Welcome to The Paddock, your go-to place for the latest insights and trends revolutionizing the mobility sector globally. 🚗
— Curated by Rodolfo, Enrique, Cecy, and Bernardo: the Proeza Ventures team. 💪
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🪩 Proeza Ventures Spotlight
We are on Startupeable!
Recently, our Managing Partner Rodolfo Elias Dieck joined Enzo Cavalie on the Startupeable Podcast! They discussed:
- When is it convenient for a corporate to set up a CVC and when is it not?
- How to prepare and design a corporate venture fund
- And what is the right time to seek investment from a CVC
🎙️ Check the full episode on Startupeable!
A chat with Mack Meyer
How can AI impact the future of mobility and logistics?
Mack Meyer from Venture Capital MX had a chat about it with our GP Enrique Zambrano. They also dive deeper into Proeza Ventures’ investment thesis and Enrique’s transition from entrepreneur to VC partner.
🗣️ Check the full conversation on Mack Meyer’s website.
🏆 Our PortCos News
🚚 Cargado has cargo
FreightTech startup Cargado secured US$6.8M in a seed funding round led by Primary Venture Partners with participation from existing investors Ironspring Ventures, Zenda Capital, Wischoff Ventures and Proeza Ventures (that’s us!), along with new investor RyderVentures.
The capital will be used to expand its team and enhance the company’s product. Congrats team!
🛴 Ridepanda is riding
Ridepanda was recognized on the prestigious Fast Company 2024 World-Changing Ideas list! This is yet another proof that Ridepanda is on the right track, with a global mission focus on climate emissions. Congrats to co-founders Chinmay Malaviya and Charlie Depman!
🚀 Xos goes big!
Xos recently announced the inclusion of its 2024 Xos SV Battery Electric Stepvan on the Clean Truck and Bus Voucher Incentive Program (HVIP) catalog.
The HVIP incentive, starting at a base amount of $85,000, offers Xos a significant opportunity to provide their innovative 2024 Xos SV Battery-Electric Stepvan at a reduced upfront cost to customers. Let’s go, team! Learn here how your business can benefit from these incentives.
🗞️ A debate on nearshoring
Mexico’s presidential election is quickly approaching, and this past Sunday, May 5th, the country had its second presidential debate.
As expected, nearshoring was brought up, and the 3 candidates presented their ideas on how the country could capitalize on the increasing interest from diverse stakeholders.
Claudia Sheinbaum, Xóchitl Gálvez Ruiz, and Jorge Álvarez Máynez seemed to agree that the growing interest in investing in Mexico should be taken advantage of.
💡 But is Mexico so alluring to shippers to be mentioned in a presidential debate?
Well, yes it is. Let’s recall a bit.
Mexico’s attractiveness for nearshoring opportunities has grown significantly in recent years. While the country’s economic growth and industrial maturity undoubtedly attract investors, it’s the extensive network of existing suppliers that makes all the difference.
❇️ It is known that a robust industrial presence simplifies the process for companies looking to reshore or nearshore their operations.
❇️ Mexico already possesses the necessary knowledge, infrastructure, skilled workforce, and technology required for manufacturing.
❇️ Upon establishing a presence in Mexico, manufacturers encounter a well-established manufacturing base across various sectors. The automotive industry, in particular, has achieved remarkable success in Mexico.
In short, we are the best 😎.
We know you know this stuff, so what did Mexican presidential candidates have to say on the matter?
How do Mexico’s presidential candidates expect to leverage nearshoring?
Due to its importance, Supply Chain Dive summarized the candidates’ comments on nearshoring from the debate.
The discussion revolved around the potential impact of nearshoring on the country’s economic growth. At the same time, candidates mentioned the need for policies to keep concerns over wages and the environment in check.
Here we share some of each candidate’s more relevant thoughts:
- Claudia Sheinbaum mentioned plans to develop roads for enhanced connectivity, increase airports, and boost port development, particularly in the Pacific region for competitiveness with the US.
- Xóchitl Gálvez Ruiz, stressed the importance of legal certainty, clean and cheap energy, education, science, technology, infrastructure, public safety, and good public finances for Mexico’s growth and job creation.
- Jorge Álvarez Máynez shared that he sees an opportunity to modernize the border in Tijuana, Baja California, as crucial for nearshoring.
💡 The various political coalitions vying for power may influence supply chains over the next six years. The results will also decide the composition of federal, state, and local governments, with great influence on industrial policy.
As mobility ventures navigate the complexities of nearshoring, the upcoming presidential election presents a pivotal moment to assess the policy landscape.
Since Proeza Ventures is based in Mexico, this election is very meaningful to us, as the candidates represent three different points of view. By understanding each candidate’s stance on nearshoring and related issues, we can anticipate regulatory changes and strategically position for success in an evolving global market.
Vamos México! 🇲🇽
📆 Where to find us next?
MOVE London
Next June 19th and 20th we will be attending MOVE London, the world’s #1 tech mobility event, bringing together the people and companies redefining mobility.
This year’s edition hopes to connect with 5,000+ mobility professionals, 1,500+ CEOs, and 650+ speakers. Will you be around? Don’t be a stranger! Let’s connect and plan a more sustainable future together. Go to Move London to check the full info!
🌱 Opportunities in Mobility
▶️ There are countless ways to improve a more efficient and sustainable mobility landscape. Here we found some you might like:
👩🏻💻 Chief Revenue Officer – Electric Era
👩🏻💻 Sr Power Electronics Engineer – Electric Era
👩🏻💻 Head of Consumer Marketing – Bliq
👩🏻💻 Sensor Validation Engineer – Lunewave
👩🏻💻 Energy Data Scientist – Rhythmos
👩🏻💻 Financial Planning and Analysis Manager – XOS
👩🏻💻 Inventory Control Specialist – XOS
📣 Hot Deals
▶️ At Proeza VC we check 524 deals weekly. Here are the Top 10 deals that caught our attention recently.
🚀 goFlux, a Sao Paulo-based FreightTech provider raised $6 million in Series A funding led by Capria Ventures. (10.Apr.2024)
🚀 Turbi, a Brazilian car rental startup raised a $8.5M round led by Domo.vc. Reag Investimentos and Carbyne Investimentos also participated in the round. (19.Apr.2024)
🚀 RueData, a Colombia- and Mexico based platform for vehicle tire solutions raised a $2 million seed round led by Barn Invest. (03.Apr.2024)
🚀 Condoit, a Birmingham, AL-based provider of a platform for digitizing the electrical industry, raised $4.25 million in a Seed funding round led by The Westly Group, with participation from Fontinalis Partners, Navitas Capital, C2 Ventures, Studio Management, Overline and Southwire. (20.Apr.2024)
🚀 Potential Motors, a Canadian advanced driver assistance system startup raised $2 million CAD seed round led by Brightspark Ventures. (02.May.2024)
🚀 Outpost, an Austin-based parking network for semitrucks, raised $12.5 million in Series A funding led by GreenPoint Partners. (23.Apr.2024)
🚀 Camion, a London-based power and electric vehicle charging intelligence and analytics platform raised €2.7 million in pre-seed funding led by EQT Ventures. First Look Capital and RitMir Ventures also participated. (24.Apr.2024)
🚀 Kate, a French microcar producer has raised €10 million from Bpifrance to help fund a new factory for its K1 vehicle platform. (19.Mar.2024)
🚀 FleetPulse, a one-year-old Chicago-based fleet management startup that provides real-time data on trailer location, usage, and condition, raised a $6 million round. Four More Capital led the transaction. (08.May.2024)
That’s it for this month!
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