Advanced Transportation Market Update – June 2019
Greentech Capital Advisors’ Advanced Transportation Monthly Market Update summarizes key announcements, M&A, and capital raising activity related to advanced transportation, while providing detailed trading metrics on public companies across the sector.
- Florida passed a sweeping AV bill that allows AVs to operate without a safety driver present, highlighting the state’s efforts to become a prime environment for AV testing
- Yandex, a Russian technology company and AV developer, plans to operate 100 AVs by end of the year in cities including Moscow and Tel Aviv, showcasing the efforts of some companies to capture high value markets while most companies focus on the U.S. and China
- Swiftly, a transit data startup, raised a $10mm Series A, aided by the growing trend of cities relying on multi-modal transit apps to increase public transportation usage