Some estimates indicate the mobility market of the future $178.7 billion by 2026, up from $78.1 billion two years ago. And in the last decade, investments of 400 billion dollars were made in the sector, with an investment of 100 billion dollars. from 2020.
But most VC funds are not experts in this field. This has opened up space to look specifically at electric powertrains, batteries, and broader electric and fuel cell solutions for mobility.
At least that’s the thesis behind the mobility fund Vektor Partners: which has raised a new €125m fund to tackle such areas.
Founded in 2020 as one of the few VC firms specializing in mobility, Vektor invests in what it says are “deep technology startups that leverage AI and software that enable scalable and category-defining SaaS/MaaS based businesses’ that move people and goods from A. B in a more efficient, greener and safer way.
Partners include Sebastian Bihari, who previously led the automotive technology investment bank; Chris Riley, former startup CFO; Isabel Falkenberg, ECG expert; and Valentin Menedeter, former head of Palantir Technologies and Speedinvest
Nielsen Ventures has led a $17.5 million Series A funding round with Vektor in NoTraffic, a platform that uses computer vision, machine learning and cloud integration for traffic management.
Other recent investments include German start-up Peregrine Technologies and Israeli technology company GuardKnox.