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Mobility Tech Report

Q2 2024

Mobility Tech Report

September 12, 2024

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Mobility tech’s oceanic dive
 

The autonomous driving segment drove mobility tech funding forward in Q2, with deal value reaching $6.7 billion, up 13.9% over the previous quarter, according to our latest Emerging Tech Research. But fewer companies are fueling the gains, with startups like Wayve and Scale AI leading the way, hauling in at least $1 billion each. 

Another growing segment in mobility tech includes startups working on technologies within the marine data and drones segment. These companies, for example, develop technologies to map and monitor the ocean and aid large shipping operations. Some startups, like Saildrone, have raised millions to develop underwater drones with applications in the scientific, commercial, and defense industries. 


Table of contents
Vertical update 3
Q2 2024 timeline 4
Mobility tech landscape 5
Mobility tech VC ecosystem market map 6
VC activity 7
Innovation spotlight 15
       Marine data and drones 16
Select company highlights 18
       Orca AI 19
       XOCEAN 21
       PSIONIC 22