Quite a few mobility startups, such as Drive.ai and Moovit, have made their names in the industry with app-based platforms that allow customers to find and book transportation services on their smartphones. Rethink Ventures’ new fund, however, looks to invest in companies that are looking beyond smartphone-based models and towards solutions for automotive and logistics that are more clean, safe, and digital. With a focus on Europe-based startups at the early stage, this fund could be a big help to some of the more promising players in this space.
The rise of ridesharing platforms, such as Uber and Lyft, has revolutionized the way people get around town. Ridesharing platforms allow shoppers to order a ride from a pre-selected pool of drivers, and riders are typically charged a base fare as well as an additional fee for each mile traveled. This model is popular because it is cheaper than traditional forms of transportation like taxis and public transportation, and it allows people to access transportation when they need it without having to wait for an appointment or plan ahead.
The fund aims to provide its portfolio companies with the resources they need to thrive, while also creating a lasting positive impact on their corporate partners. By working together in partnership, all involved benefit greatly. This creates a mutually beneficial ecosystem that helps contribute positively to society as a whole.
Next-generation vehicle technologies promise to revolutionize transportation and make it more efficient, comfortable, and affordable for everyone. The fund will focus on investing in mobility providers that are leaders in these emerging areas, as well as logistics companies that can help enable digital, automated and sustainable operations.
The new fund is looking to invest in innovative companies that are contributing to the transition to a more sustainable society. Shipzero and Rydes are both platforms that help businesses reduce emissions, while Deftpower provides a way for companies to launch electric charging offerings.
