Village of 100: The Automotive Industry Represented by 100 Startups
This report gives you a clear-cut overview of what the automotive industry looks like represented by 100 global startups. More specifically, you get answers to some of your most burning questions in the Village of 100 Startups graphic below. The graphic highlights how many startups are enabling electrification, how many raised more than $1M, and how many have female founders. Additionally, you get to discover three emerging automotive startups to watch.
Our Innovation Researchers analyzed 4.524 startups to answer these three questions, taking into account factors such as founder demographic, funding, founding year, locations, and more. The data behind this comes from the StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. And while we looked at a few parameters here, the platform provides you with an extensive range of filters to ensure you discover the right startups and innovations for your needs.
Over 1 in 6 Startups are Enabling Electrification
17% of all automotive startups develop solutions for electric vehicles (EVs). Automotive startups usually develop solutions for different aspects of electric mobility, including batteries, electric propulsion, and wireless charging. Emerging vehicle connectivity solutions allow sharing of electricity between the EVs and the grid.
AVEVAI is a Singaporean startup that manufactures electric vehicles for urban logistics. The startup’s vans, trucks, and 3-wheelers enable clean and efficient last-mile delivery.
Over 1 in 4 Startups Raised $1M or more
Among automotive startups that have raised any funding in the last 5 years, 26% have raised over $1M. In recent years, electric vehicles and shared mobility startups have raised hundreds of millions in funding from venture capitalists.
The US-based startup Sibros provides solutions for the connected vehicle ecosystem. The startup’s platform manages end-to-end vehicle software and data lifecycle, helping automotive manufacturers build better connected vehicles. Earlier in 2020, the startup raised $12M in Series A funding.
1 in 6 Automotive Startups have Female Founders
16% of all automotive startups have at least one female co-founder. Though there’s been significant progress lately, the industry remains one of the least attractive in retaining women leaders.
Cartica is an Israeli startup developing AI solutions for autonomous vehicles. The startup’s low power consuming, unsupervised AI provides robust visual perception in all conditions. Cartica was founded by Karina Odinaev and Igal Raichelgauz.
The Global Distribution of Automotive Startups
The Global Distribution Map below highlights the geographical distribution of pharma startups globally. 74% of the startups in the industry are located in either North America or Europe. Asia-Pacific also houses 900+ startups developing solutions ranging from predictive analytics and deep learning to robotics.
What else is happening in the Automotive Industry?
Many automotive startups are working on a range of sensors that advance autonomy, vehicle connectivity, and shared mobility. As cars become smarter, interior design and comfort solutions ensure that they are equally comfortable as well. Vehicle data startups, aided by data security solutions, ensure smart repair and maintenance, deliver vehicle insurance, and provide feedback for automotive manufacturing. Lastly, startups are also integrating newer technologies like blockchain and the Internet of Vehicles (IoV).
Are you looking for innovative automotive solutions or technologies? Explore our Top 10 Automotive Industry Trend Report or let us do the work for you. We keep you up-to-date on the latest technology and emerging startups and give you actionable innovation intelligence – quickly and exhaustively.