EIT URBAN MOBLITY | Startup Investments 2021 (Q3)

Urban mobility is undergoing one of the most transformational shifts of a generation. A successful strategy in the industry requires the adoption of a comprehensive and coherent approach, centered on innovative ventures that are disrupting this landscape. 

While the pandemic has taken a heavy toll on the economy, the crisis has also encountered major opportunities for innovation. Examples of drivers underpinning this ongoing transformation are startups and scale-ups with high financial, environmental and social impact and growth potential. 

In pursuit of leading positive change and business prosperity, EIT Urban Mobility is investing up to €150.000 per company in high-impact startups and scale-ups to accelerate their journey, to continue critical innovation and to ultimately transform the European urban mobility landscape. 

An EIT Urban Mobility investment will not only provide you with capital but also position you in the venturing ecosystem and include you in our European partner network of corporates, investors and cities. 

Who qualifies for startup investment?

Startups and scale-ups currently fundraising or preferably already in an ongoing funding round with the following characteristics: 

  • Incorporated not more than 10 years ago 
  • Less than 100 employees on their payroll
  • Innovative product/ service contributing to at least one of the EIT Urban Mobility Focus Areas:  
  1. Urban Air Mobility  
  2. Waterway Transportation & Water Logistics 
  3. Connected Vehicles 
  4. Mobility & Energy 
  5. Autonomous Vehicles and Systems 
  6. Mapping and Navigation 
  7. Sensors and Training Data 
  8. Mobility Services 
  9. Vehicle Marketplaces and Aftermarket 
  10. Smart Cities & Smart Parking 
  11. Last-mile Delivery & Green Logistics 

For more information, please contact Pablo Garrido

Tips for future applicants

You can submit your application form using EIT Urban Mobility platform. The platform has new functionalities to help you prepare your application, and the Guide for Applicants and FAQs on the EIT Urban Mobility’s website have been updated.

  • You can prove that your company has successfully developed and commercialised products or services that represent a significant innovation in markets where value and monetisation can be maximised 
  • You have the management and technical expertise, with the necessary resources to show that the company is economically viable 
  • Your company’s operations, products/services contribute positively to at least one of the EIT Urban Mobility’s Core Sustainable Development Goals (SDGs); SDG3, SDG7, SDG8, SDG9, SDG11 and SDG13 

Activity DateComment 
Call opens25 October 2021Register here: application form
Deadline12 November 2021
Evaluation of proposals12 – 19 November 2021 Timeframe dependent on number of eligible applications  
Final Evaluation period with Virtual Pitch, Q&As and Due Diligence22 – 26 November 2021Timeframe dependent on number of eligible applications 
Announcement of companies selected29 – 30 November 2021Outcome notifications for different selected applications will be made as they happen
Approval and signature of investmentDecember 2021   

What we offer

Our startup investment instrument consists of up to €150.000 in exchange for equity. If selected for investment, your company will also benefit from access to regional ecosystems, infrastructure and coaching to drive growth and internationalisation. 

These are the requirements that companies need to fulfil to be eligible:

  1. The amount of equity for EIT Urban Mobility needs to be substantiated (e.g. company valuation set in the last funding round, revenues, term sheet, etc.) when submitting the application form.
  2. EIT Urban Mobility will be a strategic shareholder, and EIT Urban Mobility’s shares would be diluted in case of capital increases
  3. Selected Applicants are required to contribute to EIT Urban Mobility’s Financial Sustainability Mechanism (FSM). The Applicant will give out company’s shares in exchange of the investment received, based on the company’s valuation and investment amount agreed by EIT Urban Mobility and the applicant. This means EIT Urban Mobility will benefit from the success of your business
  4. A term sheet and a shareholders agreement shall be notarised to formalise the investment

Selection criteria

  • Resilience and capacity to leverage your company’s resources as a response to the changing environment and challenges and opportunities, ensuring traction and growth 
  • Positive contribution to at least one of our challenge areas (Active Mobility, Sustainable City Logistics, Creating Public Realm, Future Mobility and Mobility & Energy) and to Core Sustainable Development Goals (SDGs); SDG3, SDG7, SDG8, SDG9, SDG11 and SDG13 
  • You have secured/ committed investment from other accredited investors (BA, VC, CVC, etc.) in your current capital raise where EIT Urban Mobility would participate 
  • You can act fast and diligently to formalise the current funding round and the investment process  

The equality between men and women is a core value for EIT Urban Mobility. We support the adoption of the EIT’s Gender Mainstreaming Policy and its impact in the Knowledge Triangle.

