NordicNinja VC invests into Einride – the world’s first Transport as a Service solution

NordicNinja VC has made a series A investment in Einride, a Swedish company developing an autonomous electric transport system, together with EQT Ventures fund (“EQT Ventures”). Other investors joining the round include Ericsson Ventures, Norrsken Foundation, Plum Alley Investments and Plug and Play Ventures.

Einride was founded in 2016 by Robert Falck, Filip Lilja and Linnéa Kornehed. Einride develops intelligent transportation solutions – sustainable, cost-effective and safe – and has gained global recognition for the Pod, the first truck specifically designed for electric propulsion and autonomous driving. This March, the Swedish Transport Agency concluded that the Einride Pod is able to operate in accordance with Swedish traffic regulations and approved Einride’s application to expand the pilot to a public road, which it did in May in collaboration with its customer and partner DB Schenker. Einride has ambitious plans to expand their business globally.

Our ambition is to disrupt the transport industry and closing our series A brings us one step closer to that goal. The funding will allow us to start expanding in the US, deliver on our technology road map and to meet rapidly increasing customer demand,” says Robert Falck, CEO & founder of Einride.

“Einride’s solution in transportation solves the environmental, safety and manpower problems that have haunted the industry for years. Moreover, their fleet system has a unique potential to make long distance ground transport as reliable as water. This is truly revolutionary,” says Marek Kiisa, the Managing Partner of NordicNinja VC.

“Nowadays the road freight industry faces a lot of difficulty including driver shortage and it is forced to be disrupted. We are deeply impressed with what the team of Einride has achieved and we believe that their solution is essential in this industry all over the world,” says Tomosaku Sohara, the Managing Partner of NordicNinja VC.

NordicNinja VC started with over 100 million euros in January 2019 and is backed by Japanese blue-chip companies Honda, Omron, and Panasonic, as well as the Japan Bank for International Cooperation. It aims to support scale-up goals in the Nordic and Baltic region through supporting the region’s startups expand into and develop business opportunities in Japan.

About NordicNinja VC

NordicNinja VC is an official auxiliary name of JB Nordic Ventures Oy, which is a Helsinki-based joint venture by JBIC IG Partners and BaltCap. JB Nordic Ventures provides investment advisory to JB Nordic Fund I SCSp.

About Einride

Einride was founded in 2016 by Mr. Robert Falck, Ms. Linnéa Kornehed and Mr. Filip Lilja. The company is a pioneer in AET (Autonomous Electric Transport) systems. Einride has achieved several world-firsts over the last years. In November 2018, the company joined forces with logistics company DB Schenker to start a commercial installation of an all-electric autonomous truck at a DB Schenker facility in Sweden. Earlier this year, the Einride pod became the world´s first autonomous all-electric truck to operate a commercial flow for DB Schenker with a permit on public road. The company has been globally recognized for its technology as well as the progressive design of transport vehicles. The Einride pods are designed for autonomous, all-electric which for an example means that the vehicles do not have a cab or room on board for human drivers.

Contact

Marek Kiisa
Managing Partner, NordicNinja VC

Tomosaku Sohara
Managing Partner, NordicNinja VC

Claes Mikko Nilsen
Investment Director, NordicNinja VC
claes.mikko@nordicninja.vc
(+358)504913001

NordicNinja VC invests in Bolt

Venture capital firm NordicNinja VC has invested into Estonian company Bolt, formerly Taxify.

Bolt is the leading European transportation platform that focuses on making urban travel easier, quicker and more reliable. Bolt launched in 2013 and is currently one of the fastest-growing transportation platforms in Europe and Africa with investors including Daimler, Didi Chuxing, Korelya Capital and TransferWise co-founder Taavet Hinrikus. The company has more than 25 million users in over 30 countries globally.

“We are extremely impressed by Bolt’s achievement in positioning the company as a leading ride-hailing platform and we will support the company to build the future of transportation in the world,” says Tomosaku Sohara, the Managing Partner of NordicNinja VC.

The €100 million NordicNinja VC started operating in January 2019 and is backed by Japanese blue-chip companies Honda, Omron, and Panasonic, as well as the Japan Bank for International Cooperation. It aims to support scale-up goals in the New Nordics (Nordic and Baltic region) through supporting startups expand into and develop business opportunities in Japan.

About NordicNinja VC

The official name of NordicNinja VC is JB Nordic Ventures Oy which is a Helsinki-based joint venture by JBIC IG Partners and BaltCap. JB Nordic Ventures provides investment advisory to JB Nordic Fund I SCSp.

For more information, please contact:

 

Tomosaku Sohara
Managing Partner
E-mail: tomosaku@nordicninja.vc
Website: https://nordicninja.vc

 

Claes Mikko Nilsen
Investment Director
E-mail: claes.mikko@nordicninja.vc
Phone: +358504913001
Website: https://nordicninja.vc

 

NordicNinja VC invests into FLEXOUND

The newly established venture capital firm NordicNinja VC has made a new investment into Finnish FLEXOUND – The Augmented Audio Company.

The company provides FLEXOUND Augmented Audio™ that adds the sense of touch to audio-visual listening experience — be it music, games, television, streaming or movies. Its proprietary technologies combine high-quality audio with physical sound wave vibration, creating a globally unique immersive experience. FLEXOUND attracts international business customers, especially from the automotive, aviation, and cinema industries. On 15 February 2019, it opened its first commercial movie theatre in Finland and further announcements are soon to come.

