According to some estimates, the future mobility market $178.7 billion by 2026, up from $78.1 billion two years ago. And over the past decade, 400 billion dollars of investments have been invested in this sector, of which 100 billion dollars have been invested from 2020.
But most venture capital funds are not specialists in this area. This has created a space to explore electric powertrains, batteries and broader electric and fuel cell solutions for mobility.
At least, this is the thesis of the mobility fund. Vector Partners which has raised a new fund of 125 million euros to address similar issues.
Founded in 2020 as one of a handful of purpose-built mobility venture capital firms, Vektor invests in what it says are “deep tech startups utilizing AI and software that enable scaling and categorization of SaaS/MaaS-based businesses” that move people and goods from A to B in a more efficient, greener and safer way.
Partners include Sebastian Bihari, who previously headed an automotive technology investment bank; Chris Riley, Former Startup CFO; Isabelle Falkenberg, ESG expert; and Valentin Menedetter, former senior executive director of Palantir Technologies and Speedinvest.
Together with Nielsen Ventures, Vektor led a $17.5M Series A funding round in NoTraffic, a platform that uses computer vision, machine learning and cloud integration to drive traffic.
Other recent investments include German startup Peregrine Technologies and Israeli tech firm GuardKnox.
Credit: techcrunch.com /