Mobility Tech Report

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EVs power through, while mobility tech ebbs

VCs largely continue to keep mobility tech at arm’s length. Total deal value in the sector fell more than 37% quarter-over-quarter in Q3, as fears lingered over the future of the EV subsidy, according to our latest Emerging Tech Research.

The recent collapse of BlackRock-backed Northvolt, a Swedish EV battery specialist, has cast a shadow over an industry already down on its luck. But strong fundraising by EV-enabled companies like Monarch Tractor and Rapido signal a path forward.