On Electrification: Why TechNexus Invested in AmpUp, H3X, and Natrion

With record-breaking venture dollars flowing into EV startups, TechNexus reveals why it invested in three electrification plays: AmpUp (EV charging network), H3X (high-density electric motors), and Natrion (solid-state battery materials). Each addresses a different critical bottleneck in the electrification value chain.

Electrification is everywhere. With record-breaking venture dollars invested into EV startups, the rise (and the fall ) of mobility SPACs, and announcements about expansive government policy, there has been no shortage of electrification news and progress this year. At TechNexus Venture Collaborative , we have a unique vantage point into the emerging world of electrification and mobility because we sit at the intersection of industry-leading corporations and innovative startups. As we think about the adoption of electrification across industries and verticals, our team of venture investors and analysts is focused across the supply chain. Ranging from core battery tech, to component parts, to charging infrastructure, we have recently welcomed three electrification startups to our portfolio: Natrion , H3X , and AmpUp . Growing Global Demand The market for EVs is surging. Deloitte projects nearly 30% of the global market share of passenger cars will be EVs by 2030. Off the heels of their CES Keynote featuring ‘an EV for everyone’ campaign in January 2021, GM just announced that they expect $90 billion in additional annual revenue from electric vehicles by the end of the decade, and $80 billion from connected vehicles, new businesses, autonomous ride-hailing, software and subscription services, and commercial electric vehicles. Meanwhile, Tesla is outpacing expectations on deliveries despite the global chip shortage and supply chain problems and just inked a 100,000 fleet deal with Hertz that propelled its market cap north of $1T. While many are bullish about the pent-up demand for EVs, Europe has substantiated these claims — for the first time, EVs and Hybrids have surpassed diesel car sales volume in Europe. The Rise of EV VC Growing global market demand is fueling the need for technological advancements. As a result, capital has become increasingly abundant. 2021 marks an unprecedented number of investments completed and dollars deployed in the EV space. In the first

By Cristin Pacifico at TechNexus Venture Collaborative