1、State of European Mobility Startups 2024 February 2025Page/2 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGlobal startup&venture capital intelligence platform.Dealroom.co is the foremost data provider on startup,

2、early-stage and growth company ecosystems in Europe and around the globe.Founded in Amsterdam in 2013,we now work with many of the worlds most prominent investors,entrepreneurs and government organizations to provide transparencDealroom.co is a global intelligence platform for discovering and tracki

3、ng the most promising companies,technologies and ecosystems.Clients include many of the worlds foremost organizations such as Accel,Index Ventures,McKinsey,BCG,Deloitte,Google,AWS,Microsoft,Stripe.Dealroom partners closely with local tech ecosystem development agencies and enablers,to create a compr

4、ehensive multidimensional blueprint of the tech ecosystem,including capital,talent,innovation,entrepreneurship and overall economic dynamism.Leading innovation ecosystem for mobility entrepreneursVia IDVia ID is the investment fund and the business accelerator of startups in new mobility and autotec

5、h of Mobivia(Norauto,Midas.).Thanks to its hybrid positioning as an investor,an ecosystem and a startup studio,Via ID provides long-term support to the most innovative startups in the field of sustainable mobility to make them European leaders.Today Via ID has a portfolio of 21 startups(including Be

6、ev,BlaBlacar Daily,Fifteen,Heetch,Trusk,VelyVelo),teams in Lille,Paris and Munich and 3 major initiatives:the Moove Lab,the European Startup Prize for Mobility and the Mobility Club.Mobility ClubThe Mobility Club by Via ID is an innovation lab for mobility players(corporates,enterprises,scale-ups,in

7、vestors).The Mobility Club supports its members in their innovation strategies,and help them to understand key mobility trends,and the resulting opportunities for them.Its value proposition is built around 3 main pillars:Decrypt,Connect,Innovate.It gathers global players such as Groupe ADP,Hutchinso

8、n,Groupe IMA,MACIF,Transdev Page/3 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTER“Romain LafitteManaging Director Venture Capital at Via IDIn 2024,the European venture capital market continues its adjustment,and t

9、he mobility sector is no exception,with a 30%decline in funding.Despite this correction,mobility remains one of the most attractive sectors,maintaining its position in the top five most funded industries over the past decade and accounting for 45%of global deals in 2024.In this context,investors are

10、 refocusing on viable models,prioritizing startups capable of reaching profitability quickly.The rise of debt financing,particularly in batteries and electric charging,reflects the sectors maturation,while asset-light and B2B models are attracting increased attention.Macroeconomic and regulatory unc

11、ertainties are slowing down fundraising,especially in the early stage,but corporate venture capital plays a key role,participating in 44%of European deals.This trend confirms the importance of industrial players in structuring the ecosystem and strengthening exit opportunities.Despite the challenges

12、,the sectors potential remains immense.Electrification,AI,data,and decarbonization imperatives are reshaping the mobility landscape.With its strengths in innovation and industrialization,Europe has all the assets needed to shape the transport solutions of tomorrow.”ForewordPage/4 Source:EXTRA CONTEN

13、TALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERDealroom.co *Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.What happened in European Mobility in 2024Corporate investors were invo

14、lved in nearly half of European mobility rounds in 2024,over 2x their share in 2020 Debt funding has hit record levels in 2024,with$9 billion lent to European mobility startups.Notably,$5 billion of this total is tied to Northvolt,though the full amount has not yet been disbursed.M&A activity in 202

15、4 rivaled previous record years,with numerous acquisitions but fewer buyouts than in 2023.Only a handful of small IPOs took place.EV battery and charging no longer makes up the majority of Mobility fundingInfrastructure-intensive EV battery and charging accounted for less than a of European mobility

16、 funding in 2024.Instead,investors have been shifting away from digital and service-based models,marked by an decreasing share of funding in marketplaces.Top mobility rounds this year predominantly show autonomous vehicles,and sustainable aviation.VC investment in European mobility startups reached$

17、6B in 2024,a 30%drop from the previous yearEuropean mobility saw a decline at every stage.Early and breakout stages were more resilient compared to late stage which suffered the biggest drop in recent years,still above pre-pandemic levels.In comparison with other industries,Mobility ranked fifth mos

