Advanced Mobility Market Update – February 2019
Greentech Capital Advisors’ Advanced Mobility Monthly Market Update summarizes key announcements, M&A, and capital raising activity related to advanced transportation, while providing detailed trading metrics on public companies across the sector.
- Polestar and Porsche announced new performance EVs, adding to the growing list of vehicle models that will challenge Tesla’s dominance of the performance EV space
- Nuro, an autonomous last-mile delivery startup, and Ike and TuSimple, autonomous trucking startups, raised large rounds of capital, highlighting the ongoing interest in companies developing autonomous solutions for the logistics space as investors expect these applications to be the first commercially viable uses of AVs
- Daimler and BMW are moving forward with their mobility JV, both vouching to invest $1.1bn in the coming years, and agreeing to partner to develop autonomous driving capabilities, as legacy OEMs continue to partner in an effort to spread out the high costs of developing new mobility solutions and keep up with deep-pocketed technology companies