Mobility venture capital is a growing area within Michigan because of its huge potential and widespread support within the industry. Michigan has 22 venture-capital firms and eight angel groups who are active in Michigan’s investment space, and many of these organizations focus on mobility. These investors are looking at everything within the mobility ecosystem including bike, road, air, rail and maritime.
One of the most active investors is Fontinalis Partners. Fontinalis was founded in 2009 to invest in and drive innovation across next-generation mobility. Its partners invest only in technology companies that have an ability to significantly improve mobility and technology surrounding mobility. Its approach centers on where a startup or business is in terms of its development, and it will invest in companies ranging from seed stage to pre-IPO.
Another primary resource Michigan has within venture capital is the Michigan eLab. The Michigan eLab is located strategically in one of the state’s most technologically advanced cities, Ann Arbor, with connections to Silicon Valley. Michigan eLab’s mission is to improve the entrepreneurial ecosystem by bridging valuable but scarce resources from Silicon Valley to local Michigan entrepreneurs.