In consequence, investments in companies with at least one woman in the managing team will prevail over investments exclusively in male teams.

Exclusion criteria

Applicants will be excluded if they:  

  • Are subject to an administrative sanction (i.e. exclusion) 
  • Are in one of the following situations: a. Bankrupt, being wound up, having their affairs administered by the courts, entered into an arrangement with creditors, suspended business activities or subject to any other similar proceedings or procedures under national law (including persons with unlimited liability for the participant’s debts) b. Declared in breach of social security or tax obligations by a final judgment or decision (including persons with unlimited liability for the participant’s debts)  
  • Are found guilty of grave professional misconduct by a final judgment or decision (including persons having powers of representation, decision-making or control)  
  • Are convicted of fraud, corruption, involvement in a criminal organisation, money laundering, terrorism-related crimes (including terrorism financing), child labour or human trafficking (including persons having powers of representation, decision-making or control)  
  • Shown significant deficiencies in complying with main obligations under a procurement contract, grant agreement or grant decision financed by the EU or Euratom budget (including persons having powers of representation, decision-making or control)  
  • Have misrepresented information required for participating in the EIT Urban Mobility funding scheme or fail to submit such information  
  • Were involved in the preparation of any documentation regarding this call or are involved in the evaluation process of this call and this entails a distortion of competition 

Selection process and key dates

  • Please use this application form to express interest and provide all requested  details about your company at the latest  by the 12 of November 2021
  • All applications will be evaluated by EIT Urban Mobility staff with the support of independent external experts and venture capital investors
  • By the 29 – 30 of November 2021, EIT Urban Mobility will announce the companies selected and will also communicate the next steps
  • All information you share with us will be treated confidentially and in accordance with the General Data Protection Regulation, GDPR (Regulation EU 2016/679)  

Episode 7 of the podcast Conversations in the Park is now released!

To celebrate #InternationalPodcastDay, we present to you Episode 7 of #ConversationsInTheParkPodcast: The StartUp journey in Mobility, sponsored by EIT Urban Mobility.

We had two startup leaders, Mari-Ly Klaats COO of Auve Tech Thibault Castagne co-founder and CEO of Vianova I/O share their experiences of beginning and existing in the mobility industry, as well as EIT Urban Mobility’s own Business Creation Director Fredrik Hånell who talked of his work with startups. Thank you to our co-hosts Christopher Gruen and David Fidalgo for guiding the discussion. A very insightful conversation, especially for startups in mobility.

Listen to the episode here:

Spotify: https://lnkd.in/dNuBJu-N

Apple podcasts: https://lnkd.in/d9-GhkP8

And everywhere else you find your #podcasts

#urbanmobility#startupjourney#mobilitystartups#futureofmobility

Our Innovation Hub Central welcomed last week partners and stakeholders in its new premises in Munich

The Innovation Hub Central is one of five Innovation Hubs that EIT Urban Mobility has created to engage, support and to widen its partnership, to build up and share knowledge amongst the local ecosystems and to increase awareness across the whole Europe.

Relaxed COVID19 regulations and the new location of Innovation Hub Central in the Munich Urban CoLab allowed for a three-day face-to-face and semi online inauguration event taking place between 20-22 September 2021 in Munich (Germany).

On the first day, Innovation Hub Central presented to local and regional stakeholders the vision and mission of EIT Urban Mobility, our action-orientated innovation, business creation and the various training programmes of the Academy as well as the services we offer to support the scaling and market uptake of innovative solutions. We also had the opportunity to showcase the vibrant and dedicated Munich ecosystem and the startups we support in the field of urban mobility to our partners that had come to Munich from across the geography of the hub to the event.

From left to right, Directors of Innovation Hub West, Edwin Heesakers, East, Traian Urban, North, Henrik Morgen, South, Daniel Serra, and Central, Judith O’Meara.

