A VC known as 'the Bus King' explains how he found an undiscovered industry and made a lot of money

A VC known as ‘the Bus King’ explains how he found an undiscovered industry and made a lot of money While other transportation-focused VCs prefer flashy sectors such as self-driving cars and micromobility, Daniel Hoffer, a managing director at Autotech Ventures, focuses on something decidedly less futuristic. “I’ve been nicknamed ‘the Bus King,”‘ Hoffer said proudly. The company announced plans to go public via a $1.5 billion SPAC merger earlier this year, and Hoffer said SWVL was a poster child for the growth that was possible in the industry. “It is certainly not a place where any of us normally look for venture investments, but I knew the space well enough to feel pretty high conviction.” This year, Autotech invested in BusUp’s Series A, a global commuter-shuttle platform in Barcelona — not to be confused with Bus.com, a service in Montreal to book charter buses to festivals and sporting events that Autotech invested in in 2018. “Lime is symptomatic of many companies in the space in that they spend heavily and unprofitably, and you can only do that for so long before it catches up with you,” Hoffer said.

source