• Later Stage venture capital has been experiencing significant increases over the past four years. At over the same period, Early Stage VC dropped off precipitously. In 2018, Early Stage VC made up 83 percent of all Transport and Mobility investment, but in 2021, less than one percent ($61.3 million) came from Early Stage VC. As a result, Later Stage VC has begun to dominate the Transport and Mobility space, making up 76 percent of all investment in the sector. One possible reason for this is the maturation of the personal EV sector, which makes up a large proportion of the investment in Transport and Mobility. As fewer car companies are being formed, and more are honing their craft, it would not be surprising to see this trend continue in the short term. While there has been some transportation and mobility investment under the Accelerator/Incubator category since 2016, the amount is insignificant in comparison to other categories and therefore does not appear in this figure.
  • Although there has been greater investment in Transport and Mobility in 2021 than in 2020, there have been far fewer deals at this point in 2021. There were 69 deals completed in 2020, but only 38 so far in 2021. Even if the two years were placed in year to date format, there would still be eight more deals (46) in 2020 than there have been in 2021.
  • There have been significant “Other” investments in Transport and Mobility over the past two years. Private Investment in a Public Entity (PIPE) has accounted for $1.9 billion of the $2.5 billion “Other” funding in 2020 and 2021, which represents the first time that PIPE funding has occurred in the Transport and Mobility industry. This money went to Fisker ($500 million), QuantumScape ($500 million), Proterra ($415 million), and Canoo ($300 million). This money came from investors such as BlackRock, Franklin Templeton, and Fidelity Investments. It is clear that larger investors are placing serious investment in both commercial and personal EVs, and it will be interesting to see if this trend extends over to other Clean Tech spaces.