6 leading mobility VCs discuss the road ahead

Millions of consumers sheltering in place to stem the spread of the novel coronavirus sent shockwaves through the global economy. Transportation-related companies were not spared in the upheaval. Mobility startups consolidated, pulled back from some markets and reduced headcount. And yet, the industry — and the VCs who invest in it — is still rolling forward.

Founders are huddled with their teams, picking over spreadsheets and go-to-market strategies in search of ways to accelerate as their runways grow ever shorter. And while the pace of investments might have slowed, venture capitalists are still seeking out innovative tech and overlooked ideas.

TechCrunch spoke with six investors about the state of mobility, which trends they’re most excited about and what they’re looking for in their next investments:

• Ernestine Fu, Alsop Louie Partners
• Stonly Baptiste & Shaun Abrahamson, Urban Us
• Shahin Farshchi, Lux Capital
• Kate Schox, Trucks VC
• Jeff Peters, Autotech Ventures

Ernestine Fu, Alsop Louie Partners

What trends are you most excited about in mobility hardware from an investing perspective?

In-car cybersecurity. Today’s vehicles are highly sophisticated smart devices, and cybersecurity is becoming an integral part of automakers’ development efforts. We’re already seeing infotainment connectivity systems and over-the-air software updates in cars being vulnerable to cyberattacks. Vehicles will serve as the nodes of vast information networks, especially as personal mobility, autonomous driving and car connectivity drive our future. In-car cybersecurity threats will remain an ongoing concern — and a rich investment opportunity.

Stonly Baptiste & Shaun Abrahamson, Urban Us

What trends are you most excited about in mobility hardware from an investing perspective?

The most interesting thing is the continued reduction in costs of electric drivetrains and autonomous stacks. These are going to have a profound impact on total costs of fleets – lower labor, fuel and maintenance costs.

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