Borusan Ventures’ Post

#AI, #Trucking Volvo Group Venture Capital invests in aifleet, an AI-driven trucking company Volvo Group Venture Capital AB invests in the U.S.-based company aifleet, a trucking company leveraging its unique AI-technology to reshape the future of trucking focusing on truck utilization and driver satisfaction.   "aifleet is addressing inefficiencies in the trucking industry in a differentiated manner, building technology and proving out its capabilities through their own fleet operations," said Joe Darcy, Investor at Volvo Group Venture Capital. "Not only are they increasing the utilization of the trucks on the road but also making sure drivers have an optimized working environment."   Founded in 2020, aifleet operates in the U.S. full-truckload (FTL) segment of the trucking industry, where a truck's full capacity is bought to ship larger freight between set destinations. The segment is currently fragmented and challenged by low driver utilization, and facing inefficiencies like empty miles in the supply chain.   "The U.S. full-truckload (FTL) market size is $400 billion, but it's a massively inefficient and fragmented market with half a million carriers, where even the biggest has less than 1% of the market. As truck utilization has trended downward since 2018, aifleet has developed technology to mitigate the utilization problem to radically improve trucking efficiencies, while bringing real humanity back to the driver experience," said Marc El Khoury, co-founder and CEO of aifleet. "We are excited about Volvo's investment and we are looking forward to continuing to leverage our technology to create a more sustainable fleet and industry."   Powered by its proprietary AI-technology, aifleet is building a trucking fleet focused on increased driver satisfaction that boost truck utilization with better planning tools and smarter algorithms. By optimizing route planning and scheduling, and building end-to-end automation, aifleet's own operation generate over 40% higher driver utilization than industry average.   #AI, #RB

⚡️DeepDrive raises €30 million in oversubscribed Series B funding round⚡️ DeepDrive, a high-tech electric motor company setting new benchmarks in efficiency, performance, and sustainability, closed an oversubscribed €30 million Series B funding round. The round was led by Leitmotif – a newly established US venture capital fund – with participation from all existing investors, BMW i Ventures, the corporate venture unit of Continental, UVC Partners, and Bayern Kapital through the Wachstumsfond Bayern. 🚗 The fresh funding enables DeepDrive to prepare for series production, meeting strong interest for its EV motor technology from 8 of the world’s 10 largest automakers. 💰 Large-scale implementation of DeepDrive's motors could deliver savings of over €1 billion to automakers. 🌱 Accelerating EV adoption, DeepDrive's technology has the potential to cut gigatons of CO2 emissions and reduce the environmental impact of vehicle operations. Our General Partner Andreas Unseld highlights: “We are thrilled to continue our support for DeepDrive. As their first backer, it has been an honor to guide their journey from the beginning. DeepDrive exemplifies the remarkable capabilities of the German startup and tech ecosystem, demonstrating cutting-edge innovation and a commitment to building a sustainable future.” Felix Poernbacher, Co-founder and Co-CEO of DeepDrive, comments: “DeepDrive's mission is to revolutionize the automotive industry by providing groundbreaking solutions that help automakers meet their efficiency and cost goals. We believe in a collaborative approach, working hand-in-hand with established players to get our motors on the streets. This funding round marks a significant milestone, and with the support of Leitmotif and our existing investors, we are poised to fulfill the large demand from global automakers.” Read more in our press release: https://lnkd.in/dPajuVg6 🔗 In Handelsblatt: https://lnkd.in/d4jqiKdt 🔗In Yahoo Finance: https://lnkd.in/dJ49HGjf 🔗In Finimize: https://lnkd.in/dEHgmm2A Learn more about DeepDrive: https://deepdrive.tech/

UK tech funding roundup: This week’s deals from Wayve to FungALL. 🔎 This week’s UK tech funding deals include autonomous vehicle software developer Wayve, white-labelled insurance provider Eleos, personalised fitness and nutrition app Hexis and more. UKTN tracked £1.9bn worth of UK tech investment this week (6 May to 10 May), a 32% week-on-week increase across 12 funding deals. This figure includes £1.07bn of debt financing for loan providers Abound and iwoca. Here’s your weekly roundup of UK tech startup funding deals ➡️ https://lnkd.in/ejv-ZPEq 🔗 #fundingdeals #roundup #weeklyroundup #technews #investment #funding #loans #UKtech

Car-sharing Capital Raises in the U.S. - October 16th-31st, 2024 Several interesting transactions closed in the Car-sharing sector over the past 2 weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me. Later Stage VC 1. Derq, developer of a real-time predictive analytics platform designed to eliminate road crashes, save lives, and create smarter roadways, raised an amount of venture funding from Emirates Telecommunications Group Company and AT&T. 2. Outrider, developer of autonomous yard operation technology designed to drive the rapid adoption of sustainable freight transportation by deploying zero-emission systems, raised $62.46 million of Series D venture funding in a deal led by New Enterprise Associates and Koch Disruptive Technologies. 3. Third Wave Automation, manufacturer of an autonomous forklift technology designed to deliver general, robust, precise, and correct automated movement of material and inventory, raised $27 million of Series C venture funding in a deal led by Woven Capital. 4. Waymo, developer of a self-driving technology designed to offer on-demand riding services that make it convenient for people and things to move around, raised $5.6 billion of Series C venture funding in a deal led by Alphabet.   #castleplacement #capitalraising #privateequity #venturecapital #investment #carsharing

