Led · Equity · Aug 2025

VinFast Auto Ltd. is Vietnam’s largest carmaker and concentrates on developing, manufacturing, and selling electric vehicles aimed at the global market. The company is advancing its international expansion strategy to compete directly with established EV brands worldwide. To support this push, VinFast operates through subsidiaries such as Singapore-based VinFast Auto Pte. and actively seeks external financing. Scaling production and distribution requires considerable working capital, prompting the firm to pursue debt facilities and other funding sources. The newly arranged $150 million loan underscores VinFast’s need for liquidity as it ramps up operations. These financing efforts are central to sustaining day-to-day expenses while the company works to capture share in the fast-growing EV sector.

Participated · Series A · Oct 2022

AM Batteries develops throughput dry-electrode manufacturing technology for lithium‑ion batteries that eliminates solvent recovery and electrode drying. Its dry-electrode approach can reduce a battery plant's energy consumption by more than 40%, save up to 40% in electrode-manufacturing capital expenditures, and lower the plant's carbon footprint by nearly 40%. The company's future-proof manufacturing technology can be leveraged for multiple types of battery-electrode fabrication. Led by CEO Lie Shi and based in Chelmsford, MA, AM Batteries intends to use new funding to accelerate commercialization of its dry battery electrode technology. The company raised $30M in a Series B round, bringing total funding to $60M. AM Batteries develops a solvent-free dry-electrode manufacturing platform for lithium-ion batteries that uses electrostatic spray deposition to coat cathode and anode materials onto metal foil without solvents or energy-intensive drying. The company says its technology eliminates solvent recovery and drying and can reduce a battery plant's energy consumption by 50% and save 40% of capital equipment in electrode manufacturing; the press release also claims the approach can enable an order-of-magnitude reduction in factory footprint and energy consumption when scaled. AMB highlights potential battery performance benefits from the dry process, including faster charging, higher energy density, and improved safety. Within one year of operation since its seed financing, AMB demonstrated a roll-to-roll coating pilot line with industry-matching electrode performance. The company plans to scale production capabilities, advance its roll-to-roll pilot to a production-grade line for customers, expand its team, and extend the dry-electrode platform to new chemistries and solid-state batteries. AMB was founded in 2016 and is headquartered in Acton, MA, focused on commercializing its solvent-free electrode manufacturing for EVs, grid storage, and consumer electronics.

Participated · Series C · Mar 2022

Autobrains (formerly Cartica AI) is a Tel Aviv, Israel-based AI mobility company that develops self-learning AI intended for advanced driver assistance systems and autonomous driving. The company leverages a signature-based, human-learning approach that maps raw, real-world data to compressed signatures to identify concepts and scenarios for optimal decision-making. Its technology is designed to learn like the human brain through neural networks and to process information in real time with no supervision. Autobrains says this enables cars to learn, collaborate and interact with the real world for improved decision-making. The company intends to use the funds to further refine its self-learning AI capabilities and expand into new domains such as trucks. It also plans to grow commercial reach and expand sites in Asia, Europe and the U.S.; the company is led by CEO Igal Rachelgauz and Chairman Karl-Thomas Neumann. Cartica AI is an autonomous AI mobility startup based in Tel Aviv, Israel that offers an automotive visual intelligence platform. Its platform is built on mature self-learning technology backed by more than 200 patents and uses signature-based representation structures with unsupervised learning methodologies to produce a comprehensive understanding of a vehicle's environment. The technology is intended to enhance applications including advanced driver assistance systems, L4/L5 autonomy, localization, and other mobility functions. Led by co‑founder and CEO Igal Raichelgauz, Cartica plans to launch its Autonomous AI platform and scale global operations. The company says it will use funding to increase vehicle safety and reduce casualties on global motorways. Cartica recently closed a Series B round whose amount was undisclosed.

