Advanced Mobility Market Update – April 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.

Key Takeaways:

• Companies developing solutions to address shortcomings in the logistics industry are receiving significant interest from capital providers, as seen in the capital raises by Glovo, KeepTruckin, Phantom Auto, Stord and Zencargo, and the acquisitions of BSM Technologies, Truckstop.com and GlobalTranz Enterprises
• While EV powertrains were historically seen as better suited for lighter vehicles, heavy-duty applications are gaining momentum, as showcased by Rivian’s continued explosive capital raising, Ford and GM’s electric pickup truck announcements and Penske Truck Leasing’s deployment of the first commercial heavy-duty EV charging stations in the U.S.
• Amsterdam vowed to eliminate 11,200 parking spots in the coming years and London established an Ultra Low Emission Zone that charges up to £100 for ICE vehicles that want to enter city center, highlighting the ongoing efforts that major cities around the world are making to remove polluting vehicles from urban centers and improve quality of life