The coronavirus pandemic has profoundly affected the global transportation system, with social distancing and stay-at-home orders transforming consumer behavior.
Yet despite what will likely be a substantial impact in the near future, long-term prospects for startups in the mobility tech sector remain strong. Our latest Emerging Tech Research report includes an overview of the mobility tech landscape, market maps of VC-backed companies, and deep dives into segments including autonomous cars and ridesharing. Key takeaways include:
- Mobility tech companies raised a total of $10.8 billion in Q2, a 7% increase year-over-year
- Tech investors are expanding their foothold in mobility as traditional automaker incumbents grapple with the pandemic
- Electric vehicles appear to have a bright future as investors, corporates and governments strengthen their commitment to the technology
Source: Pitchbook
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