How ACES will transform the Automobile industry? | Mark Norman

The automobile industry is going through a big transformation. Mckinsey coined the term ACES to define that how Automation, Connectivity, Energy transition, and shared mobility will redefine the sector. Technology will change the traditional method of how we purchase and use vehicles. New business models are emerging and new entrants especially technology companies are looking to reshare the industry with Software Defined Vehicles (SDV), autonomy, and electric drive. These changes will also create opportunities for new technology startups and build new ecosystems.

Mark Norman is General Partner of FM Capital. FM Capital is a venture capital fund focused on technologies transforming the transportation industry. He is responsible for fund leadership, investment strategy, and portfolio management. Prior to setting up the fund, he was president of Zipcar, where he led the company’s expansion creating the world’s largest carsharing network. He was also the CEO of Flexcar, a vehicle subscription company, CEO and Chairman of Chrysler Canada, and Managing Director of Summit Systems, a European technology startup.