The following day was dedicated to thematic topics with panel discussions on the New European Bauhaus Initiative by the European Commission and on Future Mobility, with a special focus on Urban Air Mobility (UAM). Speakers from partner cities, universities, research institutions, industry and startups participated in the discussions. 

Imagen
Imagen

Within the framework of the European Mobility Week, site visits were organised by the City of Munich in the afternoon to mobility-related places of special interest to foster active mobility and the creation of liveable urban spaces.

On the third day of the event, two EIT Urban Mobility Action and Impact Groups (AIGs) on Public Realm & Active Mobility were launched and followed by ideation sessions. AIGs aim at identifying and applying for regional, national, and European level funding schemes, adjacent to the EIT Urban Mobility mission and for the added benefit of our partners. In parallel, a meeting of the Specific Interest Group (SIG) on Urban Air Mobility took place to plan joint actions on the field.

While local and regional stakeholders learnt more about EIT Urban Mobility and the topics of special interest to the partners of Innovation Hub Central, new connections were created across the local ecosystems located in Innovation Hub Central and ideas were discussed and explored in view of the next Project Development Lifecycle.

Learn more about this hub and its work!

Two webinar sessions for the new RIS Call for Hub Activities in Croatia, Latvia, Romania, Slovakia, and Turkey

Do you want to be our next RIS Hub? Join one of our webinars and clear your doubts up!

The Call for Proposals for EIT Urban Mobility Hub activities of the Regional Innovation Scheme (RIS) for Croatia, Latvia, Romania, Slovakia and Turkey is open until 2 August 2021. During the webinar, in each of the two sessions offered (6 or 20 July), you will have the opportunity to know more about the new RIS HUB Call and clarify all your doubts. Bence Huba, our RIS Manager will make an introduction about the timeline for the call, all the requirements and particularly about the different work packages. Also, during the webinar technical support on how to hand in the RIS proposals will be delivered. The last part of the event will be a Q&A time with the audience, who will be able to directly ask questions to the RIS team. The zoom link to connect to the webinar will be shared with participants after their registration.

Agenda
Introduction and main explication by Bence Huba, RIS Manager (1h)
Q&A with the audience (30mn)  
  

We are offering two dates for this webinar:

6 July, 2021 10:00 CEST Madrid. Register in advance for this webinar

20 July, 2021 01:00 PM Madrid. Register in advance for this webinar

Two webinar sessions for the new RIS Call for Hub Activities in Croatia, Latvia, Romania, Slovakia, and Turkey

Do you want to be our next RIS Hub? Join one of our webinars and clear your doubts up!

The Call for Proposals for EIT Urban Mobility Hub activities of the Regional Innovation Scheme (RIS) for Croatia, Latvia, Romania, Slovakia and Turkey is open until 2 August 2021. During the webinar, in each of the two sessions offered (6 or 20 July), you will have the opportunity to know more about the new RIS HUB Call and clarify all your doubts. Bence Huba, our RIS Manager will make an introduction about the timeline for the call, all the requirements and particularly about the different work packages. Also, during the webinar technical support on how to hand in the RIS proposals will be delivered. The last part of the event will be a Q&A time with the audience, who will be able to directly ask questions to the RIS team. The zoom link to connect to the webinar will be shared with participants after their registration.

Agenda
Introduction and main explication by Bence Huba, RIS Manager (1h)
Q&A with the audience (30mn)  
  

The Last Mile Digital Platform – Towards a more resilient goods road transport in Europe

Last Mile Team, an EIT Urban Mobility Business Creation’s portfolio company, is the winner of the first Spanish National Mobility Award in the Product category. This awards recognises the team as a catalyst to the green and digital goods road transport twin transition, and a solution that improves cities liveability and contributes to achieve the EU Green Deal and the United Nations Sustainable Development Goals objectives in the short, medium and long term.

Founded in 2016 by a core team of diverse age, gender, culture and background group of people with deep knowledge in their respective fields of expertise, they are one of the so called “deep-tech” startups. They make use of Artificial Intelligence, Blockchain, Internet of Things and other advanced technologies, but what makes them fit for the purpose is the deep impact of their solutions to solve urban logistics and last mile delivery global problems that affect all cities in the world.

