TLDR:
- FM Capital, a venture capital firm focusing on automotive and transportation technology, announced that Holman has acquired a minority stake in the company.
- FM Capital’s investment focus includes software supporting dealership operations, aftermarket services, autonomy and sensors, connectivity, electrification, and energy transition technologies.
FM Capital, a venture capital firm specializing in early-to-mid stage automotive and transportation technology companies, has announced that Holman, a global automotive services company, has acquired a minority interest in the firm. This acquisition marks the first time that an integrated automotive services organization has acquired a general partner interest in an automotive VC.
FM Capital’s investment focus encompasses various transportation technologies, such as software supporting dealership operations, aftermarket services, autonomy and sensors, connectivity, fleet management, electrification, and energy transition. The firm partners with teams that are revolutionizing the movement of people and goods and redefining transportation services delivery and consumption.
Holman, as a leading provider of automotive services, offers fleet management, leasing, commercial vehicle equipment manufacturing, powertrain distribution, logistics services, insurance, risk management, and venture capital funding. The company also operates one of the largest privately owned dealership groups in the United States.
The collaboration between FM Capital and Holman has been ongoing for nearly a decade, with both companies recognizing the significant opportunities in the automotive industry transformation. By aligning their expertise and resources, the partnership aims to identify, fund, and scale innovative automotive technologies that address industry challenges and drive innovation.
The investment from Holman signifies confidence in FM Capital’s vision, team, and capabilities to scale transformative companies. The partnership is expected to create valuable opportunities for portfolio companies and limited partners through Holman’s network and resources.
