VC Activity & Trends September 2022 – Investments in Mobility Startups
The funding in the mobility sector bounced back strongly in September 2022 mainly due to follow-up rounds in many startups after touching the lowest point in August 2022.
September 2022 is the growth month for mobility startups. Only 36 startups raised funding of $2.49 billion in September 2022, compared to 28 startups that raised $943 million in August 2022.
VC funds are doubling down on later-stage rounds compared to seed and pre-seed rounds. VC and Corporate Venture Capital (CVC) continued to invest money in:
🔌 Electric vehicles and charging infrastructure
🔋 Battery recycling technology
According to the Mobility Innovators funding tracker, 36 startups raised $2.49 billion in a just month. The smallest funding was $800K (Seed) by Cogo 🛴 and the largest round of $1 billion by TeraWatt 🔌.
The funding trends in the last 8 months are as follows:
VC investors continued to invest in the growth stage / later rounds, compared to pre-seed/seed rounds. Out of 36 deals, only 22% of deals are in the pre-seed / seed stage. There is a big jump in the growth of deals. 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:
🔌 Kopperfield (Seed) – $5 million
🚙 Papaya (Seed) – $3.5 million
🔋 OneD Battery Sciences (Series C) – $25 million
🔋 Moxion Power Co. (Series B) – $100 million
🚁 SkyDrive, Inc. (Series C) – $66 million
🚙 PandaGo (Seed) – $4.3 million
🚌 AWAKE Mobility (Seed) – $4 million
🔌 ZEPLUG – $240 million
🔋 Sylvatex (SVX) (Series A) – $8.4 million
🔌 Bump (Growth) – $180 million
🤖 Seoul Robotics (Series B) – $25 million
🔋 Lithion Recycling Inc. (Series A) – Undisclosed
📦 1MRobotics (Series A) – $25 million
🔌 Monta (Series A) – $30 million
🚛 Denim (Series B) – $126 million
🔋 Iontra Inc (Series B) – $38 million
📦 Isometric Technologies (ISO) (Series A) – $15 million
🚌 HopSkipDrive (Series D) – $37 million
🚛 TruckSmarter (Series B) – $25 million
🔌 Stable Auto (Series A) – $14 million
🚤 Xeneta (Series B) – $80 million
🔌 Applied EV – $21 million
🚙 Leoparda Electric (Seed) – $8.5 million
💧 Quantron AG – $50 million
🔋 Esmito (Seed) – $1.2 million
🔌 TeraWatt Infrastructure (Growth) – $1 billion
🚁 Heart Aerospace – $10 million
📲 EVeez – Undisclosed
🛴 Yulu (Series B) – $85 million
🚁 Eve Air Mobility Evotl – $15 million
🛴 Cogo (Seed) – $800K
🚙 Lightyear – $81 million
🚛 TruKKer (Series C)- $100 million
🔋 tozero (Seed) – $3.4 million
🚙 Circuit (Series A) – $11 million
🔋 Ascend – $50 million
Check out the link to read more details about funding rounds.
Photo: TeraWatt Infrastructure