18、t funded in Europe but exhibited nearly three times more decrease than the average.VC investment in European mobility startups$01m(pre-seed)$14m(seed)$415m(series A)$1540m(series B)$40100m(series C)$100250m(mega rounds)$250m+(mega+)VC investment in European mobility startups by segmentShare of Europ

19、ean mobility rounds with at least one corporate investorPage/5 Source:1 Value and Venture Capital2Trend analysisPage/6 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPage/6 11581184VC investment in European

20、mobility startups per stage&total number of roundsVC investment in European mobility startups reached$6B in 2024,falling 30%short of the previous yearThis is following a continuously downward trend since 21-22s boom yearsSource:Dealroom.co.Data as of Jan 14th 2025.*Mobility refers to the“Transportat

21、ion”industry in Dealroom.For details see methodology and definition.*Due to a delay in round reporting and potential changes in assignment of rounds and companies,figures can slightly differ from one report edition to the other.$01m(pre-seed)$14m(seed)$415m(series A)$1540m(series B)$40100m(series C)

22、$100250m(mega rounds)$250m+(mega+)Page/7 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERDealroom.co.Data as of Jan 14th 2025.*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology a

23、nd definition.The number and amount of early-stage rounds,especially pre-seed rounds,is projected to increase due to reporting lag for up to 12 months.At early&breakout stages European mobility declined 25%in 2024 compared 2023.Late stage has suffered the biggest drop in recent years,still above pre

24、-pandemic levelsLate$2.9B funded,a-37%decline compared to 2023.$100250m(mega rounds)$250m+(mega+)Growth$2.1B funded,a-28%decline compared to 2023.$1540m(series B)$40100m(series C)Early$1.2B funded,a-20%decline compared to 2023.$01m(pre-seed)$14m(seed)$415m(series A)Selected rounds of 2024:Selected r

25、ounds of 2024:Selected rounds of 2024:Page/8 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPage/8$4B$3BMobility ranks#5 in top funded European industries in 2024 with$6BHowever,its year-over-year decline is

26、 triple the European averageTop 10 industries by VC funding view online-11%AverageEuropean dropSource:Dealroom.co.Data as of Feb 5th 2025.*Mobility refers to the“Transportation”industry in Dealroom.Page/9 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTEN

27、TALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPage/9$4BVC investment in European mobility startups by segmentInfrastructure-intensive EV battery and charging accounted for less than of European mobility funding in 2024This share has significantly declined from its 2023 peak,when it accounted for more

28、 than half of total European mobility funding Despite this drop,several EV charging infrastructure companies secured some of the largest funding rounds this year Meanwhile,the other top mobility funding rounds were primarily focused on autonomous vehicles and sustainable aviationDealroom.co.Data as

29、of Jan 24th 2025.*Mobility refers to the“Transportation”industry in Dealroom.Source:VC investment in European mobility startups by segmentPage/10 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPage/10 B2B-or

30、iented solutions now make up 85%of total Mobility VC funding raised in 2024This share has been at its highest in the past 3 years,30%above where it stood in 2019VC funding of Mobility by client focusSource:Dealroom.co.Data as of Feb 7th 2025.*Mobility refers to the“Transportation”industry in Dealroo

31、m.For details see methodology and definition.VC funding of Mobility by client focusPage/11 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPage/11 Manufacturing has reduced its share of European mobility for

32、the first time since 2019,driven by reduced investment in EV batteriesSaaS has more than doubled its share compared to 2023,driven by trends in AV softwares and EV chargingVC funding of Mobility by business modelSource:Dealroom.co.Data as of Jan 14th 2025.*Mobility refers to the“Transportation”indus

33、try in Dealroom.For details see methodology and definition.VC funding of Mobility by business modelPage/12 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPage/12 Woman remain significantly underfunded in the

34、 VC industryIn the European mobility sector,they receive just 4%of funding-one of the lowest levels in recent yearsThis is also well below the European average of 10%Source:Dealroom.co.Data as of Jan 14th 2025.*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology an

35、d definition.Share of funding attributed to teams with 1 or more Woman founder in European mobility4%Top rounds mobility in 2024 view online“Women in mobility startups face more than just funding challengesthey are breaking into an industry dominated by traditional networks.The real barrier isnt tal

