Despite the on-going health crisis and uncertainty around the world, here at B4Motion, we have been working hard to push ahead with our plans, one step at a time. And so, we have several new developments to share with you:

We have incorporated two new companies into our investment portfolio. A few weeks ago, we welcomed Kido Dynamics and Motoreto into the fold. Kido is our answer to data, whilst Motoreto is revolutionizing a traditional market. More details on both below. 

Why is data crucial for mobility? For us, the answer is clear; better decisions require greater accuracy. And we are not talking about data from the past, we mean real time data (or as close to real time as it's possible to get) and the power of ML to create predictive models. Given that data is not the question but the answer, we are committed to partnering with a company that shares this view. And Kido is a tech firm that can scale its business with a vision that will also enable the upgrade of B4Motion's entire ecosystem. 

By definition, automotive and direct to consumer business and brand tend to be playing in the same space. It is just a matter of time. Our search to find a really amazing company that reduces the inefficiencies that drive DTC business modeling in the used vehicle market led us to Motoreto. The firm is not classified as a company or a B2C or C2C marketplace. Rather, it offers a new holistic view on how to optimize virtual stocks of vehicles to enhance value chain decisions and value realisation. A new space is needed to connect wholesalers and end customers, that much is clear, but this team is adding tech, mixed with an understanding of how the automotive business works, to really generate value. It’s an exciting proposition for everyone.

We also participated in the new €440,000 investment round that Journify, another of the companies in our investment portfolio, recently completed. The firm is forging ahead at a time when many sharing based mobility services have been hit hard by the pandemic. But Journify's team has the talent and vision to battle through all of the current uncertainty and to become stronger in the process.

Meanwhile, Bipi is no longer in our investment portfolio. We exited the firm in October 2020 after 4  years of close collaboration. It has been an honour to accompany Bipi on its journey from when it took its first steps onto the mobility stage through to its current role as a leading player in this ever-changing ecosystem. And we would like to congratulate the whole team on its recent successful €10.5 million Series B funding round 

In our Venture Lab, one of our startups, BotON, is growing very fast, as we can see on its brand new website theboton.io, which showcases all the amazing features they have been working on. BotON is dedicated to the development of an intelligent mobility platform that connects drivers - professionals and individuals - with their cars, generating information and facilitating transactions with mobility services, OEM services and fleet owners.

Being created in the middle of a global health crisis is not something that many companies can boast. But Cardive, a spin-off of one of our other Venture Lab startups, Fleeet, did in fact launch its business just a few weeks ago. Cardive's main objective is to complete the B2C car subscription service that Fleeet doesn’t offer.