HomeFundingAssembly Ventures closes inaugural €70 million mobility fund, opens an office in...

Assembly Ventures closes inaugural €70 million mobility fund, opens an office in Berlin to overview European investments

Detroit-based Assembly Ventures, an early-stage transatlantic venture capital platform investing in cutting-edge technologies across the mobility sector, announced the successful closing of their inaugural €70 million Assembly Ventures Fund I. Focused on series seed, A and B investments, Assembly is committed to strategically supporting outstanding entrepreneurs driving transformative innovations across land, air, sea and space.

The successful fundraise reflects Assembly’s strong credentials as a world-class team, guided by a focused investment philosophy. Founded in 2020 by experienced mobility investors and operators Chris Thomas, Jessica Robinson, and Felix Scheuffelen, Assembly brings decades of best-in-class investing and operating experience in the intersection of technology, automotive, manufacturing, and mobility as well as deep-rooted business relationships across each of these sub-sectors. 

Assembly recognizes substantial investment potential in the U.S. and Europe, especially in areas such as battery technology, clean energy solutions, climate tech, supply chain optimization, and automotive production. This is driven by a shift in many Western governments’ and industries’ approach to rebalance their technological dependencies, and as a result, the strengthening of public sector industrial policy to support critical investment.

Chris Thomas, co-founder and partner at Assembly Ventures, said: “We are proud to have  reached this significant investment milestone, which stands as a huge testament to our  team’s credentials, investment thesis, and unwavering efforts over the past few years in a challenging market environment.” 

With €86 million in assets under management, Assembly has benefited from its unique position with access to dealflow and thought-leaders in the industrial and innovation capitals of the Western world, including Detroit, Silicon Valley, Berlin. With the successful closing of the fund, Assembly Ventures is in the process of opening an office in the German capital to advise on European investments.

Thomas added: “We believe that the world is on the cusp of a new geopolitical era where the West will increasingly choose to de-risk its heavy reliance on China. In the coming decades, we anticipate a radical reshaping of economies especially in automotive and mobility technology across air, land, sea and space, along with their respective supply chains. We look at the world through this lens to anticipate and identify which technologies are critical, unique, and capable of generating exceptional value for our investors. By strategically investing in these technologies, and helping our portfolio companies to scale, we aim to play a pivotal role in moving the world towards efficiency, sustainability, growth, and freedom.”

As an industry thought leader with deep roots and a valuable network in the mobility sector, Assembly has recently been selected by the Association of the German Automotive Industry (VDA) to bring a day of programming at IAA Mobility, the world’s largest automotive and mobility show on September 6, 2023 in Munich, Germany. The Assembly Summit will bring together global business leaders, investors and visionary entrepreneurs to discuss the current state of the industry and topics shaping the automotive and mobility sector. This builds on the prior success of the 2022 Assembly Summit which took place in Detroit, Michigan during the Detroit Auto Show.

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Stefano De Marzo
Stefano De Marzo
Stefano De Marzo is the Head of News at EU-Startups. He has been extensively covering startups, venture capital and innovation ecosystems, including contributions to numerous publications such as Sifted, Entrepreneur and Forbes. Through his work as an editor and writer, he continues to shape the narrative surrounding the best stories of the tech world.

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