VC Activity & Trends January 2023 – Investments in Mobility Startups
The funding in the mobility sector had a slow start in 2023 as the overall funding market is down. Only 27 startups raised funding of $704 million in January 2023, compared to 27 startups that raised $2.53 billion in January 2022, a decline of more than 65%. Overall, 2022 was a great year for the startups in the mobility and logistics sector as 383 startups raised $24 billion in the year.
VC funds are doubling down on later-stage rounds compared to seed and pre-seed rounds. However, the investors are backing early-stage startups. VC and Corporate Venture Capital (CVC) continued to invest money in:
🔌 Electric vehicles and charging infrastructure
🚁 Urban Air Mobility
💧 Hydrogen
According to the Mobility Innovators funding tracker, 27 startups raised $703 million in a just month. The smallest funding was $265K (Seed) by eWaka 🛵 and the largest round of $150 million by Archer Aviation 🚁.
The funding trends in the last 13 months are as follows:
VC investors continued to invest in the growth stage / later rounds, compared to pre-seed/seed rounds. Out of 27 deals, only 25% of deals are in the seed / pre-series A stage. VC firms are doubling down more on existing deals, which is in line with current market trends. There is increased interest in alternative funding options.
List of startups that raised funding:
🏍️ eWAKA Mobility Limited Bike hailing (Debt) – $540K
🛴 Bounce Infinity (Bridge) – $20 million
🔌 Orange EV (Pre-Seed) – $2.5 million
📲 Park+ (Series C) – $17 million
💧 Hype – $16.1 million
💧 HySiLabs (Series A) – $14 million
🚛 Locad (Series A) – $11 million
⛽️ FuelBuddy – $20 million
🚜 Cellestial Emobility Private Limited – $6 million
🔌 AMPECO – $16 million
🤖 Oxbotica (Series C) – $140 million
🤖 Waabi (Strategic) – Undisclosed
💧 Atawey Hydrogen – $27 million
🔌 ElectricPe (Pre-Series A) – $5 million
🤖 ProovStation – $11.1 million
🚦 vialytics (Series A) – $11 million
🚲 VUF Bikes – $3.2 million
🚗 Caura (Seed) – $4.2 million
🔋 Log9 Materials (Series B) – $30 million
🤖 Holo – Undisclosed
🌍 FocalPoint (Series C) – $28 million
🚙 Betterway – $4.3 million
🚐 Traxi (Seed) – $1.1 million
🚁 Dufour Aerospace (Series B) – Undisclosed
🤖 Outrider (Series C) – $73 million
🚁 Archer (Strategic) – $150 million
🚁 Eve Air Mobility (Debt) – $92.5 million
Check out the link to read more details about funding rounds.
Photo: ©Archer