CVC

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InMotion Ventures

GBUSILDEOtherClimateDeep TechEnterpriseB2B SaaSAI/MLDevtoolsCybersecurityOther

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Investment thesis

InMotion Ventures is the corporate venture capital arm of JLR (Jaguar Land Rover), investing globally from Pre-seed to Series A in Climate, Industrial, and Enterprise technologies critical to accelerating JLR's Reimagine strategy. The fund deploys up to £2M in early-stage businesses to support market and product validation, offering founders a unique combination of patient capital, domain expertise, operational experience, and direct partnership opportunities with JLR and the broader Tata Group. Over 90% of the portfolio is actively engaged with JLR, and the fund operates as an off-balance-sheet evergreen subsidiary — meaning it is not constrained by traditional fundraising cycles and can take a long-term view on innovation.

Notable quotes

“CVC is a proper thing, not a hobby for companies, it's actually about creating financial and strategy value for companies, and a fantastic example of how corporates adapt to the changes in the external environment.”

Mike Smeed · Tech.eu – 'Why startups are turning to CVCs like InMotion Ventures amid shifting VC dynamics' · 2025-01-21

“For us to get ahead of the game and to add value, and surprise and delight the teams that work in JLR, our role needed to get ahead of them. That's where pre-seed and seed investing really came from and the recognition that the value that we can add to startups and the value that we can bring to JLR comes at that much earlier stage.”

Mike Smeed · Global Venturing – 'Pre-seed investing is where the value is'

“Fund One was exploration. Fund Two, beginning in 2022, was about integration. We reset the thesis, changed almost everything, and made sure our investments were directly tied to JLR's future. I'm proud that 100% of the 12 companies we've backed since the start of 2023 are working with JLR in some way.”

Mike Smeed · Corporate Venturing Insider – Episode #110, Interview with Mike Smeed · 2025-07-21

Team

Edouard Chavassieu

Associate

ClimateDeep TechEnterprise

Louis Fearn

Principal

Climate

Maria Levin

Investment & Scouting Lead

ClimateDeep TechEnterprise

Mike Smeed

Managing Director

ClimateDeep TechEnterpriseAI/ML

Sam Nasrolahi

Principal

EnterpriseDeep TechAI/ML

William Morgan

Investment & Scouting Lead, North America

ClimateDeep TechEnterprise

Recent investments

CompanyRoundSizeDate
BeyondMathSeed$10m2026-02-25
MattaSeed$14m2025-12-10
ParableSeed$11m2025-09-02
BumperSeries B—2025-08-13
EnvisicsSeries C$50m2023-01-01
Ascend ElementsSeries B—2021-01-01
CirculorSeed—2020-01-01
ev.energySeries B—2023-01-01
ChipFlowSeed—2022-01-01
ZeeloSeed—2017-01-01

Frequent co-investors

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