Kinetic Secures $10 Million In Series A Funding And Announces Launch Of Las Vegas Ev Service Hub
Amount Raised
$10 Million
Round Type
Series A
United StatesManufacturingAutomotiveInvestors
Description
Kinetic, an Infrastructure-as-a-Service company that delivers digital maintenance and servicing for EVs and AVs through its network of service centers, today announced it has secured $10 million in Series A funding. The equity investment was co-led by Lux Capital and Construct Capital, with participation from early-stage venture firms, which include Haystack Ventures via Semil Shah, General Partner, Automotive Ventures via Steve Greenfield, General Partner and SHAKTI Ventures via Keval Desai, Founder and Managing Director. Angel investors in Kinetic include Qasar Younis, CEO and Co-Founder Applied Intuition, Rick Wagoner, former CEO of General Motors, Gokul Rajaram, product leader at DoorDash, and others.
Quick answer
Kinetic Automation raised $10 Million in a Series A round, dated October 5, 2023. Investors: Gokul Rajaram, Product Leader At Door Dash, Rick Wagoner, Ceo And Co Founder Applied Intuition, Qasar Younis, Shakti Ventures, Automotive Ventures, General Partner and Haystack Ventures. Kinetic Automation is based in United States.
- How much did Kinetic Automation raise?
- Kinetic Automation raised $10 Million in a Series A round on October 5, 2023.
- Who invested in Kinetic Automation?
- Gokul Rajaram, Product Leader At Door Dash, Rick Wagoner, Ceo And Co Founder Applied Intuition, Qasar Younis, Shakti Ventures, Automotive Ventures, General Partner and Haystack Ventures are named as investors in this round.
- What does Kinetic Automation do?
- Kinetic is ushering in the next generation of mobility (EVs, AVs) with a network of highly automated service centers.
- Where is Kinetic Automation based and how big is it?
- Kinetic Automation is based in United States. Fundz records about 76 employees.
- Who are the decision-makers at Kinetic Automation?
- Fundz holds 4 contacts at Kinetic Automation, including the CEO and Co-founder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Automotive and Manufacturing around the same time
Companies in the same sectors as Kinetic Automation that raised within 45 days of this round, from Fundz verified event records.
- X-Bow Systems raised an undisclosed amount (Funding Round) on November 16, 2023.
- Recochem raised an undisclosed amount on November 7, 2023.
- Carbon Revolution raised an undisclosed amount on November 6, 2023.
- PHOENIX MOTOR raised $3.4M (Seed) on October 26, 2023.
- Jetson raised $15M (Funding Round) on October 3, 2023.
- Fisker raised an undisclosed amount (Funding Round) on September 29, 2023.
Who to call at Kinetic Automation, and when
A new round usually means Kinetic Automation is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Kinetic Automation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Kinetic Automation, from your own LinkedIn network
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Funding Insights
What this usually meansKinetic Automation raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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