|Title Next Century Ventures, venture capital arm of NEXEN TIRE, announces strategic investment in Automotus, a U.S.-based curbside management startup.||Date2023-03-09|
- From urban air mobility (UAM) to autonomous driving, NCV makes its third investment in curbside management technology to reduce curbside congestion and carbon emissions
Next Century Ventures (NCV), NEXEN TIRE's corporate venture capital arm, announced its investment in Automotus, a leader in curbside management technology, to meet NCV's goals to revolutionize the mobility industry.
Automotus, founded in U.S. in 2017, collaborates with government, institutions, and mobility innovators across the country to test and evaluate curbside management techniques in order to minimize curbside congestion emissions and expedite developments in zero-emission vehicles. Furthermore, it is increasing its automated management with a camera-based, completely automated AI platform that collects and analyzes data at the curb such as traffic flow, parking, and loading activity.
Together with NEXEN TIRE, other investors include Techstars, a top early stage investor and incubator, the Los Angeles Cleantech Incubator (LACI), and QUAKE Capital Partners.
"We are incredibly happy to have Next Century Ventures participate in this investment round. They have a deep knowledge of our industry, domestically and internationally.” said Jordan Justus, CEO of Automotus. "We look forward to collaborating with them more closely as we continue to expand beyond North America."
"We are thrilled to invest in Automotus, a leader in curbside management with a proven track record of increasing mobility across all modes of transportation and achieving outcomes to cut carbon emissions," said Bon Hyong Goo, CEO of Next Century Ventures. "NCV believes in Automotus' vision and looks forward to working actively with the firm to support its strategic goals."