Envoy secures USD81 million in financing
The Series A was co-led by Shell Ventures and Building Ventures and included DENSO, Goodyear Ventures
Envoy Technologies has secured an USD11 million Series A round and a strategic vehicle financing facility to assist Envoy to scale to thousands of vehicles, according to a company press release on 12 Nov. The Series A was co-led by Shell Ventures and Building Ventures and included other notable investors; DENSO, Goodyear Ventures, GroundBreak Ventures, and the Los Angeles Cleantech Incubator Impact Fund. The vehicle financing facility is being provided by Macquarie Specialized and Asset Finance, a part of Macquarie Group. The capital will enable Envoy to continue expansion throughout the United States.
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