36、ent or ambition,but access.In the high-risk startup world,trust is essential,and people tend to trust those similar to themselves.Thats why diverse networks are critical for success.To shape the future of mobility,we need to foster inclusive environments where women feel empowered to pitch their bus

37、iness ideas and secure the funding they need.Beyond diversity simply being good business,women-led companies are especially relevant in todays VC landscape.As investors prioritize capital efficiency and sustainable growth over inflated valuations,women-led startups,often known for their disciplined

38、execution and focus on long-term value,are in a strong position to succeed.I believe women will play an increasingly vital role in shaping the future of mobility startups,driving both financial success and environmental progress.”Celeste ReglEIT Community Startup Programmesat EIT Urban MobilityPage/

39、13 Page/14 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDealroom.co.Data as of Jan 31st 2025.*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.*O

40、ther investors refers to Private Equities,Asset Managers,etc.Corporate investors were involved in nearly half of the mobility rounds in 2024,more than doubling their share from 2020 while also being present in most top rounds of the yearShare of European mobility rounds with at least one corporate i

41、nvestorCompanyCorporate investorsSegmentRoundAutonomous mobility$1.1b SERIES C Hydrogen mobility200m LATE VCE-fuel 118m SERIES BEV charging100m GROWTH EQUITY VCvTOL$110m SERIES CAutonomous mobility100m SERIES ASustainable aviation$107m SERIES BNotable rounds with at least one corporate investor view

42、 onlineSource:Page/15 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDebt funding has already reached record highs with$9B lent to European mobility startups in 2024.This type of funding is mainly giv

43、en to capital intensive projects such as EV batteries.Dealroom.co.Data as of Jan 14th 2025.*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.*Other investors refers to Private Equities,Asset Managers,etc.*Northvolts$5B debt round was reported in O

44、ct 2024 but not fully fulfilled in light of company struggles.$3.6BDoneTop debt issuers:Debt funding in European mobility startupsStephane PettiPrincipal Advisor atEuropean Investment BankThe EIB,as the EUs climate bank,is committed to achieving the Unions carbon reduction targets by fostering innov

45、ation and supporting small,forward-thinking businesses.The energy transition is a cornerstone of strengthening the EUs energy independence and resilience.The mobility transition will span several decades,outlasting political cycles.It demands not only significant investment but also patience,long-te

46、rm planning,and strategic foresight.Public-private partnerships(PPPs)and tailored advisory support will play a pivotal role in navigating this transformation at the right pace.“2024Page/16 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HE

47、RE EXTRA CONTENT/SOURCES/INSPIRATIONTypes of Debt issuers and roundsDealroom.co.Data as of Jan 14th 2025.*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.*Other investors refers to Private Equities,Asset Managers,etc.*Northvolts$5B debt round was

48、 reported in Oct 2024 but not fully fulfilled in light of company struggles.DoneGovernment and non-profit$5BBanks$3BVC,PE&Family Offices$70MDebt fund$400MLP,Asset Management&Insurance$550M$5BEuropean Investment bankNordic Investment bank$40MEuropean investment bank$1.3BSocit Gnrale;ING Group;La Banq

49、ue Postale;Banco Santander$410MSocit Gnrale;NatWest;Lloyds Bank$1.3BNatixis$410MSocit Gnrale;NatWest;Lloyds BankCHF200MWaterfall asset management$88MGrowth Credit Partners$25MBig bets$3MBpifrancePage/17 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITL

50、EGRAPH TITLEGRAPH/MAIN CONTENTFOOTERDealroom.co.Data as of Jan 14th 2025.*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.M&A activity in 2024 rivalled previous record years,largely driven by Acquisitions and Buyouts,while only a handful of small

51、 IPOs took placeNumber of VC-backed exits by type view onlineAcquisitions&Buyouts IPOs&SPAC IPOsSelected acquisitions of VC-backed European Mobility startups in 2024 by exit typeBuyerTargetAmount$400K acquisition for CityScoot Undisclosed amountUndisclosed amountUndisclosed amount200M Growth equity

52、VC$904M valuation$512M valuation$368M valuationMarket consolidationOtherAcquisitions(PE,etc)IPOs&SPACs$215MPage/18 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPage/18 Most active investors since 2019Most

