Robert Wetzel was the founder and has been the head of Enterprise Holdings Ventures (EHV), the corporate venture capital group of car rental and fleet management company Enterprise Holdings, since 2015.
As the parent company’s vice-president of corporate development, Wetzel is also responsible for mergers and acquisitions (M&A) activity and strategic partnership activities. To date, Wetzel and his team have conducted acquisitions, corporate venture investments and limited partner investments in VC funds worth more than $3bn. Enterprise Holdings Ventures has made over $225m in capital investments or commitments to date.
EHV was launched in 2015 in response to the rapidly evolving mobility industry and growing digitisation of the economy. The unit’s current focus in on mobility, travel technology, fleet management and logistics, customer experience, as well as autonomous and electric vehicle (EV) technology.
Among Enterprise Holdings Ventures’ exits to date are Israel-based driver assistance system Mobileye, which was sold to microchip maker Intel in 2017, and Deliv, a same-day delivery service which was acquired by retailer Target in 2020.
Some of the other EHV portfolio companies include Booster Fuels, a mobile fuel delivery company; Coolfire, a situational-awareness technology platform; Quanergy, an affordable smart LiDAR company for automotive and IoT application; and Deem, a managed travel technology platform which was acquired by Enterprise Holdings itself in 2019.
Prior to joining Enterprise, Wetzel was an entrepreneur, co-founding a biotechnology company and as a C-suite member of several startups. Wetzel is a co-founder and General Partner of Augury Capital, a financial VC fund, in 2007. Wetzel founded and was President of Alchemy Advisors, an advisory investment firm supporting startups and VC firms.
Wetzel has a bachelor’s degree in economics from Vanderbilt University and an MBA from the Tepper School of Business at Carnegie Mellon University.
