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VCs spent $11.8 B on mobility start-ups in Q1 2020, report says

VCs spent $11.8 B on mobility start-ups in Q1 2020, report says

VCs spent $11.8 billion on mobility companies across the globe during Q1 2020, representing an increase of 62% year-on-year (YoY). This is according to PitchBook’s Mobility Tech Q1 2020 report which says that much of this uptick was driven by three key deals. These included: Go-Jek’s $3 billion Series F round in March, Waymo’s $2.3…