allow manufacturers to harness valuable data on strength and performance, positioning Forciot as an engineering partner for those looking to develop next-generation IoT products.
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.
FreeWire
Corporate Round in 2018
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.
Garantibil
Acquisition in 2017
Garantibil is an online platform that facilitates the buying and selling of new and used cars, focusing on creating a secure environment for transactions. All vehicles listed on the site undergo thorough inspections and test drives conducted by independent evaluators, ensuring their quality and reliability. Each car is valued by a certified appraiser and comes with comprehensive insurance and a two-year warranty for used vehicles. Additionally, Garantibil safeguards the purchase amount until the sale agreement is fully executed, enhancing buyer confidence. This approach aims to protect consumers from dishonest sellers and streamline the process of acquiring used cars.
Luxe is building a logistics platform that will drive the next generation of local real time services, beginning with parking. The free Luxe app, available on iPhone, transforms parking from a necessary evil to a daily highlight. With a veteran team of leaders from Zynga, Tesla, Google, Yahoo and Groupon, a fleet of prescreened, friendly valets, dozens of insured and secure indoor parking lots and a sophisticated technology platform that monitors every step of the process from drop-off to pick-up, Luxe is leading the charge on a new industry of on demand services that addresses a ubiquitous urban challenge: parking.
Peloton Technology
Series B in 2017
Peloton Technology Inc., founded in 2011 and based in Menlo Park, California, specializes in developing active safety systems for the trucking industry. The company employs radar and Dedicated Short-Range Communications (DSRC) technology to facilitate vehicle-to-vehicle communication between pairs of trucks. This innovative system enhances safety by linking active safety features, while allowing drivers to maintain full control of steering. The technology manages acceleration and braking, akin to adaptive cruise control, significantly reducing collision-related expenses and improving fuel efficiency. On-road testing has demonstrated that trucks operating in this platooning system can achieve average fuel savings of over 7%, benefiting both the leading and trailing vehicles by minimizing aerodynamic drag. Peloton Technology aims to address critical challenges faced by modern trucking fleets, including safety and operational costs.
Peloton Technology
Series A in 2015
Peloton Technology Inc., founded in 2011 and based in Menlo Park, California, specializes in developing active safety systems for the trucking industry. The company employs radar and Dedicated Short-Range Communications (DSRC) technology to facilitate vehicle-to-vehicle communication between pairs of trucks. This innovative system enhances safety by linking active safety features, while allowing drivers to maintain full control of steering. The technology manages acceleration and braking, akin to adaptive cruise control, significantly reducing collision-related expenses and improving fuel efficiency. On-road testing has demonstrated that trucks operating in this platooning system can achieve average fuel savings of over 7%, benefiting both the leading and trailing vehicles by minimizing aerodynamic drag. Peloton Technology aims to address critical challenges faced by modern trucking fleets, including safety and operational costs.
Cargomatic
Series A in 2015
Cargomatic, Inc. is a technology-driven transportation platform that connects shippers with pre-screened carriers in real-time, primarily serving the short-haul and drayage trucking markets. Founded in 2013 and headquartered in Venice, California, Cargomatic facilitates an on-demand network for local truck availability, allowing shippers to submit loads and quickly find nearby trucks to meet their logistics needs. Since its launch in early 2014, the company has successfully supported tens of thousands of deliveries across California, Chicago, and metropolitan New York. By streamlining communication and reducing the reliance on traditional booking methods, Cargomatic enhances service levels, improves pick-up times and delivery rates, and enables customers to manage their outsourced transportation vendors more effectively through a single platform.
RidePal is a San Francisco-based startup focused on providing commuter shuttle services for companies and the general public. The company operates a network of Wi-Fi-enabled buses, offering convenient transportation solutions that enhance productivity and efficiency while also reducing congestion and greenhouse gas emissions. With a presence in over a dozen cities in the Bay Area, RidePal aims to improve the quality of life for commuters by facilitating shared rides. Additionally, the company collaborates with organizations to manage their existing bus services, ensuring a seamless commuting experience for employees of various sizes.
Lytx
Venture Round in 2013
Lytx, Inc. is a provider of video-based driver safety and fleet management solutions aimed at improving operational efficiency and safety for commercial and public sector fleets. Founded in 1998 and headquartered in San Diego, California, the company offers a range of services including the DriveCam system, which focuses on identifying and correcting poor driving behaviors, and the RAIR suite of compliance services that assist carriers with regulatory requirements. Lytx utilizes advanced machine vision and artificial intelligence technology to enhance its offerings, allowing clients to access historical data, optimize current operations, and foster better driver behavior for the future. The company serves a diverse clientele across various industries, including trucking, construction, distribution, and government, both in the United States and internationally.
DataChassi DC AB
Venture Round in 2012
DataChassi Larm specializes in developing advanced wireless alarm systems aimed at protecting the transportation of high-value goods and preventing theft. Utilizing radar-based and infrared sensor technology, their systems are designed to offer comprehensive protection for various assets, including vehicles, buildings, and personal items. The alarm systems are flexible and can be customized to meet specific customer requirements, allowing for easy integration with existing transport information systems. The company has attracted investment from Almi Invest, the West Coast Business Angels, and Volvo Group Venture Capital, highlighting its potential in the market for theft protection solutions.