53、top European mobility investors have less than 50%of their portfolio dedicated to impact investmentsTop investors in European Mobility startups(2019-2024)and share of mobility portfolio focused on impact.Source:Dealroom.co.Data as of Jan 15th 2025.Note:EIT Urban Mobility began investing in 2020.*Mob

54、ility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.Page/19 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPage/19 New European Mobility Unicorns created by yea

55、rIn 2024,only one Unicorn was created in European Mobility so far.A large cry from 2021s peak of 1339 European Mobility startups have reached unicorn status since 1990,today 26 remainThis year,Wayve(autonomous mobility)became a unicornIn the 2021 cohort,mobility companies followed different trajecto

56、ries:A solar vehicle manufacturer,went bankruptAn electric scooter company,has seen its valuation drop to a third,but has managed to turn profitable and is expanding its fleetA used car marketplace,is still showing growth but hasnt raised funding since 2021Source:Dealroom.co.Data as of Jan 14th 2025

57、.*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.New European Mobility Unicorns created by yearPage/20 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIR

58、ATIONLEGENDDealroom.co.Data as of Jan 14th 2025.*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.Source:The US attracts over 40%of global mobility funding,while Europe loses ground,down to 21%.By deal activity,however,Europe still surpasses all o

59、ther regionsShare of global number of rounds in Mobility per region Share of global funding in Mobility per region Page/21 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPage/21 VC funding of European countr

60、ies in Mobility The UK still leads the European Mobility funding landscape,with France and Germany followingCroatias,Slovakias and Portugals astronomical year-over-year growth is due to a lack of funding in 2023 and megaroundsSource:Dealroom.co.Data as of Feb 10th 2025.*Mobility refers to the“Transp

61、ortation”industry in Dealroom.For details see methodology and definition.*Projected growth computed comparing 2023 actual value and 2024 projected value.*Portugals and Croatias growth rates are excluded as their small ecosystems saw sharp increases from minimal funding five years ago.-30%Average Eur

62、opean Mobility drop10999999900%175900%2170%VC funding of European countries in Mobility Page/22 Source:1Value and Venture Capital2 Trend analysisPage/23 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPage/23

63、 Sustainability-Climate TechTransportation emissions in Europe are heading the wrong wayIn 2022,transport represented 29%of all European emissions,almost double its 17%share in 1990While non transport emissions have decreased 38%since 1990,transport emissions have grown by a quarter.This makes the c

64、hallenge of decarbonising the sector more challenging and increasingly urgentChange in greenhouse gas emissions by sector in the EU(indexed to 100 in 1990)*Source:*T&E“State of European Transport 2024”reportPage/24 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EX

65、TRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPage/24 20%39%30%48%42%48%42%36%26%Mobility as%of Climate TechSustainability-Climate TechMobility is the 2nd most prominent climate tech industry in Europe,making up of the sectorMobilitys share of European Climate tech funding is at its lowest

66、since 2016Share of Mobility funding in European Climate TechSource:Dealroom.co.Data as of Jan 14th 2024.*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.Page/25 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GR

67、APH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONSustainability-Circular economyCircular startups in mobility have raised close to$5B since 2019.2023 was a record high year largely due to the large amount of funding deployed to EV battery recycling&second use solutionsThe most funded se

68、gment remains second hand marketplaces(used cars,bikes,parts etc.)with over$2.3B raised since 2019.But funding to the segment has collapsed in the last three years.Battery recycling has emerged as the top segment in the last three years driven by the increasing production and adoption of electric ve

69、hicles.Recycling batteries can further enhance the climate advantages of EVs over ICEs,and alleviate concerns of sustainability and material dependency for Europe.Today most feedstock for battery recycling comes from manufacturing scraps,but in coming years Evs will start to hit end of life,and by 2

70、030 significant amounts of the battery minerals supply for Europe should come from locally recycled sources.EU recycling targets,under the Battery Regulation,require battery-makers to:Recover 90%of nickel and cobalt used by 2027,rising to 95%in 2031.Recover 50%of lithium used by 2027,rising to 80%in

71、 2031.The new rules apply to all batteries sold in the EU and will spur the investments needed to establish more recycling capacity and create local jobs in Europe.VC funding in Circular Mobility startups in Europe view onlineSecond hand Battery recycling&second use Logistics and supply chain Materi

