Traditional automotive OEMs have begun making deals at a frantic place, seeking to remedy their shortcomings in auto tech and ride-hailing disciplines. Using CB Insights data, we mapped out the key auto tech partnerships, investments, and acquisitions of these corporations over the past three years.
We focused on auto OEMs’ private markets activity within our definition of auto tech, which includes startups that using software to improve safety, convenience, and efficiency in cars (and excludes activity in fields such as energy/powertrain, parking, and rentals/marketplaces). We also looked at their major engagements with ride-hailing companies and large tech corporations.
Scanning the timeline, the acceleration of activity seen in 2016 is immediately obvious.