Mobility VC: How the ‘bullshit’ speculative boom led to current underinvestment

Olaf Sakkers, co-founder of global mobility VC firm RedBlue Capital, explains how a “spectrum of investor errors”, irrational public intolerances, and more, has led to market under-investment

February 7, 2024

Over the last few months it is safe to say the new mobility industry has been going through a bit of a rough patch. First, Superpedestrian closed its doors 18 months after raising $125m in new funding. Next was Micromobility.Com which was delisted from Nasdaq for failing to maintain a share price above $1. Then came the largest shockwave of all – Bird, the company which was once one of the fastest startups to reach a $1 billion valuation, filed for bankruptcy.