News

Ionomr

Ionomr Innovations Inc., developer and manufacturer of breakthrough, foundational polymer and membrane technologies for next-generation hydrogen applications, has closed a US$20 million Series A-4 funding round with returning lead investors NGIF Cleantech Ventures and Pallasite Ventures. Mobility Innovation Fund joined the round.

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Infinitum

Climate technology firm Infinitum, which develops high-efficiency industrial motors with its printed circuit board stator technology, had closed its Series E led by Just Climate. Mobility Innovation Fund participated in the round as an investor.

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XCharge files for IPO

XCharge Group, a global leader in battery-integrated charging solutions, filed with the SEC to raise up to $50 million in an initial public offering. Previously, the company has secured a new investment, to propel XCharge’s ambitious expansion plans, reinforcing its position in the competitive EV charging industry. Mobility Innovation Fund

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H2U Technologies

In May 2023, Mobility Innovation Fund joined the Series A1 investment in H2U Technologies, Inc. , the developer of new energy technologies to produce green hydrogen.

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Recogni

Recogni, a startup designing an AI-powered vision recognition module for autonomous vehicles, successfully completed its Series C round. Mobility Innovation Fund participated in this round.

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Sicona

Battery materials startup Sicona charges up with $22 million Series A, Mobility Innovation Fund participates in the round as an investor.

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Enervenue

In Feb 2023, SAIC Technologies Mission Fund seized an opportunity to invest in Enervenue, who developed a breakthrough technology to revolutionize stationary energy storage.

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SAIC Capital Launched Three New Funds in 2023

SAIC Capital is thrilled to announce the launch of three new funds in 2023: SAIC Technologies Mission Fund, Mobility Innovation Fund, and SAIC-Goldbell Technology Fund, as we embark on an exciting journey to further nurture the growth of our portfolio companies. We are also looking forward to collaborating with even

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AM Batteries

In October 2022, AM Batteries secures $25 million in Series A financing for its dry-electrode technology, We participated in the round.

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May Mobility

In July 2022, May Mobility, a leader in the development and deployment of autonomous vehicle (AV) technology, closes $111 million series C funding. We participated in the round.

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