Investment Thesis
Our conviction: autonomous mobility is the defining technology transition of the next decade, and the value chain extends far beyond the vehicle itself.
Autonomous mobility is transitioning from research to commercial reality. Driverless taxis are already operating in select cities, and the industry is entering a phase of rapid scaling. We believe this represents one of the largest technology shifts of our generation, comparable to the advent of the smartphone or the automobile itself.
Our thesis is built on a simple observation: the robotaxi is only the visible tip of a much larger ecosystem. The true investment opportunity spans the full stack, from perception sensors and compute chips to AI models, fleet operators, charging infrastructure, and the mobility platforms that orchestrate rides. Each layer is a multi-billion-dollar market in its own right.
We invest across this entire value chain rather than betting on a single company or technology. This diversified approach captures value no matter which specific players win, because the entire ecosystem must grow for any one participant to succeed.
We focus on being early, focused, and long-term. The autonomous revolution will unfold over years, not quarters. We position capital ahead of the inflection points and maintain conviction through the inevitable cycles of hype and disappointment that accompany any transformative technology.