Dealroom report – State of European mobility startups 2023

Key learnings:

1. Funding Focus: EV battery and charging dominated funding, but overall VC investment in European mobility startups dropped by 26% in 2023.
2. Corporate Influence: Corporate funding in European mobility nearly matched VC funding, with corporates driving major acquisitions.
3. Sector Ranking: Mobility ranked third in European funding but fell to seventh without EV battery and charging segments.
4. Business Model Shift: SaaS and manufacturing now dominate funding, while marketplace models declined significantly.
5. Geographic Insights: The UK led in mobility funding, with positive growth in Norway and Italy, and London and Stockholm as top hubs.