Ati Motors, a Blume Fund III portfolio company, has successfully raised $20 million in Series B funding. 🙌 The round was co-led by Walden Catalyst Ventures and NGP Capital, with participation from True Ventures, Exfinity Venture Partners, Athera Venture Partners (formerly Inventus India), and us. Ati Motors is revolutionizing logistics automation in India with cutting-edge autonomous mobile robots (AMRs) 🤖🚛 Founded by Saurabh Chandra, ATI Motors addresses the critical challenges in manufacturing and logistics with its Autonomous Mobile Robots (AMRs). It has developed a full-stack in-house solution, including hardware, software, and sensor-fusion algorithms. This unique multidisciplinary approach allows its robots to operate seamlessly in diverse and demanding environments. Ati Motors has deployed hundreds of its Sherpa robots across 40 manufacturers, including enterprise customers like Airbus, Hyundai, Samsung, and TVS Motor. This fresh funding will allow the company to: • Accelerate production of its cutting-edge AMRs to meet growing demand. • Enhance its in-house R&D to refine its AI-driven robotics platform further. • Expand its reach in domestic and international markets, including Southeast Asia and the U.S. Saurabh Chandra, Founder & CEO of ATI Motors, shared: “This funding marks an important milestone for us. It enables us to scale operations, advance our technology, and strengthen our leadership in autonomous logistics solutions.” We are proud to back ATI Motors as it continues to redefine automation and lead innovation in the rapidly growing robotics sector. Here’s to the future of autonomous mobility—congrats, team ATI Motors! 🚀 Karthik B. Reddy Ashish Fafadia Sanjay Nath Arpit Agarwal Rohit Kaul Ria Shroff Desai Mitul Mehta Alok Mehta Deepika Jain Sarita Raichura Gautham Sivaramakrishnan Vikram Gawande Venkatesh Modi Read more here: https://lnkd.in/g9CtvA3M

Ati Motors Secures $20M Series B to Transform Manufacturing Key Points👇 ❶ Ati Motors is raising $20 million in a Series B funding round, though its valuation has not been disclosed. ❷ Walden Catalyst Ventures and NGP Capital are the lead investors in this new funding round. ❸ Other investors include True Ventures, Exfinity Venture Partners, Athera Venture Partners (formerly Inventus India), and Blume Ventures. "Since our founding, Ati Motors mission has been to create advanced, reliable products that enhance both productivity and efficiency in industrial settings." - Saurabh Chandra, Founder and CEO of Ati Motors. #FundingNews #Funding https://lnkd.in/drUs7JZj

Volvo Group Venture Capital AB invested in aifleet, a trucking company leveraging its unique AI-technology to reshape the future of trucking focusing on truck utilization and driver satisfaction. Founded in 2020, aifleet operates in the U.S. full-truckload (FTL) segment of the trucking industry, where a truck's full capacity is bought to ship larger freight between set destinations. The segment is currently fragmented and challenged by low driver utilization, and facing inefficiencies like empty miles in the supply chain. Powered by its proprietary AI-technology, aifleet is building a trucking fleet focused on increased driver satisfaction that boost truck utilization with better planning tools and smarter algorithms. By optimizing route planning and scheduling, and building end-to-end automation, aifleet's own operation generate over 40% higher driver utilization than industry average. https://lnkd.in/eyXbvszp

For Automakers, Autonomy And Sustainability Are Top Startup Investment Themes

Trust the process. Yesterday I spent the morning with the team at EVE Partners, LLC, one of the leading investment groups in the transportation & logistics industry. Led by JJ Schickel, you will be hard pressed to find a more brilliant, experienced, & passionate team than EVE. Companies like Point Dedicated Services, Inc., Integrity Express Logistics, & Energy Transport Logistics have found enormous success in their partnership with EVE. But innovation in supply chain moves at breakneck speeds, which is why EVE expanded to include venture capital led by the indomitable Thiago Olson who manages EVE ATLAS. Companies like aifleet, Slip Robotics, & Kayhan Space are counted among some of the partnerships. The future of supply chain is CASE: Connected, Autonomous, Shared, & Electric. And firms like EVE will remain on the cutting edge. As I am no doubt certain of, much more to come!

Super excited to share this news today. It's an amazing time to be building and I continue to be honored and humbled by the caliber of VCs investing in our vision at Cobot. Welcome Paul Kwan and Teresa Carlson! Welcome General Catalyst, Bison Ventures, Industry Ventures and Lux Capital! Please share, comment, repost. Cobot Raises $100M Series B! We have raised a $100 million Series B led by General Catalyst, with incredible support from Bison Ventures, Industry Ventures, Lux Capital, and continued trust from our existing partners such as Sequoia Capital, Khosla Ventures, Mayo Clinic, Neo, and others. We launched in 2022 with the objective to bring robots out of the fenced in environments of logistics warehouses and seamlessly into the world around us. Now, with over $140 million in funding and robots in the field, we're gearing up to harden our supply chain, double-down on AI-driven robot interactions, and accelerate our deployments. Welcoming Paul Kwan and Teresa Carlson As the head of General Catalyst’s Global Resilience team, Paul Kwan brings a unique perspective to how we build a more dynamic and resilient systems that enable a healthier and more sustainable future, a mission that we share.  Paul will join Alfred Lin on our Board.  Teresa Carlson, a visionary leader known for her transformative work at Amazon and Microsoft, is also joining us as an Advisor. Teresa's unparalleled experience will be pivotal as we scale and transform industrial automation worldwide. Why This Matters Our goal is simple yet ambitious: we believe in a future where robots are a trusted extension of our surroundings, seamlessly handling the movement of materials in logistics and manufacturing, as well as hospitals, airports and stadiums. This investment signals a robust confidence in our technology, team, and vision to reshape how work is done. Thank you to our investors, our team, and everyone who believes in a future enhanced by collaborative robotics. We're building the future together. Blog Post here... https://lnkd.in/gw36FSRY #Cobot #Funding #Innovation #Robotics