- 2021 was a blockbuster year in auto VC — and this year might not be as slow as some are predicting.
- Despite the market downturn, plenty of VCs are still looking for new investment opportunities.
- Here are 27 of the top venture capitalists still investing in auto tech.
Last year was a blockbuster year for venture capital in the mobility and transportation space. These startups raised a record $97.7 billion in funding in 2021, according to PitchBook — a combined $68.8 billion of which was spent on last-mile delivery, autonomous driving, and electric-vehicle companies.
Investors bet big on all sorts of auto startups last year, like Rivian, Redwood Materials, Ample, Lilac Solutions, and more. They were also bullish on charging, and the space saw no signs of this slowing.
This year is a different story. The space saw just $13.9 billion in funding in the first quarter, a 43% drop in deal value year-over-year, with the total number of deals declining 20% since the same period last year.
At first glance, that’s not a good sign for the hundreds of entrepreneurs chasing funding. But VCs are still investing. They’re just placing fewer bets, and focusing on those startups they think have the highest chance at success.
Insider compiled a list of 27 of the venture capitalists that specialize in investing in automotive and mobility startups, based on a review of their investments in the sector.
Here are the top auto-tech investors to put on your radar.