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At a Glance

Check Size
$250 – $1
Stage
Pre-Seed, Seed, Series A
Sectors
Climate, Enterprise, Deeptech +1
Founded
2016
HQ
London, United Kingdom

About InMotion Ventures

InMotion Ventures is the investment arm of JLR (formerly Jaguar Land Rover), the British carmaker wholly owned by Tata Motors since 2008. It launched in 2016 and is based in London. JLR describes it as a core part of its Open Innovation program, which supports the company's Reimagine strategy to become an electric-first business and reach carbon net zero across its supply chain, products and operations by 2039.

The unit invests globally across climate, industrial and enterprise technologies at the application, infrastructure and deep tech levels. After an overhaul in 2022 and 2023, it shifted toward pre-seed and seed: Global Corporate Venturing reported that most of the 11 companies it backed after February 2023 were at those stages, with typical checks of £250,000 to £1 million. It still participates in later rounds, such as a $2 million extension of Cyclic Materials' Series B in January 2025. Its portfolio includes Circulor, Ascend Elements, Uncaged Innovations, EV.energy, ChipFlow, Verax AI, Envisics, Carmoola and Zeelo, and an early stake in Lyft was exited in 2019.

The unit's distinguishing feature is how closely each deal is tied to JLR. Every investment is sponsored by a JLR business unit, and Global Corporate Venturing's 2026 Powerlist reported that 90 percent of portfolio companies engage with JLR, rising to 100 percent for investments made since 2022, while 30 percent hold full commercial agreements. Examples include EV.energy's smart charging software piloting on JLR's I-PACE fleet and Uncaged Innovations working with all four JLR brands on interior materials. The unit is also relaunching JLR's venture clienting program and extending into an open innovation hub in Bengaluru.

Investment Thesis

“InMotion Ventures says it invests in early-stage startups addressing enterprise challenges across three verticals: climate, industrial and enterprise technology, tied to JLR's future value chain. Managing director Mike Smeed has argued that the value it brings to startups, and to JLR, is greatest at pre-seed and seed, because JLR is already testing vehicles for 2028 and 2029 and the venture team must look further ahead to 2030 and 2040 trends. The unit offers R&D, automotive design and testing expertise and the endorsement of the JLR brand, which it says matter more to founders than check size. It sources through accelerators, university spinouts and seed funds, focusing on the UK, Israel and the US.”

Sector Focus

Investment Stage

Notable Portfolio Companies

CCirculor
AAscend Elements
UUncaged Innovations
EEV.energy
CCyclic Materials
CChipFlow
VVerax AI
EEnvisics
CCarmoola
ZZeelo

Key Team (2)

M

Mike Smeed

Managing Director

S

Sam Nasrolahi

Principal (as of 2022)

Fund History

InMotion Ventures invests JLR capital as a corporate venture arm; no fund size or committed capital figure has been disclosed. It launched in 2016 and invested across autonomy, connectivity, electrification, sustainability, fintech and intelligent enterprise before a 2022 to 2023 reorganization narrowed its focus. Global Corporate Venturing reported 11 new investments in the period after February 2023 and, in its 2026 Powerlist, a portfolio of 25 companies after 11 new deals in the prior year. The unit's own site shows about 23 portfolio companies. Smeed has said the unit is also considering investing in pre-seed and seed funds to build co-investment and follow-on relationships.

Frequently Asked Questions

What stage does InMotion Ventures invest at?

InMotion Ventures primarily invests at the Pre-Seed, Seed, Series A stages. This means they focus on companies that are at the earliest idea or prototype phase.

Where is InMotion Ventures located?

InMotion Ventures is headquartered in London, United Kingdom. Many of their portfolio companies are also based in this region, though they invest across geographies.

What sectors does InMotion Ventures focus on?

InMotion Ventures focuses on investments in Climate, Enterprise, Deeptech, AI. Their portfolio reflects deep expertise and networks within these sectors.

What is InMotion Ventures's typical check size?

InMotion Ventures's typical investment check size ranges from £250K to £1M. Actual amounts may vary based on the stage, sector, and specific opportunity.

Fund Operations Resources

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