Tech Tour Mobility Summit 2019: Investment in European mobility companies is accelerating in 2019
Silverpeak were delighted to sponsor the inaugural Tech Tour Mobility Summit 2019 in Munich last week.
With 70+investors and corporates and 30 pre-selected Scale-ups in six Mobility tech tracks, the event enabled attendees to deep dive into the future of Mobility.
Pietro Strada, Silverpeak Managing Partner, spoke on the financing environment for growth capital (B and C rounds) where data shows that the investment in European mobility companies is accelerating in 2019 in terms of both number of deals and invested amount.
“There are many different players who want to be at the forefront of mobility the sector: some are entirely new entrants, some have to complement their traditional revenues as they come under threat. We expect to see significant investment activity and consolidation over the next few years” said Pietro, “We know this space very well having recently advised Oxbotica, the autonomous vehicle software company, and Ticketer, the public bus ticketing and fleet management company.”
David Ford, Director, who moderated the ‘Smart Mobility’ session, said, “The urban transport sector is on the cusp of great change, thanks to a confluence of new technologies. From self-driving cars, to Mobility-as-a-Service (MaaS), to shared mobility and convenience apps – the potential is truly extraordinary.”
Last month Silverpeak updated its research report “The Future of Urban Transport”.