A ‘reckoning’ is coming for self driving car startups says an early backer of Lyft. Here’s how the founder of Autotech Ventures is betting on the transportation shakeup.
|12/07/2019||Posted by BusinessMediaguide.Com under General World News||
- Autotech Ventures cofounder Quin Garcia is a big believer in next-generation car technologies, such as electric and autonomous vehicles.
- But his venture fund has intentionally avoided backing startups that are developing electric or self-driving cars for the masses.
- Such companies require massive investment and are many years away from delivering returns, he said.
- But Autotech is finding ways to place bets in those areas and in other areas where the transportation sector is being transformed by technology, such as in a startup working on self-driving mining vehicles and another that’s built an online marketplace for auto repairs.
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