Published on August 8th, 2017 | by James Ayre
August 8th, 2017 by James Ayre
A relatively new venture capital fund focused on ground transportation, Autotech Ventures, has announced the successful close of its first fund. The fund has around $120 million in capital commitments now in tow.
The roughly 3-year-old Bay Area–based venture fund has already helped fund 6 different companies — including the popular on-demand taxi service Lyft. Part of the appeal that the fund is apparently selling is that it’s offering its limited partners direct introductions to startups.
In addition to Lyft, the venture fund also counts the EV charging startup Volta Charging as one of its investments. Volta provides “free” electricity