 "autonomous cars, new age cars, technology cars")
Investments by big automobile firms and original equipment manufacturers (OEMs) in start-ups have increased substantially to $243 million in 2018, from $14 million a year ago. OEMs feel such investments will reduce the time it takes to launch new vehicles and help to bring new solutions for future mobility faster.
Venture Intelligence data shows that the number of deals -- OEMs' investments in start-ups -- concluded in 2018 was 11, as against three in 2017. They were mostly in the shared mobility, electric vehicle technology and connected mobility space.
Big deals included a $65-million investment by electric scooter