Their inclusive digital solutions enable cities and companies to build, evaluate, select and put into daily operation Digital Twins of fairer, smarter and greener urban logistics and last mile delivery business models. Innovative models that achieve impactful results balancing all stakeholders’ interests, customers convenience and competitive dynamics, minimising disruption and improving the Triple Bottom Line.

“They were among the first 15 teams selected for EIT Urban Mobility Scale-up Hub, as one of the teams that will shape the future of sustainable urban mobility in Europe and beyond! They were also selected to join EIT Urban Mobility GoGlobal, a program to take the participants to the next level.” says Fredrik Hanel, EIT Urban Mobility Business Creation Director.

We thoroughly enjoyed both programmes. Meeting and working with mentors, city representatives and investors to review, identify and implement improvements to our growth, fundraising, marketing, communication etc. strategies was a very intense learning experience. It was particularly exciting to give, take and share with a community of like-minded founders who want to improve mobility in its broadest sense. For us it was a chance to meet people we normally wouldn’t meet and openly discuss any topic to a very deep level.”, says Ángel Batalla, Last Mile Team CEO.

Their solutions are currently in TRL 7, being applied in the Horizon 2020 funded LEAD project that will create Digital Twins of urban logistics networks in six European cities, to test and represent different innovative solutions for city logistics, to address the requirements of the on-demand economy while aligning competing interests and creating value for all different stakeholders.

Learn more about Last Mile Team here

More information about Last Mile Digital Platform©

It is validated by Microsoft and Honeywell as a Delivery Logistics Platform line-of-business application suitable for Corporates and Enterprises.

Last Mile Team is a high-risk, high-potential, innovative but not-easily-bankable SME. Is actively looking for lead city or industry customers but they plan to apply for blended finance to the newly created European Innovation Council Accelerator Fast-Track. The grant would be to develop additional functionalities and become open source to bridge the chronic transport industry digital divide, the equity to finance market creation and commercialise their products, services and business models. They are in a mission to drive economic growth and strongly support transport decarbonisation in Europe and worldwide. 

The Last Mile Digital Platform has also been recognised the most innovative mobility startup at Inovate Against the Virus 2020, and credited as an Innovative Technology-Based Entreprise in Feruary 2021. Few days ago, they were accepted as an official partners of the Spanish Government “Acelera PYME”, a programme to support SMEs to help mitigate the impact of Covid19 on their road transport activity,

EMERGING FROM A YEAR LIKE NO OTHER

With a year of pandemic restrictions now elapsed, mobility providers in Europe are taking stock of how rolling curfews, travel restrictions and lockdowns have impacted their businesses.  Shared mobility operators are no different. But while the sector has indeed been affected by the economy-wide downturn, a new report reveals an industry that has proven remarkably resilient.

At fluctuo, we have just released the first edition of the European Shared Mobility Index, a new quarterly snapshot of the shared mobility industry. This Index benchmarks the industry’s performance for Q1 2021 across shared bike, scooter, moped and car services. Fluctuo selected 16 cities that best reflect the diversity of Europe’s shared mobility markets, analysing aggregated data to offer an overview of recent activity.

Download the Index here!

The Index finds that the marked declines in ridership seen across Europe during the first lockdown in March 2020 were no burn out during the rest of the year. In fact, as of 31 March 2021 most shared mobility modes were already approaching the ridership levels seen in June 2020, suggesting the industry is already emerging from the pandemic’s third wave. 

Throughout the first quarter of the year, service indicators and performance differed strongly across the four mobility modes.  Bike sharing, for example, is present in all 16 cities, with docked or station-based bikes significantly outnumbering free-floating bikes in all but three markets. Scooters have grown to account for roughly a quarter of all shared mobility trips, while Barcelona remains the undisputed king of moped sharing.

The car sharing market is less easily characterized. Business models range from traditional car hire agencies experimenting with app-enabled rentals through peer-to-peer services that lack clear fleet numbers and reliable data.  In between, we find a series of established operators (often backed up by major auto OEMs) that offer varying levels of flexibility in car sharing.  This results in vastly different fleets of station-based and free-floating vehicles (e.g. Berlin and Paris have almost opposing shares) with even more surprising results for average hourly pricing.

