Laurent Rossi, Ex-Alpine Formula 1 Team Boss, Joins AI-Focused Vektor Partners
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Laurent Rossi, a prominent figure in the automotive and technology sectors and former boss of the Renault SA-backed Alpine Formula 1 team, has joined Vektor Partners as a partner and advisory board member. Vektor Partners, a venture capital firm based in London, specialises in early-stage investments in the mobility technology sector, focusing on AI, machine learning, and data-driven business models.
A Storied Career in Automotive and Technology
Rossi began his career at Renault, where he gained significant experience in the automotive industry. He later moved to Alphabet Inc.'s Google, managing commercial relationships with automotive clients. His strategic expertise flourished during this period, leading to his return to Renault. At Renault, Rossi became the chief strategy officer and eventually led the specialist sports brand Alpine as CEO, where he demonstrated his capacity for driving innovation in competitive environments.
Vektor Partners: A Deep Tech Investment Firm
Founded in 2020, Vektor Partners is dedicated to investing in startups revolutionising the mobility sector. With a fund size of €60 million, expanding to €125 million by 2024, the firm invests in pre-seed to Series A companies, typically between €1 million and €5 million per investment. Their portfolio includes companies like NoTraffic, an AI-driven traffic management platform, and Compredict, which uses AI to predict vehicle health and maintenance needs. Vektor Partners also led a $17.5 million Series A funding round for AEye, a LiDAR technology company that went public in August 2021.
Why Rossi Chose Vektor Partners
Rossi’s decision to join Vektor Partners is driven by the firm's focus on deep tech and mobility innovations, areas where he has extensive experience. The firm aims to transform the mobility landscape through AI and software solutions, and Rossi’s expertise is expected to play a crucial role in achieving these goals.
Laurent Rossi's move to Vektor Partners marks an exciting chapter for both the executive and the venture capital firm. Together, they aim to drive technological advancements and sustainability in the global mobility sector, leveraging AI and deep tech to create impactful solutions for the future.
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