Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
05.31.22
Pillsbury has published the second installment of a three-part climatetech research series based on PitchBook’s proprietary Venture Monitor methodology. Featuring exclusive commentary from three of the firm’s leading energy transition authorities, the report, Climatetech: Spotlight on Mobilitytech, takes a closer look at the second-largest subsegment of climatetech, which saw more than $2 billion of the sector’s $5 billion in venture capital invested in Q1 2022.
In the report, Pillsbury partners Reza Zarghamee and Shaalu Mehra provide comprehensive insight on the trends driving the sustained growth of investment in mobilitytech.
Exit activity in mobilitytech broke records in 2021, exceeding $75 billion for a 336% increase over 2020. And in Q1 2022, median climatetech deal sizes rose across all investment stages, indicating long-term confidence in the sector.
“Mobility is one area of climatetech where we are beginning to see policy alignment between the U.S. and other leading markets, not to mention the efforts of EV manufacturers and other businesses to seize market opportunities,” said Reza Zarghamee, a Pillsbury Environmental & Natural Resources partner.
Key findings in the report’s trend data include:
“It’s clear that the Rubicon has been crossed by the automotive industry: they are not turning back on the transition to battery electric vehicles,” said Shaalu Mehra, a Pillsbury Corporate partner who regularly represents clients in the mobilitytech segment.
Pillsbury works in close coordination with clients around the world and across industries as they evolve and adapt to the climate needs of the moment. The firm's client base includes companies representing virtually every aspect of the global energy spectrum, from long-established Fortune 50 energy and transportation corporations driving cutting-edge research into cleaner and sustainable energy solutions, to cleantech innovators pushing the boundaries of what can be achieved to reduce carbon impacts and adapt to a changing climate. For more information and insights about the energy transition, click here.