Mobility Investors in North America

Founded in 2015 by Mingpo Cai and Denis Barrier, Cathay Innovation is a global venture capital firm affiliated with Cathay Capital. The firm focuses on multi-stage investments in innovative startups across sectors such as artificial intelligence, fintech, digital health, consumer technology, and energy. With offices spanning North America, Europe, Asia, and Latin America, it leverages a global network to support founders in scaling their ventures internationally. In 2025, Cathay Innovation launched its largest fund to date—Fund III, a $1 billion investment vehicle focused on AI startups. The fund targets application-layer innovations in digital health, consumer apps, fintech, and energy/mobility. Strategic LPs include leading corporates such as Sanofi, TotalEnergies, and BNP Paribas Cardif, reinforcing the firm’s strong links between venture investment and corporate innovation. The firm invests from Series A to late-stage rounds with check sizes ranging from $5 million to $80 million. Already backing 14 companies through Fund III, including Nabla and Mogic AI, Cathay Innovation unites startups, investors, and corporates to deliver strategic growth. Its hybrid global-local model ensures unique market access and operational support to portfolio companies worldwide.

Dynamo Ventures is a Chattanooga-based venture capital firm specializing in pre-seed and seed investments in startups transforming the industrial economy. Founded in 2016 by industry veterans Ted Alling, Barry Large, Santosh Sankar, and Jon Bradford, the firm leverages deep operational expertise to support founders innovating in supply chain, logistics, and mobility sectors. With a global investment approach, Dynamo Ventures focuses on enterprise business models that address critical challenges in manufacturing, transportation, and freight systems. The firm typically leads funding rounds, investing between $500,000 and $2.5 million, and actively participates in portfolio companies' growth through strategic guidance and domain-specific support. Committed to fostering innovation in the industrial sector, Dynamo Ventures maintains a portfolio of startups driving advancements in areas such as autonomous vehicles, drone delivery, and AI-powered logistics solutions. The firm's hands-on approach and industry focus position it as a key partner for entrepreneurs aiming to redefine how goods are made, moved, and monetized globally.

ECP Growth, previously operating as Emil Capital Partners, is a private equity firm that adopts a thematic approach to investing. The firm targets companies within resilient categories, emphasizing those with attractive growth fundamentals. By focusing on sectors that demonstrate consistent demand and scalability, ECP Growth seeks to build a diversified portfolio that can withstand market fluctuations. The firm's investment strategy involves identifying and partnering with businesses that have a clear path to growth, strong leadership, and a competitive edge in their respective markets. ECP Growth provides not only capital but also strategic support to help these companies achieve their full potential. This hands-on approach ensures alignment of interests and fosters long-term partnerships. With a team of experienced professionals, ECP Growth leverages its industry knowledge and network to source and manage investments effectively. The firm's rebranding from Emil Capital Partners to ECP Growth reflects its renewed commitment to identifying and nurturing growth-oriented businesses in today's dynamic economic landscape.

Founded in 2016, Energize Capital is a Chicago-based venture capital firm specializing in climate software investments. The firm focuses on asset-light, digitally enabled companies that drive the transition to a decarbonized and digitized energy economy. With a team of experienced investors and operators, Energize Capital partners with entrepreneurs to scale sustainable innovations that address critical challenges in energy, mobility, and infrastructure. Energize Capital's investment strategy encompasses both venture capital and growth equity, supporting companies from early commercialization stages through to public markets. The firm has invested in over 26 climate software companies, including notable startups like Tyba, Nira, and Archive. By providing not only financial capital but also operational and strategic support, Energize Capital aims to accelerate the growth and impact of its portfolio companies. As of 2025, Energize Capital manages assets exceeding $1.8 billion, underscoring its commitment to scaling sustainable innovation. The firm's global investor base includes institutional, strategic, impact, and family office investors from North America and Europe. Through its dedicated platform, Energize EDGE, the firm offers comprehensive portfolio services to help companies navigate the complexities of the energy transition.

