2020 was marked by a surge in SPACs, and the mobility tech industry was along for the ride. Last year, 26 companies in the sector merged or began the process of merging with a blank-check company, representing a combined valuation of over $100 billion.
Here is what is explained in their Q4 Report:
The wave of mobility SPACs underscores the exit potential for venture-backed companies, and it’s likely to drive capital back to early-stage startups that have lost out due to the pandemic, according to our Q4 2020 Emerging Tech Research report on mobility tech.
Other highlights include:
- VCs poured $10.5 billion into mobility tech companies in Q4, a drop of 7.5% compared with Q4 2019, though the annual investment total remained nearly flat
- The flurry of SPAC debuts has validated the path to exit for mobility companies, while a 31.6% drop in median early-stage valuations presents opportunities to invest
- Emerging areas such as autonomous driving, micromobility and electric air taxis are poised to shepherd in future investment dollars
You can read the report on the following link.