Leitmotif Invests in Decarbonization Startups
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Exclusive: Meet the new VC firm secretly backed by Volkswagen | TechCrunch
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Leitmotif has been on a quiet blitz for the last 16 months , funding around 20 startups focused on decarbonization.
The German automotive giant has committed $300 million to the firm's first fund and is its sole limited partner.
The firm has publicly backed 13 startups to date, though there are more to be announced.
Both Wiese and Trevithick are veterans of Volkswagen Group , Venrock and Venrock.
They both worked for the company during the clean tech boom in the early 2010s .
They say their backgrounds helped them navigate the uncertainty currently plaguing the industry.
Trevathick says the industry is "starting in a much better position this time around".
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