The revolution of the mobility sector has been gaining momentum with every passing day as is reflected in the $400 billion worth of investments made in the sector over the past decade, of which $100 billion has been invested since 2020 alone.
London-based technology venture capital firm VEKTOR PARTNERS has unveiled €125 million fund to invest in this revolution in the global mobility industry. The company will focus on AI, software, and data-centric technologies that align with megatrends including automation and electrification.
Founded in 2020 by Sebastian Bihari, Chris Riley, and Isabel Falkenberg, the VC invests solely in the new and large global mobility sector. It combines deep sector expertise and a tailored geographic strategy to back the industry’s most promising disruptors across Europe and the U.S.
Sebastian Bihari, co-founder of VEKTOR PARTNERS said: “We are looking at tectonic shifts in the mobility landscape, where we will see new markets being created, and expect about half of the industry to be disrupted. Startups focused on AI, software and data will be at the heart of driving innovation and creating new businesses and products with real use cases and significant economic and environmental value.”
Chris Riley, co-founder of VEKTOR PARTNERS added: “The compounding effect of disruption through electrification, autonomous, connectivity, and artificial intelligence results in a multi-decade super-cycle offering incredible opportunities to build new and large high-growth businesses. We are focused on investing in these future technology leaders. There will come a time soon when we look back at the seminal years of the 2020s when the future mobility industry leaders were born, much like we look back today at the time when the likes of Amazon and Google were founded.”