
Trucks Venture Capital
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
Frequently Asked Questions
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