VCs spent $11.8B on mobility startups in Q1 2020, report says

VCs spent $11.8 billion on mobility companies across the globe during Q1 2020, representing an increase of 62% year-on-year (YoY). This is according to PitchBook’s Mobility Tech Q1 2020 report which says that much of this uptick was driven by three key deals. These included: Go-Jek’s $3 billion Series F round in March, Waymo’s $2.3 billion VC round in March, and Grab’s $886 million later-stage VC round in February. If these three deals were excluded, the data shows that VC investing during Q1 reached $5.6 billion, down 23% YoY. [Read: How to write an email pitch VCs will actually read] At…

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