Automotive tech startups land $647.5 million from VCs, equity investors in February

Swedish battery developer and manufacturer Northvolt contributed to Liminal’s latest funding round.

Via, a New York City “transit tech” software company that works with cities and businesses to optimize networks of buses, shuttles, wheelchair-accessible vehicles and autonomous vehicles, raised $110 million off a $3.5 billion valuation. Israeli venture capital fund 83North led the funding round. Other investors include Exor N.V., Pitango, Janus Henderson, CF Private Equity, Planven Entrepreneur Ventures, Riverpark Ventures and ION Crossover Partners.

ZEVX, a Gilbert, Ariz., EV powertrain and fleet vehicle company, completed a $20 million funding round led by Reynolds Capital, the investment arm of Reynolds and Reynolds Co., which specializes in automobile dealership software, services and forms. The deal includes the appointment of Reynolds and Reynolds executives David Shimek and Sidney Haider to ZEVX’s board of directors.

Hypercraft Inc., a Provo, Utah, startup specializing in electrification of racing vehicles and watercraft, raised $6.5 million in seed funding at a valuation of $51.5 million. The funding round was led by Provo-based early stage venture fund RevRoad Capital.

Spartan Radar, an automotive software startup that uses radar technology for driver-assist systems and self-driving vehicles, closed on $17 million in funding in February.

The Los Alamitos, Calif., company plans to use the funding to deliver its flagship Ago software-based program to market and hire employees for its new product team and commercial vehicle division in Detroit.

Austin, Texas, technology and life sciences venture capital firm 8VC led Spartan’s series B funding round.

Phantom AI, a startup founded by Tesla and Hyundai alums, secured $36.5 million for its series C funding round. The Mountain View, Calif., company is creating a software-based vehicle-agnostic and customizable platform for electric vehicles.