Maniv Mobility secures US$100m in second venture fund for self-driving startups

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Venture capital firm Maniv Mobility announced today (July 9) that it has closed its second venture fund with US$100m in commitments, including strategic investment by 12 organizations from the automotive and transportation industry.

Investors in Maniv’s newest fund include Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi; Aptiv; BMW i Ventures; Hyundai Motor Group; Lear Corp; LG Electronics; Shell Ventures and Valeo. Additional investors include Deutsche Bahn Digital Ventures – the venture arm of the German rail and logistics operator Deutsche Bahn – and the Israeli car importer Carasso Motors.

Maniv will continue to invest in the leading startups accelerating the digitization of transportation. This focus spans data and connectivity, digital and electric mobility platforms, and autonomous and autonomous-enabling technologies.

Maniv will continue to invest globally, leveraging its expansive strategic network to source and support portfolio companies. Maniv has invested in 27 companies including Arbe Robotics, Bipi, Cognata, Hailo Technologies, Intuition Robotics, Nauto, Oryx Vision, Otonomo, Phantom Auto, Revel Transit and Upstream Security.

“Our strategic network, unparalleled access and deep involvement in the growth and success of our portfolio means the most impactful mobility startups worldwide are choosing to work with Maniv” said Olaf Sakkers, general partner at Maniv.

Dr Young Cho Chi, president and chief innovation officer at Hyundai Motor Group, added, “This fund is critical to our business as Maniv has a proven track record of bolstering the startups that solve the most pressing mobility issues.

“We are confident that Maniv will continue to support the technological solutions that we need to propel our industry forward and usher in an era of highly safe, efficient, and sustainable mobility solutions.”

Glen De Vos, senior vice president, chief technology officer and president, mobility and services group, Aptiv, said, “We’re at a moment of incredible change in the automotive and mobility industry. As a global technology company focused on safe, green and connected mobility, partnering with Maniv is one way we are staying ahead of technology changes and continuing to lead innovation in this space.”

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Dan joined UKi Media & Events in 2014 having spent the early years of his career in the recruitment industry. As deputy editor, he now produces content for the Autonomous Vehicle International website and supports the editor with the publication of each exciting new issue.

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