Nema Labs
Seed Round in 2009
Nema Labs is a privately held company founded in 2006 with the mission to provide programmers with powerful and easy-to-use threading tools for multi-core platforms. The technology base originates on world-class research by Professor Per Stenstrom and his research team at Chalmers University of Technology in Gothenburg, Sweden. Nema Labs today employs Per Stenstrom's original research team and other key individuals, and is supported by the experienced business incubator Chalmers Innovation.
PowerCell Sweden
Venture Round in 2009
PowerCell Sweden AB is a Swedish company specializing in the development and distribution of fuel cell systems aimed at the transport industry and various high-technology markets. Founded in 2008 and based in Gothenburg, the company creates environmentally friendly power systems for stationary, marine, off-road, and on-road applications. Its fuel cell platforms operate using pure or reformed hydrogen gas, generating electricity and heat with zero emissions other than water. In addition to its core products, PowerCell offers consultation, support, modifications, and turnkey solutions to assist clients in transitioning to hydrogen electrification. The company primarily generates revenue from Norway, reflecting its growing presence in the clean energy sector.
SDC Materials
Venture Round in 2009
SDCmaterials is a privately held company that was founded in 2004 with a vision centered on Revolutionizing Materials Engineering. Their corporate mission is to create novel, high value, nano‐enhanced products that are easily integrated into Their customers’ manufacturing processes. The company’s primary focus is emission control catalyst ingredients for the automobile industry. SDC has developed proprietary catalytic materials fabrication and integration processes that are enabling step‐function improvements in the performance efficiencies of the underlying precious metals that are key to emissions control.
Vaperma is a developer, manufacturer, and supplier of advanced gas separation systems. Vaperma breakthrough patented polymer membrane technology combines solvent and high temperature resistance into a strong hollow fiber which enables to address many industrial applications. Vaperma advanced gas separation systems primarily target dewatering (''dehydration'') in a range of existing energy and industrial markets, including ethanol and natural gas processing applications. It can be used for applications such as the production of fuel-grade ethanol and the dehydration of natural gas, biogas, and chemicals. With Vaperma’s patented hollow-fiber polymer membrane, we offer our customers an energy-saving and eco-friendly solution for high-purity chemical products and a sustainable environment. Vaperma’s growth strategy is to focus on continuously improving its gas separation technologies to meet the broadest range of customer needs.
I-Tech
Venture Round in 2008
I-Tech is a Swedish company limited by shares and founded in 2000 by a group of researchers from University of Gothenburg and Chalmers University of Technology. I-Tech’s biocide Selektope® (generic name Medetomidine) has sprung from extensive research on the development of environmentally sound marine paints through a government funded multi-year research project. Several putative biocides were included in this project, but Selektope® distinguished from the others when it was discovered to affect the behaviour of the barnacle larvae so that they would not settle on prepared surfaces. The substance was particularly interesting as the effect can be identified already at nano-molar concentrations. Further development refined Selektope® to a potent, ecologically verified marine biocide for use as an antifoulant in marine bottom paints. The technology holds extensive patent protection for all relevant maritime nations. Selektope® has received regulatory approvals in Japan and Korea and is under registration in Europe and China.
TranSiC specializes in the development of bipolar junction transistors using silicon carbide, focusing on efficient power electronics systems suitable for clean technology applications. The company's products are engineered to operate in harsh environments, capable of withstanding high temperatures up to 250°C while delivering enhanced efficiency and lower losses. These transistors are particularly beneficial for industries such as oil and gas and avionics, supporting applications in hybrid vehicles, photovoltaic inverters, power factor correction, and motor drives. TranSiC's innovative solutions address the demand for reliable power control in challenging conditions, contributing to advancements in energy-efficient technologies.
Vaprema
Venture Round in 2007
Vaperma is a developer, manufacturer, and supplier of advanced gas separation systems. Vaperma breakthrough patented polymer membrane technology combines solvent and high temperature resistance into a strong hollow fiber which enables to address many industrial applications. Vaperma advanced gas separation systems primarily target dewatering (''dehydration'') in a range of existing energy and industrial markets, including ethanol and natural gas processing applications. It can be used for applications such as the production of fuel-grade ethanol and the dehydration of natural gas, biogas, and chemicals. With Vaperma’s patented hollow-fiber polymer membrane, we offer our customers an energy-saving and eco-friendly solution for high-purity chemical products and a sustainable environment. Vaperma’s growth strategy is to focus on continuously improving its gas separation technologies to meet the broadest range of customer needs.
TranSiC specializes in the development of bipolar junction transistors using silicon carbide, focusing on efficient power electronics systems suitable for clean technology applications. The company's products are engineered to operate in harsh environments, capable of withstanding high temperatures up to 250°C while delivering enhanced efficiency and lower losses. These transistors are particularly beneficial for industries such as oil and gas and avionics, supporting applications in hybrid vehicles, photovoltaic inverters, power factor correction, and motor drives. TranSiC's innovative solutions address the demand for reliable power control in challenging conditions, contributing to advancements in energy-efficient technologies.
Illuminate Labs
Venture Round in 2005
Illuminate Labs, based in Gothenburg, Sweden, specializes in developing and marketing rendering and baking technology tailored for game developers. Their proprietary LiquidLight technology powers tools like Turtle, a plug-in for Autodesk Maya used for advanced lighting and content creation in next-gen game development, and Beast, a game engine-independent tool for global illumination and dynamic relighting of characters. These technologies enable faster iteration on creative intent and more realistic in-game lighting, enhancing the overall quality of games.