Trucks Venture Fund 2
Today we are announcing the public debut of our new core fund, Trucks Venture Fund 2, which recently closed on $52,525,252.
Our investment thesis at Trucks is simple: we fund the entrepreneurs building the future of transportation. In order to be considered for investment, prospective early-stage companies must align with one or more of our core pillars: to make transportation safer, cleaner and more accessible.
We raised this fund over the last year and have already made a number of seed investments (Universal Hydrogen, Swyft and Token Transit among others). TVF2 is backed by seven large global partners, including three auto OEMs, three auto suppliers and one communications company, as well as family offices and fund-of-funds with a focus on transportation. In short, Trucks is the most powerful first check for founders who are building the future of transportation.
Trucks Growth Fund
In parallel to this announcement, we are launching our new follow-on fund, Trucks Growth, which will make later-stage investments into the best companies from the Trucks portfolio. The genesis of this growth fund came out of our vibrant FoT readership: each week we have readers from the FoT community asking how they can invest in Trucks portfolio companies. The answer is Trucks Growth, and accredited investors can join the growth fund here.
Read more about the Trucks Growth Fund.