Diplomats_Society_Mobility_01.jpg

Europe's Mobility Sector

Booming consumer interest in micro mobility

and online delivery

Across 2020, the limits put on the movement of goods and people by coronavirus has forced the mobility sector to reimagine itselfBack in March and April, it looked like several of the much-hyped scooter and food delivery startups in Europe were going to have a very rocky year — but nearly all have bounced back again, buoyed by booming consumer interest in micro mobility and online delivery

New data from VC firm White Star Capital shows that, despite these hiccups, the amount of funding going into the European sector in 2020 is nearly at last year’s level. What’s more, the continent’s investment has dipped the least out of all areas around the world.

The content to be read here is part of a report by Freya Pratty about Europe's mobility sector in 2020.

 

The full report can be read on >> sifted.eu

In 2020, Europe’s seen the same number of deals so far as Asia, but the total value is considerably less. The US saw more deals than both Asia and Europe, but the value per deal was significantly less than Asia.

Europe’s mobility sector is maturing

In line with the mobility sector around the world, Europe’s mobility deal landscape is maturing, with more and more companies securing later stage deals. 20% of deals secured by European mobility companies are now at Series C stage or later, an 146% increase on the share that later stage deals represented in 2018.

European exits

Along with North America, Europe has been the most active region in terms of the number of exits by mobility companies across the last decade. Notable European exits in the mobility sector include British company Just Eat which IPOed in 2014, valued at $2.4bn at the time, and Germany’s DeliveryHero which went public in 2017 at a value of $4.9bn. 

Urban mobility

American companies like Uber and Asian companies like Grab dominate the urban mobility space — Uber raised $20bn whilst private and Grab’s raised $10.5bn to date.

 

There are strong urban mobility players in Europe, however, like micro mobility company Tier, from Germany, which has raised $360m so far, as well as fellow scooter startup Voi, from Stockholm. 

Micro mobility continues to be a key area for European mobility more widely. European cities, on average, are three times denser than US cities, meaning they’re ideally suited for micro mobility options: 34% of trips are made by bike or on foot in Europe compared to 4% in the US. 
 

Clean mobility

China leads the way in terms of electric vehicles, but sales in Europe have risen — in the first quarter of 2020 they rose by 25% while sales declined in China and the US.

 

The increase in Europe was largely driven by German manufacturers Volkswagen and BMW, and encouraged by the European Commission’s focus on reducing emissions by at least 55% compared to 1990 levels by 2030.

The content and images provided in this article for informational purposes are featured and copyright protected by multiple notable members of the community: 

 

sifted.eu

Diplomats Society is looking forward to receive questions, opinions and best practice examples from all interested stakeholders. For everyone interested in participating and contributing content that will be provided to ambassadors, decision-makers, politicians, stakeholders and potential investors all over Europe please don't hesitate to contact us:

media@diplomats-society.com

Sign up for our Newsletter

Diplomats Society | Berlin, Deutschland

IMPRINT  |  ©  DGDA Diplomatische Dienste GmbH. All rights reserved.

We love Cookies. By visiting our site, You agree to our Policy. Errors and omissions excepted.