“When we started with our first therapy product Taikofon™ and then the home entertainment HUMU Augmented Audio Cushion™, we were constantly told that our technology should be embedded into cars and cinemas. And now we are doing exactly that. The investment and co-operation with NordicNinja enable us to grow faster within the target segments. FLEXOUND is disrupting audio by offering multiple benefits over traditional loudspeakers, for instance being very energy-efficient and light weight,” says Mervi Heinaro, the CEO and Co-founder of Flexound.

“We are extremely excited to accelerate the international growth of Flexound,” says Shinichi Nikkuni, a Managing Partner of NordicNinja VC. “There has been already a great amount of international interest towards the company especially from mobility and cinema sector,” adds Marek Kiisa, a Managing Partner of NordicNinja VC.

The €100 million NordicNinja VC started operating in January 2019 and is backed by Japanese blue-chip companies Honda, Omron, and Panasonic, as well as the Japan Bank for International Cooperation. It aims to support scale-up goals in the New Nordics (Nordic and Baltic region) through supporting startups expand into and develop business opportunities in Japan. The official name of NordicNinja VC is JB Nordic Ventures Oy which is a Helsinki-based joint venture by JBIC IG Partners and BaltCap. JB Nordic Ventures provides investment advisory to JB Nordic Fund I SCSp.

FLEXOUND Augmented Audio™ is designed and engineered in Finland. The multinational team started the work in 2015 to help autistic children by adding the sensation of touch to music. The versatile and globally unique technology can now be embedded into cinema, airplane or car seats, gaming chairs, cushions, furniture and more. The patented FLEXOUND Augmented Audio™ has won both hearts and awards internationally.

 

For more information, please contact:

 

Mervi Heinaro
Flexound, CEO and Co-founder
Phone: (+358) 405 531 000
E-mail: mervi@flexound.com

 

Shinichi Nikkuni
NordicNinja VC, Managing Partner
E-mail: shinichi@nordicninja.vc

 

Marek Kiisa
NordicNinja VC, Managing Partner
E-mail: marek@nordicninja.vc

NordicNinja VC’s first investment – MaaS Global

Today it was announced that the newly established venture capital firm NordicNinja VC has made its first startup investment into the Finnish all-in-one mobility service provider MaaS Global.

MaaS Global is behind the first all-inclusive MaaS solution commercially available on the market, mobility service application called Whim. Whim was launched in Helsinki in 2017 and has since then expanded into two other cities in Europe: Birmingham (UK) and Antwerp (BE). “People’s interest has surpassed our expectations and we have been able to prove the functioning of the service. We are now ready for global expansion,” says Sampo Hietanen, the CEO and Founder of MaaS Global.

MaaS Global has also been successful in gaining wide interest globally, including Japan where Whim is one of the best-known Finnish startup brands today. Thus, the investors include several Japanese ones as well. The company was the first one using the term Mobility-as-a-Service (MaaS) and offering an all-inclusive service of variety of transportation alternatives within one app including taxis, public transport, rental cars and bicycles.

“We are extremely excited to be part of the MaaS Global’s growth goals, as there was already a great amount of international interest towards the investment round,” says Tomosaku Sohara, the Managing Partner of NordicNinja VC.

The €100 million NordicNinja VC started operating in January 2019 and is backed by Japanese blue-chip companies Honda, Omron, and Panasonic, as well as the Japan Bank for International Cooperation. It aims to support scale-up goals in the New Nordics (Nordic and Baltic region) through supporting startups to expand into and develop business opportunities in Japan.


About NordicNinja VC

The official name of NordicNinja VC is JB Nordic Ventures Oy which is a Helsinki-based joint venture by JBIC IG Partners and BaltCap. JB Nordic Ventures provides investment advisory to JB Nordic Fund I SCSp.

About MaaS Global & Whim

MaaS Global is the world leader in the field of Mobility-as-a-Service (MaaS) with its award-winning Whim app which provides users all city transport services in one step. With over four million trips made since its launch in November 2017, Whim is the first all-inclusive MaaS solution commercially available on the market. Whim allows users to journey where and when they want with public transport, taxis, cars, and many other options, all under a single monthly subscription. Whim has revolutionized users’ travel habits, in favor of sustainable modes. MaaS Global was founded in 2015 and is headquartered in Helsinki, Finland. The company is funded by Toyota Financial Services, Karsan Otomotiv, Transdev, Aioi Nissay Dowa, Denso and Veho, and the total amount of investments from previous rounds is €24.2 million.

https://whimapp.com/about-us/


For more information, please contact:

Claes Mikko Nilsen
Investment Director
E-mail: claes.mikko@nordicninja.vc
Phone: +358504913001
Website: https://nordicninja.vc

 

BaltCap about to establish a new €100m venture capital fund focusing on the Nordic and Baltic region

BaltCap together with JBIC IG Partners, a Japanese government backed private equity and venture capital firm, will establish a new €100m fund focusing on venture capital investments in the Nordic and Baltic region.

JB Nordic Ventures, 50/50 joint venture between BaltCap and JBIC IG, will focus on early stage investments into ICT/Deep Tech sectors, including Autonomous Mobility, Digital Health, AR/VR/MR, Artificial Intelligence, Robotics and IoT.

The fund investors will include large Japanese technology corporations like Honda, Omron and others. The Fund will utilize global network in Tallinn, Stockholm, Helsinki and Tokyo and plans to start operating in Q1 2019.

“We are very pleased to see that the Nordic-Baltic region has emerged as one of the hottest venture capital areas in the world and we are excited to begin this new venture together with highly reputable Japanese investors,” says Peeter Saks, Managing Partner of BaltCap.

 

Additional information:

Peeter Saks
Managing Partner
Phone: +3726650285
peeter saks@baltcap.com
www.baltcap.com