Investment trends, market analysis
& authoritative Commentary
Investor appetite for mobilitytech continues to surge globally.
Mobilitytech represents several closely watched industries as supply chain bottlenecks, fuel price fluctuations, and urbanization continue to exacerbate the need for mobility solutions. It has consistently ranked as one of the largest climatetech subsegments over the past decade. In Q1 2022, it was the second-largest subsegment behind clean tech, with over $2 billion of VC invested—more than three times the amount invested in the next-largest subsegment.
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CLIMATETECH
Climatetech and mobilitytech VC deal activity
Share of climatetech and mobilitytech VC deal value by region
The lion’s share of mobilitytech VC deal value is unsurprisingly attributed to Series D and later deals.
But in recent years, deals in the $25 million+ range have become more prevalent. Of the 33 deals closed in Q1 2022, 18 were over $25 million. Bigger check sizes create higher valuations, with the median pre-money valuation for late-stage VC deals growing dramatically, by 633.8% YoY, compared with 83.5% for early-stage VC deals.
Historically, mobilitytech deals have been concentrated within the $1 million-to-$5 million and $25 million+ ranges.
SOURCE: PitchBook Geography: Global | *as of MARCH 31, 2022
NOTE: COmpanies are tagged as both climatetech and mobilitytech, which is a smaller population than general climatetech.
Climatetech and mobilitytech VC exit activity
Share of climatetech and mobilitytech VC deal count by series
Explore 2021 subsector trends
Download the second report in our series:
Spotlight on Mobilitytech
VC deal value for mobilitytech companies spiked to $20.6 billion in 2021, nearly doubling from 2020.
Explore 2021 investment
& valuation trends
Historically, North America, Asia and Europe have dominated the mobilitytech subsegment with their established startup ecosystems, large economies, and active government involvement.
Explore 2021 climatetech
exit trends
Download Our Spotlight on Mobilitytech
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SPOTLIGHT ON MOBILITYTECH
“Mobility is one area of climatetech where we are beginning to see policy alignment between the U.S. and other leading markets, not to mention the efforts of EV manufacturers and other businesses to seize market opportunities.”
Partner
Environmental & Natural Resources
“It’s clear that the Rubicon has been crossed by the automotive industry; it will not reverse the transition to battery-powered electric vehicles.”
“Governments putting standards in place that direct automakers down a decarbonized pathway is the biggest accelerant for the
e-mobility transition. ”
Reza Zarghamee
Partner
Corporate
Shaalu Mehra
Partner
Co-Head, Energy & Infrastructure Projects
Mona E. Dajani
Venture Deal-Making & Cross-Border Investment Trends
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Climatetech:
2021 Year in Review
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Climatetech: Venture Deal-Making
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Climatetech:
2021 Year in Review
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