Economy Chills Investments in EVs and Mobility

Once flush with easy money, investors have soured on investing in electric vehicles and other mobility startups amid uncertain economic conditions. The total amount invested in the mobility tech sector dropped by 79 percent year-over-year in the third quarter of 2022, according to the latest figures from financial services firm PitchBook.

Going forward, investors expect investment in transportation tech to continue, albeit at a more deliberate pace and with startups facing more scrutiny from prospective backers. …

Source: The Conservative Investor Daily