72、als Retrofit and repair Dealroom.co Data as of Jan 14th 2025.*T&E Battery Insights*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.Circular Mobility startups Explore the landscapePage/27 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CON

73、TENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONSource:Autonomous&sensor tech and vehicle production lead the European mobility sector by funding Vehicle production and Logistics raised the most early stage funding.$4B$3BDealroom.co.Data as of Feb 10th 2025.*Mobility

74、 refers to the“Transportation”industry in Dealroom.For the definitions of each transportation sub-industry and more information on our taxonomy visit this page.*There are overlaps in funding between sub-industries as one company can belong to more than one sub-industry e.g.Cartken is both a logistic

75、s&delivery and autonomous&sensor tech company.Autonomous&sensor tech and Maintenance&aftermarket led by funding in 2024.Mobility Services stands out as the only segment experiencing growth with Autonomous&sensor techEuropean mobility VC funding by sub-industry in 2024 and year over year growthSelect

76、ed companies that raised funding in 2024Page/28 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONAutonomous&sensor tech-Autonomous mobilityAutonomous mobility funding reached record highs in 2024,largel

77、y due to few mega rounds.Total number of rounds decreased strongly,showing maturing of the segmentVC investment in European autonomous mobility startups view online$01m(pre-seed)$14m(seed)$415m(series A)$1540m(series B)$40100m(series C)$100250m(mega rounds)$250m+(mega+)Theodora PredaVentures Directo

78、r at Startup Autobahn by Plug&PlayCambridge-based autonomous driving company Wayve raced ahead in 2024 with a massive$1.05Bn round,claiming the largest ever equity raise for a European AI company.Backed by Softbank,with support from Microsoft and Nvidia,this milestone highlights Europes ability to c

79、ultivate talent capable of creating category-leading tech for self-driving cars.Even amid challenges in the automotive industry,radical innovation remains key.SelectedcompaniesDealroom.co.Data as of Jan 14th 2025.*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology

80、 and definition.“Autonomous Driving startups in Europe Explore the landscapePage/30 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONSelected companiesDealroom.co.Data as of Oct 10th 2024.*Mobility refe

81、rs to the“Transportation”industry in Dealroom.For details see methodology and definition.Vehicle production 2024 VC funding in vehilce production startups was at the lowest level of the past six years,driven by less investment in EV battery manufacturing and electric vehicle productionVC investment

82、in European vehicle production startups view online$01m(pre-seed)$14m(seed)$415m(series A)$1540m(series B)$40100m(series C)$100250m(mega rounds)$250m+(mega+)Nate JaretGeneral Partner atManiv MobilityStartups have trouble selling into automotive manufacturing for a variety of reasons.The automotive i

83、ndustrys five-year series-of-production timelines are fundamentally at odds with startups who raise capital for two years of runway.“Dealroom.co.Data as of Jan 14th 2025.*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.OEMs are principally concer

84、ned with making safe products,and they perceive too much counterparty risk in implementing startup offerings into their vehicles.Furthermore building parts,and even more so vehicles is incredibly capital intensive and startups have a dramatically less attractive cost of capital.Finally,the failed SP

85、AC environment for automotive in 2021 has aggravated the problem investors are wary that there is an effective path to liquidity for startups selling into Big Auto.The basic laws of venture physics continue to apply investors should continue to focus on core principles of partnering with spectacular

86、 founders whose deep experience and tenacity are most likely to attract capital despite the uphill battle.VCs must also work closely with founders and established industry to create a more robust M&A environment for companies with valuable technologies and products,but may not be able to reach their

87、 fullest potential because of the structural challenges.Spectacular founders can make it work despite the challenges.We are looking for entrepreneurs who know they are entering a minefield when they sell to established industry,and have a clear plan to navigate it.Having a much-needed product or tec

88、hnology is never enough to create spectacular outcomes.Vehicle production 2024 VC funding in vehicle production startups was at the lowest level of the past six years,driven by less investment in EV battery manufacturing and electric vehicle productionPage/31 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH

89、TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPage/31 Electric mobility-Vehicle production,Maintenance&aftermarket and Mobility platformsEuropean electric mobility raised over$20B in VC funding solely between 2021 and 20232024,however,reverted to

