Sector Snapshot Key Trends in Dealmaking Mobility

Sector Snapshot: Key Trends in Dealmaking 2 | Mobility The mobility ecosystemwas one of the primary innovation and venture hotbeds that dominated headlines and funding trends throughout the 2010s. From ride-sharing to autonomous vehicles to last-mile delivery, the sector saw some of the most prominent unicorns of the era – including Uber and Rivian – and some large controversies, such as Tesla’s Autopilot combining with human error. But in the early 2020s, trajectories changed. Much like many other sectors, 2021 saw a peak in venture dealmaking and a surge in potential liquidity as a spate of electric vehicle (EV) makers went public via Special Purpose Acquisition Companies (SPACs). Since then, venture dealmaking has slid steadily to just $3.9 billion across 139 transactions worldwide throughmid-March 2024, putting the year on pace for the lowest volume in a decade. However, that does not mean the pace of innovation in technical frontiers has slowed; rather, caution is paramount as business models and foundational tech evolve. Introduction *As of 03/18/2024. Source: PitchBook. Deal value ($B) Deal count 2018 2015 2020 2023 1,466 1,013 949 701 1,457 1,099 1,689 1,279 1,327 1,386 139 2014 2019 2016 2021 2024* 2017 2022 $44 $23 $35 $21 $9 $48 $34 $62 $4 $30 $31 Dealmaking has slid as caution & cost of capital rise Global VC deal activity –Mobility *As of 03/18/2024. Source: PitchBook. Aggregate Value ($B) Active Unicorns NewUnicorns 2018 2015 2013 2020 2023 2014 2012 2011 2019 2016 2021 2024* 2017 2022 Nearly 100 extant mobility unicorns pose significant pent-up liquidity Global unicorn aggregate flow -Mobility $70 $60 $50 $40 $30 $20 $10 $0 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 $350 $300 $250 $200 $150 $100 $50 $0 300 100 80 60 40 20 0