Month: September 2020

Startups developing future mobility solutions need £1 billion of private investment to achieve their full potential

Prospedia Capital and Beauhurst have studied the investment flowing into early and growth-stage companies serving the UK’s burgeoning advanced automotive technology sector.   Their report identifies a need to accelerate innovation in future mobility by investing in an industry that every year spends £4 billion,according to the SMMT,in research and development, of which only 7 per cent reaches SMEs at the crucial seed,venture and growth stages. “In 2019, small and mediumenterprise automotivecompanies received £277 million,” says […]