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Automotive Ventures Closes Inaugural Fund to Invest in Early-Stage Auto Tech Companies

Automotive Ventures Closes Inaugural Fund to Invest in Early-Stage Auto Tech Companies

ATLANTA, June 8, 2021 /PRNewswire/ — Automotive Ventures, the company that supports automotive technology entrepreneurs, businesses, and investors with industry-specific resources, strategic consulting, and extensive connections, has announced the final closing of its inaugural venture fund, Automotive Ventures Fund I




Automotive Ventures announces the final closing of its inaugural venture fund, Automotive Ventures Fund I.

“Fundraising during a global pandemic had its challenges, but I’m pleased to report that the fund was oversubscribed with more than $7 million in committed capital that we’re eager to deploy into early-stage automotive tech companies,” said Automotive Ventures CEO and Founder Steve Greenfield. “Despite only kicking off the fundraise in the latter half of 2020, the motivation to launch a fund has been building for far longer. We’ve witnessed a shortage of institutional capital for early-stage auto tech companies for decades

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The Chip Shortage Could Be on Its Way Out. What It Means for the Auto Sector.

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A shortage of semiconductors is delaying automotive production by millions of units around the globe, costing auto makers billions in profits—just as demand is surging after the Covid-19 pandemic. But recent commentary from car and chip makers suggests that there might be a light at the end of the tunnel for the industry and for automotive investors.

Investors have heard plenty about the current state of capacity problems for months. Roughly 2 million cars—or about 10% of quarterly global automotive production—weren’t built in the first quarter because of no chips. Ford Motor (ticker: F), one of the auto makers feeling the shortage most acutely, said in late April that it expects to lose about 50% of planned second-quarter production.

It has been much harder for automotive investors to get a sense of when these supply chains issues actually will improve. But Chinese electric-vehicle maker

NIO

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Car shopping isn’t likely to get easier, as chip shortages deplete auto dealers’ lots

For the next few months, Charlie Gilchrist figures his 11 car dealerships in Dallas-Fort Worth will sell just about every new vehicle they can get from the factories — and at increased prices.

In normal times, that would be cause for joy. Not so much now.

A global shortage of computer chips has forced automakers to slash production. The result has been far fewer vehicles on dealer lots, just as the waning pandemic has fueled pent-up consumer demand for cars, trucks and SUVs.

With shrunken supply and robust demand, dealers like Gilchrist could sell many more cars and trucks, if only they had more. Even at elevated prices — the average new-vehicle sales price tops $40,000, up nearly 10% in two years — customer demand exceeds supply.

“It’s pretty evident when you pull onto our lots that there’s not much selection,” said Gilchrist, whose lots carry brands ranging from General

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Nutson Auto News Weekly Wrapup


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AUTO CENTRAL CHICAGO May 2, 2021 Every Sunday Larry Nutson, The Chicago Car Guy and Executive Producer, with able assistance from senior editor Thom Cannell from The Auto Channel Michigan Bureau, compile The Auto Channel’s
“take” on this past week’s automotive news, condensed into easy to digest new>s Nuggets.

LEARN MORE:Links to full versions of today’s news nuggets along with a million pages of the past 25 year’s automotive news, articles, reviews and archived stories residing in

The Auto Channel Automotive News Library can be found by just copying and then inserting the main headline into the News Library Search Box.

Want more automotive content than our million plus pages?, TV viewers can watch The Auto Channel-TV Network on Hulu, Google, You Tube and of course TUNA Digital Network and Old Fashioned “Free and Clear” OTA (Over the air)
TV in Boston and South Florida as well as local

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