#202

Start-up Tracker

OUT
LOOK
TABLE OF CONTENTS
Introduction

Industry
Outlook

The past few years have seen a surge in the number of start-ups providing an array of services for the automotiveindustry. Likewise, their offerings extend across the industry landscape - with products spanning infotainment,telematics, safety, security, and autonomous driving functions. Their offering within these areas is similarly diverse,with some autonomous start-ups developing specific sensors, and others developing full sensor suites.

Bird’s Eye View
What’s NewIn a similar fashion to mainstream OEMs, the start-up landscape is consistently evolving at a fast pace. A wide
variety of start-ups today are regularly announcing new technologies or systems while securing partnerships,investments, and even acquisitions from legacy OEMs looking to boost their offering, or newer players looking togain footing. As start-ups continue to innovate, the industry's interest in them and their offerings will only continue
to grow.

Analysis
Investments

Acquisitions

The Start-up Tracker works to highlight the latest updates from the expansive landscape of start-ups operating inthe automotive industry. It tracks their latest activity while providing the latest news on interesting start-ups
emerging within the space. The tracker also sheds light on its most recent partnerships and acquisitions. Updated
quarterly, the report also features exclusive insights on the start-up landscape from our industry experts, whoreflect on the last three months and identify the best practices moving forward.

Next Steps

RELATED SBD REPORTS
201 – Innovation Guide

In recognizing this, OEMs and suppliers are quickly
ramping up their R&D but face a tough task inprioritizing areas of investment.
Our Innovation Guide has been created to help
companies understand innovations inside, or on theperipherals of the automotive industry, and thecompanies spearheading those technologies.

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Key questions answered

This research supports

Do I have access?

> What are the latest industry > What services can start-ups
news announcements related
provide for the automotive
to automotive start-ups?
industry?

> What industry partnerships
exist between automotive
start-ups and othercompanies?

PRODUCT PLANNERST E CH S COUTINGT E AMSINVESTMENTTEAMS

IT> What are the most important
events centered aroundinnovation & start-ups?

Portal accessView Excel Data Sheet Sample
Start-up Tracker
Highlight the latest updates from the expansive landscape of start-ups
operating in the automotive industry>15,000
Datapoints

650+ Startups
coveredNews, Incubators,Partnerships,Investments, etc.

Q4 2021

ELECTRIC VEHICLEGUIDESTART-UPTRACKER

Contents
202- Start-ups Tracker - Q1 2024
Introduction ≫4Investments ≫•Birds Eye View ≫Investments noticed by SBD

7Acquisitions ≫The Basics ≫11What’s New ≫15•

Notable announcement from Start-ups(Fund raised in different rounds offunding by Strat-Ups)

Analysis ≫Start-ups ≫••Acquisitions noticed by SBD

Next Steps ≫33

Contact Us ≫

37

1922
Data Deep DiveView and analyze deep
data in your own way

25

Top 3 Incubators noticed bySBD

Partnerships ≫4•

31

Top 3 Start-ups noticed bySBD

Incubators ≫•29

27

Investments noticed by SBD

Total number of pages - 424Introduction

Introduction

Chapter Introduction
Staying update to date on investment and partnership opportunities is
crucial for business success, that helps to find valuable prospects and stayahead of the competition.
Having an in-depth study of recent trends, strategies, and advancements,
helps with the insights necessary to make informed strategic decisions
regarding market opportunities and innovation within their organizations.
Exploring partnership, acquisitions, and staying informed with the latest
news, offers a broader understanding of the market trends.
What are the key findings of this report?
• What are the OEM common choice? To make acquisitions orpartnership?
• What are start-ups more focused on? EV related technologies, mobilityor autonomy?

SectionContentBirds Eye View

An overview of the key findings from SBD’s view of what’s
important on Start-up

The Basics

Definition of all the start-up features covered throughout thisreport with their maturity stages.

Latest NewsMajor announcements in the health and wellbeing space.

Start-Up

Covering major or key innovative companies as a start-up andSBD insights on their vision and mission..

Incubators

By the help of Incubators there are possible chances of successand survival of Start-ups. In this report we are covering 6 Major
Incubators related to Start-Up

Partnerships

Partnerships and patent insights for key Start-ups

Acquisitions

Key Acquisition and insights for key Start-ups in the Automotive
sector.

Investments

Insights on Investment and their relevance to the automotive
sector for.

Next StepsCan SBD help you with any unanswered questions?

Appendix

Can SBD help you with any unanswered questions?

66

Introduction

We Listened and Invested In Our Report to Align to Your GoalsYou Said...
“I sometimes struggle to relate conclusions from research reports
to the Outcomes and KPIs that we are working towards...”“I would like to see what has recently changed within a forecast or
domain to help decide if any changes to strategy need to be made...”We Did...
Added a Start-ups Birds-Eye View chapter with ahigh-level overview of all our Innovation guide,
Cyber Security reports and Event Report Series.

Enhanced CROSS-REFERENCING withconsiderations of our Innovation Guide principles
and insights from our Event Report Series.

“I can find it difficult to take actionable next steps on Guides
without assessing the future direction of the industry...”“It would be helpful to identify disruptive companies and startups to keep an eye for partnerships in the future...”“I would like the topics to be more ‘forward looking’ to help with
future planning and take advantage of enabling technologies.”

