Data as of Aug 25, 2026 · Based on 290 AI responses from ChatGPT Search and Google AI Mode · See how Parse measures this
The automotive industry features several highly active corporate venture capital funds dedicated to mobility tech. BMW i Ventures,
Toyota Ventures, and
GM Ventures are frequently cited as leaders, focusing on key areas including electric vehicle infrastructure, software-defined vehicles, AI, and robotics. Other active funds noted include , , and Ventures, which also provide significant strategic support for startups building the next generation of transportation technologies.
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A leading investor for those seeking capital in electric vehicle technology, autonomous driving systems, and digital car services. Known for a broad, active reach across early to growth-stage mobility startups.
Best for startups working in robotics, AI, smart cities, and carbon neutrality. With over 800M in assets across various funds, it provides substantial backing for technology that aligns with automated vehicle goals.
A highly active choice for ventures focused on software, energy, and advanced automotive components like EV batteries and power electronics, supporting GM's broader electrification and software strategies.
If by “most active” you mean a combination of dedicated capital, recent deployment, portfolio depth, and strategic focus on mobility/automotive startups, the leaders today are fairly concentrated.
| Rank | Automaker / CVC | Why it stands out | Best fit for |
|---|---|---|---|
| 1 | Toyota — Woven Capital | $800M Fund II launched in 2025; broad mobility mandate and active 2026 deployment | Autonomous driving, mobility platforms, AI/robotics, EV infrastructure |
| 2 | BMW — BMW i Ventures | $300M Fund III launched in Apr. 2026, taking AUM above $1.1B | AI, automotive software, manufacturing, supply chain, materials |
| 3 | GM — GM Ventures | 79 investments, 37 active portfolio companies, and 36 rounds led; unusually deep automotive portfolio | Batteries, autonomy, connected vehicles, industrial tech |
| 4 | Porsche — Porsche Ventures | Long-running early-stage investor with a large global portfolio and explicit mobility mandate | Mobility, automotive software, industrial tech, energy transition |
| 5 | Stellantis — Stellantis Ventures | €300M initial fund, explicitly dedicated to automotive/mobility startups; active across autonomy, energy, AI and customer experience | Automotive technology, EVs, ADAS, AI, manufacturing |
| 6 | Hyundai — Hyundai CRADLE | Very broad and active startup program, including autonomous vehicles, robotics, smart mobility and energy | Robotics, autonomy, smart cities, mobility infrastructure |
| 7 | Mercedes-Benz — Mercedes-Benz venture activities | Historically one of the more active German OEM strategic investors, with substantial startup relationships | Mobility services, software, autonomy, electrification |
Probably the strongest overall strategic investor for a mobility startup.
Toyota's Woven Capital has an $800M second fund, giving it substantial fresh firepower. Its mandate spans autonomous driving, software-defined vehicles, connectivity, vehicle retail, robotics, supply chain, batteries, charging and sustainability.
Importantly, it's not just a big fund sitting on the sidelines: Woven has been making investments in 2026, including co-leading Moove's $250M Series C and participating in companies such as Xona and Machina Labs.
I'd put Toyota/Woven at #1 if your definition of mobility is broad.
BMW i Ventures just became arguably the best-funded dedicated automotive CVC in terms of disclosed cumulative capital.
Its $300M Fund III, announced in April 2026, pushed total capital under management above $1.1B. The new fund targets Seed through Series B companies in North America and Europe, particularly physical/agentic AI, industrial software, manufacturing, supply chain and advanced materials.
It's slightly less "mobility services" oriented than Woven and more focused on the technology stack underlying the automotive industry.
GM is one of the most consistently active OEM investors.
GM Ventures currently reports 79 investments, 37 active portfolio companies and 36 rounds as lead investor. Its portfolio covers batteries, connected vehicles, autonomy, manufacturing/robotics, enterprise software and transportation technology.
That makes GM particularly interesting for startups that want an eventual commercial relationship with an automaker, rather than merely financial capital.
Porsche Ventures is one of the more established OEM venture platforms, operating since 2016 and explicitly focused on mobility, industrial technology and energy transition. Its portfolio includes automotive transportation technology, micromobility, EV charging, automotive financing, battery technology and autonomous/connected-vehicle technologies.
It's particularly attractive for early-stage startups, whereas Woven's current fund is more growth-oriented.
