Impact Tech | July 21, 2022

Vektor Partners raises €50 million to invest in the future of mobility

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, July 21 — More than $100 billion in investment has flowed to “mobility” in just the last two years. London-based Vektor is looking to build a portfolio of startups using artificial intelligence, software and data technologies to advance automation, electrification, safety and sustainability.

Vektor’s Isabel Falkenberg said the early-stage venture firm has reached a first close of $60 million. The fund is looking to raise €125 million ($150 million) to write checks ranging from $1 million to $5 million in Europe, Israel and the U.S.

In a recent deal, it backed Germany’s Compredict, whose virtual sensors help fleet operators and automakers manage vehicle health. 

Structural shifts

The fund will invest in startups “with real use cases and significant economic and environmental value,” said Vektor’s Sebastian Bihari. “We are looking at tectonic shifts in the mobility landscape, where we will see new markets being created, and expect about half of the industry to be disrupted.”