Investors are hoping to get more mileage out of mobility tech.
Startups within the autonomous-driving and electric-vehicle segments continue to drive the vertical ahead with large rounds. EV battery startup Sila raised a $375 million Series G in mid-June from Sutter Hill Ventures and T. Rowe Price. Earlier that month, autonomous-driving and training-software startup Waabi raised a $200 million Series B led by Uber and Khosla Ventures. In May, Wayve, another autonomous-driving software developer, raised a $1.1 billion Series C from investors including Nvidia.
Investment continues to grow in the broader sector, according to PitchBook’s latest Mobility Tech report. In Q2, $6.7 billion was deployed across 193 deals representing increases of 14.2% and 13.9% over the previous quarter. Other segments like last-mile delivery have also been hot. Skyports Infrastructure, which makes ground infrastructure for next-generation electric aircraft, raised more than $110 million in April from ACS Group.
These are the 10 most active VCs in mobility tech, according to PitchBook data.
Featured image by Julia Midkiff/PitchBook
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