Stellantis launched its first corporate venture fund with €300M of initial capital. The mandate is unusually explicit: automotive and mobility technology, including autonomous driving/ADAS, propulsion and energy storage, Industry 4.0, carbon reduction, customer experience and AI.
Stellantis has also been using the fund alongside strategic partnerships and proof-of-concepts, rather than treating CVC purely as a financial investment vehicle.
There are really three different groups here:
Best for mobility startups broadly
Best for automotive technology / industrial deep tech
Best if you want strategic OEM commercialization
One caveat: fund size isn't the same thing as current activity. For example, Woven's $800M Fund II is huge, but BMW i Ventures' new $300M fund is specifically being deployed now, while GM has a much larger historical portfolio. So I'd use recent investment count + new fund deployment + portfolio relevance rather than AUM alone to rank them. GM's disclosed 79 investments and Woven's active 2026 deployment are good examples of that distinction.
If you're building a target list for fundraising, my top five would be: Toyota/Woven, BMW i Ventures, GM Ventures, Porsche Ventures, and Stellantis Ventures.
BMW i Ventures just became arguably the best-funded dedicated automotive CVC in terms of disclosed cumulative capital.
Its $300M Fund III, announced in April 2026, pushed total capital under management above $1.1B. The new fund targets Seed through Series B companies in North America and Europe, particularly physical/agentic AI, industrial software, manufacturing, supply chain and advanced materials.
It's slightly less "mobility services" oriented than Woven and more focused on the technology stack underlying the automotive industry.
GM is one of the most consistently active OEM investors.
GM Ventures currently reports 79 investments, 37 active portfolio companies and 36 rounds as lead investor. Its portfolio covers batteries, connected vehicles, autonomy, manufacturing/robotics, enterprise software and transportation technology.
That makes GM particularly interesting for startups that want an eventual commercial relationship with an automaker, rather than merely financial capital.
Porsche Ventures is one of the more established OEM venture platforms, operating since 2016 and explicitly focused on mobility, industrial technology and energy transition. Its portfolio includes automotive transportation technology, micromobility, EV charging, automotive financing, battery technology and autonomous/connected-vehicle technologies.
It's particularly attractive for early-stage startups, whereas Woven's current fund is more growth-oriented.
Stellantis launched its first corporate venture fund with €300M of initial capital. The mandate is unusually explicit: automotive and mobility technology, including autonomous driving/ADAS, propulsion and energy storage, Industry 4.0, carbon reduction, customer experience and AI.
Stellantis has also been using the fund alongside strategic partnerships and proof-of-concepts, rather than treating CVC purely as a financial investment vehicle.
There are really three different groups here:
Best for mobility startups broadly
Best for automotive technology / industrial deep tech
When looking at the landscape of corporate venture capital (CVC) targeting mobility, transportation tech, and automotive innovation, several major OEM-backed and automotive-adjacent funds consistently lead in deal volume, portfolio size, and strategic relevance.
The most active and prominent corporate venture funds in this space include:
Would you like me to dive deeper into the specific investment focus areas (e.g., EV charging vs. autonomous software) or typical ticket sizes for one of these specific corporate funds?
If by “most active” you mean a combination of capital deployed, number of startup investments, dedicated CVC infrastructure, and ongoing appetite for mobility startups, I’d put the leading automaker-backed investors roughly in this tier:
| Rank | Corporate / CVC | Why it stands out | Best fit for |
|---|---|---|---|
| 1 | Toyota Ventures | One of the largest and broadest automotive CVC platforms; extensive mobility, autonomy, robotics, energy and climate portfolio | Mobility platforms, AV, robotics, electrification, climate |
| 2 | BMW i Ventures | Extremely active specialist investor; now $1.1B+ AUM after launching a $300M Fund III in 2026 | AI, AV, software, logistics, manufacturing, mobility |
| 3 | GM Ventures | Long-running dedicated CVC with a large portfolio and explicit transportation-tech mandate | EV/batteries, autonomy, connected vehicles, mobility infrastructure |
| 4 | Hyundai CRADLE | Broad global startup-investment program spanning mobility, robotics, AI, smart cities and energy | Robotics, future mobility, autonomy, smart cities |
| 5 | Stellantis Ventures | Dedicated €300M fund explicitly targeting automotive/mobility startups | Mobility services, customer tech, electrification, software |
| 6 | Porsche Ventures | Active global CVC with a strong technology/mobility orientation | Automotive software, AI, AV, energy, connected mobility |
| 7 | Volkswagen Group / its venture platforms | Historically one of the biggest automotive CVC investors by aggregate dollars; very large strategic investments, although activity is spread across multiple vehicles rather than one simple fund | EVs, software-defined vehicles, mobility, batteries |
| 8 | Mercedes-Benz / Mercedes-Benz Ventures | Significant strategic investment activity, particularly around software, autonomous driving, electrification and mobility | Premium mobility tech, software, AV, energy |
Toyota Ventures is probably the best overall target if you're a mobility startup looking for an automotive strategic investor. Its portfolio spans autonomous vehicles, robotics, charging, batteries and new mobility models; its current portfolio, for example, includes Revel and electric two-wheeler company River.
