Assembly Ventures' $76M Mobility Fund To Help World Move Toward Sustainability, 'Freedom'

Assembly Ventures successfully closed their $76 million Assembly Ventures Fund I. The fund’s proceeds — to be used mainly in Series seed, A, and B investments — is expected to boost the firm's strategic support of land, air, sea, and space technology entrepreneurs.

Context: Through its investments, Assembly hopes for a cleaner, more efficient and sustainable future. The team — under the helm of founders Chris Thomas, Jessica Robinson and Felix Scheuffelen — manages a total of $94 million.

The portfolio includes investments in Metropolis Technologies, NAVIT, Our Next Energy, and Sortera.

Impact: The closure of Assembly Ventures Fund I, in the face of an unsteady venture market, underscores the firm's resilience and validates its investment strategy.

“We are proud to have reached this significant investment milestone, which stands as a huge testament to our team’s credentials, investment thesis, and unwavering efforts over the past few years in a challenging market environment,” Thomas said, citing the West’s reduced reliance on China and the radical reshaping of economies.

“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," he added.

Bonus: Assembly’s investors include corporates such as Arbor Bancorp Inc., CRONIMET, MANN+HUMMEL, Renaissance Global Logistics, Stellantis Ventures, Vontier, WF Whelan, and a pension fund UA Local 467 Defined Benefit Plan. That’s in addition to a long list of individual investors such as billionaire businessman Dan Gilbert.

For more information, visit www.assemblyventures.com.