And “more accessible” means companies that focus on micromobility and mass transit, according to Brennan. Fausto manufactured trucks for Independent & Thunder and was also involved with Thrasher, Deluxe and many other iconic San Fransisco skate brands. Ermico was a manufacturer founded by Fausto Vitello. Because we are at the beginning of a decade for zero-emission transportation, “cleaner” looks like batteries and charging, electric and hydrogen vehicle platforms and last-mile logistics. Venture Trucks first hit the market in the 1980’s and were the third brand to come out of the Ermico camp. “Safer” companies that Trucks VC looks to invest in might focus on automated vehicles, driver monitoring or vehicle maintenance and improvements. “Our mission is to fund companies making transportation safer, cleaner and more accessible,” Reilly Brennan, general partner at Trucks VC, told TechCrunch. The VC’s new follow-on fund, Trucks Growth Fund, will provide later-stage capital to some of the most promising companies already in Trucks’ portfolio. Unlike other skateboard companies that try to do it all, Venture focuses mainly on skateboard trucks because they know it’s the most important component for skateboard. The fund is backed by three auto OEMs and three auto suppliers that make everything from bicycles to Class 8 big rig trucks, as well as one communications company, according to Trucks VC. Known in the industry for their commitment to designing, manufacturing, and distributing the best skateboard trucks, Venture was founded in the 1980s. Its new core fund, Trucks Venture Fund 2 (TVF2), was raised over the last year and recently closed on $52,525,252. Trucks Venture Capital, a fund that focuses on early-stage entrepreneurs in transportation, is launching two new funds that it says will help build the future of transportation.
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