90、 pre-pandemic levels with a 73%drop compared to 2023While EV batteries have historically been the largest segment,EV charging took first place in 2024European electric mobility fundingSource:Dealroom.co.Data as of Jan 14th 2025.EV Charging EV Manufacturing EV motor EV battery EV services European el

91、ectric mobility fundingEV Charging EV Manufacturing EV motor EV battery EV services Global EV battery startups by segment Explore the landscapePage/33 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDe

92、alroom.co.Data as of Oct 10th 2024.*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.Unlike conventional charging stations that solely supply power from the grid to the electric vehicle,V2G technology enables a two-way energy exchange,EVs:Charge:D

93、raw electricity from the grid to recharge its battery.Discharge:Return stored energy to the grid when demand is high or when renewable energy generation is low.The key benefits of the V2G technology include:Grid Stability:V2G stores excess renewable energy during off-peak times and supplies it back

94、during peak demand,reducing congestion and infrastructure costs.It could allow 40%more solar PV capacity.Cost Savings:EV owners can earn by selling electricity back to the grid,or directly save on their electricity bill(780/year),offsetting charging costs and encouraging EV adoption.As a whole,it co

95、uld save the EUs energy systems 22 billion annually by 2040.Environmental Impact:V2G reduces reliance on backup power plants,lowering electricity prices and carbon emissions.By 2030,with an estimated 250 million EVs on the road,the capacity of EV batteries will likely be sufficient to meet the deman

96、d for short-term energy storage,further solidifying their role in the future energy landscape.VC funding in European V2G solutions view online$01m(pre-seed)$14m(seed)$415m(series A)$1540m(series B)$40100m(series C)$100250m(mega rounds)$250m+(mega+)Dealroom.co.Data as of Jan 14th 2025.Source:Charge N

97、inja,Virta,T&E*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.Selected companiesMaintenance&Aftermarket-Smart EV ChargingEuropean vehicle-to-grid(V2G)solutions secured a record$286M in 2024.They are now beginning to attract later-stage investmen

98、ts for the first time,signaling a maturing marketMaintenance&Aftermarket-Smart EV ChargingEuropean vehicle-to-grid(V2G)solutions secured a record$286M in 2024.They are now beginning to attract later-stage investments for the first time,signalling a maturing marketPage/34 Source:LOGOS SPACINGYEAR/EXT

99、RA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONSelectedcompanies$4B$3BVC investment in European logistics and delivery startups view online$01m(pre-seed)$14m(seed)$415m(series A)$1540m(series B)$40100m(series C)$100250m(mega rou

100、nds)$250m+(mega+)Matthias Schanze Founding Partner atRethink Ventures“Dealroom.co.Data as of Jan 14th 2025.*Mobility refers to the“Transportation”industry in Dealroom.For details see methodology and definition.Logistics startups that clearly drive productivity are thriving,while capital-intensive ve

101、ntures like new vehicle concepts struggle due to competition and high resource demands.Asset-light models,vertical AI solutions,and drone logistics are expected to gain traction.Efficiency is crucial amid price pressures.Startups like Austrias S2 Data boost truck capacity utilization from 72%to 92%w

102、ith a purely data-driven approach.Saving every 5th truck transport directly avoids C02 emissions and and improves profitability.To be successful in logistics requires solving clear pain points and delivering tangible B2B value with practical,compelling solutions.One pain point that is becoming huge

103、is the shortage of(skilled)labour in the EU such as truck drivers and forklift drivers.Driveblocks from Munich for instance makes heavy duty vehicles autonomous.Enabl Tech from Karlsruhe allows for remote operations of forklifts.Electrification and drones are transforming logistics,with electric veh

104、icles such as eTrucks and transport drones gaining prominence.In 2025,AI copilots and domain-specific tools will drive innovation,with vertically trained AI agents outperforming horizontal applications.”Logistics&deliveryVC funding in Logistics&Delivery startups reached less than a third of record y

105、ears 2021-2022,when Covid-19 disrupted supply chains globally and spurred a rush to innovatePage/35 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONSelectedcompaniesVC investment in European search,buy

106、&rent view online$01m(pre-seed)$14m(seed)$415m(series A)$1540m(series B)$40100m(series C)$100250m(mega rounds)$250m+(mega+)Vincent CarreMobility Services Director atCrdit Agricole Personal Finance&MobilityDigital processes drive innovation but also challenges.Startups disrupted rentals with agile so

