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Volkswagen Group

Europe, Niedersachsen, Germany, Wolfsburg

Description

Volkswagen Group, a global automotive giant headquartered in Wolfsburg, Germany, actively engages in the venture capital landscape through its dedicated investment arm, Volkswagen Group Venture Capital (VWGC). Established to foster innovation and secure strategic advantages in the rapidly evolving mobility sector, VWGC plays a crucial role in the Group's transformation from a traditional automaker into a leading provider of sustainable and intelligent mobility solutions. Its investment strategy is deeply aligned with Volkswagen's long-term corporate goals, focusing on technologies and business models that will shape the future of transportation.

VWGC primarily targets startups developing cutting-edge solutions in areas critical to the automotive industry's future. These include autonomous driving, advanced connectivity, electric mobility (e-mobility), digital services, and smart manufacturing. The firm seeks to identify and support companies that can bring disruptive technologies or innovative business models to the market, complementing Volkswagen's internal research and development efforts. Beyond providing capital, VWGC offers portfolio companies access to Volkswagen's extensive industrial expertise, global network, and potential for strategic partnerships, enabling startups to scale their innovations within a large corporate ecosystem.

The typical investment strategy for Volkswagen Group Venture Capital involves participating in later seed, Series A, and Series B funding rounds, though they can extend to later growth stages for highly strategic opportunities. While specific figures can vary based on the strategic importance and maturity of the startup, VWGC's initial cheque sizes generally range from approximately $5 million for early-stage strategic investments to around $30 million for more mature or capital-intensive ventures. Their portfolio spans over 50 companies, reflecting a broad commitment to diverse technological advancements.

Notable investments by Volkswagen Group have included significant stakes in companies like QuantumScape, a leader in solid-state battery technology, and Aeva, a pioneer in LiDAR sensing for autonomous vehicles. These investments underscore VWGC's commitment to foundational technologies that will underpin the next generation of vehicles and mobility services. By strategically deploying capital and leveraging its vast resources, Volkswagen Group Venture Capital aims to accelerate the development and adoption of innovations that will define the future of mobility.

This proactive investment approach allows Volkswagen to stay at the forefront of technological change, integrate external innovations, and build a robust ecosystem of partners. VWGC's role is not merely financial but deeply strategic, ensuring that the Volkswagen Group remains competitive and adaptable in a dynamic industry landscape, ultimately contributing to the realization of its vision for sustainable and intelligent mobility.

Investor Profile

Volkswagen Group has backed more than 33 startups, with 2 new investments in the last 12 months alone. The firm has led 21 rounds, about 64% of its total and boasts 6 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Corporate Round, Series A, Post Ipo Equity rounds (top funding stages).
  • Majority of deals are located in United States, Sweden, China.
  • Strong thematic focus on Manufacturing, Energy, Automotive.
  • Led 2 rounds in the past year.
  • Typical check size: $5M – $30M.

Stage Focus

  • Corporate Round (30%)
  • Series A (12%)
  • Post Ipo Equity (12%)
  • Series Unknown (9%)
  • Series E (9%)
  • Convertible Note (6%)
  • Series B (6%)
  • Series C (3%)
  • Undisclosed (3%)
  • Grant (3%)

Country Focus

  • United States (24%)
  • Sweden (18%)
  • China (15%)
  • Germany (12%)
  • United Kingdom (9%)
  • Israel (6%)
  • Austria (6%)
  • The Netherlands (3%)
  • Luxembourg (3%)
  • Canada (3%)

Industry Focus

  • Manufacturing
  • Energy
  • Automotive
  • Transportation
  • Battery
  • Electric Vehicle
  • Clean Energy
  • Software
  • Cleantech
  • Mobile
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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 Volkswagen Group frequently co-invest with?

Baillie Gifford
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Co-Investments: 4
AMF
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 3
BI
Europe, England, United Kingdom, London
Co-Investments: 2
Goldman Sachs
North America, New York, United States, New York
Co-Investments: 3
Norrsken VC
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 2
SR
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 2
IMAS Foundation
Europe, Zuid-Holland, The Netherlands, Leiden
Co-Investments: 3
PCS Holding AG
Europe, Thurgau, Switzerland, Frauenfeld
Co-Investments: 3
ATP
Europe, Hovedstaden, Denmark, Hillerød
Co-Investments: 2
Baron Capital
North America, New York, United States, New York
Co-Investments: 2

Which angels does Volkswagen Group often collaborate with?

CS
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 2

What are some of recent deals done by Volkswagen Group?

Rivian

Plymouth, Michigan, United States

Rivian is an automotive technology company that develops products and services to advance the shift to sustainable mobility.

AutomotiveElectric VehicleManufacturingTransportation
Post Ipo EquityJun 30, 2025
Amount Raised: $1,000,000,000
Patriot Battery Metals

Vancouver, British Columbia, Canada

Patriot Battery Metals is a mineral exploration company that engages in the acquisition and development of mineral projects.

MineralMiningNatural ResourcesPrecious Metals
Post Ipo EquityDec 18, 2024
Amount Raised: $47,710,419
EIT InnoEnergy

Eindhoven, Noord-Brabant, The Netherlands

EIT InnoEnergy is an environmental services company that provides catalysing and accelerating energy transitions.

Clean EnergyEnergyEnergy EfficiencyEnergy Management
Series UnknownSep 5, 2023
Amount Raised: $150,145,158
Northvolt

Stockholm, Stockholms Lan, Sweden

Northvolt is a battery manufacturer for electric vehicles, industrial systems, and energy storage systems.

BatteryClean EnergyCleanTechEnergyManufacturing
Convertible NoteAug 22, 2023
Amount Raised: $1,200,000,000
Xpeng Motors

Guangzhou, Guangdong, China

Xiaopeng Motors is an electric vehicle and technology company that designs and manufactures intelligent mobility solutions.

AutomotiveAutonomous VehiclesElectric VehicleManufacturing
Post Ipo EquityJul 26, 2023
Amount Raised: $700,000,000
vialytics

Stuttgart, Baden-Wurttemberg, Germany

vialytics is a system solution for the road management of municipalities.

Big DataGovernmentGovTechSensorSoftware
Series AJan 20, 2023
Amount Raised: $10,000,000
[credi2]

Vienna, Wien, Austria

[credi2] builds and operates digital financing solutions for banks such as Volkswagen Bank, Deutsche Handelsbank and more.

BankingEnterprise ApplicationsFinanceFinancial ServicesFinTechMobileSoftware
Corporate RoundOct 12, 2022
Northvolt

Stockholm, Stockholms Lan, Sweden

Northvolt is a battery manufacturer for electric vehicles, industrial systems, and energy storage systems.

BatteryClean EnergyCleanTechEnergyManufacturing
Convertible NoteJul 5, 2022
Amount Raised: $1,025,676,793
Electrify America

Reston, Virginia, United States

Electrify America provides a network of convenient fast-charging stations to power electric vehicles.

AutomotiveCharging InfrastructureElectric VehicleEnergyEnergy Management
Corporate RoundJun 28, 2022
Amount Raised: $450,000,000
Northvolt

Stockholm, Stockholms Lan, Sweden

Northvolt is a battery manufacturer for electric vehicles, industrial systems, and energy storage systems.

BatteryClean EnergyCleanTechEnergyManufacturing
Series UnknownJun 9, 2021
Amount Raised: $2,750,000,000