# Maniv Mobility III Closes $128 Million Amid Micro-Mobility Headwinds
**Published:** 2023-12-25
**Source:** https://www.startuphub.ai/ai-news/investor-news/2023/maniv-mobility-iii-closes-128-million-amid-micro-mobility-headwinds
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As the mobility and micro-mobility sector grapples with strong headwinds, evidenced by Bird Mobility's recent Chapter 11 [bankruptcy](https://techcrunch.com/2023/12/20/bird-bankruptcy/), VC firm Maniv Mobility has rallied investor confidence, successfully closing its third venture fund, Maniv Mobility III, at $127.5 million. The fund size grew commitments by $22.5 million since its first closing in [June](https://www.sec.gov/Archives/edgar/data/1890654/000189065423000001/xslFormDX01/primary_doc.xml) this year.








Maniv Mobility was founded in 1997 by Granoff. With a portfolio spanning 34 startups, the firm invests globally, from autonomous ADAS to rentable scooters, semiconductors, hydrogen fuel cells and automotive cyber security. By and large; deep tech.






Amid the market volatility, Maniv Mobility's investment pace hasn't wavered. Focused on Seed and Series A stages, investments from Maniv Mobility III already total three startups, such as Israel-based [NeoLogic](https://www.startuphub.ai/processor-technology-startup-neologic-secured-8-million-seed-funding-to-transform-computing-at-the-advent-of-the-ai-era/), Harbinger Motors, and Vammo. Vammo is a São Paulo-based startup that specializes in electric motorcycle battery swapping.






With five portfolio exits, their predecessor funds indeed have some DPI to show. But the post-IPO performance of Arbe and Otonomo ($525 million and $1.4 billion IPO valuation, respectively) fall short of the characterization of enduring success. Otonomo was subsequently acquired in a reverse merger transaction by Urgently. Now, the combined entity trades at a market capitalization of $32 million, 98% below its SPAC IPO deal valuation. Meanwhile, Autotalks' sale to Qualcomm was denied by regulators.








Maniv's second fund was backed by a consortium of corporations, including Aptiv, BMW, Hyundai, Lear Corporation, alongside family offices and institutional investors. According to their SEC filing, 54 investors committed to the third fund.
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Original analysis from [startuphub.ai](https://www.startuphub.ai), the #1 AI startup directory.