Trucks Venture Capital, a fund that focuses on early-stage entrepreneurs in transportation, is launching two new funds that it says will help build the future of transportation.
Its new core fund, Trucks Venture Fund 2 (TVF2), was raised over the last year and recently closed on $52,525,252. The fund is backed by three auto OEMs and three auto suppliers that make everything from bicycles to Class 8 big rig trucks, as well as one communications company, according to Trucks VC. The VC’s new follow-on fund, Trucks Growth Fund, will provide later-stage capital to some of the most promising companies already in Trucks’ portfolio.
