Advanced Transportation Market Update – December 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.
- BlueIndy and ShareNow are both exiting the North American market, highlighting the ongoing struggles of the centralized car sharing business model in contrast to the growth experienced by Turo and others in the decentralized car sharing market
- California approved the commercial use of light-duty autonomous delivery vehicles without safety drivers, accelerating the rollout of AV technology on account of the smaller size, lower cruising speeds and non-human loads
- GM formed a $2.3bn JV with LG Chem and announced a new battery manufacturing plant in Ohio, showcasing the ongoing efforts that OEMs are taking to vertically integrate into battery production as they ramp up their EV efforts