RapidFlight, LLC, an unmanned aircraft manufacturing company announced the acquisition of the intellectual property (IP) portfolio of Local Motors. Local Motors was an American automobile manufacturing company founded in 2007. A…lnkd.in/ge2rDmFy lnkd.in/gPkvfZD6

NEU Battery Materials, a Singapore-based lithium-ion battery recycling startup, has raised US$3.7 million in a seed funding round. SGInnovate led the round, which was also joined by ComfortDelGro, Shift4Good, Paragon Ventures I and…lnkd.in/g5gbhRaP lnkd.in/ghsTb5ap

Nigeria’s mobility fintech company Moove, Uber’s largest vehicle supply partner in EMEA, has secured US$8 million in financing from Absa Corporate and Investment Banking, bringing its total funding to date from the bank to US$28 mi…lnkd.in/g7hHBNUC lnkd.in/gcGzmffK

New vehicles are packed with sensors and technology that protect and pamper drivers and passengers. But those features are also raising the cost of repairs after accidents. lnkd.in/gXy_Hy6k

Unlike Chinese EV giant BYD, which has ambitious plans in Europe but says the U.S. is off-limits for now, GEELY’s premium brands want a piece of the American market. Polestar sold almost 10,000 Chinese-made cars in the U.S. last ye…lnkd.in/gfu9Pzxe lnkd.in/gYK3fgA3

The weekly Automotive Ventures Intel Report is available now (click below). lnkd.in/gvA_z2rd

The auto industry is beginning to crank out more electric vehicles (EVs) to challenge Tesla, but there's one big problem: not enough buyers. The growing mismatch between EV supply and demand is a sign that even though consumers ar…lnkd.in/gbCA87sj lnkd.in/gfBrNTJq

Dutch-based Hardt Hyperloop, a hyperloop network technology platform, has secured €12M in a fresh round of funding from key public and private investors. According to the Dutch startup, this milestone supports the construction of…lnkd.in/gQxRc-E8 lnkd.in/gqhzGTRX

Syrius Robotics raised CN¥100,000,000  from Anhui Industrial Transformation and Upgrading Fund and co-led by Tongling State-owned Capital and Tongling Dajiang Investment Holdings Co., Ltd. Syrius is the first brand in China to fo…lnkd.in/gDFqxKcx lnkd.in/g_VR4wk5

Connected car data was once touted as the "new oil," but an exit and a bankruptcy from two of the industry's largest players reflect a different reality. Otonomo and wejo aimed to tap into the opportunity for monetizing connected v…lnkd.in/gnsH5_vS lnkd.in/gXK_Pesw

Fisker Inc (NYSE:FSR) will sell an institutional investor $340M in 0% senior unsecured convertible notes due 2025, with the option to enhance the principal amount to $680M. The notes have an original issue discount of approximately…lnkd.in/gxzdsDvK lnkd.in/gqwch57p

BillionElectric, an E-Mobility as a Service (eMaaS) platform, announced its entrance into the Indian market, securing USD 10 million in a seed round of equity and asset lease funding. The fund will be used for the deployment of…lnkd.in/gc2mMSCg lnkd.in/gBc3cSQu

Evos, a venture created by three former Tritium® executives, has raised $5 million from existing backers, just weeks before the company launches its first electric car charger designed for consumers. The company builds electric ve…lnkd.in/gAsFTZPx lnkd.in/gMRMb6xw

EV startup Vegh Automobiles, has secured a $5 million pre-series round of investment. The company already boasts a state-of-the-art manufacturing facility in Bathinda, Punjab, which also serves as its research and development hub…lnkd.in/g2TXcmai lnkd.in/gPa5tk4Z

e.GO Mobile, an innovative producer of urban battery electric vehicles and unique production technology, closed a $75 million fixed-interest rate debt financing from Western Asset Management. e.GO has developed a new innovative ve…lnkd.in/gc8Drn_V lnkd.in/gqBGYRda

Automotive Ventures is excited to announce the latest investment out of our new DealerFund: Electric vehicle (EV) charging start-up Go Eve has raised £3m in its first-ever funding round. We are excited to invest alongside The Pea…lnkd.in/gZdWcsjP lnkd.in/g-5wht_Y

Proper thermal control is key for battery performance and extending battery life. Although it does use some battery charge, aka range, to maintain the battery temperature, it’s well worth it for long-lasting packs. hubs.li/Q01_3bqj0

This week on The Future of Automotive Steve Greenfield examines the background of the founder of the latest publicly traded automaker, VinFast. This week company to watch: Ascento Robotics bit.ly/3Lpx3v8

Honored to contribute to a The Wall Street Journal article on car buying! 🚗 Big thanks to Perri Ormont Blumberg for the collaboration. Check it out here: on.wsj.com/3t6xUug #CarBuyingTips #WSJ #Automotive

An interesting article referenced here with some good perspective about the automotive UAW strike and the competitive implications. Would love to see how much per hour costs are in Europe and Asia for pure imports. Automotive Ventures The Washington Post mailchi.mp/3e9fe38c9863/a…