When it comes to startup investment, carmakers are all over the road.
Over the past two years, we’ve seen a massive spike in venture funding by major auto manufacturers. Deal counts are up, more automakers are investing, and more big rounds are getting done.
However, an analysis of Crunchbase funding data for the twenty largest global automakers finds wide variance in investment sizes, timing, and strategic focus. Some automakers have focused on unicorns and mega-rounds, while others are active at the early stage. Still others have yet to park much capital in startups, illustrating a long-term reticence to engage actively in the venture space.