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Chris Thomas has been gauging the future of mobility for a long time. Now the partner with the Assembly Ventures VC sees a different picture.

This week, the transportation newsletter focuses on robotaxi problems in San Francisco, Vinfast's crazy first week on Nasdaq and the IRA.

A year ago, President Biden signed the Inflation Reduction Act, a law loaded with incentives for climate tech and designed to encourage companies like automakers to bring manufacturing back to the United States. The battery factory trend might have started before the IRA was signed, but the law has helped accelerate the ramp. ElectraMeccanica, previously the maker of the three-wheeled Solo EV, is merging with electric truck startup Tevva, and the whole deal makes me wonder if there's a place for such tiny autocycles in the U.S.

Assembly Ventures, the pioneering transatlantic venture capital platform specializing in early-stage investments across the mobility sector

Assembly Ventures' closing of its inaugural fund is a bright spot amid headwinds in the overall global venture market.