Vektor Partners Raises New €125M Fund to Focus on Sustainable Mobility

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According to some estimates, the future mobility market $178.7 billion by 2026, up from $78.1 billion two years ago. And over the past decade, 400 billion dollars of investments have been invested in this sector, of which 100 billion dollars have been invested from 2020.

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But most venture capital funds are not specialists in this area. This has created a space to explore electric powertrains, batteries and broader electric and fuel cell solutions for mobility.

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At least, this is the thesis of the mobility fund. Vector Partners which has raised a new fund of 125 million euros to address similar issues.

Founded in 2020 as one of a handful of purpose-built mobility venture capital firms, Vektor invests in what it says are “deep tech startups utilizing AI and software that enable scaling and categorization of SaaS/MaaS-based businesses” that move people and goods from A to B in a more efficient, greener and safer way.

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Partners include Sebastian Bihari, who previously headed an automotive technology investment bank; Chris Riley, Former Startup CFO; Isabelle Falkenberg, ESG expert; and Valentin Menedetter, former senior executive director of Palantir Technologies and Speedinvest.

Together with Nielsen Ventures, Vektor led a $17.5M Series A funding round in NoTraffic, a platform that uses computer vision, machine learning and cloud integration to drive traffic.

Other recent investments include German startup Peregrine Technologies and Israeli tech firm GuardKnox.


Credit: techcrunch.com /

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