Ground transportation-focused Autotech seeks $225 mln for second fund

Menlo Park, California-based Autotech Ventures, is seeking to raise $225 million for its second fund, according to a regulatory filing. The firm said last year it raised $120 million for its inaugural fund. The firm is headed up by Managing Directors Alexei Andreev, Quin Garcia and Daniel Hoffer. Autotech Ventures focuses on connected, autonomous, shared and electrified vehicles and related mobility services. Portfolio companies include Lyft, Outdoorsy, Volta, DeepScale and Work Truck Solutions.