StartupBlink Blog

Abstract

This report showcases the state of the transportation industry in 2022 and offers an in-depth overview of the top 30 cities for transportation in 2022.  Expanding on the findings of the Global Startup Ecosystem Index 2022, the report also includes a list of including top unicorns, exits, and pantheons operating in the transportation industry. While this industry has the smallest number of startups in our sample database, it boasts a higher number of unicorns. Below are our top insights:

Transportation Industry at a Glance: top insights

➡️In 2022, the transportation industry boasts 2.6% of the StartupBlink sampled startups, making it the smallest industry in terms of Quantity, but it is the fourth largest industry for unicorns with 7.5% of the sampled unicorns. On the StartupBlink Ecosystem Map, we have identified eight sub-industries for transportation: logistics (30.2%); aviation (3.3%); maritime (1.3%); public transportation (1.7%); automotive (38.8%); aerospace (11.5%); ride-hailing (2.1%) and other (11.2%).

➡️The Unicorn count in our sample database for this industry is 77, which represents 7.5% of the total sampled startups. Logistics startups constitute 50,6% of the transportation unicorns.

➡️ The United States has the highest number of Transportation startups, followed by Lithuania and Estonia. In contrast, the top cities in the industry are San Fransisco Bay, Shanghai, and Beijing, which are maintaining their position as the top three cities.

Ranking the top 30 Countries for Transportation

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In comparison to 2021 rankings, the first significant change in the top three cities is Lithuania’s 15 spots jump to the position previously occupied by Estonia. Secondly, China lost 6 spots in the charts, leaving its place to Estonia. The United States also maintains its leadership position in the Transportation industry with a significant score difference from the second-ranking country. Turkey, Slovenia, and Russia are the top overperforming countries with respect to changes in global rankings. These countries showed an increase of 99%, 74%, and 48,27%, respectively.

It is also worth noting that Japan and Ireland are among the top 30 countries in the industry for the first time. These two countries managed to increase their scores by 95,25% and 34,33%. On the other hand, Bulgaria and Hungary are not in the top 30 this year since they slightly decreased their rankings.

Ranking the top 30 Cities for Transportation

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From 2021 to 2022, the top three cities, San Francisco Bay, Shanghai, and Beijing, maintained their positions. Shanghai and Beijing positioned themselves up by 5 and 3 spots, respectively, in comparison to their global rankings. Los Angeles increased its total score by  100%, replacing Bangalore in the fourth position. 

New York, Dallas-Fort Worth, and Minneapolis are catching up with their contender as they jumped 11, 17, and 10 spots in 2022. Dallas-Fort Worth and Minneapolis’ rankings in Transportation are 19 and 33 spots better than their 2022 global rankings.

Changzhou from China is the leading overperformer based on the difference between global and industry rankings. It is positioned 1,915%  higher in the Transportation rankings. It also managed to appear in the transportation industry’s top 30 for the first time.  Auckland, Dubai, and Tallinn are other overperformers. They are ranked 300%, 190.5%, and 158.3% higher than their global rankings.


Helsinki is the top overperformer in comparison to 2021 scores. Finland’s capital successfully increased its total industry score by 616%. Taipei City also increased its total industry score by 410%, followed by Dubai with a 329% increase in the total industry score. It is the first time that these three cities have appeared in top-performing startup ecosystems in Transportation. Sweden’s capital, Stockholm, has also increased its score by 261%, jumping 23 spots in the industry rankings.

Transportation Pantheon Members in 2022

Pantheon member is a category coined by StartupBlink. It includes companies or organizations that are no longer a startup or a unicorn but still substantially impact their startup ecosystem and their brand. These Pantheons are categorized into three tiers depending on their impact and quality. Below are the pantheon members making a notable impact in the transportation industry: 

  1. Airbus

Toulouse, France

Airbus is an international pioneer in the aerospace industry. We are a leader in designing, manufacturing, and delivering aerospace products, services, and solutions to customers on a global scale.

