Drake Star Partners reports on the state of the advanced mobility industry
It unveiled its comprehensive electric and autonomous vehicle industry forecast, examining effects of COVID-19 and current and long-term outlooks for winners and the not-so-fortunate.
Drake Star Partners has published its latest study called “State of the Advanced Mobility Industry Report 2021,” which focuses on the great acceleration of vehicle electrification and autonomy, the effects of COVID-19, and their respective recoveries in its aftermath. The global investment banking firm serving the technology, media, and communications sectors, focusing on M&A and corporate finance for its clients. It completed over 360 transactions since 2004, 70% of which are cross-border, so it is a closely watched observer of the new-mobility industry.
“2020 was a year like no other with COVID-19 having a profound impact on the automobile industry,” said Vitaly Golomb, Partner, Drake Star Partners. “A year later with widespread vaccinations underway, there is cautious optimism for a return to normalcy. Electric vehicles look to regain momentum as a new U.S. administration commits to an environmental focus, while autonomous vehicles face a more challenging path ahead. This report provides a comprehensive look at both industries, where they currently stand, and where they are headed in the future.”
The report focuses on the pandemic’s macro-level impacts on the auto industry, the changing urban mobility preferences
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