Leitmotif, a new venture firm, has funded approximately 20 startups focused on decarbonization, primarily supported by a $300 million investment from Volkswagen Group. The firm aims to create a transatlantic fund that bridges European industrial interests and the US innovation ecosystem. Managing partners Matt Trevithick and Jens Wiese emphasize the importance of technology in driving progress and believe that this is an opportune time for investment in hardware-focused startups. Despite market challenges, Leitmotif seeks to grow and attract more funding for future ventures.
"Technology has always been a driver of human progress, and I think the United States is about to supercharge that. I think the next several years are about to produce a number of technical capabilities in the United States that the rest of the world will marvel at."
"Despite that turmoil, Wiese ... said the overarching goal of the new firm is to create a bridge between the European industrial establishment and the US innovation ecosystem."
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