  1. Aurora

Palo Alto, United States

Aurora is a developer and manufacturer of self-driving technology for vehicles.

  1. Boeing

Chicago, United States

The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide.

  1. Didi Chuxing

Beijing, United States

Didi Chuxing is a platform offering mobile transportation options.

  1. Gojek

Jakarta, Indonesia

Gojek is a Super App. It’s one app for ordering food, commuting, digital payments, shopping, hyper-local delivery, and a dozen other products serving Indonesia.

  1. Lyft

San Francisco, United States

Ride-hailing app allows users to tip drivers 72 hours after a trip.

  1. Rivian

Plymouth, United States

Rivian is an electric car engineering and manufacturing company specializing in electric offroad vehicles.

  1. SpaceX

Hawthorne, United States

SpaceX designs, manufactures, and launches the world’s most advanced rockets and spacecraft.

  1. Tesla

Palo Alto, United States

Tesla is a car manufacturing company that produces cars using sustainable energy as an energy source

  1. Uber

San Francisco, United States

Request a car from any mobile phone via text message, iPhone, and Android apps. Automatically charged to your credit card on file, tip included.

  1. Waze

Tel Aviv-Yafo, Israel

Join forces with drivers in your area, easily report what’s happening on the road, and get turn-by-turn navigation that automatically re-routes you when road conditions change.

Transportation Unicorns in 2022

Unicorns are startups that reach a valuation of one billion dollars or above. Below are the highest-ranked transportation unicorns from the  StartupBlink database.

  1. Flexport

San Francisco, United States

Flexport helps companies import products from overseas. It is an import-export concierge built around a modern web application. 

  1. Proterra

Greenville, United States

Proterra is a world leader in the design and manufacture of zero-emission vehicles that enable bus fleet operators to reduce operating costs and deliver clean, quiet transportation to the community.

  1. Ninja Van

Singapore City, Singapore

With a focus on e-commerce, it provides businesses with innovative technology-based solutions to optimize their logistics and achieve their business needs.

  1. Gett

Tel Aviv-Yafo, Israel

Gett is a delivery app changes how corporations move things around.

  1. Byton

Nanjing, China

BYTON is a globally reaching start-up company building fully electric cars from the ground up.

  1. Swiggy

Bangalore, India

Swiggy is an online food ordering and delivery platform catering to over 100 cities in India.

  1. Nuro

Mountain View, United States

Nuro is a robotics development company specializing in autonomous delivery vehicles.

  1. Udaan

Bangalore, India

Udaan is a business-to-business e-commerce trading platform catering to SMEs in India.

  1. CAOCAO

Hangzhou, China

CAOCAO is a Chinese-based electric vehicle ride-sharing app.

  1. Delhivery

Gurgaon, India

Delhivery is an online delivery courier based in India.

Transportation Exits in 2022

Exit for a startup occurs when the founder sells the company’s ownership to an investor or another company. It is a strategy for many startups that have been decided on since their establishment. Here are the top exits in 2022 according to the StartupBlink database:

  1. Uber

San Francisco, United States

Request a car from any mobile phone via text message, iPhone, and Android apps. Automatically charged to your credit card on file, tip included.

  1. Rocket Lab

Auckland, New Zealand

Rocket Lab’s mission is to remove the barriers to commercial space by providing frequent launch opportunities to low Earth orbit.

  1. Lyft

San Francisco, United States

Ride-hailing app allows users to tip drivers 72 hours after a trip.

  1. NIO

Shanghai, China

NIO works for the future of smart, electric, and autonomous vehicles.

  1. Gogoro

Taipei City, Taiwan

Gogoro is putting energy into things that matter. With a mission to deliver consumer innovations that will improve how the world’s most populated cities distribute and utilize energy, the company is enabling the transformation of megacities into smart cities.

