Global Mobility Tech Industry Update | Q1 2022

SAN FRANCISCO | April 28th, 2022 – Drake Star Mobility & Sustainability Team is thrilled to announce the release of its Q1 2022 Global Mobility Tech Industry Update:


SPAC activity was dramatically lower compared to Q1 2021

  • Atlantic Coastal Acquisition Corp. II raised $300 million in an IPO focused on mobility acquisitions
  • Leading EV battery swap company Gogoro goes public on the Nasdaq
  • Gett and Rosecliff Acquisition Corp. agree to terminate the business combination agreement
  • Michael Andretti heads up SPAC to raise $200 Million through IPO

Fundraising activity continues to be robust with over 170 rounds bringing in $10B in capita

  • Bolt raises $709M at an $8.4B valuation
  • receives $8.5B valuation in latest raise
  • Freight forwarding company Flexport raises nearly $1 billion in funding; adds Shopify, Michael Dell as investors

Announcements in Q1 showed exciting developments in mobility infrastructure and autonomy

  • Nvidia has launched a new mapping platform that will provide coverage of over 300,000 miles by 2024
  • AECOM to develop infrastructure for Airlander hybrid airship
  • California issues permits to Cruise, Waymo for autonomous vehicle service
  • Balfour Beatty Vision 2 Reality announced the largest public US autonomous shuttle deployment yet


Drake Star Mobility & Sustainability Team:

Vitaly M. Golomb, Ron Rivera, Michel Taride, Ralf Philipp Hofmann, Lyle Finkler, Mark Joseph, Stefan Krause, Eric Wepierre


For further inquiries, please contact:

Vitaly M. Golomb

Partner | Drake Star

e-mail: | +1 415 683 6865


For further inquiries, please contact:

Vitaly M. Golomb
Partner Mobility & Sustainability Industrial Tech

San Francisco

Ralf Philipp Hofmann
Managing Partner, Member of the Executive Committee Consumer & Retail Tech Digital Media Software/SaaS Digital Services
Ron Rivera
Partner Mobility & Sustainability Software/SaaS

New York

Michel Taride
Senior Advisor Mobility & Sustainability


Stefan Krause
Senior Advisor FinTech Mobility & Sustainability

Los Angeles Geneva

Eric Wepierre
Senior Advisor Mobility & Sustainability


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