Advanced Transportation Market Update – September 2019
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.
- Ride-hailing giants Uber and Lyft are increasingly attempting to develop additional revenue streams as they struggle to reach profitability from their core product offering
- Nikola Motor and Rivian raised large rounds in September, highlighting the growth of investor interest in heavy duty EVs
- Hyundai’s partnership with Aptiv, a developer of AV technology, reflects the ongoing trend of OEMs seeking to bolster AV capabilities