BMW i Ventures is arguably the most institutionally mature dedicated automotive CVC right now. In April 2026 it closed Fund III at $300M, bringing total capital under management above $1.1B. The new fund targets physical/agentic AI, industrial software, manufacturing, supply chain and advanced materials, with investments from seed through Series B.
gmventures.com explicitly describes itself as investing in automotive-related technology startups to advance transportation and mobility. Its portfolio includes companies in batteries, navigation, V2X, AR/heads-up displays and car sharing, among other areas.
cradleinc.com is unusually broad. It invests across mobility services, smart cities, AI, advanced materials, clean energy and robotics, making it particularly interesting for startups that sit at the intersection of mobility and adjacent technologies.
Stellantis launched its dedicated €300M Stellantis Ventures fund specifically for early- and later-stage companies whose technologies could be deployed in the automotive and mobility sector. Stellantis Media Its subsequent startup programs suggest the fund is still actively integrated into the company's innovation pipeline.
There are really two different rankings depending on what you mean by “active.”
If you mean historical dollars invested, the picture is quite different: an EIB/JRC analysis of 2015–2023 automotive CVC activity puts Volkswagen and Toyota clearly at the top, followed by Ford, Honda and GM.
If you mean “Which CVCs should a mobility startup actually approach today?”, I'd prioritize:
One caveat: Volkswagen deserves a higher position if you're measuring strategic capital deployment rather than activity of a dedicated venture fund. For example, VW has committed up to $5.8B to Rivian and the associated software-defined-vehicle JV—far beyond what you'd normally characterize as a conventional CVC check.
If you're building a fundraising target list for a specific mobility startup, I can also rank these by likelihood of investing at Seed / Series A / Series B, typical check size, geography, and mobility subsector (AV, fleet, charging, logistics, autonomy, software, etc.).
BMW i Ventures is arguably the most institutionally mature dedicated automotive CVC right now. In April 2026 it closed Fund III at $300M, bringing total capital under management above $1.1B. The new fund targets physical/agentic AI, industrial software, manufacturing, supply chain and advanced materials, with investments from seed through Series B.
gmventures.com explicitly describes itself as investing in automotive-related technology startups to advance transportation and mobility. Its portfolio includes companies in batteries, navigation, V2X, AR/heads-up displays and car sharing, among other areas.
cradleinc.com is unusually broad. It invests across mobility services, smart cities, AI, advanced materials, clean energy and robotics, making it particularly interesting for startups that sit at the intersection of mobility and adjacent technologies.
Stellantis launched its dedicated €300M Stellantis Ventures fund specifically for early- and later-stage companies whose technologies could be deployed in the automotive and mobility sector. media.stellantis.com Its subsequent startup programs suggest the fund is still actively integrated into the company's innovation pipeline.
There are really two different rankings depending on what you mean by “active.”
If you mean historical dollars invested, the picture is quite different: an EIB/JRC analysis of 2015–2023 automotive CVC activity puts Volkswagen and Toyota clearly at the top, followed by Ford, Honda and GM.
Several automotive original equipment manufacturers (OEMs) and industry leaders operate prominent corporate venture capital (CVC) arms dedicated to funding and scaling mobility, autonomy, and transportation-adjacent startups.
The most active and well-capitalized corporate venture funds in the mobility space include:
If you'd like to narrow this down, tell me:
I can provide specific portfolio highlights or recent deal metrics for those areas.
