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Emerging Tech Research: Mobility Tech

Q3 2021

Emerging Tech Research: Mobility Tech

November 3, 2021

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Mobility startups shatter venture funding records through Q3 

The growing demand for low-cost, convenient, and environmentally oriented mobility tech solutions has continued to drive robust investment into the mobility industry. In the first three quarters of 2021, venture investors have poured a staggering $74.5 billion into global mobility tech startups—more than the total amount raised in any prior year.

Key takeaways

  • Undeterred by public market volatility, mobility tech startups have raised $74.5 billion—a record level of VC investment just three quarters into the year.

  • While eVTOL aircraft providers have received the bulk of investment in electrifying aviation, eSTOL technology could have superior performance, cost profiles, ease of certification, and compatibility with existing infrastructure. 

  • We see opportunities to invest in providers of technologies related to battery recycling, battery reuse, and alternative battery chemistries.

  • We believe the ridehailing industry is in the early stages of transitioning from the current outsourced car and driver model to EV fleets with fully employed drivers, a model pioneered by startups such as Revel, Kaptyn, and Alto.