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Q3 2022

Mobility Tech Report

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VCs pull back from mobility tech as EV IPOs struggle

VC activity in mobility tech continued to slump in Q3. Only $5.5 billion was invested in the sector, a decline of 55% quarter-over-quarter and 79% year-over-year. But while VCs are sitting on the sidelines, chipmakers are joining the game.

As EVs become increasingly reliant on digital components and data, car manufacturers are moving aggressively to establish tighter ties with chipmakers and bring design in-house. Meanwhile, new architectures like RISC-V promise to disrupt the market by offering flexibility and undercutting the price of licensing from traditional players like ARM.

Our Q3 2022 Mobility Tech Report explores VC trends in the mobility tech sector. The report also includes a comprehensive market map and company highlights for INRIX, Smartcar, and SiFive.


Table of contents
Vertical overview 3
Q3 2022 timeline 5
Mobility tech landscape 6
Mobility tech VC ecosystem market map 7
VC activity 10
Emerging opportunities 18
Connected cars 19
Automotive semiconductors and RISC-V 21
Select company highlights 23
INRIX 24
Smartcar 25
SiFive 26