Rethink rethinks mobility and logistics with new €50M fund

Rethink Ventures simply introduced a €50 million specialist fund targeted on mobility, automotive and logistics. With key phrases “clear, secure, and digital,” the Munich-based agency is focusing particularly on Europe-based startups on the early stage, stretching into Collection A financing. LPs embody ZF Ventures, Hellmann Worldwide Logistics, KION Group, Berylls and HAVI, in addition to the European Funding Fund and a handful of household places of work.

“The transportation sector faces important challenges as the worldwide demand for mobility and logistics continues to develop. With greater than 25% of greenhouse gasoline emissions coming from this sector and extra adverse externalities corresponding to congestion and the numerous utilization of bodily house, there may be quite a lot of strain to quickly change the best way we transfer individuals and items,” says Jens-Philipp Klein, common associate at Rethink. “Our mission is to again early-stage startups that handle these challenges and assist them scale their applied sciences and merchandise utilizing our capital, deep experience and entry to a powerful community of corporates. Along with all stakeholders within the trade, we intention to foster options that finally will present clear, digital and secure mobility for everybody.”

The fund says that its high precedence is to supply unparalleled assist to its portfolio companies whereas including long-term worth to their company companions, making a mutually useful ecosystem that creates a optimistic impression for all.

The fund’s thesis-driven funding focus is on next-generation car applied sciences (software program outlined, autonomously operated, new powertrains), mobility (offering snug, secure and inexpensive mobility for everybody), logistics (digital, automated and sustainable operations) and vitality (infrastructure to energy a clear, emission-free way forward for transportation).

The brand new fund has made three investments so far: Deftpower, an automotive charging platform that allows companies to launch, handle and scale electrical charging choices to their prospects; Shipzero, a data-driven platform to measure and cut back CO2 emissions in international freight transportation; and Rydes, a SaaS resolution for companies to foster sustainable worker mobility by giving their staff entry to varied transport choices.