Advanced Transportation Market Update – March 2020



Advanced Transportation Market Update - March 2020

Nomura Greentech’s 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.

Key Takeaways:

  • Waymo’s $2.25bn capital raise in early March led by Silver Lake, with participation from CPPIB, Mubadala Investments, Magna, Andreessen Horowitz, AutoNation and parent company Alphabet, highlight the significant cash burden required to deploy AVs
  • Energy majors are using their downstream offerings to expand into adjacent products and services, as demonstrated by Centrica’s partnership with VW to install in-home EV charging points across the U.K.
  • While a subset of the logistics and last mile delivery sectors have seen increased activity as a result of COVID-19, OEMs, AV / EV developers, and mobility services companies have generally been negatively impacted by the virus’s outbreak with extended factory shutdowns and depressed consumer confidence