EIC Scaling Club has released a new market roadmap for the Smart Mobility sector. Market roadmaps are reports that provide a snapshot of the stakeholder members vision and insights on the state of the respective market in Europe. They are designed to help professionals and entrepreneurs in particular to grasp meaningful insights to build their scaling strategy.
You can find all EIC Scaling Club reports here: https://eicscalingclub.eu/club-reports
As for Smart Mobility, Europe is at the forefront of the global shift towards sustainable and intelligent transportation. The Smart Mobility market roadmap reveals that “Europe is a breeding ground for smart mobility scale-ups [despite] facing dense international competition and having to overcome highly fragmented regulations”.
Europe is responsible for 28% of the global VC funding in mobility funding in 2023 while leading the debate when it comes to global early-stage funding in the industry. Moreover, European startups in the Smart Mobility sector raised $9bn in 2023 making it the third most funded sector behind energy and health.
While Europe boasts a leading role in smart mobility funding and innovation, challenges persist.
Among the most pressing hurdles are:
With that in mind, the report underscores that, by working together, European companies can overcome these challenges and solidify the region's leadership in the global Smart Mobility market.
Europe's scaleups are already driving innovation, and find themselves at the forefront of the industry in areas such as autonomous charging, connected car technologies, drone delivery, shared mobility platforms, and more. Furthermore, advancements in technologies such as hydrogen and high-energy-density batteries are opening new avenues for innovation, paired with the increasing demand for sustainable, convenient, and efficient transportation solutions, points to the massive potential and impact of Europe's innovations in shaping the global tomorrow.
To learn more about the methodology and participants, as well as deep dive into a trove of further market insights and details, download the report here:
The EIC Scaling Club is a curated community where 120+ European deep tech scale-ups with the potential to build world-class businesses and solve major global challenges come together with investors, corporate innovators and other industry stakeholders to spur growth.
The top 120+ European deep tech companies will be carefully selected from a pool of high-growth scale-ups that have benefitted from EIC financial schemes, other European and national innovation programmes, and beyond.
The EIC Scaling Club is an EIC-funded initiative run in partnership by Tech Tour, Bpifrance (EuroQuity), Hello Tomorrow, Tech.eu (Webrazzi), EurA and IESE Business School.
Subscribe to our newsletter here to stay up-to-date!