Why mobility tech startups continue to attract investor attention
May 10, 2021
From tackling congestion to reducing carbon emissions, the mobility tech industry is increasingly being seen as a key to solving a host of societal problems.
Venture investors are pouring billions of dollars into mobility tech startups that have been benefiting from the ongoing SPAC boom and rising demand for low-cost, environmentally friendly transportation solutions.
Our latest installment of Emerging Tech Research explores the major trends that shaped this space in the first quarter of 2021, including mounting optimism around air taxis and autonomous driving technology. Among the takeaways:
Venture investors are pouring billions of dollars into mobility tech startups that have been benefiting from the ongoing SPAC boom and rising demand for low-cost, environmentally friendly transportation solutions.
Our latest installment of Emerging Tech Research explores the major trends that shaped this space in the first quarter of 2021, including mounting optimism around air taxis and autonomous driving technology. Among the takeaways:
- Mobility tech venture funding set a record in Q1 2021, with $23.4 billion invested in the vertical.
- The SPAC phenomenon added upward pressure on valuations for early- and late-stage mobility startups and has accelerated funding timelines.
- Electric vehicle specialists need to rethink design processes in a way that prioritizes manufacturing cost and total cost of ownership.
- Micromobility providers appear to be gaining traction in emerging markets such as India and Brazil.
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