Advanced Transportation Market Update – November 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.
- Recent announcements from Audi, Daimler and BMW highlight the need for OEMs to shift budgets to accommodate increased spending needed in the capital intensive EV sector in order to remain competitive
- Lawsuits filed against the EPA from Los Angeles, New York City, D.C. and 23 states showcase the ongoing battle between local and federal regulators over the right to set vehicle emissions standards
- Digital car marketplaces, which put increased margin pressure on brick-and-mortar dealership models, are growing in popularity, as seen by recent large capital raises from AVC Auctions and Frontier Group