NEV sales through August surpass the full 2021 calendar year Stimulus measures spark weak recovery in ICE sales, which are down nearly 2 million units so far in 2022 Comments from Bill Russo, Founder & CEO of Automobility Ltd. It appears to be the right time to revise...
Jul 21 - Aug 28, 2022 This issue highlights SAIC Motor's ride-hailing unit raising $148 million in the second round of fundraising to launch a commercial ride-hailing service. StradVision finalized its close of $88 miliion Series C fundraising to develop accessible AI-assisted driving tech. Onto, an electric vehicle...
July sales continue an incentives-fueled recovery that began last month NEV July share of sales climbs to 24.5% and stands at 22.3% in 2022 Comments from Bill Russo, Founder & CEO of Automobility Ltd. Auto sales in July continued to point to a modest recovery that is largely attributable to...
Jun 13 – Jul 20, 2022 This issue highlights funding rounds for EV charging startups leading the race for a $207 billion market. US-based providers of fast electric vehicle recharging such as EVCS and Electrify America have raised more capital along with fleet operator and charging infrastructure...
Apr 23 - Jun 12, 2022 This issue highlights more capital being deployed to the used car industry as startups have entered the market with easier-to-use platforms. And with the ongoing supply chain disruptions, the premium on used cars has increased. Among the digital used car platforms...
Easing of lockdown restrictions along with fresh stimulus results in a moderate sales recovery in June EV sales surge to a record high and remain the only growth segment in a slowing China economy Comments from Bill Russo, Founder & CEO of Automobility Ltd. China's auto market stabilized...
3rd Edition - July 18, 2022 This quarterly newsletter features companies from our EXCELerate pipeline that are actively fundraising and aim to close rounds in the next 3-6 months. Automobility’s EXCELerate Pipeline and Internet of Mobility Thesis The core of our thesis revolves around our view that digital...
China lockdowns force a market contraction Already facing numerous headwinds, the auto market collapses in April under the weight of severe COVID lockdowns Comments from Bill Russo, Founder & CEO of Automobility Ltd. Covid related lockdowns in China’s auto hubs Shanghai and Jilin province have led to critical...
March 11 - April 22, 2022This issue highlights the establishment of a S$30 million Autonomous Vehicle Centre of Excellence by ComfortDelGro’s venture capital fund as it seeks to future-proof itself. The aim is to develop a technology platform to support the delivery of mobility services using AVs.The...
Will Supply Chain Disruptions Halt the Rise of EV? Comments from Bill Russo, Founder & CEO of Automobility Ltd. Overall automotive sales in February were up 19.4% year-over-year (YOY) in China, which when combined with a positive month of January sales, represent a solid opening for 2022. ...