Investor frenzy boosts funding in mobility startups to never-before levels

Investor frenzy boosts funding in mobility startups to never-before levels

Th Uber Technologies Inc. car service application (app) is demonstrated for a photograph on an Apple Inc. iPhone in New York, U.S. Photographer: Victor J. Blue/Bloomberg

The shift in technology that has drawn billions of dollars into autonomous driving has also spurred investors to pile into businesses that specialize in sharing cars, summoning rides, and even borrowing bikes. Taken together, this new model for the mobility-as-a-service business continues to grow at a startling pace and move into new markets.

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