Where Toyota is looking for startups. Tesla's latest acquisition. Ford's DeepMap partnership.
Supplying the future
Tier 1 suppliers have shot to the fore of auto tech startup conversations, with both Delphi and Continental announcing $400M+ acquisitions (nuTonomy and Argus Cyber Security, respectively) in the span of two weeks.
These deals are another shakeup to the hasty partnerships and collaborations in the self-driving space; Ford had previously invested $150M with Baidu in lidar incumbent Velodyne. Other sensor startups (and their supplier backers) must also contend with more AV developers pulling sensor engineering in-house.
Another implication for any AV investors and startups hoping for blockbuster exits by supplier/OEM acquisition: the field of viable suitors is narrowing.
EV infrastructure charges ahead
By one estimate, mass-market electric vehicles will demand $2.7 trillion in infrastructure investment over the next two decades, covering everything from retooled assembly plants to charging stations.
Over the last month, EV charging networks have gained momentum from new utilities, automakers, and transport provider projects:
An automaker consortium announced their “Ionity” initiative to roll out fast-charging stations across Europe; Utility E.ON then disclosed plans to expand its European EV charge network
Didi Chuxing formed a joint venture to build out its own charging network
At our last Councils meeting, Pat Patnode, President of Licensing for GE Ventures, shared how the company internally sold a centralized licensing group across GE, which generated new revenue opportunities and furthered business unit collaboration.
CB Insights Councils provides members with:
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Custom research and member case studies with experience-based insights
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Councils are limited to SVP, EVP, President and C-level execs at companies with at least $1B in revenue. The next Councils meeting is December 11-12, 2017 in San Francisco at Dropbox HQ. Learn more.