CB_Insights-移动经济状况：值得关注的投资和行业趋势（英文）-2021.6-77页_9mb

State Of Mobility: Investment & Sector Trends To Watch

Core Content Overview

The State of Mobility report provides an analysis of investment trends and sector developments in the auto and mobility industry in 2020 and beyond, highlighting the impact of the Covid-19 pandemic on the sector. It explores key areas such as electric vehicle (EV) technology, autonomous vehicle (AV) development, connected vehicle tech, auto commerce, bike and scooter tech, and mobility-as-a-service (MaaS).

Main Trends and Key Insights

Overall Auto & Mobility Trends

• Funding: Total funding to the auto & mobility sector dropped by 5% YoY in 2020 to $27.6B, following a 20% decline in 2019. Deals also fell by 21% YoY to 522.
• SPAC activity: In 2020, 22 SPAC deals were announced in the auto & mobility sector, with EV companies leading the SPAC lineup at 58% of total deals.
• Geographic shift: Asia and Europe gained deal share, while North America lost 4% over the year, with Europe reaching 25% and Asia at 39%.
• Sector maturity: The auto & mobility sector showed signs of maturation, with a shift toward later-stage deals and larger funding rounds.

Sector-Specific Trends

Electric Vehicle (EV) Tech

• EV tech companies raised a record $12.8B across 193 deals in 2020.
• OEMs were the largest contributors to funding, securing nearly $8B.
• EVs are positioned as a key solution to climate concerns, with favorable regulations in China and Europe.
• EV infrastructure saw increased focus, especially on charging networks and battery technology.

Autonomous Vehicle (AV) Tech

• AV companies received $7.3B in funding across 105 deals, a new peak for the sector.
• The average deal size increased to $104M from $89M in 2019, indicating stronger investor confidence.
• Major players like Waymo and Aurora are advancing their autonomous driving solutions and training technologies.

Connected Vehicle Tech

• Deals fell by 34% YoY to 70, and funding dropped by 52% to $1B.
• Investors shifted focus to electrification and autonomy due to the widespread adoption of connectivity solutions.

Auto Commerce

• Auto commerce saw a drop in funding in 2020, but e-commerce enablement companies experienced high demand during the pandemic.
• Companies like Cars24, Creditas, and Kavak emerged as unicorns in 2020, reshaping the car buying and selling process.

Bike and Scooter Tech

• Funding rose by 52% YoY to $2.4B, driven by pandemic-induced demand for socially distant transport.
• Despite growth, investor skepticism remains about the long-term viability of shared mobility platforms.

Mobility-as-a-Service (MaaS)

• Funding to MaaS companies dropped by 20% YoY to $6.3B across 116 deals.
• Ride-hailing was heavily impacted by lockdowns and social distancing measures.

Key Players and Investments

Major Investors

• Amazon:

  • Acquired Zoox (autonomous passenger vehicle).
  • Partnered with Rivian to develop electric delivery vans.
  • Strategic investments in Aurora and Deliveroo.

• Google (Alphabet):

  • Invested in Lime (scooter-sharing) and Waymo (autonomous driving).
  • Partnered with Daimler, Fiat Chrysler, and Volvo for self-driving tech.

• Microsoft:

  • Invested in Cruise for cloud computing and autonomous driving.
  • Expanded partnership with Volkswagen for connected and autonomous vehicles.

• Other Notable Investors:

  • SoftBank Group, DST Global, Tiger Global Management, and Index Ventures.

Notable 2020 Unicorns

• Cazoo (EVs): $2.5B valuation.
• Scale AI (AV training): $4.2B valuation.
• Applied Intuition (AV development): $1.3B valuation.
• Kavak (Auto commerce): $1.2B valuation.
• Cars24 (Auto commerce): $1B valuation.
• Via (MaaS): $2.3B valuation.
• Socar (Car-sharing): $1B valuation.

2021 Trends and Outlook

• EV tech continued to attract significant investment, with EVs at the center of climate change mitigation efforts.
• SPAC activity persisted into 2021, with EV infrastructure and AV tech leading the way.
• Commercial vehicle innovation gained traction, especially in logistics and delivery.
• Robotaxis and connected vehicle solutions are seeing renewed interest as safety and efficiency become top priorities.
• Micromobility is evolving with new form factors and improved portability.

Summary of Key Findings

Conclusion

The auto & mobility sector is undergoing significant transformation, with EVs and AVs leading the innovation and investment curve. While Covid-19 initially disrupted deal activity, it also accelerated the adoption of digital and sustainable solutions. Asia and Europe are gaining momentum, and major tech players like Amazon, Google, and Microsoft are driving the future of the industry through strategic investments and partnerships.