The mobility fuel cycle is changing - to electrification.
The mobility product itself is changing – new modalities and mobility as a service is changing how consumers travel.
10 years ago, the technology was cost prohibitive.
Consumers are looking forward to a future of fundamentally better products delivered in different ways.
Autonomy, sharing and new ownership models, new fuels, electrification, networking and data - will rewrite mobility. The incumbents are not equipped to respond - they are being disrupted at a rapid pace by startups.
Two of the biggest startups in the world - Uber and Tesla - both VC funded, barely a decade old, come from the mobility space and have re-written multiple industries.
We expect these trends to continue over the next several decades, creating many venture capital investment opportunities.