  1. Didi Chuxing

Beijing, China

Didi Chuxing is a platform offering mobile transportation options.

  1. XPeng Motors

Guangzhou, China

XPeng Motors is a Chinese automobile manufacturer specializing in affordable smart electric vehicles.

  1. Rivian

Plymouth, United States

Rivian is an electric car engineering and manufacturing company specializing in electric offroad vehicles.

  1. Woowa Brothers

Seoul, South Korea

Woowa Brothers is a smartphone application and advertising platform developer that offers delivery and pick-up services.

  1. Aurora

Palo Alto, United States

Aurora is a developer and manufacturer of self-driving technology for vehicles.

Notable Transportation Startups

  1. Moovit

Ness Ziona, Israel

Moovit is a leading Mobility as a Service (MaaS) solutions company and urban mobility app.

  1. Sendle

Sydney, Australia

Sendle helps small businesses thrive by making delivery simple, reliable, and affordable.

  1. Santafixie

Barcelona, Spain

E-commerce platform specializing in city bicycles, components, and accessories.

  1. FlixMobility

Munich, Germany

FlixBus is a young mobility provider that has been changing the way millions of people travel in Europe over the past 3 years. As a combination of tech startup, e-commerce platform, and transportation company, FlixBus was able to establish Europe’s largest.

  1. Spaceful

Montreal, Canada

Hyper-local and global tech-powered logistics.

  1. Auto List

San Francisco, United States

Auto List helps customers to find their next car through its platform.

  1. Beat

Athens, Greece

Beat connects passengers with nearby available drivers in real-time.

  1. Shiprocket

New Delhi, India

Shiprocket is an e-commerce platform that enables cost-effective shipping for direct-to-consumer retailers.

  1. Ekart Logistics

Bangalore, India

EKART is India’s largest logistics and supply chain company, providing end-to-end fulfillment services for businesses.

  1. Riders Share

Marina del Rey, United States

Riders Share is a peer-to-peer marketplace startup that offers street-legal motorcycle rentals.

Methodology

To ensure that the rankings are as accurate as possible, we have based our algorithm on objective, quantifiable data that can be comparatively measured across regions, countries, and cities. We refrained from using subjective tools such as surveys and interviews, and instead utilized data that was either accumulated directly from the StartupBlink map or has arrived from integration with a reliable global data partner. We allow as few assumptions as possible regarding cause and effect and focus on one thing: measuring results. We avoid relying on any theoretical models assuming the causes of success for startup ecosystems. 

Every year our algorithm is more accurate, and it should be noted that the momentum change of each ecosystem is not only influenced by its achievements over the last year, but also by these algorithm improvements. We have been sampling startup ecosystem data on the curated and interactive StartupBlink Global Map, which enables us to test and perfect our algorithm based on vast sets of data. We estimate that the core map dataset has a representative sample covering 10-15% of total relevant entities in global startup ecosystems. In addition, hundreds of thousands of entities and data integrations are taken into account via our global data partners. Each location’s final score is based on the exact same algorithm. However, we are aware that our sample size fluctuates depending on location and data sourcing. Our only intervention in the score is discounting locations where we determined that the sample size of the entities is higher than average. In order to solve issues with lower than average sample size, we have partnered with approximately 100 Ecosystem Partners, most of which are Government agencies, many of them in locations where our data is limited. We offer all governments administrative access to curate the dataset of their ecosystems, at no cost, granting them complimentary access. On our rankings with Unicorns and Exits, we take into account the valuation of each startup and add some special filters to exclude government entities and corporate spin-offs.

The Methodology used in the 11 industry rankings, including Software and Data, is identical to the algorithm of the global rankings, while taking into account the startup database of each industry. However, the fintech Industry rankings are built on an official Fintech Ecosystem Portal: Findexable’s Global Fintech Map, which includes deeper algorithm changes that are customized according to the specific characteristics of the fintech industry. 

Our Data Partners:

startupblink data partners