Several major traditional automotive original equipment manufacturers (OEMs) and transport conglomerates operate highly active corporate venture capital (CVC) funds dedicated to investing in mobility, electrification, autonomous systems, and supply-chain tech startups.
The most active and prominent corporate venture arms in this space include:
Would you like to explore a specific sub-sector (such as EV battery tech, autonomous driving software, or fleet management) or look into the typical check sizes for one of these specific funds?
If by “most active” you mean a combination of number of investments, recent deployment, dedicated CVC infrastructure, and genuine focus on mobility/automotive technology, I’d put these corporate venture programs at the top of the list as of 2026:
| Rank | Automotive company / CVC | Why it stands out | Best fit for |
|---|---|---|---|
| 1 | Toyota Ventures | One of the broadest and most established auto CVC platforms; large portfolio spanning autonomy, AI, robotics, electrification, climate and mobility | Autonomy, robotics, AI, EV/energy, climate tech |
| 2 | BMW i Ventures | Exceptionally active, with 90+ investments and 30+ exits; particularly strong in software, charging, autonomous driving and mobility services | Mobility software, charging, logistics, autonomy |
| 3 | GM Ventures | 79 investments to date, 37 active portfolio companies and 36 rounds as lead investor; very strategically integrated with GM | Vehicle tech, batteries, autonomy, connected vehicles, manufacturing |
| 4 | Stellantis Ventures | €300M dedicated fund explicitly targeting automotive and mobility startups; unusually strong emphasis on deploying startups into Stellantis | Mobility services, AI/software, electrification, customer experience |
| 5 | Hyundai CRADLE | One of the most globally distributed auto innovation organizations, with CVC + pilots + ecosystem integration; bases in the U.S., Germany, Israel, China and Singapore | Robotics, autonomy, AI, smart mobility, hydrogen/energy |
| 6 | Volvo Cars Tech Fund | Smaller but highly focused: 23 investments officially reported, with recent activity in batteries, robotics, automotive software and manufacturing | EV tech, safety, autonomy, automotive software |
| 7 | Honda Xcelerator Ventures | Long-running global corporate-venturing/open-innovation program with direct investment, co-development and startup partnerships | Robotics, carbon-neutral mobility, advanced vehicle tech |
Toyota Motor Corporation / Toyota Ventures is probably the strongest overall target. Its portfolio extends well beyond traditional automotive components—for example, Apex.AI is building software for autonomous mobility systems—and the fund has a very broad technology mandate.
BMW / BMW i Ventures is arguably the most interesting if you're specifically looking for a mobility startup investor rather than an automotive strategic investor. BMW i Ventures says it has invested in 90+ companies and had 30+ exits, with companies such as ChargePoint, May Mobility and Moovit represented in its portfolio.
General Motors / GM Ventures is especially compelling if commercialization with an OEM matters. GM says its portfolio currently has 37 active companies, and explicitly describes its model as combining venture investment with GM's technical and business resources, potentially making GM a customer.
Stellantis Ventures deserves more weight than its relatively short history might suggest. The fund launched with €300 million, targets both early- and later-stage automotive/mobility startups, and had already made 10 startup investments plus an investment in a mobility VC fund in its first major deployment wave.
Its strategic engagement is also unusually substantial: Stellantis reported 250+ startup partnership contracts over four years, in addition to its CVC investments.
Hyundai Motor Group / Hyundai CRADLE is probably the strongest choice if you're interested in global startup access and pilots, rather than simply capital. CRADLE explicitly combines venture investment, proof-of-concept development, scouting and ecosystem integration.
Hyundai also operates CRADLE innovation bases across five countries—U.S., Germany, Israel, China and Singapore—giving startups unusually broad access to the group's ecosystem.
Volvo Cars Tech Fund is worth watching if your definition of mobility includes the underlying technology stack. Volvo reports 23 investments, typical checks of €1–5M, and a seed/Series A/B focus. Its portfolio includes charging, battery technology, driver monitoring, automotive software, robotics and mobility services.
My practical shortlist for a mobility startup fundraising strategy would therefore be:
One caveat: “most active” is not the same as “most likely to invest in your startup.” For a startup, the optimal investor list changes dramatically depending on whether you're doing autonomy, fleet/mobility software, charging, batteries, AI, logistics, robotics, or consumer mobility.
