BRV Capital Management aims to raise $1bn for a new fund to back businesses across the electric-vehicle supply chain, as industry players strive to reduce their reliance on Chinese companies for battery materials, computer chips and other components.
The EV space is sitting at an inflection point, geopolitical conflicts have led to higher demand on localized and differentiated supply chain construction, tighter ESG compliant and automated manufacturing processes, and differentiated material technologies. BRV Capital has been fortunate to capitalize on the moment and consecutive factors, including governmental mandates for EV adoption, rebates/tax relief and investment in EV infrastructure, industry regulations and a new carbon free standard, and the rise of automation driving. The intersection of these macro trends amplifies Mobility Fund I’s impact on innovation within the EV ecosystem.
“Markets are sitting at a turning point as the fracturing supply chain is rippling across Asia, causing a spike in manufacturing in and beyond Korea, Taiwan, and Southeast Asia. BRV Capital is leveraging this momentum to expand our presence in the United States, London, Singapore, and Taiwan as a leader in EV investing,” said Kwan Yoon, CIO of BRV Capital. “This expands our network within the EV ecosystem to help enable key component manufacturers and battery producers to accelerate and solidify new supply chain construction.”
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
“BRV Capital is investing in the disruption of fundamental technologies that are not only producing higher performance and cost advantages, but entire technology systems to be more environmentally friendly and energy saving,” said Yoon.
BRV Capital’s Mobility Fund I is an extension of its Asia focused growth equity fund, BRV Lotus Fund III, as the global opportunity in the EV sector exponentially. Following the success of Ecopro Materials, and Ecopro CNG, Mobility Fund I utilizes EV opportunities in and beyond the greater Asia market and capitalizes on the globalization of EVs. With these complementary funds, BRV Capital aims to create an EV ecosystem across global markets.
Since the closing of Lotus Fund III, BRV Capital has deployed more than half of $1bn of capital across portfolio companies such as Ecopro Materials, Line Man and Greenlabs.
Lotus Fund III highlights BRV Capital as the only Asia focused growth investment platform equipped with consistent multi-decade global technology investment track record, differentiated level of local access and unique capabilities in proprietary sourcing.
Source: PR Newswire
Can’t stop reading? Read more
Clearlake Capital strengthens executive bench as it scales global investment platform
Clearlake Capital strengthens executive bench as it scales global investment platform Clearlake...
Croatia’s Prosperus Growth acquires Neos to anchor IT platform strategy
Croatia’s Prosperus Growth acquires Neos to anchor IT platform strategy Croatian private equity...
Alter Capital takes control of Wifit Gyms to accelerate Iberian expansion
Alter Capital takes control of Wifit Gyms to accelerate Iberian expansion Alter Capital Desarrollo...