Led · Series C · Apr 2026

Glydways builds autonomous electric Glydcars that operate on a two-metre-wide dedicated guideway called the Flow Network, designed to move up to 10,000 people per hour through lanes narrower than a parking space. The company says its system can be built at up to 90% lower cost than traditional rail while matching capacity, and emphasizes closed infrastructure to avoid safety issues tied to open-road autonomous vehicles. Founded in 2016 by Mark Seeger, Glydways is working on more than 20 projects globally and has begun construction on a public system in South Metro Atlanta. It has agreements for pilots in the UAE and plans additional pilots in the New York City area, with wider expansion planned for 2027. Glydways employs about 270 people and plans to double headcount over the next two years as it scales deployments.

Participated · Series B · Jan 2026

Founded in 2015, Applied EV (AEV) builds the Blanc Robot, a cab-less, flat-chassis autonomous electric vehicle platform that can be configured for multiple industrial and logistics use cases, including last-mile delivery and operations in hazardous or remote mining sites. The Generation 6 Blanc Robot, introduced a year ago, integrates proprietary electronics and software developed and installed in Australia while sourcing its chassis from Suzuki Motor Corporation. AEV’s mission is to commercialise and scale this platform globally, leveraging Australia’s engineering talent and on-shore manufacturing capabilities. The company currently employs 113 people after a 40 % workforce reduction over the past year but expects to add 25 skilled roles with new funding. To date, AEV has raised a total of roughly US$80 million, including a prior US$40.5 million round in 2022 backed by Suzuki. The latest capital infusion strengthens its balance sheet and supports large-scale production, deployment and commercial contracts for the Blanc Robot.

Participated · Series D · Jul 2025

SkyDrive develops electric vertical takeoff and landing (eVTOL) aircraft and is targeting a commercial service launch in 2028. The company is working to obtain type certification for its aircraft and to build mass-production capabilities ahead of that launch. SkyDrive says recent funding from Resona Asset Management will strengthen its business foundation and accelerate aircraft development. The firm positioned the investment as a crossover placement by a public-equity-focused institutional investor, signaling confidence in its growth trajectory. SkyDrive cites Japan’s July 2026 “Japan Growth Strategy” and increased public-private focus on aviation and space as supportive context for its plans. The company intends to use the capital to drive sustainable enterprise value toward its 2028 commercialization goal.

Participated · Series A · Dec 2017

iSpace builds and operates robotic lunar landers aimed at transporting scientific and commercial payloads to the Moon. Although it has flown two missions, the company has yet to achieve a successful soft landing. Management is now focused on Mission 3 (target launch 2027) and Mission 4 (target launch 2028), which incorporate hardware upgrades intended to improve landing reliability. The firm recently secured new contracts, including a ¥6.4 B deal with JAXA for a lunar water-sensing satellite, a $22 M payload agreement with Magna Petra for Mission 3, and an $8 M delivery contract with the Taiwan Space Agency for Mission 4. Financially, iSpace reported first-quarter FY2025 net losses of ¥2.88 B ($19.2 M), nearly double the prior-year period, and ended the quarter with ¥26.4 B ($175.6 M) in cash—of which ¥15 B ($99.8 M) came from short-term loans. To fund upcoming missions and offset widening losses, the company is turning to the equity markets for additional capital. Proceeds are earmarked for ¥4.8 B to Mission 3 development, ¥9.5 B to Mission 4 work, and ¥4 B for general working capital.