Assembly Ventures – the first early-stage transatlantic venture capital platform investing in technologies across the mobility sector – recently announced the successful closing of their inaugural $76 million Assembly Ventures Fund I (Assembly I). Focused on series seed, A, and B investments, Assembly strategically supports outstanding entrepreneurs driving transformative innovations across land, air, sea, and space.
This successful fundraising reflects Assembly’s strong credentials as a world-class team, guided by a focused investment philosophy and founded by experienced mobility investors and operators Chris Thomas, Jessica Robinson, and Felix Scheuffelen.
The firm recognizes substantial investment potential in the U.S. and Europe, especially in 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’ approaches to rebalance their technological dependencies. As a result, public sector industrial policy is strengthened to support critical investment.
So far, the firm has announced several investments following their Mobility 4.0 thesis, including Metropolis Technologies, NAVIT, Our Next Energy (ONE), and Sortera.
With $94 million in assets under management (AUM), Assembly has benefited from its unique position with access to deal flow and thought leaders in the industrial and innovation capitals of the Western world, including Detroit, Silicon Valley, and Berlin. And with the successful closing of the fund, Assembly Ventures is opening an office in the German capital to advise on European investments.
Assembly’s investors include strategic corporates such as Arbor Bancorp Inc., CRONIMET, MANN+HUMMEL, Renaissance Global Logistics, Stellantis Ventures, Vontier, and WF Whelan, and a long list of individual investors in the U.S. and Europe such as Wolfgang Bernhart, Matt Cullen, Calvin Ford, Dan Gilbert (DVP), Philipp von Hagen, Joe Hinrichs, Karl Iagnemma, Jody Kelman, Tim Lalonde, Kathleen Ligocki, John Moavenzadeh, Stephen Polk, Tony Posawatz and Dug Song. And additional leading strategic entities, a pension fund, and individuals with deep expertise in automotive, mobility, energy and infrastructure are also part of Assembly’s investor base.
KEY QUOTES:
“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.”
— Chris Thomas, co-founder and partner at Assembly Ventures
“Selecting investors with a shared vision and values is one of the most important and foundational decisions a new company can make. As an early-stage investor, Assembly Ventures has used their team’s business relationships, sector knowledge, and operations expertise to help ONE grow efficiently and scale its manufacturing ecosystem here in Michigan.”
— Mujeeb Ijaz, CEO & Founder of ONE
