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December 2018 Advanced Mobility Monthly Update

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December 2018 Advanced Mobility Monthly Update Advanced Mobility Market Update December 2018 Electric Ecosystem Mobility-as- Autonomous Data & Vehicles Intelligence a-Service Infrastructure Analytics About Greentech Capital Advisors Our mission is to empower companies and investors who are creating a more efficient and sustainable global infrastructure. We are purpose-built to ensure that our clients achieve success. We have deeply experienced bankers and investment professionals who are sector experts and understand our clients' industries and needs. We reach a vast global network of buyers, growth companies, asset owners and investors, and thereby provide clients with more ways to succeed through a deeper relationship network. We have directly relevant transaction experience which enables us to find creative structures and solutions to close transactions. We are an expert team of 65 professionals working seamlessly on our clients' behalf in New York, Zurich and San Francisco and through a strategic partnership in Japan. Our team of experienced bankers and investment professionals provides conflict-free advice and thoughtful, innovative solutions. Greentech Capital Advisors / 1 Advanced Mobility Market Update December 2018 News Selected Business > Audi announced it will spend $16bn over the next five years on technologies Developments such as electric mobility, autonomous driving and digital services (TechCrunch) > BMW launched the first foreign-owned ride hailing service in China, ReachNow, which is a premium car-sharing and ride-hailing service (New Mobility) > Careem, the Middle East-based ride hailing service, is investing $150mm in Greentech’s Take: developing a delivery business named Careem Now (TechCrunch) > Ride-hailing startups > Daimler has set up a $23bn budget for the purchase of battery cells over the are adding other next 12 years, showcasing its commitment to EVs (TechCrunch) forms of transportation to their > inDriver, a Russian ride-hailing service that enables price negotiation prior to portfolios in an effort booking, is entering the U.S. market with a start in New York (New Motion) to become one-stop- > Lyft now offers car, bike, scooter and public transport options in its app in shop mobility three U.S. cities, realizing its multi-modal solutions goal (TechCrunch) providers > Lyft was granted a patent for an AV-to-pedestrian messaging system that flashes text on its windshield to show its intent (TechCrunch) Greentech’s Take: > NIO, the Chinese EV maker that went public on the NYSE in September, is > The race to releasing its second model, the $52,000 ES6 electric SUV (Electrek) deploy > Nuro, the autonomous delivery startup, is deploying custom delivery bots, autonomous replacing the Prius it was using for its delivery pilot with Kroger (TechCrunch) delivery pods is > Postmates has developed a sidewalk-bound autonomous delivery pod named heating up as companies vie to Serve that uses cameras and LiDAR to make deliveries (The Verge) revolutionize the > Pronto.ai, an autonomous trucking startup formerly dubbed Kache.ai, has come lucrative last-mile out of stealth with a $4,999 L2 AV system for Class 8 vehicles (TechCrunch) delivery space > Uber is rolling out autonomous testing in Pittsburgh eight months after its accident, with much stricter constraints (The New York Times) > Via, the shuttle-hailing startup, is planning on adding a shared scooter program to their portfolio of mobility solutions (TechCrunch) > Volvo Trucks will deliver its first EV next month, a garbage truck (Bloomberg) > Waymo launched its robotaxi service, Waymo One, in Phoenix while keeping it accessible only to people in their early-ride program (TechCrunch) Selected Regulatory > The AV START Act did not make it through Congress, likely pushing the DoT to Developments create a national framework for AV development as an alternative (Politico) > Starting in 2029, California cities will only be allowed to buy electric buses, aiming to fully electrify municipal bus fleets by 2040 (The New York Times) > Following increased financial support from the state, Californian utilities are increasing rebates offered to EV buyers to ~$1,000 (Electrek) > Pricing on American cars in China has swung this year as tariffs have whiplashed between 25 - 40% as a result of the U.S. - China trade war (Electrek) > E.U. environment ministers set a 30% CO2-reduction target on truck and bus emissions by 2030, with a potential review in 2022 (Reuters) Greentech’s Take: > Starting in 2019, Luxembourg will become the first country to make all public > Cities are designating transportation free in an effort to decrease city congestion (Smart Cities Dive) high-priority areas with increased > Madrid’s tough new vehicle emissions