Scania Ventures

Our mission is to partner with ambitious and visionary founders transforming the way in which we think about mobility to make it more sustainable. We are committed to being a part of mobility's transformation pushing for more efficient, safety-focused and environmentally friendly solutions. Investment thesisMobility ecosystem Late seed and series A First ticket from US$500k up to US $2mm Open to lead or co-invest Reserves for follow-on investments Actively seeking strong co-investors in all cases

GM Ventures invests in start-ups that share General Motors’ vision of a world of zero emissions, zero crashes and zero congestion. We are focused on key technologies that can be implemented in GM’s vehicles, manufacturing facilities and operating businesses. Our investment approach is unique. We combine venture investing with the active support of General Motors’ technical and business resources to improve, expand and scale technology. This provides our portfolio companies with additional capabilities to commercialize their innovation in the global transportation industry and have GM as a potential customer. Since 2010, we’ve built strong relationships with start-up companies and other venture capital firms who share our vision to advance the automotive industry. Our investments have increased General Motors’ technology footprint, including industry-first innovations, and accelerated its strategy to earn customers for life.

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.

Volvo Group Venture Capital AB was founded in 1997 and is Volvo Group’s corporate investment company. Our role is to drive new business growth through identifying and initiating partnerships with innovative companies participating in the transformation of our industry. To identify new partnerships, we cooperate with an extensive global network of entrepreneurs and investors. While analyzing opportunities, we look at the company’s potential and how we can combine the assets of the company with the capabilities of the Volvo Group. For the evaluation we work in close collaboration with our commercial and engineering teams. We look for passionate management teams sharing a vision of how we together create customer value. Our focus is on areas in which technology-based innovation results in new solutions that improves the profitability of our customers and enable new business opportunities for the Volvo Group. Investment AreasFuture transport solutions for a safer, sustainable and prosperous world Exploring new business models and realizing the value of data

We invest across mobility Connectivity, Cybersecurity & Compliance: Vehicles are creating more data than ever, which is both opportunity and threat. Autonomy, Robotics & AI: Artificial intelligence (AI) & robotics have the potential to usher in a new wave of safety and productivity. Shared Assets, Subscription & Convenience Economy: New generations of consumer may be willingly to trade price for convenience and be open to new ownership models. Decarbonization & New Energy Sources: The world is moving to reduce our carbon footprint and new energy sources are a key piece of the puzzle. What makes us differentIndustry Expertise: We have a strong thesis for how the future will unfold. Our guidance and market perspective gives founders access to “smart money.” We work hard to help our companies move up the maturity curve and stay out of trouble. Robust Network: Our network is second to none. Our industry reputation and reach gives founders credibility and distribution with potential early customers and partners. Our connections with co-investors helps founders raise and close subsequent rounds. Founder Empathy: Being a founder is hard and can often be thankless. Entrepreneurs experience crazy highs and terrible lows. One of our key roles is to be there for our founding teams. In good times and in bad. As a steadfast rock they can lean on.

Verod-Kepple Africa Ventures (VKAV) is the first fund by Verod-Kepple Africa Partners, a joint venture between Verod Capital Management Limited and Kepple Africa Ventures. Launched in 2021, VKAV is a US$60 million pan-African venture fund investing in scalable, tech-enabled, post-revenue businesses bringing about transformative change by addressing difficult challenges across various industries on the continent. Our portfolio companies currently consist of Moove, NowPay, Koko Networks, Ceviant, Chari, Shuttlers, Nawy, Julaya, Chefaa, Cloudline, mTek, Zone, Tagaddod, WorkPay and Autochek. We are supported by a diverse group of prominent global institutional investors and family offices with extensive experience in investing in emerging markets.