Cars are a new frontier for tech startups, now that other internet connected-device markets are more mature. The market opportunity is significant since 65 million passenger cars were sold globally in 2014. While many companies are working to connect cars to the cloud, other startups are trying to utilize that data to improve driver safety, build navigation systems, or provide more accurately priced insurance plans…
Emerging technologies include autonomous car software, heads-up driving displays that improve driver safety, and using real-time traffic data to enrich navigation. Companies associated with more traditional auto components are also raising funds. EcoMotors and Pinnacle Engines are building more efficient engines, while Boston-Power and Sakti3 are developing car-battery technology.
Source: CB Insights
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