AdvantEdge Founders

We back exceptional entrepreneurs setting new benchmarks in quality, technology and sustainability. Since 2016 we’ve been passionate about driving industry change. Our team backs purpose-driven founders who share our mission across seven high-impact strategic verticals. We invest early across the world – Seed to Series B. As a specialist co-investor we do not lead rounds, but when we do invest we seek to over-index on the value we create. DRIVEN BY DISRUPTION: We are the venture capital arm of JLR, a key component of JLR’s open innovation programme, focussed on investments in startups that will be critical to accelerating the Reimagine strategy. An investment from InMotion Ventures is a step towards partnering with one of the world’s most innovative OEMs. Our capital comes with access to a rich ecosystem of innovators with sustainability at its centre, working together to co-create the world’s most desirable luxury vehicles and services for the most discerning of customers ELEVATING CATEGORY LEADERS: We believe top-tier strategic investors have the power to supercharge portfolio growth: leveraging corporate ambition to give startups a tangible competitive edge. We’re clear on how we make a difference to the businesses we back. A unique combination of capital, partnership opportunities, domain expertise and exposure to the wider Tata group. We’re committed to the success of all our partners, and only invest where we know we’ll have impact.

We are an early-stage venture capital firm investing in companies that jumpstart new industries in the emerging markets of Europe. Investment thesis Infrastructure for innovation We invest in startups that build the infrastructure for innovation and jumpstart new industries by breaking vicious cycles. The root of all evil Vicious cycles are endemic in emerging ecosystems - they are the byproduct of systemic deficiencies and make it difficult or even impossible for the emerging ecosystem to grow and develop. Example of such a vicious cycle at work in Central and Eastern Europe: the adoption of electric vehicles (EVs) is slowed down by the lack of the charging infrastructure; conversely, the charging infrastructure is not being built because of the lack of the EVs to use it. Because of their systemic origin, breaking such vicious cycles is a capital-intensive and a long-term endeavor - the kind of task a VC fund is both qualified and responsible to assume. On a high note - the root of all evil is where the promise of venture returns lies. A (technological) leap of faith Emerging ecosystems are strong enough to leapfrog existing technologies and adopt the solutions of the future. It happened in the past (see LTE adoption in Africa/India leapfrogging classical landlines) giving birth to a breed of companies that created their own markets. These startups are the backbone of the future ecosystem populated by dependent/client third parties. Opportunities A brave new world B2C - The rising billions In 2000, 6% of the world population was connected to the internet. In 2010, online adoption increased to 23% or 2 billion people connected. In 2020, more than 66% of all people will have online access. That’s an additional 3 billion people that will get access to the internet, raising the total number of connected population to 5.5 billion. B2B - The unicorn of one It is now possible to start a company valued at $1BN from your garage, with no assets and basically no employees. And this company may serve the giants of the corporate world. Fortune 500 companies already acknowledged that innovations come from small companies agile enough to disrupt industries. Today, the business development and strategy VPs turned into innovation scouters actively seeking emerging technologies and valuable teams to acquire or hire. Let’s talk money How we do it Our philosophy Our philosophy is quite straightforward: we invest at the earliest stages in companies whose founders have skin in the game, are coachable and address big markets. If the opportunity is real, we prefer to be the first institutional investor in such startups. Geography Our firm recruits regionally (in CEE) and invests locally (in Romania) to take advantage of country’s great technical talent, low labor costs, low operating costs and high-speed Internet access. Equity Because of our active engagement with our companies, we typically will take a correspondingly substantial equity ownership position (5% to 15%) in our investments and will join as a member of the company’s board of directors (Series A). Accelerator Stage At the Accelerator stage - we invest anywhere between €50,000 and €200,000 in exchange for 5% to 15% common stock. Series A At the Seed stage - our sweet spot is €500,000 but, if the opportunity is real, we can invest up to €4,500,000 in one company. Timing We are fast to say NO – won’t waste your time. Saying YES takes a bit longer: 4 to 6 weeks on average, but that depends on you too.

