Volkswagen Group, headquartered in Wolfsburg, Germany, is one of the world's leading automotive manufacturers and operates a corporate venture capital program investing in decarbonization and mobility technologies. Since 2023, the group has invested in decarbonization efforts externally through a venture capital fund, including backing the independent VC firm Leitmotif with a $300 million commitment.
42% of their portfolio is in Climate & Energy. Deal activity decreased year-over-year (2 deals in the last 12 months vs 3 prior). Their most common stage is growth (58% of deals). Average disclosed round size is $810.9M (across 9 rounds with reported amounts).
Portfolio
9
Fund Size
$300M
Top Stage
Growth
Last 12 Mo
2
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
12 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Mind Robotics | Series A | $400M | May 2026 |
 Rivian | Growth | $1B | Mar 2026 |
| Rivian | Unknown | $1B | Jul 2025 |
 IONITY | Growth | — | May 2025 |
| PPatriot Battery Metals Inc. | Series B | $48M | Jan 2025 |
 Electrify America LLC | Growth | — | Jun 2022 |
 Northvolt | Growth | $2.8B | Jun 2021 |
 QuantumScape | Growth | $200M | Jun 2020 |
| Northvolt | Growth | $600M | Jan 2020 |
| Northvolt | Growth | — | Jun 2019 |
 Medium Corporation | Series C | $1B | Jan 2017 |
 Gett | Unknown | $300M | May 2016 |
Top Co-Investors
The Goldman Sachs Group, Inc.3 shared
Ford Venture Capital Group2 shared
Norrsken VC2 shared
Scania Growth Capital2 shared
Baillie Gifford2 shared
Baron Capital2 shared
Market One Capital1 shared
Siemens Financial Services1 shared
BMW i Ventures1 shared
Kleiner Perkins1 shared
Bain Capital Ventures1 shared
Garuda Ventures1 shared
Redpoint Ventures1 shared
Salesforce Ventures1 shared
Andreessen Horowitz1 shared
Incharge Capital Partners1 shared
Meritech Capital1 shared
Prysm Capital1 shared
Accel1 shared
Last updated: 7 October 2026