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Mobility Innovators

YCombinator 2023
Innovation, Startup, Startup Showcase
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Interesting Logistics, Cleantech and Transportation Startups from Y Combinator S23 and W23 Batch

Y Combinator is one of the world’s prestigious accelerators in the world. The YC has funded more than 4,000 startups which have a combined valuation of more than $600 billion. Each year, YC runs two cohorts – Summer and Winter. In 2023, there are 208 startups in S23 and 271 in the W23 batch. It is one of the most difficult accelerators to join as more than 44,000 startups apply for each cohort, i.e. a success rate of 0.5%. The founders need to make their pitch in 10 minutes which decide if they are in or not.

Building a successful venture is a process and requires lots of grit and passion. YC has explained the startup process in their office:

YCombinator - Process

YC follows a standard deal for all its investments and invests $500,000 in every company which is part of the cohort on 2 separate SAFEs (Simple Agreement for Future Equity):

  • Invest $125,000 on a post-money safe in return for 7% of the company (the “$125k SAFE”)
  • Invest $375,000 on an uncapped safe with a Most Favored Nation (“MFN”) provision (the “MFN safe”)

The MFN safe will take on the terms of the lowest cap SAFE (or other most favorable terms) issued between the start of the batch and the company’s next equity round. SAFE allows to give the company money now but at the terms which will negotiate with other investors later.

In S23 and W23, there are a wide variety of startups from different sectors and geographies. In this article, we have listed some of the interesting startups from logistics, electric vehicles, and transportation verticals.

truemetrics is based in Berlin, Germany, and provides logistics companies with precise delivery coordinates to guide couriers to their customer’s doorstep. The company is working with some of the biggest delivery companies including GLS, to speed up their drop-offs by 2-10 minutes.

Terminal, based in Toronto, Canda, is a Universal API for Telematics that makes it easy for developers to quickly integrate all of the leading telematics platforms into their applications. Terminal integrates telematics feeds from different sources with one APIs.

Elyos Energy is based in London, UK and helps companies save cost and reduce carbon emissions by shifting electricity consumption outside of peak demand. The company connects to smart thermostats, HVAC systems, batteries, and EV chargers to automatically lower consumption during peak times. Elyos product offerings include Demand Response and Energy Optimization.

HyLight, based in Paris, France, builds and operates autonomous airships for long-range monitoring. The flying device is a crossover between drone and airship technology. Like a drone, it is easily controllable and transportable. And, like an airship, it is extremely energy-efficient, enabling them to fly for up to 10 hours at a slow speed (22mph) for optimal data collection which represents a range of 220 miles. Utilities and infrastructure companies can use it for gas leakage detection or defect on power lines. 

Conduit, based in San Francisco, USA, is building software for warehouses to automate scheduling with truckers. The software can be easily integrated with shipper transportation and warehouse management systems, as well as carrier and broker systems. Conduit simplifies the entire appointment booking process for warehouses, provide real-time updates for transportation, and offer real-time insights, predictive analytics, and reports to plan labor efficiently

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Stralis Aircraft, based in Brisbane, Australia, is building hydrogen-electric aircraft. The company will launch the first product in 2026 – a 15 seat aircraft with a range of 800 km. The company has $145M in aircraft LOIs from 7 airlines in the US, Europe, and Australia. The first product to market will be a modified Beechcraft 1900D. The conventional turbine engine and kerosene fuel system is replaced with our novel Hydrogen Electric Propulsion System (HEPS) and liquid hydrogen storage tank.

Sirdab, based in Riyadh, Saudi Arabia, is building a cloud warehousing & supply chain platform in MENA. The company has built an end-to-end logistics platform that allows businesses to acquire dry, ambient, chilled, and frozen warehousing space within 48 hours as well as manage, optimize, and distribute inventory via a single platform. Sirdab serves SMEs in the retail, consumer goods, food and beverage, entertainment, and industrial and manufacturing industries.

Radical

Radical, based in Seattle, USA, is building high-altitude solar-powered aircraft, which can fly at 70,000 feet, autonomously navigating in the stratosphere. The plane can be used to provide cell service, collect multi-spectral imagery, or to carry weather and climate sensors. The aircraft can able to fly continuously in the stratosphere without landing.

Trackstar

Trackstar, based in New York, USA, is the Plaid for supply chain logistics. The company is building Universal API for Warehouse Management Systems. Universal API allows a simple and well-documented way for companies to integrate with hundreds of warehouse management systems.

About The Author

Jaspal Singh is the Founder of Mobility Innovation Lab (MIL) and Host of the Mobility Innovators Podcast. If you are working on innovative ideas and solving mobility and transportation issues, please feel free to reach out. He loves to talk about startups, mobility, and technology.

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