Trucks Growth Fund | AngelList
Trucks Growth Fund
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Trucks Growth Fund

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Subscription Amount
$10,000+ Quarterly
Subscription Period
1 Quarter
Management Fee
2%
Carry
20-30%
Admin Fee
0.15% of contributed capital
Invest Account
Select invest account

Note from Trucks Growth Management LLC

Known as the No.1 early-stage fund focused on transportation technology by Pitchbook and praised by Evercore as ‘the best at picking tomorrow’s transportation startups,’ Trucks funds the entrepreneurs building the future of transportation. The new Trucks Growth Fund invests in the later rounds of our portfolio companies from the Trucks Venture Capital core funds. Trucks evaluates over 1,000 new transportation startups per year, and makes 6-8 new investments from its core seed funds every 12 months. 

We are the most experienced and most invested transportation venture fund in the world. We know and love transportation and have the ability to connect with experts and leaders across the industry. At a partner level, we have unique capabilities for which we are quite proud. Jeff Schox (GP) is the top patent attorney for early-stage startups (his firm Schox Patent Group wrote the patents for some of the most iconic startups in the last decade, including Coinbase, Cruise, Dropbox, Duo, Instagram, Joby, Plaid, and Twilio). Kathryn Schox (GP) is a core part of our team that assesses founders, team dynamics and helps clarify messaging. She’s also a cultural anthropologist, has been at the forefront of developing team dynamics in startups and has championed greater diversity within the automotive ecosystem. Reilly Brennan (GP) is widely followed and the now famous FoT newsletter is read by CEOs and leaders at the major car companies, banks and governments. Puneeth Meruva (Senior Associate) is a key part of our team that helps us with technical assessment of new companies and new ideas and previously worked at Uber and BMW.

Trucks Growth Fund intends to invest in roughly 1-2 companies on a quarterly basis based on the best opportunities of our portfolio companies. While Truck Growth Fund will not be leading the round, we have been given preferential treatment to participate because of our strong relationship with the founders as their early (and often first) investor. 

See our full note, which includes more details on our deal flow, selection process, strategy and disclosures. 

The investments and returns data accessible via external links may include investments made off of the AngelList platform. As such, AngelList has not taken any action to verify such data and makes no representations as to its accuracy or completeness. All investment value estimates and return multiples are calculated net of any fees, expenses or carry. The outcome for any unrealized investment is highly uncertain. Past performance is not indicative of future returns. The companies and venture partners featured in this note and accessible via external links were selected due to their notoriety in the startup and venture capital community. This list is provided for illustrative purposes only and is not an exhaustive list of all investments made or involving the Fund Lead. A full list of the Fund Lead’s investment history will be made available upon request.

Jeff, Reilly, Kathryn, and Puneeth

Investment Details

Subscription Start Date
January 1, 2023
Minimum Quarterly Subscription
$10,000
Management Fee
2% per annum over each fund's 10-year life, payable quarterly over the first four years
Carry
Twenty percent (20%), with an increase to thirty percent (30%) after the fund realizes a 3.0x return
Admin Fee
0.15% of contributed capital