My brother sent me today’s edition of Fortune‘s “Term Sheet” newsletter.
“Mobility tech deal value was up 13.9% quarter over quarter, led by autonomous driving startups,” the newsletter proclaims. It proceeds to rattle off some of the big investment rounds in Q2 2024 – Wayve and Waabi and Scale.
This angle interests me:
In fact, mobility tech deal count in Q2 was down 27.4% year over year and about 30% year-to-date. To me what that suggests is the same story as we’ve ultimately heard in other sectors—that the biggest names are drawing lots of funding, while smaller or less-well-known startups are more likely to be left in the lurch.
Consolidation.
David Silver 