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InMotion Ventures’ first investment in Energy Source: $1.2M funding for lithium battery sustainability

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Energy Source, InMotion Ventures, Jaguar Land Rover

Energy Source has caught attention overseas and has raised $1.2 million from InMotion Ventures, the investment arm of JLR (Jaguar Land Rover). This signifies InMotion Ventures’ inaugural venture into the Brazilian market.

Energy Source intends to use the fresh funds to capitalise on the growth of the country’s burgeoning startup ecosystem and broaden its focus beyond the UK and the US. It will use the capital to accelerate growth and expand operations, enabling it to continue catering to global clients in the future, such as JLR, from their 4,500 m2 industrial plant in São João da Boa Vista.

Read more at Tech Funding News

Gen Phoenix partners with Material Impact, Dr. Martens, InMotion Ventures, and Tapestry to scale sustainable next-gen material innovation

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Gen Phoenix, Material Impact, Tapestry, Jaguar Land Rover

Gen Phoenix, the leading producer of sustainable recycled leather at scale, is announcing $18M in funding to further the company’s mission to create premium and eco-conscious next-gen materials. The investment was led by venture capital firm Material Impact, with participation from Dr. Martens, InMotion Ventures, the investment arm of Jaguar Land Rover, and Tapestry, the house of modern luxury lifestyle brands that include Coach, Stuart Weitzman and Kate Spade. The funding round also includes existing investors ETF Partners and the Hermes GPE Environmental Innovation Fund, who continue to support the company’s growth plans.

Read more at PR Newswire