Funding round
Forum Mobility Series A
Forum Mobility, which works in zero-emission freight solutions in United States, raised $15M in a Series A round announced on 17 Jan 2023, led by CBRE Investment Management. 7 firms took part. It is Forum Mobility's second venture round on record; the one before was a Seed in Dec 2021.
$15M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Forum Mobility did not disclose a valuation in this round. It came 13 months after Forum Mobility's Seed. It is 67% of the $23M Forum Mobility has raised in the venture rounds on record. No later venture round is on record for Forum Mobility.
Forum Mobility's funding rounds
Forum Mobility has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 6 Dec 2021, led by Obvious and Homecoming Capital $7.5M
- Other not a venture round 17 Jan 2023, led by CBRE Investment Management $400M
- Series A this round 17 Jan 2023, led by CBRE Investment Management $15M
Investors
Who put money in
CBRE Investment Management led the round with 6 other firms.
Lead investor
- CBRE Investment Management new investor
Also in the round
- Amazon's Climate Pledge Fund new investor
- backs 3 venture-backed companies new investor
- backs 77 venture-backed companies new investor
- Edison International new investor
- backs 22 venture-backed companies new investor
- Elemental Excelerator new investor
Comparable rounds
How it compares
11 Series A rounds in Automobile Dealers & Manufacturers within a year either side disclosed an amount; the median was $50M, and this round was 30% of the median. The closest in time, other companies' Series A rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automobile Dealers & Manufacturers | 1 Jan 2023 | $62M | not disclosed | not named |
| Zeekr Automobile Dealers & Manufacturers | 13 Feb 2023 | $750M | $13.00B | not named |
| Automobile Dealers & Manufacturers | 7 Nov 2022 | $52M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 19 Oct 2022 | $9.0M | $38M | Vertex Ventures SEA and Vertex Ventures |
| Automobile Dealers & Manufacturers | 30 Sep 2022 | $50M | $244M | Neuman & Esser and Ballard Power Systems |
| Automobile Dealers & Manufacturers | 14 Sep 2022 | $50M | $250M | Neuman & Esser and Ballard Power Systems |
| Automobile Dealers & Manufacturers | 1 Aug 2022 | undisclosed | $4.40B | Bank of Communications Capital Management |
| Farizon Auto Automobile Dealers & Manufacturers | 20 Jul 2023 | $600M | not disclosed | Boyu Capital and Yuexiu Industrial Fund |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Forum Mobility raise in its Series A round?
Forum Mobility raised $15M in its Series A round, announced in Jan 2023.
Who led Forum Mobility's Series A round?
CBRE Investment Management led it, with Amazon's Climate Pledge Fund, Homecoming Capital, Obvious, Edison International and Overture and 1 more.
What was Forum Mobility's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Automobile Dealers & Manufacturers?
11 Series A rounds in Automobile Dealers & Manufacturers within a year either side disclosed an amount; the median was $50M, and this round was 30% of the median.