VC investments in auto-tech companies up 250%, trucking platforms lead race

Nearly half of the money was received by trucking platforms including BlackBuck and Rivigo. This segment alone attracted $265 million across 10 deals

Venture Capital investments in auto-tech companies rose nearly 250 per cent during the first half of the year to $501 million and nearly 31 per cent in deal terms. Major chunk of the money was attracted by trucking platforms, followed by passenger car market places, self drive cars and bikes, and electric vehicles.

Investors and companies say given the rise of electric cars, autonomous vehicles, ride-hailing services and other emerging technologies and transportation business models investors, not only funds, even automakers, are participating in the race for investing or acquiring autotech.

As technology disruptions continue to challenge the business models