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Silicon Valley’s disruption in the long-established automotive industry influenced a groundswell of innovative mobility startups. Trends toward electrification, autonomy and connectivity attracted many new entrants at the forefront of technologies such as artificial intelligence and the IoT.
Now the industry is becoming increasingly saturated and competitive. It is moving past the hype cycle and realistic expectations are taking shape.
Why is the automotive industry still a viable market to succeed? How are startups raising money to sustain their operations? A collaborative network continues to expand across the industry with startups, semiconductor companies, automotive suppliers and established carmakers. What types of partnerships will evolve?