there are few people More closely tapped into innovations in the transportation sector than investors. They are paying close attention to what startups and tech companies are doing to develop and commercialize autonomous vehicle technology, electrification, micromobility, robotics and more.
Clara Brenner, co-founder and managing partner of the Urban Innovation Fund; Quinn Garcia, managing director of Autotech Ventures; and Rachel Holt, co-founder and general partner at Construct Capital, talked (and debated) about how the pandemic affected the enterprise world and deal flows; Why Autotech Ventures was hesitant to invest in Micromobility; how to encourage micromobility; And, of course, his view on the rise of mergers with special purpose acquisition companies as a way to go public. He also shared his views on the most overlooked opportunities in the transport sector.
How the COVID-19 pandemic shaped VC
The COVID-19 pandemic turned the world upside down, and VC was no exception. Holt and Garcia outline some of the impacts they have seen on startups — both new and existing — over the past year.
Holt: There was enough chaos in transportation, and in some other areas, that happened through COVID, that this is just the time when, whether it’s buyers or cities or others, are just evaluating what the new world order will look like. needed. And I think that just creates a lot of opportunities. … when you get a shock to a system like COVID, it creates an opportunity for everyone, whether it’s inside companies, whether it’s founders, or whether it’s cities and governments and other institutions, and one step Step back and say, OK, what do we want the next five years to look like? (timestamps: 4:18, 4:55)