Investment Into Auto Tech On Pace To Break Annual Records

Investment Into Auto Tech On Pace To Break Annual Records

Investment Into Auto Tech On Pace To Break Annual Records

“Not all the Auto tech investment action is in the USA!

2015 marked a record year for deals to auto tech startups as a growing host of private companies have begun targeting various categories within the automotive ecosystem. In 2016, investor interest has been further piqued by deep-pocketed corporates on the hunt in the space, with GM acquiring self-driving tech startup Cruise in March as well as Verizon purchasing connected vehicle company Telogis in June.

With these developments in mind, we used CB Insights data to analyze how financing trends in the space have evolved in 2016. We define auto tech as companies that use software to improve safety, convenience, and efficiency in cars, specifically looking at:

  • Assisted Driving/Autonomous Software
  • Driver Safety Tools
  • Connected Vehicle/Driving Data
  • Fleet Telematics
  • Vehicle-to-Vehicle Communication
  • Auto Cybersecurity

With $450M invested across 36 deals to date, 2016 is off to an even hotter start than last year, with a funding total already just shy of 2015′s full-year figure of $478M. At their current run rates, both deals and dollars to private auto tech companies are on track for fresh annual highs. If dollar funding in particular sustains its momentum, it will finally eclipse the mark set in 2013 (which was largely attributable to a $400M financing to Mobileye).

As autonomous driving startups have caught the eye of investors and industry observers alike, it’s not shocking that the biggest deal thus far went to Zoox, which completed a $200M financing towards the close of June from investors such as DFJ and Lux Capital.

Over half a dozen other early-stage self-driving startups have also raised in 2016 to date, including five that we examined in early June and the UK-based FiveAI just this week.

Other fields of auto tech have seen strong interest as well. Nexar and Pearl Automation raised in June, with both startups leveraging smartphones to provide advanced driver safety and assistance tools. Nexar is building an AI-based dashcam app, while Pearl is fielding a connected backup camera (with more products in the pipeline). Vehicle-to-vehicle and vehicle-to-X mesh network provider Veniam also closed its $22M Series B in February.

1-auto-tech-financing-q2-2016

Here in the UK you can also get invoved in the Auto tech investment with Cleancar. Clean car is an amazing tool to help individuals and organisations understand if their regular car journey or vehicle fleet transport usage is suitable for electric/hybrid vehicles plus calculates the exact cost savings and environmental benefits of making the switch.

CleanCar is crowdfunding soon – a switched on UK Auto tech startup! For more information on Cleancar crowdfunding please click on the following link to express your interest http://www.cleancar.io/content/

BUYING OR LEASING AN ELECTRIC OR HYBRID VEHICLE WILL BE THE SECOND BEST INVESTMENT YOU’LL EVER MAKE!BUT THE FIRST WILL BE THE DECISION TO INVEST IN CLEANCAR!

Source:https://www.cbinsights.com/blog/auto-tech-funding-h1-2016/

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