Led · Series D · Jan 2022

StoreDot develops extreme fast-charging (XFC) battery cells and proprietary organic and inorganic compounds that enable full EV charging in about five minutes. The company is shipping cell samples for real-world testing by leading automotive manufacturers and is in advanced talks for integration of its XFC technology into future models. StoreDot is advancing a technology roadmap that includes silicon-dominant XFC cells targeted for mass production in 2024 and extreme energy density (XED) solid-state cells planned for future deployment. The company plans to use new capital to complete R&D and scale up mass production of silicon-dominant XFC cells and to continue progress on XED solid-state cells. Funding will also support ramping StoreDot’s California-based R&D center and commencing scale-up operations in key global locations ahead of full mass production. StoreDot is a Herzeliya, Israel-based nanotechnology company that develops lithium-ion, ultra-fast charging energy-storage technologies for mobile and industrial markets. Led by Co-Founder and CEO Dr. Doron Myersdorf, the company has developed "flash" battery technology intended to enable charging experiences comparable to refueling, targeting a five-minute EV charge. Using this lithium-ion platform, StoreDot is developing a new type of electric-car battery to support next-generation ultra-fast EV charging infrastructure. The company expected first sales of its flash batteries for mobile devices as early as 2019. StoreDot is advancing commercialization and ecosystem partnerships alongside strategic investors to accelerate its product rollout and EV plans. StoreDot is developing a new generation of quick-charging batteries that it says can charge phones and vehicles in five minutes or less by redesigning the anode, cathode, charge transfer and separator. The company combines novel organic and inorganic nanomaterials and holds roughly 50 patents around its technology. StoreDot has not yet commercialized products; it expects mobile batteries to come to market first and for Daimler trucks to be the first vehicle deployment around 2020. Regulatory approvals and new charging standards remain outstanding challenges the company is actively engaging on. StoreDot says the primary remaining risk is execution rather than R&D. The company is led by CEO and co-founder Doron Myersdorf and is based in Israel. StoreDot Ltd. is a Tel Aviv–based specialty materials innovator developing proprietary FlashBattery technology. The company says its FlashBattery can enable electric vehicles to fully charge in five minutes. StoreDot plans to perfect the battery and to develop a powerful charging station, a fast-charging standard, and an integrated FlashBattery management system. The new funding will support creation and commercialization of a dedicated Electric Vehicle business unit, including hiring and additional laboratory space, and aims to build an instantly-charging car prototype. StoreDot originally developed the FlashBattery technology for the smartphone domain and is extending it to the EV market. Financially, the company announced an $18 million financing for the EV unit, bringing total funding to date to $66 million. StoreDot develops bio-organic nano-crystal and quantum-dot technologies aimed at enabling ultra fast-charging smartphone batteries and other electronics. The company demonstrated a prototype that charged from flat to full in 30 seconds, though that prototype used a less-than-full-capacity, oversized cell. Commercialization requires adapting the chemistry and packaging to a full-capacity battery that fits inside a standard smartphone; StoreDot says a fully functioning in-phone prototype will be ready in the second half of 2016 and on the market in early 2017. The company also plans hires and development of additional products using its nano-crystal tech, including BioLED displays, superfast Flash memory and bio-lasers, and is exploring “nano-medicine” use cases such as drug delivery and bio-labeling. StoreDot was spun out of Alzheimer’s research at Tel Aviv University and has positioned its materials as cheaper, non-toxic alternatives for electronics. It closed a $42 million Series B to fund commercialization and continued product development.

Led · Series B · Dec 2021

Karamba Security builds security products and services that protect IoT devices and connected vehicles throughout the device lifecycle without disrupting R&D or supply-chain processes. The company recently launched a cloud-based incident analysis service to complement its offerings. Karamba says it has 80 successful engagements with Fortune 500 companies and one engagement that secured a fleet of 800,000 units across more than 100 countries. Management emphasizes strong regulatory demand driving adoption among IoT manufacturers and automotive OEMs. Financially, this fundraising news brings the company’s total funding to $27 million. The company continues to target automotive and IoT OEMs seeking seamless, lifecycle security. Karamba Security provides industry-leading automotive cybersecurity software, including products such as Carwall and SafeCAN, that protect endpoints and the internal messaging bus. Its solutions prevent cyberattacks with zero false positives and secure communications, including OTA updates, while adding negligible performance overhead. The company’s software is integrated across chip architectures (ARM, Intel, PowerPC, Infineon) and OS/scheduler platforms (QNX, Linux, various RTOS and AUTOSAR). In the two years following its launch, Karamba has engaged with 17 automotive OEMs and tier‑1 suppliers. Karamba plans to use new funding for inorganic growth, including acquiring companies and technology assets to accelerate its Autonomous Security portfolio and meet growing demand from automotive and IoT customers. Financially, its operations were funded by a $17M raise last year and it recently added a $10M venture debt facility, bringing total investment to $27M. Karamba Security builds embedded security software installed in a vehicle’s electronic control units (ECUs) that locks down factory settings and prevents execution of programs that deviate from those settings. The company’s approach is built-in rather than relying on PC-style intrusion detection, aiming to stop malevolent hacks on embedded automotive systems. Karamba has worked with 16 new customers in the past 15 months in the cost-sensitive automotive manufacturing industry. Co-founder and chairman David Barzilai says the product is installed inside ECUs that control brakes, navigation and entertainment. The company will use new funding primarily for hiring, continued R&D, performance testing and to open offices in Michigan near major U.S. automakers. To date Karamba has raised $17 million across three rounds within about one year. Karamba Security develops the Carwall Autonomous Security suite, software that automatically locks down vehicle ECUs to factory-known instructions so they can block unauthorized operations locally. The product extension includes in-memory protection that blocks memory-based attacks such as buffer overruns and return-oriented programming (ROP). Karamba emphasizes deterministic, on-ECU decisions that require no connectivity, no anti-malware updates, and impose a negligible CPU/performance footprint. The company claims its approach yields zero false positives, avoiding the safety risks associated with network-based detection. Five months after emerging from stealth, Karamba completed proof-of-concept work with several Tier-1 suppliers and reports strong demand from OEMs and Tier-1 providers; FEV North America is cited as integrating Carwall into its reference platform. The company is actively promoting its Autonomous Security framework at multiple industry events this fall. Karamba Security builds cybersecurity software that is installed on vehicle controllers (ECUs) to lock factory settings and prevent foreign code or banned behaviors from running, thereby blocking access to a car's CAN Bus. The software can be deployed as a retrofit or preinstalled on controllers for new vehicles. Karamba aims to protect both infotainment and critical vehicle systems such as braking and fuel injection. The company emerged from stealth and operates from Tel Aviv with a business development office in Detroit. Co-founders include Ami Dotan, Tal Ben-David, David Barzilai and Assaf Hare. Karamba closed a $2.5 million seed round in March and plans to use the funds for hiring, research and development, and to lock in early customers, with the expectation of signing full-year contracts with major automotive suppliers next year.