G Squared is a global venture capital firm specializing in growth-stage technology investments. Founded in 2011 and headquartered in Chicago, with offices in San Francisco, Zurich, and Miami, the firm focuses on providing both primary and secondary capital to dynamic private companies. G Squared's investment strategy addresses the evolving needs of venture-backed companies that remain private longer, offering liquidity solutions to early investors and employees while supporting ongoing growth. The firm's portfolio includes high-profile companies such as Airbnb, Spotify, Snapchat, and Twitter, reflecting its commitment to backing transformative businesses across various sectors. G Squared employs a unique combination of quantitative analysis and deep sector expertise to identify and invest in companies that leverage technology to improve lives and disrupt industries. Their approach encompasses investments in both primary funding rounds and the secondary market, acquiring existing shares from stakeholders seeking liquidity. With a concentrated portfolio and a track record of delivering strong returns, G Squared has established itself as a leading venture capital firm in the technology sector. The firm's strategic investments and hands-on support aim to drive value creation and long-term success for its portfolio companies. G Squared's commitment to innovation and adaptability positions it as a trusted partner for companies navigating the complexities of growth and market expansion.

Munich Re Ventures (MRV) is the corporate venture unit of global reinsurer Munich Re. Since 2014 it has deployed more than $1 billion across early- and growth-stage companies tackling the future of risk—spanning insurtech, climate resilience, industrial IoT, cybersecurity, digital health and new mobility. Headquartered in San Francisco with satellite offices in NYC and Munich, MRV combines financial capital with Munich Re’s underwriting data, client network and 140-year industry know-how. Portfolio highlights include Hippo, At-Bay, Farmer’s Business Network, Snapsheet and Relay. The 30-strong team of investors and operators accelerates product validation, co-development and global scaling for its portfolio, delivering strategic value to both founders and the Munich Re Group.

Mutares SE & Co. KGaA, founded in 2008 and headquartered in Munich, Germany, is a publicly traded industrial holding and private equity investor specializing in carve‑outs and turnaround situations. The firm targets medium‑sized companies with revenues typically between €50 million and €750 million, aiming to leverage operational transformation to drive long‑term growth. Organized into four segments—Automotive & Mobility, Engineering & Technology, Goods & Services, and Retail & Food—Mutares actively develops and restructures its portfolio through hands‑on management and dedicated in‑house teams. As of December 31, 2024, it holds 32 operating investments globally, employing over 29,000 people and generating consolidated revenue of approximately €4.72 billion. Governed under a dual‑board structure in Munich, Mutares emphasizes strong corporate governance, ESG principles, and sustainable shareholder value—paying annual dividends and maintaining transparent reporting through quarterly updates and non‑financial disclosures.

Palella Holdings LLC is a private investment firm founded in 2024 by Italian-American entrepreneur Salvatore Palella. Headquartered in New York City, the firm serves as the family office for Palella, consolidating his diverse business ventures under one umbrella. Palella Holdings focuses on strategic investments in sectors such as mobility, e-commerce, and media, aiming to drive innovation and sustainable growth. The firm's investment portfolio includes significant acquisitions like Everli, Italy's leading online grocery delivery platform, and Wash Out Srl, a Milan-based on-demand vehicle care service. Additionally, Palella Holdings regained majority control of Micromobility.com Inc. (formerly Helbiz Inc.), a company originally founded by Salvatore Palella, marking a renewed phase of disciplined growth focused on profitability and operational excellence. Palella Holdings is committed to investing in companies that combine technology, efficiency, and scalable models to deliver real-world solutions. With a pragmatic approach and bold leadership, the firm continues to shape the future of urban life and digital consumer experiences, emphasizing strategic, results-oriented investments that solve real problems and serve large markets.

TDK Ventures is the corporate venture capital arm of TDK Corporation, established in 2019 and headquartered in San Jose, California. The firm invests globally in early-stage startups that align with TDK’s mission to advance digital and energy transformation. With a focus on deeptech sectors, TDK Ventures targets companies operating in materials science, energy, cleantech, mobility, industrials, connectivity, computing, and health tech. The firm provides not only capital but also access to TDK’s extensive R&D, manufacturing capabilities, and global ecosystem to help startups scale efficiently. As of April 2025, TDK Ventures has launched its third fund, a $150 million commitment, bringing its total assets under management to $500 million. The firm continues to seek investments in seed to Series B stage companies that are poised to create significant impact in their respective industries.