107、lutions but struggled with asset financing,leaving many innovations at risk due to lack of funding.The focus is shifting to digital tools over disrupting rentals.Asset-light models like Hiflow thrive by offering complimentary services.Sharing models(bikes,cars)have failed,likely due to market immatu

108、rity and capital losses.Startups excel in areas like battery certification and digital inspection toolsleveraging data and AI where traditional players lack expertise.These are emerging opportunities with strong growth potential“Dealroom.co.Data as of Jan 14th 2025.*Mobility refers to the“Transporta

109、tion”industry in Dealroom.For details see methodology and definition.Search,buy&rent With$422M raised in 2024,the search,buy and rent sector has plummeted by 72%since its record high year in 2022.Search,buy&rent With$422M raised in 2024,the search,buy and rent sector has plummeted by 72%since its re

110、cord high year in 2022“With new and used car sales likely to be challenging in 2025,we expect dealers to have an even sharper focus on their maintenance operations to help drive profitability.New AI-driven tech will play a pivotal role in achieving improved workshop optimisation,with dealers benefit

111、ting from increasingly granular data.AutoBI,a business we bought in 2024,is a prime example of how AI can be utilised to produce more granular analysis,helping dealers benchmark their performance and strive for best in class efficiencies and profitability.This tech is already having a transformative

112、 impact on aftersales by providingactionable insights which guide retailers on how to increase workshop productivity and efficiency,with technicians working smarter,not harder.This in turn leads to reduced idle time and improved recovery rates.Across a dealer group just a 1 increase in the recovery

113、rate can add thousands of pounds to the bottom line.In our sector we have seen how embedding digital payment solutions for after sales customers can accelerate the approval process by up to an hour often while cars are still on ramps,leading to improved throughput.Using tech in this way to deliver t

114、angible customer benefits can also help boost conversions of urgent and advisory work and retention rates.”James JacksonCEO&Co-Founder at BumperPage/36 Page/37 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSP

115、IRATIONIt is also one of the most unfair sources of emissions.Only about 1%of people cause half of global aviation emissions,while around 80%of the world population do not fly at all.Air travel is also heavily subsidized by governments.The aviation industry also pays zero duty on its fuel and is exe

116、mpt from VAT,which amounts to tens of billions of euros each year in Europe alone.Dealroom.co recap based on insights and analysis from Sustainability in The Air,Transport&Environment,Sustainable Aero Lab,International Civil Aviation Organization(ICAO)Alban NegretHead of Group Innovation and Corpora

117、te Venture at Groupe ADPMeanwhile,major American OEM like Joby Aviation,Archer,and Beta Technologies have received additional large liquidities,while China has certified its first aircraft and is developing low altitude networks at great speed.Despite the pioneering demonstration in Paris with 5 ope

118、rational vertiports and flights over Versailles castle,the first commercial air routes should emerge outside the Old Continent,in Dubai or in the United States by 2026.Opportunities in the infrastructure development business for these new mobilities remain,to enable especially the launch of flying a

119、mbulances for emergencies and quick sub-urban air connections to airports.Public acceptance has progressed in 2024 but is still the main challenge,apart from safety demonstration of the technologies,but market trends are strong to decarbonize and substitute helicopters traffic and contribute to the

120、advent of carbon-free aviation.3.5%:Aviations current impact on climate change when considering also non-CO impacts on climate into account,such as the contrail warming effect.47%:Aviations projected emission increase by 2030,when the Paris agreement calls for a 45%reduction and the EU targets 55%.2

121、0%:Aviations global share of emissions growth by 2050,if left unchecked,up from 3.5%today.Aviation is not on track to meet sustainability targets:0.5%:Share of Sustainable aviation fuel(SAF),mostly biofuel,in total jet fuel use in the EU.35:New electric and hydrogen aircraft models developed globall

122、y for very short distances.Many of which,European startups.$175B:Estimated annual innovation budget required for reaching net-zero aviation,5x more than current levels.Technological progress and industry adoption is advancing,but more is needed:SAF“sustainability”is not guaranteed due to land use ch

