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Q4 2021
PitchBook Analyst Note: The Future of Taxis Is Electric and Asset Heavy
October 21, 2021
Startups spark ridehailing industry shift
The ridehailing industry is facing growing regulatory pressure to decarbonize, presenting a disruptive threat to incumbents such as Uber and Lyft that do not own and operate electric vehicles.
This has led to a new class of electric taxi startups that leverage e-mobility hubs and emerging technologies such as fleet management software, charging stations, and battery storage to maximize utilization and improve unit economics.
Our latest analyst note details how e-mobility services leveraging EV fleets and full-time drivers could take over the current outsourced car and driver model.
Table of Contents
The ridehailing industry is facing growing regulatory pressure to decarbonize, presenting a disruptive threat to incumbents such as Uber and Lyft that do not own and operate electric vehicles.
This has led to a new class of electric taxi startups that leverage e-mobility hubs and emerging technologies such as fleet management software, charging stations, and battery storage to maximize utilization and improve unit economics.
Our latest analyst note details how e-mobility services leveraging EV fleets and full-time drivers could take over the current outsourced car and driver model.
Table of Contents
| Overview | 1 |
| VC funding and exits strong for international ridehailing companies | 3 |
| Industry facing pressure to decarbonize | 3 |
| Uber and Lyft likely to fall short of EV mandates | 4 |
| Future of ridehailing is electric and asset heavy | 4 |
| E-mobility hubs will play an important role as strategic assets | 4 |
| E-mobility hubs will provide power resiliency amid EV transition | 5 |
| Industry likely transitioning from contracted drivers to full-time drivers | 5 |
| Key startups in the space | 6 |