Not even one year. What about next year?
Will be vintage year for VC and Mobility
In Blue Mobility Ventures we are giving our first steps. It’s been a very busy year building our VC and working for a better world, one mobility solution at a time.
Don't want global warming? Let’s support greener transportation solutions in mobility as a service (MaaS), with more EV alternatives, smart logistics, and more disruptive business models. Do you want to know more?
2022/2023
These are exciting times! Everybody talks about the coming recession, we believe this is a one of a kind opportunity (like previous 2008, and 2000 ones) for starting a new businesses, and investing in early stage startups. Money is more expensive with current interest rates, and this is bringing opportunities in the overlap between the fintech and automotive industries. Higher oil prices, and more expensive transportation are also bringing more eyeballs to EV, and more users to alternative modes of transportation. E-commerce got back to pre-pandemic adoption in the USA. It looks like Latam won’t be like that, we can still feel the pressure in the supply chain, warehousing, and last mile.
New EV OEMs manufacturing sites will be built in Mexico and Argentina, and new regulations are being deployed and will speed up adoption. Scarcity in EV products is very likely to happen, higher utilization rates will be a challenge for charging infrastructure.
Team:
To support our Fund I, the Blue Mobility Ventures team is now 20% bigger. Yes! We incorporate one new venture partner (VP) into our team, and we have four VP Experts now. Our value proposition is very important to maximize success chances for our portfolio and achieve extraordinary returns with a lot of impact in Latam. We are experts in mobility, transportation, logistics, automotive and motorcycle industries in Latam.
Ezequiel Calcarami is a serial entrepreneur with 3 exits. He joined us from Argentina and he is bringing all his experience in Latam with Shell, Harley Davidson, and other OEMs like Toyota. He is an expert in SaaS solutions for the automotive industry. He is also a top connector in Latam, he is an active funding member and former president of ASEA and current Vice President of ASELA. Both are huge entrepreneur's networks in Latam with about 250.000 members. He is also Council Chairman at EO Argentina (Entrepreneurs Organization) and ACDE (Christian Company Directors Association).
Deals:
We currently have 26 deals from Israel and Latam, covering MaaS, Last mile, warehousing, EV, AI, and fintech in mobility. We are advising and helping some of these founders in their rounds and with their go to market strategies. We are witnessing profitable business models, with talented founders disrupting incumbents on many fronts.
Events:
I went to ETM Day where I had the chance to meet and mentor 10 startups founders and try some EVs
Some industry news:
Did you ever drive an EV? you might get sick. Interesting post about design issues.
Why is micromobility here to stay? Mckinsey did this survey.
The car subscription market is estimated to be $4.5B in 2027 with CAGR of 21%. Imagine how big will be in 10 years. There are already 6 alternatives in Santiago.
Our Mobility Innovators friends tracked golbal VC activities and trends by November.
Challenging year ahead for Kavak although with a lot of cash.
Car-sharing for all electric Fiat 500e in USA
$300M for Cabify to strengthen LATAM
Cruise robotaxis will expand in the thousands in 2023
10 years pass since Google acquired Waze to combine teams. It’s time to cut costs!
Bird Global is looking to merge with a profitable partner from…
We start to see less competition for early stage startups, this is one of the reason why is a good moment to start a business under recession cicles, and to hire talented more experienced people:
💰JOKR closes operations in Santiago, Chile and Medellin, Colombia. Earlier in the year, JOKR exited the US. The company is currently losing $10M a month.
💰iFood shut Colombia operations in November. The Colombia exit is part of the Delivery Hero strategy to exit markets where it is not the leader. iFood said it "will continue investing in Brazil, where it was born and is a leader".