VC Activity & Trends May 2022 – Investments in Mobility Startups
The Venture Capital market is going through a slow phase. There is definitely some slow down in funding activities in May 2022. However, VC funds are doubling down on the promising startups and looking for a profitability path.
May 2022 is another exciting month for mobility startups as the number of deals has reduced but the median deal size is increased. VC and Corporate Venture Capital (CVC) invested money in:
Electric vehicles and charging infrastructure
Autonomous
Subscription services
According to the Mobility Innovators funding tracker, 30 startups raised $1.68 billion in a just month. The smallest funding was $1 million (seed) by Hala Mobility 🛴 and the largest round of $215 million by Inspiration Mobility 🚙.
The funding trends in the last 5 months are as follows:
There is a shift from seed/pre-seed rounds to growth stage / later rounds. Out of 32 deals, only 25% of deals are in the pre-seed / seed stage. VC firms are doubling down more on existing deals, which is in line with current market trends.
List of startups that raised funding
🏍️ Revamp Moto (Seed) – $1 million
💻 AUTOCRYPT (Series B) – $25.5 million
📲 Iomob – The Internet of Mobility – Undisclosed
📲 Gridwise (Series A) – $12.7 million
🚛 Booster (Series D) – $125 million
🚚 LogRock Inc. (Seed) – $3.5 million
🏍️ eBikeGo® (Seed) – $3.5 million
🛴 Hala Mobility (Pre-seed) – $1 million
🚗 FINN (Series B) – $110 million
🚙 BluSmart (Series A1) – $25 million
🔌 SparkCharge (Series A) – $23 million
🤖 Minus Zero (Seed) – $1.7 million
🤖 Sensible 4 (Debt) – $8.5 million
🚗 Sylndr (Pre-seed) – $12.6 million
🌍 NextBillion.ai (Series B) – $21 million
🚗 Caribou (Series C) – $115 million
🚙 Inspiration Mobility – $215 million
🚕 Cabify (Debt) – $43 million
📲 Oriient (Series A) – $11 million
🚶🏽 Bliq (Series A) – $13.5 million
🔋 6K (Series D) – $102 million
🔌 ChargeLab (Series A) – $15 million
🚌 Optibus (Series D) – $100 million
🏍️ Ather Energy (Series E) – $128 million
🚛 MoEVing (Pre-Series A) – $5 million
🚙 #MapleLeaf – Undisclosed
🚲 GetHenry (Seed) – $17.4 million
📲 Bookaway (Series C) – $35 million
🚗 Moladin (Series B) – $95 million
🚤 Seadronix Corp. – $5.8 million
🔋 Group14 Technologies – $400 million
🚌 RideTandem – $2.5 million
Check out the link to read more details about funding rounds.
Photo: Andre Bogard / Forbes