WEX Venture Capital invests in early-stage companies focused on electric mobility, including fleet electrification, EV charging solutions, and energy management.WEX Venture Capital invests in early-stage companies focused on electric mobility, including fleet electrification, EV charging solutions, and energy management. Already a trusted advisor to fleet mobility customers, including more than 18 million vehicles serviced globally as of Q2 2023, WEX Venture Capital is focused on leading the commercial EV transition, and helping WEX customers move toward a mixed fleet future. Why partner with WEXAccess to our community of customers and partners WEX’s expertise in fleet mobility and payments Capital investment Why now is the time to engage in the energy transition Facing climate change and fluctuating oil prices, WEX has engaged in the transition toward sustainable energy. A March 2023 Intergovernmental Panel on Climate Change report counsels that it is still possible to hold global warming to relatively safe levels, but accomplishing this will require:

Rethink Ventures is specialist fund focused on mobility, automotive and logistics innovators leading the transformation towards a digital, clean and sustainable future. Investment Strategy As an early-stage focused fund, we partner with founders at the beginning of their entrepreneurial journey. Typically we invest in companies between Seed to Series-A stage, often coming in as first institutional investor. From our home base in Munich, we partner with founders across Europe. Our focus in the transportation sector centers on the following four areas of expertise: Vehicle Technologies: Technologies for next generation vehicles that are digital, autonomously operated and sustainable. Mobility: Providing clean, comfortable, safe and affordable mobility for everyone. Logistics: Leading the transformation towards digital, automated and sustainable logistics operations. Energy: New powertrains and infrastructure to power a clean and emission free future of transportation. Providing true value-add for early-stage companies to scale to the next levels. At Rethink Ventures, we are creating a mutually beneficial ecosystem between our portfolio companies and our corporate partners. By providing direct access to the automotive and logistics industry we are supporting our startups to win new customers, establish technology partnerships and become part of complex value chains. We work closely with founders to drive their companies’ long-term growth and eventually create new market leaders. Our commitment to drive change in mobility The Challenge: The transportation sector faces significant challenges as the global demand for mobility and logistics continues to grow. Greenhouse gas emissions: By contributing approximately 25% of all global greenhouse gas emissions, the transportation sector is a leading cause of climate change. Natural resources consumption: Natural resources are heavily relied upon for the production of vehicles, fuels, and infrastructure in the transportation sector, which can have significant environmental impacts. Congestion: Traffic congestion in urban areas is a major challenge that requires a combination of infrastructure improvements, public transportation options, and changes in behavior. Physical footprint: The transportation sector requires a significant amount of physical space for roads, parking, and other infrastructure, leading to habitat destruction, loss of green space, and decreased livability in urban areas. Innovation as a Solution: At Rethink Ventures, we strongly in believe innovation and new technologies to create a world in which transportation is emission-free and sustainable. Together with our startups and partners, we aim to develop and scale solutions that eventually will provide clean, digital and safe mobility for everyone. As a SFDR article-8 fund generating positive impact through our investment activities is core to our Rethink Ventures DNA.

The next-generation of European and Israeli climate-tech founders are poised to solve humanity’s most pressing challenge, but are heavily underfunded and underrepresented at Seed stage. Benefitting from unparalleled levels of engagement with the climate tech community, our platform-based model backs the pioneers building the technology that will become the infrastructure of tomorrow. Given that decades of collective actions got us into the climate mess, we leverage Energy Tech Summit, Energy Tech Challengers and Climate50 to make a collaborative effort to mobilise resources and get humanity back on track to decarbonize the economy.

Honda created this program to engage innovators in the global startup community in an open dialogue to build the carbon-neutral future of mobility. Its focus areas are intentionally broad, encompassing all areas of carbon neutrality and safe mobility, and its capabilities include support for direct investment, strategic partnership, co-development and prototyping. WHAT WE OFFERInvestment: Strategic investment opportunities start here. Honda is ready to invest in promising startups. We are the open door for innovators with unique and differentiated ideas to make the world a better place, together. Partnership: We offer the opportunity for startups to connect with the right people and resources within Honda. We welcome all likeminded forward-thinkers to work with Honda to accelerate innovation. OUR FOCUS AREAS Carbon Neutrality Energy Innovations Electrification New Fuels Resource Circulation Mobility Land Air Sea Space Robotics Transports Telepresence Automation A.I. Manufacturing Efficiency Quality Optimization Safety