A new venture fresture Leitmotif It has been in a quiet blitz for 16 months, funded 20 startups began to focus on decarbarization. These portfolios include TV company, space and play battery, and four Startup Nuclear Fusion. But the company has only said that the fund is from the “European Industrial Insity.”
Now, leitmotif has told techcrunch where the money comes from: Volkswagen groups.
The German automotive blind has done the first fund of $ 300 million and limited pairs; The leitmotif has attached approximately a third of the third.
And leitmotifs, according to the company that organizes Trevithick’s Matt Trevithick partners and Jens Wisese, want to play successful funds that reflect more European industrial interests than Volkswagen. (Specification for Volkswagen Group declined to comment state communication time in front of the annual encounter later.)
It is an ambitious effort. Furniture for startup devices, especially those who have serious manufacturing components, it has been difficult for years ago. But Trevithick believes that the right time to try to invest in the company.
“Technology is definitely a human driver, and I think the United States is about to be used for super-techcrunch.” I think years of the technical forces in the United States if the rest of the world will be surprised. “
Leitmotifically also established a transatlantic fund when a geopolitis environment filled by Trump’s administration.
Although the back, Wiese – the head of M & A Volkswagen Group M & A, Investment Advisors, before starting leitmotifs – said from European innovation bridge. ”
Incorrect priority: to make money
Trevithick and the way of saying Volkswagen have a major priority when she was tired of investing in funds: to make money.
“First and most primary, this is about to adjust to successful efforts,” Wisese said.
While Volkswagen Group Rakes in hundreds of billions of billions of years in profits, Wiese says money is still important for part because it remains a score. ”
After that, the company VC says that investing the plan of investing “companies establish the company in our field, and can also recognize” new pockets of Volkswagen groups.
Wiese says he expects ten leitmotive portfolio over time for a large volcanity and brand.
EV Truck Startup Harbinger is one of the examples. Leitmotive co-lamp harbinger $ 100 million Series b in JanuaryAnd Wiese said that the startup had a discussion on collaborate with Volkswagen Volkswagen Volkswagen Volkswagen trains.
Geographic investment strategies, leitmotif arranges allowing 70% of the capital will be applied to the US, with 30% of the other invested in the EU, and also maintains the office in Alto and the Munich.
Trevithick says 70% of the global leitmotive investment in the first funds will be made at the beginning of the “solving the current issue” and in “billion dollars plus to buy the innovation.”
30% of other funds will focus on what is called “revolutionary innovations” that will make “the billion dollars market in the 2030 and more.”
So far, this strategy is resolving in the Redwood Redwood Rural Materials, can be re-used company stokes, and also Syre opening polyters polyterster circles. Leitmotifically has been supported by the first 13 start to present, even if there is a portfolio not being announced.
Leitmotif will eventually have other funds; Trevithick and Wayyang says they know about the clear robotics and the next AI. Volkswagen will have the right to invest in the selection, but the leitmotif is self-respected and, it is now focused to complete the first funds.
Time is all
Last 2023, as the biggest time for the new memory to lock the large fundal funding, especially focuses on hardware or “tech tech,” thanks to flower levels.
Trevithick said that making a good time to start leitmotif.
“This is in the market when a strong company is separate from the ground. In the bubble, everyone will be funded,” he said.
The states of the fundraction of the fundament caused another company to take less risks outside the starters have been reviewed, the Trevitik said.
“No new dollars are available for funded companies that are there, because everyone got myopic about your own portfolio,” he said. “I think, if you get too much interest to participate in that round, the bubble time, it may not have access.”
These interests are a great part of the background and Trevithick.
Wiese wait for almost 8 years in Volkswagen Group, where her thumb, acquisition, and investment for German automaker. During this stint in Volkswagen, WIESE develops what is called “Just a network in the business community, and in the US” is Wiese as a member of the Board until 2024.
Trevithick, temporary, as a pair of venrock during the decade. There, he focused on making investments in the green energy during the original technology boom in the early 2010, with the highest battery betting to make the battery of a maneva – the company that eventually became a motorcycle.
Investment, advise, and the company guides through the next clean technological bust is a valuable experience to navigate the introductory current current plague.
As many goals “net” companies are either or abandoned, Trevithick says that the clean tech industry is “starting in a better position.”
In addition, Trevithick says he believes that it is not possible to do more for companies like leitmotifs – and the beginning.
“I think everyone can agree that it will only be an unexpected neighborhood. To whom the businessman, Startup, and capitalist.
“We feel confident about our portfolio,” he said. “Yes, (Decarbonization) is our overarching theme. At the same time, we invest in companies that believe they have a business case can not be able to give, then the theme of that day.”
