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
- Pony.ai 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: vitaly.golomb@drakestar.com | +1 415 683 6865
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