Turismo
Start-ups Steering Growth and Innovation in the Global Automotive and Mobility Industry
Frost & Sullivan's latest analysis, , finds the total start-up funding across various technological verticals garnered $1.55 billion in 2016, with major investment focused on mobility, electrification and connected car technologies.
"By 2025, mobility solution revenue is expected to reach €1.89 trillion, and OEMs will look to capitalize on this by acquiring or investing in mobility start-ups across the globe," said . "Tier 1 suppliers are also engaging in acquisitions and investments in start-ups in order to enhance their existing portfolio, gain a competitive edge, and become one-stop solution providers as evinced by Delphi's acquisition of Movimento, Microsoft's acquisition of Maluuba, and Harman's investment in aftermarket head-up display provider Navdy."
Developments and trends driving automotive and mobility start-up growth include:
"In the future, all OEMs will look toward digitalization of their ecosystem; Increasing digital retail and adoption of blockchain technologies will be critical success factors," noted
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