The transportation technology industry has seen 2,709 investors and $162B total all time funding. Let’s analyze which transportation technology categories have the most number of investors actively financing the startups. The graphic below highlights transportation technology categories based on the number of investors in each category.
As the graphic demonstrates, Smart Mobility has the highest number of investors at 635, with Enhanced Auto Ownership following behind at 588. Smart Mobility companies provide solutions for increasing sustainability in how transportation is conducted within cities. Enhanced Auto Ownership companies allow for new methodologies to buy, rent, and own cars. In addition, the average number of investors across all transportation technology categories is 277.
This blog post examines the different components of the transportation technology ecosystem. We will illustrate what the categories of innovation are and which categories have the most companies. We will also compare the categories in terms of their funding and maturity.
Automotive Telematics Is The Largest Transportation Technology Category
Let’s start off by looking at the Sector Map. We have classified 1430 transportation technology startups into 17 categories. They have raised $163B from 2710 investors. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in each category.
We see that Automotive Telematics is the largest category with 213 companies. This category contains companies that collect, analyze, and distribute car data. This data is used by owners to optimize their automotive use. Their products include on-board data readers, diagnostic tools, and notifications to mobile devices. Some example companies in this category are Zubie, Otonomo, Airbiquity, and CloudCar.
Let’s now look at our Innovation Quadrant to find out the funding and maturity of these categories in relation to one another.
The Pioneers Quadrant Has the Most Transportation Technology Categories
Our Innovation Quadrant divides the transportation technology categories into four different quadrants.
We see that the Pioneers quadrant has the most number of transportation technology categories at 10, accounting for 59% of all transportation technology categories. The V2V Communications category has the highest average age, and the Ride Hailing category has the highest average funding. On the other hand, the Smart Parking and Car Sharing categories are low on both average funding and age.
For this quarter’s funding analysis, let’s examine how average funding event sizes in the transportation technology sector are evolving. The graphic below shows the transportation technology average funding event size over time by quarter.
As the graphic demonstrates, transportation technology average funding event size in Q1 2019 was at $115M, which increased by 47% from the $78M last quarter. The average funding size has been on a general upward trend, with the average funding size last quarter about twice as large as it was 5 years ago. The top three funding events in Q1 2019 include a $1.5B round from Chehaoduo, a $1.46B round from Grab, and a $940M round from Nuro.
As we progress through Q1 of 2019, let’s look back on 2018 and analyze how funding in the transportation technology sector compares to previous years. The graphic below shows the total annual transportation technology funding amounts over time.
As the graphic demonstrates, 2018 saw a drop in transportation technology funding compared to the previous year. The $38B in 2018 represents a 23% decrease from the $49B in 2017, which was the highest year on record. However, transportation technology funding is still on an upward trend, with a 5-year CAGR of 63% from 2013 to 2018. Some of the notable funding events in 2018 include a $2B round for Uber, a $1.5B round for Go-Jek, a $1B round for Grab, and a $1B round for Lucid Motors.
The transportation technology industry has seen $158B in total all time funding. Let’s now examine the investors financing the transportation technology sector and identify the most active firms.
The graphic below highlights transportation technology investors based on the number of investments made in the sector. If an investor participates in two investment rounds in the same company (such as a Series A and Series B), that would qualify as two investments for this analysis.
As the graphic demonstrates, Y Combinator has made the most investments in the transportation technology sector with 42 investments. Sequoia Capital follows with 41 investments. Examples of companies that Y Combinator has invested in include Convoy, Embark Trucks, Skip Scooters, and Automatic. The three CVCs rounding out the list include Tencent Holdings, BMW i Ventures, and Qualcomm Ventures.