Full speed ahead for transport VCs

Transportation investment has moved into the fast lane. Venture and growth investing in transport-related companies accelerated in the third quarter, fueled by momentum in the autonomous driving and ride-hailing spaces, as well as the prospect of big acquisitions. VCs and seed investors poured more than 6.2 billion into more than 150 companies across the globe with transportation-related business models in Q3, according to Crunchbase data. That exceeds the 6.1 billion invested in the space during all of 2015. Transport VC activity has been speeding up for a couple of quarters.