FM Capital Fuels Mobility Innovation with Record Fund

FM Capital, a transportation-focused venture firm, has raised an impressive — and oversubscribed — $240 million for its fourth venture fund. This milestone strengthens their position as a key player in transforming the automotive tech, transportation and mobility sectors.

With a portfolio that includes CTA members like Aurora Labs and Gatik, FM Capital is backing early to mid-stage companies across retail automotive tech, autonomous systems and connected vehicle technologies.

Thanks to this investment and a strong industry network, FM Capital is giving founders the tools and confidence they need to think big and scale rapidly.

Aurora Labs Joins AWS ISV Accelerate Program, Launching Global Reach

Aurora Labs, creator of LOCI, an AI-powered observability and performance platform, has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program — a prestigious co-selling program designed to support ISVs who build and sell software solutions that run on or integrate with AWS.

Founded in 2016, Aurora Labs has become the domain expert in ML, NLP and performance tuning. Their flagship Large Code Language Model (LCLM) powers advanced workload analysis for embedded systems, AI infrastructure and even automotive software, where they apply their Line-of-Code Intelligence™ technology. 

Through this new partnership, Aurora Labs gains access to AWS’s global customer base, scaling their impact across industries that drive innovation forward.

Want insights into the vehicle tech market? Discover in-vehicle connectivity and value among consumers in CTA’s latest study — complimentary for CTA members.

Gatik and Isuzu to Mass Produce Autonomous Trucks with NVIDIA Tech

In a groundbreaking move for autonomous logistics, Gatik has partnered with Isuzu to mass-produce medium-duty driverless trucks — marking one of the first OEM-level autonomy collaborations to enter full-scale manufacturing.

These vehicles will feature NVIDIA’s DRIVE AGX platform, delivering 1000+ trillion operations per second on a safety-certified OS. The result? A robust, redundancy-rich system covering braking, steering, sensor fusion and AI decision-making. This collaboration could support mega clients like Walmart, Kroger and Tyson Foods. 

To meet demand, Isuzu is building a new production facility in South Carolina, aiming to manufacture 50,000 annual units — initially electric, gas and diesel — by 2030. The facility will employ 700 people by 2027, bolstering economic growth in Greenville County.

With backed groundbreaking hardware, manufacturing agility and a steady market, this collaboration will launch us into the future of autonomous logistics.

CTA continues to advocate for innovation-first transportation policies, but state legislation like Nevada’s Senate Bill 295, which proposes requiring human drivers in every autonomous truck, threatens our autonomous driving future. Gary Shapiro, CTA’s CEO and Vice Chair, recently weighed in on the bill's potential industry impact.