Micromobility is Changing the way We move for the better | Sebastien Bihari

The automotive industry is currently experiencing a once-in-a-century transformation. With the advent of digitalization and connectivity, there is a massive opportunity for growth in the industry, which will be further fueled by artificial intelligence (AI) as it works with the data created by digitalization. The ability to upgrade vehicles' software will be a significant opportunity for manufacturers, as it will provide greater flexibility for consumers. In addition, the emergence of new modes of transportation, such as ride-hailing and micromobility, will offer more options for riders, ultimately changing the way we move for the better. Micromobility sector is going through a rough phase but regulatory push fosters the adoption of technology. Startups looking to capitalize on this transformation should focus on the end-use and end-users economics and utilization, rather than solely on their product.

Sebastien Bihari is the General Partner of Vektor Partners. The fund has reached a first close of EUR 50 million and looking to raise EUR 125 million. The fund invests in early-stage startups in the mobility sector, focusing on software, AI /machine learning, and data-driven business models. Prior to launching the fund, he was the Managing Director, Head of Automotive Investment Banking EMEA with BNP Paribas, and Executive Director / SVP, M&A at Moelis & Company. He is a global citizen and lived and worked in many countries.