123、ange or electricity related emissions.Beyond SAF adoption,It is estimated that all new aircrafts from 2035 should be zero emissions to hit sustainability target.In an ambitious scenario,this could mean 23,000 aircrafts by 2050 in Europe alone.Vehicle production&mobility-Sustainable aviationSustainab

124、le aviation is a pressing climate imperative.Progress is accelerating,but still far behind what is needed to hit decarbonization milestones“The Advanced Air Mobility market was turbulent in 2024,particularly in Europe with certification delays and insolvency procedures for Lilium(saved in extremis)a

125、nd Volocopter.Meanwhile,major American OEM like Joby Aviation,Archer,and Beta Technologies have received additional large liquidities,while China has certified its first aircraft and is developing low altitude networks at great speed.Despite the pioneering demonstration in Paris with 5 operational v

126、ertiports and flights over Versailles castle,the first commercial air routes should emerge outside the Old Continent,in Dubai or in the United States by 2026.Opportunities in the infrastructure development business for these new mobilities remain,to enable especially the launch of flying ambulances

127、for emergencies and quick sub-urban air connections to airports.Public acceptance has progressed in 2024 but is still the main challenge,apart from safety demonstration of the technologies,but market trends are strong to decarbonize and substitute helicopters traffic and contribute to the advent of

128、carbon-free aviation.”Alban NegretHead of Group Innovation and Corporate Venture at Groupe ADPPage/38 Page/39 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDealroom.co.Data as of Jan 14th 2025.Select

129、 rounds in European sustainable aviation in 2024 view onlineSustainability-Climate TechSustainable aviation investments have ramped up in the last three years and 2024 was the second most active year ever.European VC funding in sustainable aviation startups$01m(pre-seed)$14m(seed)$415m(series A)$154

130、0m(series B)$40100m(series C)$100250m(mega rounds)$250m+(mega+)CompanySegmentRounde-Fuel118m SERIES BElectric aircrafts$107m SERIES BRoute planning45.0m GROWTH EQUITY VCHydrogen-electric aircraft20.0m SEEDHydrogen-electric aircraft$26.2m SERIES CHydrogen-electric aircraft$20.0m SERIES AElectric airc

131、rafts$10.0m EARLY VCSustainability-Climate TechSustainable aviation investments have ramped up in the last three years and 2024 was the second most active year everPage/40 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTF

132、OOTERInvestment numbers refer to rounds such as Seed,Series A,B,C,late stage,and growth equity rounds.Venture capital investment figures exclude debt or other non-equity funding,lending capital,grants and ICOs.Buyouts,M&A,secondary rounds,and IPOs are treated as exits:excluded from funding data.Inve

133、stment rounds are sourced from public disclosures including press releases,news,filings and verified user-submitted information.Reporting lag up to 12 months may slightly affect statistics at early-stage,especially pre-seed rounds.Companies designed to grow fast.Generally,such companies are VC-inves

134、table businesses.Sometimes they can become very big(e.g.$1B+valuation).This report focuses,unless specified,on companies in the information age,i.e.after 1990.When startups are successful,they develop into scaleups(50 people),grownups(500 people)and result in big companies,like NorthVolt or Arrival.

135、A unicorn is defined as a rapidly scaling company(and tech enabled)that has reached a$1 billion valuation,on the basis of a funding round(unrealised),acquisition or IPO(realised).This report focuses on the Mobility industry.This industry is referred as“Transportation”in the Dealroom taxonomy.The tra

136、nsportation industry is divided into the following sub-industries:Mobility,Search,Buy&Rent,Maintenance&Aftermarket,Navigation&Mapping,Autonomous&Sensor Tech,Vehicle Production,Logistics&Delivery.A precise definition can be found here.Sub topics like micro mobility and EV battery are represented by t

137、ags in the platform.These topics can be under one single industry/sub industry or across multiple of them.TaxonomyVenture capital investmentStartups,scaleups,grownups and techDealroom.coVenture capital methodology and definitions.Clment GuillemotDirector of Startup&Open Innovation ProgramsAt Via IDEglantine DupuyResearch Associate At Dealroom.coVincent CabanelVC AssociateAt Via IDPierre GonnetCorporate Innovation Manager&Head of Mobility ClubAt Via IDLorenzo ChiavariniResearch LeadAt Dealroom.coAuthors