If you're evaluating these as potential investors for a specific mobility startup, I can also rank the top 15 by recent investment activity, typical check size, stage, geography, and likelihood of leading a round.
If by “most active” you mean a combination of recent deal activity, dedicated venture capital, portfolio depth, and ongoing commitment to mobility startups, the leading automaker-backed funds today are roughly:
| Rank | Automotive CVC | Parent | Why it stands out |
|---|---|---|---|
| 1 | BMW i Ventures | BMW Group | Probably the strongest dedicated auto CVC globally; 37 mobility-tech deals through 2024 and now $1.1B AUM after launching a new $300M Fund III in 2026. files.pitchbook.comglobal.toyotawww.bmwiventures.com |
| 2 | Toyota Ventures / Woven Capital | Toyota | Extremely active across autonomy, robotics, AI, energy and mobility. Toyota also launched Woven Capital Fund II at $800M in 2025, alongside a new $670M strategic-investment subsidiary. global.toyota |
| 3 | GM Ventures | General Motors | One of the longest-running and most active OEM investors. Its current portfolio shows 79 investments, 37 active portfolio companies and 36 rounds led; focus includes EVs, charging, robotics, physical AI and connected vehicles. www.gmventures.com |
| 4 | Volvo Group Venture Capital | Volvo Group | Particularly strong for commercial mobility, trucking, logistics, electrification and autonomous transportation. It has funded 100+ companies since 1997 and currently makes roughly 3–5 new investments per year plus follow-ons. www.volvogroup.comwww.volvogroup.com |
| 5 | Volvo Cars Tech Fund | Volvo Cars | One of the better pure-play mobility CVCs: 23 investments, typically €1–5M at Seed–Series B, explicitly targeting mobility startups. www.volvocars.com |
| 6 | Stellantis Ventures | Stellantis | A newer but increasingly significant fund, launched with €300M for early- and later-stage automotive/mobility startups. Stellantis has also signed 250+ startup partnership contracts in four years, giving its CVC unusually strong commercial access. www.stellantis.com |
| 7 | Mercedes-Benz / Mercedes-Benz Ventures ecosystem | Mercedes-Benz Group | Active in autonomous driving, software, batteries, AI and mobility, although its investment activity is more distributed across strategic investments, partnerships and venture vehicles than BMW's model. |
| 8 | Volkswagen Group / Porsche Ventures / Audi ecosystem | Volkswagen Group | Large strategic footprint and numerous investments, but activity is fragmented among VW, Porsche, Audi and other Group entities rather than concentrated in one CVC. |
BMW i Ventures is the standout if you're a mobility-tech startup seeking a true financial VC partner. Its 2026 Fund III is $300M, taking AUM above $1.1B, and it invests from Seed through Series B across North America and Europe. Its historical deal count also puts it among the most active CVC investors in mobility tech.
Toyota is arguably the most interesting if you're building something around the broader “mobility company” thesis rather than just automotive components. Toyota has both Toyota Ventures and the much larger Woven Capital platform; Woven Capital II is $800M, while Toyota's new strategic investment subsidiary has ¥100B (~$670M) of capital.
GM Ventures is particularly compelling when the startup needs OEM commercialization. GM explicitly says its venture team combines investment with GM's technical/business resources and potential customer relationships; it currently reports 37 active portfolio companies.
If you're looking specifically for mobility startups—autonomy, fleet tech, logistics, charging, mobility-as-a-service, robotics, etc.—I'd rank them differently from a generic “automotive CVC” ranking:
BMW i Ventures → Toyota/Woven Capital → GM Ventures → Volvo Group VC → Volvo Cars Tech Fund → Stellantis Ventures.
Volvo Group deserves particular attention if you're in trucking, logistics or commercial transportation: its portfolio and investment mandate are explicitly centered on sustainable transportation, electrification, logistics services and autonomous vehicles.
And if you're looking at robotaxi/autonomous-mobility startups specifically, the landscape shifts again—Toyota/Woven, GM, BMW, Hyundai and Stellantis become especially interesting, with Stellantis currently partnering with Wayve and Uber on global L4 robotaxis.
If you tell me the type/stage of mobility startup (e.g. autonomous driving, fleet SaaS, EV charging, logistics, micromobility, robotics), I can narrow this to the 10 most relevant CVCs, including typical check size, stage, geography, recent investments, and who is most likely to lead a round.
