Munich-based Rethink Ventures, a venture capital firm that specialises in investing in transportation sustainability, announced on Tuesday the launch of a €50M specialist fund.
The fund is backed by ZF Ventures (CVC arm of tier 1 automotive supplier ZF Friedrichshafen AG), Hellmann Worldwide Logistics, KION Group, Berylls, and HAVI.
Additionally, the European Investment Fund, experienced entrepreneurs, and several family offices, also backed the fund.
The Fund’s focus
The VC says the fund will concentrate on Seed to Series A investments across Europe, with a focus on: