About Honda Innovations
Honda Innovations, an accelerator and incubator program founded in 2015, is based in Mountain View, United States. With a presence in 5 countries, it has supported around 16 startups in sectors like High Tech, Auto Tech. As of Apr 2026, Honda Innovations has witnessed 6 portfolio exits. Most notable companies in
its portfolio include Grab, SoundHound and SES Technologies. The program is backed by a team of 14 people who primarily support Series B startups based in United States. Its latest investment was a $23.5M Series B round in Sonocharge Energy on Jan 23, 2025, which also saw participation from Cycle Capital and Honda.
Key Metrics
Founded Year
2015
Location
Mountain View, United States
Portfolio Companies
Stages of Investment
Series A, Series B & 3 more
Locations of Investment
Honda Innovations' List of Top Investments
Honda Innovations has a portfolio of 16 companies. Their most notable investments are in INERATEC and SiLC Technologies.Their portfolio spans across United States, Germany, Israel and 2 more locations. They have invested in High Tech, Auto Tech, Enterprise Applications and 12 other sectors, across stages such as Series A, Series B and 3 more. Here is the list of top investments by Honda Innovations:1. Grab
Operator of a platform providing ride-hailing, food delivery, and payment services. The platform offers options for transportation, on-demand delivery, and various financial solutions. It facilitates connections between consumers, drivers, and merchants. The platform also provides tools and resources for business and enterprise clients.
Key facts about Grab
- Founded Year: 2012
- Location: Singapore (Singapore)
- Annual Revenue: 3.37B SGD as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $10.4B
- Employee Count: 55,021 as on Mar 31, 2026
- Investors: Toyota, Glean Management and 104 Others
- Latest Funding Round: Post IPO, Jul 27, 2021, $*****
- Highlight: Public

2. SoundHound
Provider of cloud and AI-based sound recognition solutions for multiple applications. It is a mobile application for consumers to search and discover music via voice control. The engine is based on its proprietary technologies speech-to-meaning and deep meaning understanding, it allow users to ask multiple questions and filter results. Features include natural language understanding, speech recognition, audio and music identification, multi-lingual text-to-speech, and more. It offers applications for iOS and Android users.
Key facts about SoundHound
- Founded Year: 2005
- Location: Santa Clara (United States)
- Annual Revenue: $67.8M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $191M
- Employee Count: 746 as on Mar 31, 2026
- Investors: Global Catalyst Partners, Nomura and 24 Others
- Latest Funding Round: Post IPO, Feb 22, 2024, $*****
- Highlight: Public
Developer of Li-Metal batteries and AI-powered battery management solutions. The company focuses on electric transportation applications, including electric vehicles, urban air mobility, and drones. It offers hardware products and software solutions for battery material discovery and safety. The company's technology aims to improve battery performance and predict battery health.
Key facts about SES Technologies
- Founded Year: 2012
- Location: Woburn (United States)
- Annual Revenue: $2.04M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $336M
- Employee Count: 174 as on Mar 31, 2026
- Investors: Temasek, Vertex Holdings and 16 Others
- Latest Funding Round: Grant (prize money), Feb 08, 2023, $*****
- Highlight: Public
4. Helm
Developer of AI-first software for advanced driver-assistance systems and autonomous driving. The company provides comprehensive artificial intelligence solutions for real-time deployment, offline training, and validation. It builds artificial intelligence models using unsupervised learning methods and generative artificial intelligence. The company's technology enables continuous improvement of autonomous driving software for mass production.
Key facts about Helm
- Founded Year: 2016
- Location: Menlo Park (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $124M
- Employee Count: 89 as on Feb 28, 2026
- Investors: Sound Ventures, One Way Ventures and 28 Others
- Latest Funding Round: Series C, Dec 19, 2022, $*****
- Highlight: Editors' Pick
Provider of 4D vision sensing solutions. Its product utilizes frequency modulated continuous wave technology to serve the consumer, industrial, robotics and security applications. Its sensing solution uses coherent light detection technology enabling low power operation and simultaneous measurement of instantaneous velocity. It caters to telecom and data-center applications with a primary application in range-extended eye-safe integrated LiDAR applications.
Key facts about SiLC Technologies
- Founded Year: 2018
- Location: Monrovia (United States)
- Stage: Series B
- Total Funding till date: $78.6M
- Employee Count: 43 as on Jul 01, 2024
- Investors: Dell Technologies Capital, Alter Venture Partners and 16 Others
- Latest Funding Round: Series B, Sep 10, 2024, $*****
- Highlight: Editors' Pick
Honda Innovations' Year-on-Year Investment Trends
Honda Innovations has invested in 16 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Sonocharge Energy and most recent follow-on round was in Helm.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 3 | 0 | 3 |
2023 | 3 | 0 | 3 |
2022 | 2 | 1 | 3 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
2018 | 1 | 0 | 1 |
Honda Innovations' Investments by Stage
Honda Innovations has made 5 investments in Series A stage with an average round size of $29.1M, 3 investments in Series B stage with an average round size of $26.8M, 2 investments in Seed stage with an average round size of $12M, 2 investments in Series C stage with an average round size of $60.8M and 1 investment in Series F stage with an average round size of $750M.Stage of entry | No. of Investments |
|---|---|
Series A | 5 |
Series B | 3 |
Seed | 2 |
Series C | 2 |
Series F | 1 |
Note: We have considered here, only first round of investments
Honda Innovations' Investments by Sector
Honda Innovations has a diverse portfolio, with companies operating in the High Tech, Sustainability Tech, Auto Tech, Energy Tech and Environment Tech. Notably, it has invested in 14 Enterprise (B2B) companies, 14 Tech companies, 5 Software companies and at least 4 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
High Tech | 8 |
Sustainability Tech | 6 |
Auto Tech | 5 |
Energy Tech | 5 |
Environment Tech | 5 |
Others | 18 |
Note: We have considered here, only first round of investments
Honda Innovations' Investments by Geography
Honda Innovations has made most investments in United States (6), followed by Germany where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 6 |
Germany | 4 |
Israel | 1 |
Japan | 1 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Honda Innovations' recent investments
Honda Innovations has not made any investment in 2026 so far.Here are the most recent investments by Honda Innovations:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 23, 2025 | United States | Series B | 5298 | [+3] | |
Nov 12, 2024 | Germany | Seed | 8779 | [+5] | |
Sep 13, 2024 | Germany | Series A | 3770 | ||
Sep 10, 2024 | United States | Series B | 5897 | - | |
Oct 30, 2023 | United States | Series C | 6190 | [+9] |
IPOs and Publicly Listed companies in Honda Innovations' Portfolio
3 of Honda Innovations' portfolio companies have become public. SoundHound got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Apr 2022 at marketcap of $1.41B and SES Technologies got listed on the New York Stock Exchange (NYSE).Here are Honda Innovations' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 28, 2022 | - | - | 8092 | |
Feb 04, 2022 | - | - | 3540 | |
Dec 01, 2021 | Sep 20, 2016 | Series F | 6918 |
Acquired companies in Honda Innovations' Portfolio
3 companies from Honda Innovations' portfolio have been acquired. The most recent acquisition was DeepMap in Jun 2021 by Nvidia for $*****.Here are Honda Innovations' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 10, 2021 | Jan 10, 2018 | Series A | 6492 | |
Jan 25, 2021 | Mar 05, 2019 | Series C | 8132 | |
Oct 07, 2019 | 2015 | Seed | 9295 |
Team profile of Honda Innovations
Honda Innovations has a team of 14 members including 5 Partners, 1 Venture Partner and 6 Principals located in United States, Japan and 1 more location. Honda Innovations' team does not sit on the board of any company as of now.Here is a list of top team members in Honda Innovations:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mountain View | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | United States | - | ||
Partner | Japan | - | ||
Venture Partner | Berlin | - | ||
Principal | Mountain View | - | ||
Principal | Germany | - | ||
Principal | Tokyo | - | ||
Principal | Mountain View | - | ||
Principal | Tokyo | - |
Co-investors of Honda Innovations
Over the past 11 years, 176 investors have co-invested in Honda Innovations's portfolio companies. This includes funds and angels.
- Invested before Honda Innovations: Extantia, Possible Ventures and 88 others have invested in rounds before Honda Innovations. There are 2 companies where Extantia has invested before Honda Innovations and 2 companies where Possible Ventures has invested before Honda Innovations.
- Top Co-investors of Honda Innovations: 26 investors entered a company along with Honda Innovations. These include investors like SoftBank Group (1 company).
- Invested after Honda Innovations: A total of 60 investors have invested in Honda Innovations's portfolio after their investments. Top Investors include MUFG Innovation Partners (1 company) and TIS (1 company).
Recent News related to Honda Innovations
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Honda Xcelerator Ventures Welcomes Sonocharge Energy To Its PortfolioHonda Innovations•Jan 22, 2025•Honda Innovations, Sonocharge Energy, Cycle Capital, Khosla Ventures and 2 others
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Honda Xcelerator Ventures Invests in tozero in Seed FundingHonda Innovations•Nov 12, 2024•Honda Innovations, tozero, NordicNinja, JGC Holdings Corporation and 6 others
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Honda Xcelerator Ventures Invests In Reverion In Series A FundingHonda Innovations•Sep 13, 2024•Reverion, Honda Innovations, Energy Impact Partners, Europa and 11 others
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Seurat Technologies secures $99 million in Series CStartbase•Nov 01, 2023•Seurat, nVentures, Capricorn, NVentures and 17 others
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Honda Advances its Global Open Innovation Initiative with New VC PartnersHonda of Lincoln•Dec 05, 2018•Honda Innovations, 360 Capital Partners, SOSV, Yunqi Partners and 1 other
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Honda Innovations launches start-up collaboration programme in Europehondanews.eu•Nov 09, 2017•Honda Innovations

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