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Trucks Venture Capital

North America, California, United States, San Francisco

Description

Trucks Venture Capital, based in San Francisco, California, is a specialized venture capital firm dedicated to investing in the future of transportation. Founded by Reilly Brennan, the firm has carved out a unique niche by focusing exclusively on startups innovating across various facets of mobility, including autonomous vehicles, electrification, logistics, urban mobility solutions, and supply chain technologies. Their deep domain expertise and focused investment thesis position them as a key player in the evolving transportation landscape, providing not just capital but also strategic guidance and industry connections to their portfolio companies.

The firm primarily targets seed-stage companies, often serving as the first institutional investor or co-leading early funding rounds. Trucks VC seeks out founders who are building foundational technologies and disruptive business models that promise to reshape how people and goods move. Their investment strategy is characterized by a hands-on approach, leveraging their extensive network of industry veterans, engineers, and policymakers to accelerate the growth of their portfolio companies. This specialized focus allows them to identify promising ventures early and provide tailored support that generalist funds might not offer.

Trucks VC has demonstrated significant growth in its capital base, reflecting its successful track record and the increasing investor confidence in the transportation sector. The firm successfully raised its third fund, closing at $100 million in 2022, a substantial increase from its initial $25 million fund launched in 2016. This capital enables them to continue backing ambitious founders at the forefront of transportation innovation. Their portfolio includes notable companies such as Nuro, a leader in autonomous delivery, and May Mobility, focused on autonomous shuttle services, among many others that are pushing the boundaries of mobility technology.

With a clear vision for a more efficient, sustainable, and safer transportation future, Trucks VC remains committed to identifying and nurturing the next generation of industry leaders. Their strategic investments are not merely financial; they represent a commitment to fostering technological advancements that address critical challenges in urban planning, environmental sustainability, and economic efficiency. By concentrating their efforts on a single, complex industry, Trucks VC has established itself as a go-to partner for entrepreneurs navigating the intricate landscape of modern transportation.

Investor Profile

Trucks Venture Capital has backed more than 72 startups, with 3 new investments in the last 12 months alone. The firm has led 20 rounds, about 28% of its total and boasts 7 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Israel.
  • Strong thematic focus on Automotive, Transportation, Autonomous Vehicles.
  • Led 1 rounds in the past year.
  • Typical check size: $500K – $3M.

Stage Focus

  • Seed (50%)
  • Series A (25%)
  • Series B (11%)
  • Pre Seed (11%)
  • Series D (1%)
  • Series Unknown (1%)

Country Focus

  • United States (79%)
  • Canada (6%)
  • Israel (4%)
  • India (4%)
  • United Kingdom (3%)
  • Kenya (3%)
  • Sweden (1%)

Industry Focus

  • Automotive
  • Transportation
  • Autonomous Vehicles
  • Software
  • Robotics
  • Artificial Intelligence (Ai)
  • Logistics
  • Electric Vehicle
  • Information Technology
  • Manufacturing
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Trucks Venture Capital frequently co-invest with?

Fontinalis Partners
North America, Michigan, United States, Detroit
Co-Investments: 4
eLab Ventures
North America, Michigan, United States, Ann Arbor
Co-Investments: 4
Techstars
North America, Colorado, United States, Boulder
Co-Investments: 3
Dynamo
North America, Tennessee, United States, Chattanooga
Co-Investments: 7
Toyota Ventures
North America, California, United States, Los Altos
Co-Investments: 5
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 5
Plug and Play
North America, California, United States, Sunnyvale
Co-Investments: 3
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 3
Expansion Venture Capital
North America, New York, United States, New York
Co-Investments: 4
Maniv Mobility
Asia, Tel Aviv, Israel, Tel Aviv
Co-Investments: 7

Which angels does Trucks Venture Capital often collaborate with?

WG
North America, California, United States, San Francisco
Shared Deals: 1
JW
North America, California, United States, San Francisco
Shared Deals: 1
GP
North America, California, United States, San Francisco
Shared Deals: 1
QY
North America, California, United States, San Francisco
Shared Deals: 2
CL
North America, Massachusetts, United States, Cambridge
Shared Deals: 1
JG
North America, California, United States, San Francisco
Shared Deals: 1
BF
North America, California, United States, San Francisco
Shared Deals: 1
JW
North America, Washington, United States, Seattle
Shared Deals: 1
AG
North America, California, United States, Stanford
Shared Deals: 1
SA
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Trucks Venture Capital?

Teleo

Palo Alto, California, United States

Teleo provides construction equipment by converting existing fleet into remote-controlled robots.

ConstructionFleet ManagementRobotics
Series ANov 21, 2024
Amount Raised: $7,000,000
Carvis.AI

San Francisco, California, United States

AI Technician for Auto Repair Shops

Artificial Intelligence (AI)Automotive
Pre SeedNov 4, 2024
Amount Raised: $1,200,000
BasiGo

Nairobi, Nairobi Area, Kenya

BasiGo is an e-mobility company that offers a Pay-As-You-Drive model that allows local bus owners to access and operate electric buses.

AutomotiveElectric VehiclePublic TransportationTransportation
Series AOct 23, 2024
Amount Raised: $24,000,000
Bedrock Materials

Palo Alto, California, United States

Bedrock Materials is a startup company developing materials and manufacturing procedures for low-cost sodium-ion batteries.

ChemicalManufacturing
SeedMay 16, 2024
Amount Raised: $9,000,000
Verne

San Francisco, California, United States

Verne is a hydrogen optimized for heavy transport to maintain existing operations.

LogisticsSupply Chain ManagementTransportation
SeedApr 18, 2024
ionobell

San Jose, California, United States

Ionobell is a battery R&D company with expertise in battery material development and cell development.

Energy StorageManufacturing
SeedMar 26, 2024
Amount Raised: $3,900,000
River

Bengaluru, Karnataka, India

River is an electric vehicle startup building multi-utility scooters.

AutomotiveElectric VehicleManufacturing
Series BFeb 6, 2024
Amount Raised: $40,000,000
May Mobility

Ann Arbor, Michigan, United States

May Mobility is a manufacturing firm that designs and develops autonomous technology vehicles for self-driving transportation solutions.

AutomotiveAutonomous VehiclesPublic TransportationSoftwareTravel
Series DNov 7, 2023
Amount Raised: $105,000,000
Faction

South San Francisco, California, United States

Faction is a software company that develops driverless solutions based on light electric vehicles.

AutomotiveAutonomous VehiclesLogisticsRide SharingRoboticsSoftwareTransportation
SeedOct 26, 2023
Amount Raised: $6,000,000
Treehouse

Detroit, Michigan, United States

Treehouse is a software-enabled service for home electrification.

Clean EnergyHome ImprovementInternetReal EstateSoftware
Series AAug 9, 2023
Amount Raised: $10,000,000