Micromobility

micromobility hero image

Riding together toward a sustainable future

Shared Mobility

<div>
 
 This report provides a comprehensive overview of the micromobility (MM) sector, highlighting its emergence as a solution to urban transport issues exacerbated by vehicle congestion and pollution. It explores key characteristics, regulatory landscapes, infrastructure development, and partnership strategies within the MM market.
 
</div>

<div>
 <ul>
 <li>
 
 Micromobility Solution Emergence
 : Micromobility (MM) solutions, encompassing small electric vehicles like e-scooters and e-bikes, are emerging as effective responses to urban traffic congestion and pollution, offering convenient short-distance transportation options.
 
 </li>
 </ul>
 
 
 <ul>
 <li>
 
 Regulatory Landscape
 : Government regulations increasingly favor MM solutions, with policies aimed at curbing carbon emissions and enhancing user safety through initiatives such as dedicated infrastructure development and incentives like subsidies and tax advantages.
 
 </li>
 </ul>
 
 
 <ul>
 <li>
 
 Market Growth
 : The global MM market, valued at USD 3.4 billion in 2022, is projected to reach USD 6.1 billion by 2027, with the Asia Pacific region leading in revenue share and expected to exhibit the fastest growth rate.
 
 </li>
 </ul>
 
 
 <ul>
 <li>
 
 Fleet Utilization and Profitability
 : Optimal fleet utilization is crucial for MM companies' profitability, with scenarios demonstrating the impact of fleet size and utilization rates on operating costs and revenue generation.
 
 </li>
 </ul>
 
 
 <ul>
 <li>
 
 Partnership Strategies and Industry Integration
 : MM companies are expanding their reach through partnership strategies involving vertical integration with value chain stakeholders, horizontal integration with other MM and ride-hailing companies, and intermodal integration with municipalities and public transport providers. Traditional mobility manufacturers are also venturing into the MM market to align with sustainability goals and cater to evolving consumer demands.
 
 </li>
 </ul>
 
 
</div>

<div>
 <ul>
 <li>
 
 Funding raised dominated by mega rounds across all hubs
 
 </li>
 <li>
 
 Hardware and software updates to further develop autonomous vehicles and enhance the safety of the driving experience
 
 </li>
 <li>
 
 Incumbents partner to enhance the EV charging ecosystem
 
 </li>
 <li>
 
 Auto Tech and Passenger eVTOL players obtained approval from regulatory authorities, marking significant strides toward full commercialization
 
 </li>
 </ul>
 
 
</div>

<div>
 <ul>
 <li>
 
 The mobility sector raised USD 4.7 billion in Q3, up 46.7% YoY, with all hubs witnessing an increase in funding. 
 
 </li>
 <li>
 
 In the Auto Tech sector, the emphasis was on the ongoing refinement of product hardware and software to usher in innovative features for autonomous vehicles and enhance the safety of the driving experience. In the EV Economy space, most of the product updates were related to passenger EV manufacturing. 
 
 </li>
 <li>
 
 Three-fifths of&nbsp;incumbent partnerships in the EV Economy industry were in the EV charging infrastructure segment, while Auto Tech-related incumbent partnerships mostly focus on developing driver assistance systems (ADAS) and autonomous vehicles. Disruptors in the passenger eVTOL Aircraft industry were also actively looking to establish the necessary infrastructure for operations via partnerships while they also secured orders to supply aircraft.
 
 </li>
 <li>
 
 Only two major M&amp;A deals were reported in Q3 2023, while the mobility sector continued to witness going public via SPAC deals during the quarter.
 
 </li>
 <li>
 
 Q3 saw several Auto Tech and Passenger eVTOL players obtaining approval from regulatory authorities in the US and other geographies, marking significant strides toward full commercialization. However, safety concerns continue to be a bottleneck.
 
 </li>
 </ul>
 
 
</div>

EDGE Insights

Micromobility

Mobility (Q3 2023): Partnerships strengthen EV ecosystem; self-driving regulatory approvals brighten outlook

Shared Mobility

Micromobility

Trend Overview

Micromobility Solutions Help Mitigate Urban Transport Issues

Contact us