Each edition of the European Shared Mobility Index will also take a closer look at four specific shared mobility markets. The latest report explores Paris and its record-breaking shared services, Warsaw’s growing dynamism, Milan’s well-balanced market and Hamburg’s MaaS ambitions.

Among the Index’s other findings:

  • There were approximately 235,000 shared vehicles on the road at the end of the first semester
  • Five shared mobility trips were made every second during the month of March
  • Nordic cities have the highest per capita vehicle saturation
  • Paris has more shared bikes on its streets than 10 of the other 16 cities combined

Of course, the first quarter is typically a period of weak demand and growth.  Many shared mobility operators use this time to prepare for the busy summer period, adjusting their fleets, consolidating their services and launching in new markets.  The European Shared Mobility Index also charts this behind-the-scenes business activity:

  • Eight of the biggest financing rounds raised approx. €171 million for European operators
  • Partnerships are intensifying between individual service providers and Mobility-as-a-Service aggregators
  • Operators are getting serious about regulatory change, forming multiple advocacy groups at national and EU-level

How mobility operators position themselves for the coming season could have far-reaching consequences for the industry more broadly.  Already there are signs of growing consolidation among some of the larger players and a developing trend towards multimodal diversification: some operators now offer bike-, scooter- and moped-sharing all under the one brand.

What is clear from the European Shared Mobility Index is that this industry is redefining urban mobility.  Fluctuo is keeping their hands on the pulse with innovative data collection methods, sophisticated algorithms and a team of mobility experts; and it will release the Quarter 2 edition of the European Shared Mobility Index in mid-July.  In the meantime, you can access all the findings from the current edition here to learn how the shared mobility industry is emerging from a year like no other

FURNISH – The project that is reconfiguring public spaces across Europe

In the current times, where cities are facing new mobility restrictions, ensuring social distancing is still an issue for the majority of countries to avoid a larger spread of COVID-19. In this context, the teams participating in the FURNISH project, have deployed their designs onto the streets of their cities with the goal of mitigating the spread of the COVID-19 pandemic.

A total of 23 teams applied to the open call, which resulted in 4 winning teams from different European countries. During the past months, they have been working jointly with the consortium members through mentoring and virtual workshops, which has involved more than 70 professionals, to design unique temporary urban elements. The 7 teams (4 selected through the open call and 3 headed by the FURNISH design partners) have now reached the last stage of the process and have already tested their creations on the streets of their respective cities.

The contexts where these prototypes have been tested are cultural, educational, recreational and commercial activities that take place in public space. In these situations, new spaces need to be gained, often in a temporary way. FURNISH proposals help expand public space in areas temporarily cut off from circulation.

The seven prototypes, placed in five different European cities, have been tested by more than 300 people through “living labs”, as the end-users of these designs have intervened in the evaluation of the pieces, fabricated digitally in FabLabs. The cities where these tests are taking place are: Espoo (Finland), Barcelona (Spain), Budapest (Hungary), Guimarães (Portugal), and Milan (Italy).

The prototypes created are:

Prototype 1: AEIOU (Amplification Element for Interactive Open Urbanism) developed by EAUM & I+D+ARQ.

AEIOU intends to generate new ways of expressing a traditional event, by means of an interaction that keeps social distancing but simultaneously reaches the greatest number of people, spreading the positive feeling that is present in such a traditional celebration.

Prototype 2: BP GANG developed by BP Gange.

BP Gang is a Courtyard transformation project in a downtown urban block in Budapest. It is an installation of digitally fabricated sets of furniture and graphics. It aims to foster the stimulus for more interaction between users through art, music, theatre, and new daily rituals while maintaining social distancing measures daily.

Prototype 3: Konch deeloped by NOT-19 (Aalto Fablab)

Konch is a multipurpose object enabling discussion or relaxation in the COVID-19 situation. It is a comfortable seat with an integrated audio system. This way one can keep the social distance recommendations and still have a vivid, organic, screen-less conversation, as a balance to the recently so popular video chats. Konches can be easily arranged in any constellation up to 100 meters apart, which is the area covered by the integrated router.

Prototype 04: MUE:SLI, developed by UNPark.

