Evolution of Automotive Ventures into Mobility
Steve Greenfield
General Partner at Automotive Ventures | Author of the book "The Future of Automotive Retail" | Author of the weekly "Intel Report": sign-up at automotiveventures.com
Expanding Our World View
While I spend most of my time examining dealership and OEM technology solutions, as a venture capital investor we also see a growing number of companies across the mobility landscape.
Mobility Segment Overview
The mobility industry represents a large ecosystem of startup-driven technologies that address both transportation-related problems stemming from urbanization—such as congestion and emissions—and the increased demand for affordable, convenient, and environmentally friendly transportation. While ridesharing, micromobility, and carsharing startups generally connect people to vehicles through mobile and digital platforms, industrial startups are manufacturing new types of vehicles, such as e-bikes, scooters, autonomous cars, electric cars, and even flying cars. Another startup subset is designing enablement technologies to power and support these new mobility ecosystems.
Over the past year, the mobility tech industry experienced increased investment flows as the COVID-19 crisis exposed many underlying problems within existing transportation systems. The growing focus on climate change also drove investment, as consumers increasingly demand electric vehicles and governments pass more decarbonization initiatives.
Encouraged by these developments, venture investors injected billions of dollars into mobility tech startups in Q2 2021—putting the year on pace to break the record for mobility investing. Additionally, a flurry of mobility tech companies listed publicly or announced plans to do so via reverse mergers with special purpose acquisition companies (SPACs).
Expanding Beyond Retail Automotive
The automotive retail channel is facing an enormous amount of change that will affect retail dealerships, automakers as well as the wholesale vehicle remarketing players. Automotive Ventures will continue to monitor these areas and report on news and important M&A transactions for our readers. In addition, this month we introduce a new Automotive Ventures technology landscape that examines Mobility more broadly.
领英推荐
We believe demand for low-cost, convenient, and environmentally oriented mobility tech solutions will continue to drive long-term industry growth. Industry support from governments and investors—as well as growing consumer demand—is boosting adoption of mobility tech services, while autonomous, connected, and electric vehicle (EV) technologies are making significant advancements. We estimate the market for emerging mobility tech solutions is substantial; we forecast that an additional $250 billion in venture capital will be invested in related technologies and services by 2025.
Each month we will examine a few of these areas more deeply. This month we highlight Battery Technology and Teleoperations.
I hope you enjoy this new content, and I appreciate you being on this journey with us as we evolve Automotive Ventures’ coverage of the mobility landscape.
It’s an exciting time to be in an industry that is going to see more change in the next 10 years than it’s seen in the past 100. No matter where you are in the ecosystem, I look forward to taking this journey with you.
Thank you for your continued support.
Steve Greenfield is CEO and Founder of?Automotive Ventures , LLC, helping entrepreneurs raise money and maximize the value of their companies. He has over 20 years of experience in the automotive technology space. He started his career in 1999 selling software to car dealers, and has overseen more than $1 billion in automotive technology acquisitions.
Note:?This article was?originally published in the?Automotive Ventures October Intel Report.
Entrepreneur, visionary, and patent holder. Innately ambitious, insatiably curious, data-driven, and creative with proven results in creating and capturing market value for both startup and enterprise B2B/C.
3 年This is a really interesting compilation, Steve. Gotta say since being introduced to you about a year ago, I've learned a ton. Thank you.
Founder/CEO, TruckTractorTrailer.com
3 年?? Green Island EV Co. + Automotive Ventures = ??
Private Equity | Corporate Development (M&A)
3 年I remember your first map Steve. I think you need to issue folks magnifying glasses now! Great job tracking all the participants.
CNO, Chief Networking Officer | Authoress | DEI Influencer | Trilingual Cultural Expert | Consultant | Speaker |
3 年Yippie Steve Greenfield I can not to read it. #alwaysemory
Car enthusiast. CEO @ Ravin.ai. Forbes Technology Council.
3 年Steve Greenfield loving the expansion into mobility which is ultimately the basic human needs fulfilled by automotive. One suggestion for future editions is the role of safe and efficient handoffs of vehicles which is part of the backbone of every transaction - whether it’s a peer to peer car share, a logistics fleet outsourced for Amazon deliveries or a vehicle subscription. Vehicles are (and will remain) an expensive asset that needs to be looked after, especially when they are no longer driven by humans.