November 3, 2021
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.
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.