MUE:SLI (Mobile Urban Element: Sport, Leisure and Inclusion) is the name of the digital fabrication project developed by the UNPark team of the Politecnico di Milano and Ideas – Bit Factory, the first Fab lab of the Monza Brianza province, for the European Call FURNISH (EIT Urban Mobility).

Prototype 05: Educational Expanded Dispositive for Urban Space & social network (EDUS point) developed by UPC Barcelona.

Under the conditions derived from the COVID-19 Pandemic and the protocols for the use of spaces and physical distancing, we will focus on experimenting with urban relations and synergies, focusing on educational spaces. Based on the strategic location of an ephemeral and itinerant architectural device, it is intended to allow continuous learning and experimentation on the use and appropriation of urban space by citizens. 

Prototype 06: VORA, developed by ELISAVA .

Vora is a temporary infrastructure conceived to intensify and multiply the use of recently gained pedestrian spaces around school accesses in Barcelona city centre, consolidating the temporary public spaces that have occupied streets in response to the COVID-19 crisis. VORA is a safe and thick limit that promotes space appropriation though spontaneous game, outdoor academic activities and creative industries actions.

Prototype 07: Open Terrace, developed by IAAC.

Open Terrace is a modular, adaptable system of rapidly deployable and reusable urban elements for reclaiming vehicular space for human use. The system comprises wooden platforms which elevate street areas to the same level as pedestrian zones, and massive wooden curb which act as safety barriers between people and vehicles and are also capable of serving as foundations for a wide range of plug-in furniture elements.

  • FURNISH is redesigning the world’s streets and reconfiguring public spaces through the use of temporary Mobile Urban Elements (MUE) to mitigate the COVID-19 pandemic.
  • CARNET, Universitat Politècnica de Catalunya · Barcelona Tech (UPC), Elisava, and the Institute for Advanced Architecture of Catalonia (IAAC) and the City of Milan are the partners of this project.

Learn more about the project here.

EITUM will be present at Barcelona ReACT

Maria Tsavachidis, CEO of EIT Urban Mobility, and Daniel Serra, Director of Innovation Hub South, will participate as panellists in the session Mobility Challenges: Our City Needs a Revolution, happening at 15:00 CET.
The event will take place at the Disseny Hub Barcelona (DHub)

EIT Urban Mobility Hub North and EIT Climate KIC join forces in Copenhagen!

The Nordic teams of EIT Urban Mobility Innovation Hub North and EIT Climate KIC are happy to announce that starting from January 2021, both teams are now sharing a common office in Copenhagen, Denmark. The strategic decision to share offices was made in the belief that the challenges in urban mobility and climate change require a strengthened partnership and a new way of collaboration.

The Copenhagen joint office co-location is EIT Urban Mobility’s first of it sort since EIT promoted the cross-KIC co-location initiative. ‘Co-location Centres (CLCs) are the main instrument for managing KIC activities and knowledge flow. They bring together diverse teams from across the ‘Knowledge Triangle’ in one specified physical location and provide the focal point for a KIC’s activity in that area. Geographical proximity is essential for facilitating interactions among KIC partners within a geographical area.’

This decision was initiated earlier in 2020 and resulted in an extensive search for suitable collocation opportunities that could foster the goals of both Copenhagen-based teams. Eventually, EIT Urban Mobility provisional office site at BLOXHUB was chosen as the preferred joint solution. Copenhagen BLOXHUB provides access to a vibrant community of innovators consisting of 350 companies, research institutions, organisations, and municipalities working towards sustainable urbanisation. In this environment, both teams are confident that a strengthened cross-KIC collaboration will lead to innovative and leading-edge results benefiting the ‘knowledge triangle’ communities.

 EIT Urban Mobility’s new office collocation with EIT Climate-KIC has resulted in over 40% cost savings and will lead to greater resource efficiency allowing us to cut down on wasted space, as well as the furniture and equipment costs.  Next to financial savings, the co-location will allow for enhanced cross-KIC collaboration through the planning and organisation of joint activities, harness the power of  networks, and enhance visibility for each of the collocating KICs as well as the EIT Community in the Nordic and Baltic region.  

We are hopeful and looking forward to transforming our virtual to face to face collaboration as soon as the pandemic allows us to work in the new shared office.