More DATA-DRIVEN ANALYSIS through ourAnalysis chapter

Pushed boundaries to add thedisruptive UPDATED TITLE StartUp Tracker

77

Example slides
from the reportBird’s Eye View

OEMs and suppliers continue to make announcements at events…
…SBD Automotive is there for all of them
IAA MobilityConsumer
Electronics ShowMobile WorldCongress

ZF showcased d an 800-volt electricmotor with novel windings (withoutmagnets). The motor was displayed
alongside the EvBeat concept car. The
concept car is based on a PorscheTaycan.

Companies at CES 2024 showcased AI
to support the in-vehicle experience.
These
implementations
centeredaround voice interactions to promote asafer driving experience.

5G innovations were covered widely atMWC 2024. Technologies such as 5G
Advanced, 5G private networks, andopportunities for 5G monetization weredemonstrated.

Mahle exhibited 800-volt compatible
products and indicated a potential
trend of increasing voltages. Mahle, inpartnership
withSiemens,
also
exhibited a wireless charging solution.

9Volkswagen announced that their IDA
voice assistant will be powered by theAI model ChatGPT. The AI powered
voice assistant will be available on theID.7, ID.5, ID.4, ID.3, the all-newTiguan, the all-new Passat, and in thenew Golf.

Mercedes-Benz unveiled improvements
to their MB.OS with an emotionallyintelligent AI virtual assistant. The AI
interacts with the user with four
different emotions and proactive
intelligence.

5G private networks are non-public
networks which can offer full control ofthenetwork
totheoperator.
Vodafone,DT,
ChinaMobile,Qualcomm, ZTE and Orange all
showcased this technology. A 5G
private network can be used on an
automotive production line to facilitate
a “data shower” to update a vehicle’s
firmware.

Event Report Series
Revealing trends alongside key talking
points, announcements and in-depth
analysis. The Premium Event Report
Series also includes Mobile WorldCongress and Beijing Auto Show.

9The Basics

Startups, incubators, acquisitions and mergers. What are they?
Current funding types and breakdown

Start-Ups

Incubators

Acquisitions andMergers

Investments andPartnerships

An entrepreneurial group, known as
a startup, is a fledgling business thatwas established with the goal of
creating and launching an innovative
service or product.

Incubators are establishments
created to accelerate the expansion
and prosperity of startups by offering
them diverse resources and platform

When two businesses unite to create
a new legal entity, this is known as amerger

A key player in the ownership,management, and/or creation of abusiness is referred to as a business
partnerInnovation

Quicker Expansion

Startups want to completely reinvent
products and services categories orupend established markets

A startup can accelerate its
development curve by access to
Incubators networks, resources, andmentorship

Scalability

Possibilities of achievement

Startups have the capacity to expand
quickly and attract a sizable clientele

By the help of Incubators there arepossible chances of success andsurvival of Start-ups

Buying all or a portion of the shares orassets of another business is known as
an acquisition

A person or entity that lends money to a
firm in the hope of earning a profit lateron is known as an investor

Funding
Angel investors and venture
capitalists are two types of investors
that startups frequently depend on
for outside investment

1010

What’s New

Latest News

What are the Latest fundings raised by different the Start-up
International Battery Company has raised $35
millionLightship has raised $34 million in Series B
funding round

Exponent Energy has raised $26.4 million in series
B funding round

International Battery Company raises $35 million
in a pre-Series A funding round led by RTP Global
to manufacture 2,500-3,000 cells per month

Lightship closed $34 million in Series B round led
by Allegis Capital to build the manufacturingsystem and supply chain to increase production

Exponent Energy secures $26.4 million in series B
funding round aims to expand its presence to fivenew cities and broaden its (e3W)

Anaphite has raised approx. $20.4 million infunding

Recurrent has raised $16 million in Series A
funding roundGecko Auto has raised approx. $13.92 million in
Pre-A funding round

Recurrent closes $16-million Series A investment
led by ArcTern Ventures for EV batteries andvalues

Gecko Auto completes approx. $13.92 million in
Pre-A round financing led by Donghai Investment
Holdings for R&D in new energy commercialvehicles.

Anaphite raised funding from Innovate UK's
Investor Partnerships Future Economy
programme

1111

Acquisitions
Text

Analysis

Acquisitions that caught our eye

12Technology
company

V2X hardware
company

Semiconductor andsoftware company

Communication
infrastructurecompany

Type of acquisition

Type of acquisition
Conglomerate.
Join to broaden
range of services
and products.

123Horizontal. Similar
products to expand
market offering.

Power electronics
company

Electric drive
conversion company

Type of acquisition
Vertical. Improvelogistics, reduce staff
and improve time tomarket.

SBD Insight

SBD Insight

SBD InsightThis acquisition came with related announcementsthat show Intel is making a deliberate push to either
gain share in the automotive and EV market or
ensure they maintain their position. Zeekr is the firstcompany to use new products from this acquisition.
SBD expects more OEMs to follow.

V2X requires multiple pieces of infrastructure,sometimes operated by different companies, tocommunicate. The only way to do this seamlessly isfor organizations to partner. Furthermore, thebusiness case for V2X isn’t yet clear. Partnering withanother business may be a better businessproposition.

This acquisition should allow the development of acomplete electric drive and power management
system. Sea Electric have expertise in electric
conversions, which will position them well forvehicle operators looking to convert existing fleets
instead of purchasing new electric vehicles. They
should be wary of national regulations concerning
the conversion of powertrains.

Please go through excel for more Acquisition noticed by SBD in Q 1_2024

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