[May 02, 2023]

Trousdale Ventures Strengthens Senior Team with Renowned Mobility Industry Leader

Trousdale Ventures, LLC., a leading privately-held investment firm (www.TrousdaleVC.com), today announced the strategic appointment of Hinrich J. Woebcken, a respected automotive and technology industry veteran, as it bolsters its senior leadership in line with the firm's expansion.

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Hinrich Woebcken, former CEO of Volkswagen Group of America, joins Trousdale Ventures as General Partner (Photo: Business Wire)

Woebcken will assume the role of General Partner at Trousdale Ventures, working closely with the firm's mobility portfolio companies, including Meyers Manx, the iconic dun buggy brand being relaunched as an all-electric vehicle. Additionally, Woebcken will serve as an advisor for portfolio companies such as CesiumAstro, a pioneering satellite technology firm. With 30 years of experience in the automotive, truck, and manufacturing industries, including a decade at the BMW Group and as the former President and CEO of Volkswagen Group of America, Woebcken brings invaluable expertise and leadership to the table.

"I am excited to join the forward-thinking team at Trousdale Ventures and contribute to their mission of driving innovation and sustainability," said Hinrich Woebcken. "Together, we will shape the future of mobility, technology and more, creating a positive impact on our world."

Phillip Sarofim, Founder and Managing Partner of Trousdale Ventures, expressed his enthusiasm for Woebcken's appointment, saying, "We are thrilled to welcome such a highly-regarded industry leader to our firm. Hinrich's expertise will be instrumental in advancing our commitment to investing in the future of mobility, productivity and sustainability."

Trousdale Ventures boasts an investment portfolio of over 150 companies across diverse sectors including space and mobility, climate tech and technology-driven health and wellness. The firm distinguishes itself by providing capital to cutting-edge companies with robust IP assets that incorporate planet positive practices.

About Trousdale Ventures LLC: Trousdale Ventures, LLC is a privately held investment firm led by founder and CEO Phillip Sarofim. Its portfolio of groundbreaking companies improves quality of life by fueling advances in space and mobility, climate tech and technology-driven health and wellness. Trousdale Ventures seeks to overcome barriers in the fields of health, productivity and sustainability by democratizing wellness and accelerating innovation. For more on Trousdale Ventures, LLC visit (www.trousdalevc.com).

Visit Trousdale Ventures, LLC at (www.trousdalevc.com).

View source version on businesswire.com: https://www.businesswire.com/news/home/20230502006144/en/

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