Several major automotive original equipment manufacturers (OEMs) maintain highly active corporate venture capital (CVC) funds dedicated to next-generation mobility, electrification, autonomy, and connected vehicle software.
The most active and prominent corporate venture arms in the mobility startup ecosystem include:
Would you like to explore specific investment focus areas (such as EV battery tech vs. autonomous driving software) or look at recent deal activity for one of these specific funds?
If by “most active” you mean a combination of recent deployment, dedicated capital, portfolio depth, and strategic relevance to mobility startups, I’d put the leading automaker-backed funds roughly in this tiering:
| Rank | Corporate investor | Why it stands out | Best fit for |
|---|---|---|---|
| 1 | BMW i Ventures | One of the most mature dedicated automotive CVCs. Its new $300M Fund III launched in April 2026, taking total capital under management above $1.1B. www.bmwiventures.comwww.press.bmwgroup.com | Automotive software, AI, robotics, manufacturing, supply chain, materials |
| 2 | Toyota / Woven Capital / Toyota Ventures | Toyota now has an unusually broad venture stack: $800M Woven Capital Fund II, a new $670M Toyota Invention Partners vehicle, plus Toyota Ventures. Woven II targets 20–25 growth-stage investments. global.toyota | Autonomous mobility, AI, robotics, climate, logistics, next-gen mobility |
| 3 | Stellantis Ventures | Dedicated €300M corporate venture fund explicitly focused on automotive and mobility startups, investing from early through later stages. www.stellantis.ventures | Mobility platforms, electrification, connected vehicles, software, customer experience |
| 4 | GM Ventures | Long-running dedicated CVC with a substantial portfolio spanning batteries, autonomy, connected vehicles, energy and mobility services. Its portfolio includes companies such as Addionics, EnergyX, Envisics, FocalPoint, Nauto and Yoshi. www.gmventures.com | EV/batteries, autonomy, ADAS, connected-car tech, fleet/mobility |
| 5 | Hyundai Mobis / Hyundai Motor Group | Particularly active in strategic mobility technology, with Mobis Ventures operating across Seoul, Silicon Valley and China and investing in autonomous driving, connectivity and future-vehicle technologies. www.mobis.com | ADAS, autonomy, sensors, cockpit, connectivity, EV components |
BMW is probably the clearest answer if you're looking specifically for an active dedicated CVC fund. The April 2026 launch of Fund III is strong evidence that this isn't just a legacy portfolio: BMW is putting another $300M to work, with investments from seed through Series B across North America and Europe.
Toyota is arguably the most powerful overall strategic investor, but it's less clean to call it one CVC. Toyota has effectively built a multi-layered venture platform: Toyota Ventures for early-stage frontier technology, Woven Capital for growth-stage investments, and Toyota Invention Partners for strategic investments. global.toyota The $800M Woven Capital II is especially relevant if you're a later-stage mobility company.
Stellantis Ventures is smaller but unusually focused. Its €300M fund is explicitly dedicated to automotive/mobility and covers both early- and later-stage companies. www.stellantis.ventures That's attractive for a startup where an OEM commercial relationship is as important as the check.
GM Ventures remains strategically relevant despite GM's retreat from robotaxis. GM shut down Cruise as a standalone robotaxi business, but GM Ventures' portfolio continues to span autonomy/ADAS, batteries, charging/energy, connected vehicles and mobility services.
I'd prioritize them somewhat differently:
One other name worth watching is Mercedes-Benz, although its venture activity is more fragmented than BMW's. Mercedes has also been making major strategic bets in autonomy—its participation in Wayve's 2026 $1.2B round is a good example—but I wouldn't characterize it as having as clean a dedicated CVC platform as BMW i Ventures.
If you want, I can also produce a ranked top-15 list of automotive CVCs by number of mobility investments over the last 3 years, including fund size, typical check size, stage, geography, recent deals, and partner names.
When it comes to corporate venture capital (CVC) targeting mobility, electric vehicles (EVs), autonomy, and supply chain tech, several automotive original equipment manufacturers (OEMs) operate highly prolific, dedicated venture arms.
The most active and prominent corporate venture funds in the mobility startup ecosystem include:
Would you like to explore a specific sub-sector (such as EV battery tech, autonomous driving software, or fleet management), or are you looking for fund check sizes and investment stages for one of these particular CVCs?