There’s Never Been More Money Pouring Into Mobility Startups

The shift in technology that has drawn billions of dollars into autonomous driving has also spurred investors to pile into businesses that specialize in sharing cars, summoning rides, and even borrowing bikes. Taken together, this new model for the mobility-as-a-service business continues to grow at a startling pace and move into new markets.

The growth comes even as companies navigate tighter regulations. In the past four months, a new report released Thursday by Bloomberg New Energy Finance found, 11 jurisdictions in Europe, the U.S., Australia and elsewhere implemented restrictions on digital-hailing companies. “Despite all the increasing legal challenges against unfettered ride-hailing, we continue to see additional investment in the sector,” said Ali Izadi-Najafabadi, who manages BNEF's intelligent mobility team.