PitchBook report – Mobility tech report
Description
During Q4 2023, VC activity in mobility tech remained muted. Key mobility megatrends continued
to soften. In the US, demand for EVs slowed with days of dealer inventory growing to over
100—nearly double that of typical dealer averages—while demand for hybrids surged with days
of dealer inventory in the 20s for key brands such as Toyota and Honda. Autonomous driving
suffered another blow as GM pulled back investment in its Cruise division and announced layoffs
following California’s suspension of its license to operate its autonomous fleet in San Francisco.