Advanced Transportation Market Update – January 2020
Greentech Capital Advisors’ Advanced Transportation 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.
- GM announced plans for 20 different EVs by 2023 and a $2.2bn factory retrofit for the mass production of EVs, highlighting the efforts incumbent OEMs are making towards electrification
- Joby Aviation raised a $590mm round led by Toyota, reflecting the growing belief that eVTOL vehicles will be a viable form of urban transportation
- BorgWarner’s $3.3bn acquisition of Delphi Technologies follows a string of transactions in the ICE supply chain as incumbents attempt to stay competitive in an all-electric future