Topics
Latest
AI
Amazon
Image Credits:Kimberly White/Getty Images for TechCrunch
Apps
Biotech & Health
mood
Image Credits:Kimberly White/Getty Images for TechCrunch
Cloud Computing
Department of Commerce
Crypto
Enterprise
EVs
Fintech
Fundraising
Gadgets
gage
Government & Policy
ironware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
surety
Social
Space
Startups
TikTok
Transportation
speculation
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
telecasting
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
Trucks Venture Capitalco - laminitis Reilly Brennan has spend more than a decade wait for — and investing in — entrepreneurs building the future of transportation , including autonomous vehicle tech , galvanising atmosphere hack , EV battery charger maintenance , mobility data platforms , and more .
Now , Brennan along with pardner Jeffrey Schox , Kathryn Schox , and Puneeth Meruva , are on the hunt for the next batch of early - stage startup and have a raw $ 70 million fund to avail them make . Trucks is n’t mention the investors in the fund , but Brennan noted there are seven strategic limited partners , include an automotive supplier , tyre manufacturer , insurance company , and airway flattop .
This is the San Francisco - based firm’sthird fundand its largest to date .
hand truck VCplans to make about 30 seminal fluid investment from the monetary fund , and to publish checks between $ 500,000 to $ 2 million at seed and pre - seed stagecoach . motortruck typically aims to obtain about 10 % possession stakes as part of its scheme .
hand truck has already invested in several startup from the new fund , including charger installation - as - a - Robert William Service startupTreehouse , zero - emissions jet aircraft companyJetZero , low - cost mellow - frequency kinetic launch firmAuriga Space , andCarvis , which has developed an AI passe-partout technical school to support grease monkey .
The house ’s investment strategy has germinate a bit since its founding in 2014 , but Brennan observe it still is fundamentally the same as when they started . In particular , it has never looked for startups that take a slot or sector .
“ Our main strategy is be so good that the good founders have to have a conversation with you early , as opposed to looking for , hey , in this store , I need to have four hydrogen troupe and four EV charging companies ; we run to not do that , ” he explained .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
One famed change in strategy go on about six years ago . Instead of coming up with an idea and attempt out the founding father , Trucks changed course and focus on great founders .
“ When we would acquire an estimation and then go find a beginner that was turn on it , we tended to just make sorry decisions because we were kind of just looking for an idea , a founding father , to confirm our diagonal , ” he say . “ We realized we were seeing somewhere between 100 and 150 new companies a calendar month and recall ‘ why do n’t we look and see if there ’s a great founder that opens us up to a new idea we had n’t thought of . ’ I think in some means , it gave us the flexibility to get going doing thing like airmanship or aerospace that definitely was n’t part of our charge back in 2015 . ”
Some of Trucks ’ past investment includeBear Flag Robotics , which was acquired by John Deere ; and Zendrive , which Intuitboughtlast year . truck also has invested in Joby Aviation , autonomous company Gatik , and automated trajectory ascendence startup Skyryse .