controls went into effect, resulting in a regulations in an drop in traffic by nearly 32% in some parts of the city (The Verge) effort to reduce urban > The New York City Taxi and Limousine Commission has set minimum wage of emissions, decrease Uber, Lyft, Via and Juno drivers at $17.22 after expenses (TechCrunch) congestion and increase quality of life > New York City will charge a $2.75 fee on any rides going through the busiest parts of Manhattan in an effort to lower congestion (Engadget) > Nine U.S. states and Washington D.C. partnered to form a regional cap-and- invest system to cut transportation-related carbon emissions (Smart Cities Dive) > Larry Kudlow, director of the White House National Economic Council, told reporters that U.S. EV subsidies will end in the near future (Bloomberg) Source: Greentech Analysis, Public Disclosures. Greentech Capital Advisors / 2 Advanced Mobility Market Update Partnerships & Transactions Selected > Cambridge Mobile Telematics, a startup that offers actionable insight on Capital Raises driver behavior, raised $500mm from the Vision Fund (Crunchbase News) > Effenco, a startup developing fuel saving technology for trucks, raised a $12mm round led by the Business Development Bank of Canada (Betakit) Greentech’s Take: > Softbank’s $100bn > Fair, a car sharing startup, raised a $385mm round led by Softbank, with Vision Fund participation from Exponential Ventures and Munich Re (TechCrunch) continues to make > FreeWire, a maker of portable EV chargers, raised a $15mm round led by BP large investments in all parts of the Ventures, with participation from Volvo and Stanley Ventures (VentureBeat) advanced mobility > G7, a Chinese fleet management company, added $320mm to an ongoing spectrum round led by HOPU Investments with participation from Tencent (TechCrunch) > Grab is raising the fundraising target for their ongoing Series H to $5bn, an increase of $2bn on the amount they have raised to-date (TechCrunch) > Lyft filed with the SEC for their expected 2019 public offering (TechCrunch) > Optibus, an Israeli transit management startup, raised a $40mm round led by Insight Venture Partners, with participation from Alibaba (Reuters) > ParkJockey, the developer of a parking management platform, raised venture capital from SoftBank and acquired two of the country’s largest parking operators, Imperial Parking Corporation and Citizens Parking (TechCrunch) > Uber filed with the SEC for their expected 2019 public offering (TechCrunch) Selected Mergers & > Project44, a logistics software provider, acquired Gatehouse Logistics, a Acquisitions Danish shipping data provider, for an undisclosed sum (DC Velocity) Greentech’s Take: > Renault acquired a minority stake in JMEV, a Chinese EV subsidiary of JMCG > As China begins to with expected 2018 sales of 50,000 EVs (InsideEVs) limit the number of companies that can > Uber is in talks to acquire scooter sharing startup Bird at a rumored $2bn produce vehicles valuation after also considering its largest competitor, Lime (TechCrunch) domestically, OEMs are instead buying > VW acquired 75% of Volvo’s WirelessCar, a digital service developer local producers specializing in connected driving, for $122mm (Reuters) Selected > Autonomous Intelligent Driving, Audi’s AV team, is partnering with Luminar Partnerships and using their long-range LiDAR technology (New Mobility) > Following delays from U.S. antitrust regulators, the BMW - Daimler mobility JV was given the green light and will likely take place in 2019 (FleetNews) Greentech’s Take: > BMW and Daimler are considering joining forces on making key automotive > We believe higher components, in addition to their planned mobility partnership (Bloomberg) power chargers will likely reduce the > BMW and Porsche unveiled a 450 kW fast charging prototype capable of issue of range adding 62 miles of range to an EV in three minutes (The Verge) anxiety and further accelerate the > Einride and Ridecell, developers of AV tech, will incorporate DeepMap’s HD adoption of EVs as mapping technology into their autonomous fleets (New Mobility) vehicles with higher > Lime and data solutions company Populus partnered to provide the Seattle capacity batteries enter the market DoT data on the new LimePod car-sharing program (Smart Cities Dive) > Google is adding Lime as a transport option in Maps (The Verge) Source: Greentech Analysis, Public Disclosures. Greentech Capital Advisors / 3 Advanced Mobility Market Update Transactions Capital Raises Invested (1) Date Company ($mm) Investors Company Description 12/4 FreeWire $15 BP Ventures, Volvo Cars Tech Fund, Developer of portable EV chargers Stanley Ventures 12/4 ParkJockey $900 Mubadala Investment Company, Developer of a parking management platform SoftBank Group 12/9 G7 $320 HOPU Investments, China Broadband Chinese fleet management company
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