The COVID-19 pandemic has shifted trends in the mobility tech sector. Ridehailing services are experiencing a decline in demand while delivery companies have grown rapidly. Supply chain issues have also increased interest in methods for changing how goods are shipped, tracked and delivered.

Beyond these short-term trends, the mobility tech sector is shifting toward autonomous transportation with the help of next-generation hardware startups.

The market map below outlines the global mobility tech ecosystem. You can explore the autonomous driving hardware segment by clicking on the green tile.


To go deeper, read our Q1 2022 Mobility Tech Report. PitchBook subscribers can also explore the full mobility tech market map with details on more than 3,800 companies.

Spotlight: Autonomous driving hardware

Self-driving cars have been slow to mature, but the technology is steadily moving from pilot programs to commercial deployment.

Technologies such as radar and cameras have seen new funding for use in automobiles. Light detection and ranging (lidar) technology, which has been around since the 1960s, has also experienced an increased use in the automotive industry, according to PitchBook analyst Jonathan Geurkink.

But companies making chips and communication systems for self-driving vehicles have received the largest sums of VC investment. China-based Horizon Robotics last year reportedly landed $1.5 billion to fund the production of chips for the auto industry.

How deals and exits are trending


Despite mobility tech recording a substantial amount of VC activity during the preceding two years, the first quarter of 2022 saw a cooldown in activity, declining 35% compared with Q4 2021 and 43% year-over-year, according to PitchBook data.

While the number of deals has also declined 10% from Q4 2021, there were some notable transactions during the quarter, including a $260.5 million investment in Swedish EV maker Volta Trucks and autonomous driving software maker AutoBrains' $120 million round.

Even though there's only been a small decrease in the total number of exits on a YoY basis, the total value of exits in the first quarter of 2022 was close to $6 billion, or less than 5% of the total exit value in Q4 2021.

Acquisitions have made up the majority of exits in the first three months of 2022, but only a miniscule amount of the total value. While there were only three public listings, they contributed to nearly all of the exit value generated, according to the data.

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Featured image by iStock/Getty Images

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