Dealroom.co – State of European Mobility Startups, 2024

The report by Dealroom.co "State of European Mobility Startups 2024" explores venture capital trends and investment shifts in the European mobility sector. VC investment in European mobility startups reached $6 billion in 2024, marking a 30% decrease from the previous year. The decline was seen across all stages, with the late stage experiencing the most significant drop. Mobility ranked as the fifth most funded sector in Europe but faced a sharper decline than other industries. EV battery and charging infrastructure accounted for less than a quarter of mobility funding, with a shift towards autonomous vehicles and sustainable aviation. Corporate investors participated in nearly half of the funding rounds, and debt funding hit record levels, notably with Northvolt securing $5 billion. M&A activity remained strong, though with fewer buyouts and IPOs compared to previous years.