Top-3 trends and innovations in the automotive industry

Top-3 trends and innovations in the automotive industry Economy Insights

We analyzed 4500 startups and identified automotive industry trends for 2022.
2022-01-19, by Ted Jackman, Independent Financial Adviser

#Car || #2022 || #Production ||

Table of contents:

1. Autonomous vehicles (AV)

autonomous or self-driving vehicles aim to minimize the need for human drivers and seem poised to transform everyday transportation. AV fleets are expanding last-mile deliveries, reducing downtime and aiming to make public transportation relatively safe. For example, reducing the number of accidents caused by fatigue or negligence of the driver. The vehicles are equipped with advanced recognition technologies such as computer vision enhanced by artificial intelligence to detect obstacles along the way.

the US startup Intvo is developing technology to predict pedestrian behavior. Unlike technologies for detecting two-dimensional (2D) and three-dimensional (3D) objects, which take into account limited parameters, their solution verifies the position of the head, eye contact and foot movements of pedestrians, weather conditions and determines the level of risk. This reduces false positives when detecting pedestrians and improves the safety of autonomous vehicles.

U.S. startup Udelv provides unmanned vehicles for last-mile deliveries. It combines advanced artificial intelligence algorithms and ultra-fast teleoperations to help a person in unique situations. The startup`s vans have a payload capacity of approx. 360 kg (800+ lbs) and reach speeds of up to 100 km/h (60 mph). Vans deliver groceries from nearby stores and send push notifications when an order arrives.

2. Connectivity

currently, vehicles are equipped with a secure digital identity that sets them apart from other vehicles on the network. This makes it easy to monitor vehicle data for various use cases such as insurance, driver safety, predictive maintenance, and fleet management. Sharing vehicle data not only helps the individual customer, but rebuilds the entire mobile ecosystem.

the British startup V2 net net offreork offers a ""car-to-everything""; (v2.) platform for offline transactions that combines geo-NETW The platform works on distributed ledger technologies (DLT) and offers a high degree of scalability. The startup uses enterprise-grade encryption to give users control over their data and improve security measures and privacy

Israeli startup NoTraffic is developing an artificial intelligence-based traffic sign platform that digitizes road infrastructure management and connects drivers to city streets to solve various traffic-related problems. Data from all road users is transmitted and processed in real time to enable intelligent mobility. The solution also serves as the basis for value-added services such as micropayments and micromobility.

3. Electrification

the decrease in the supply of fossil fuels and the environmental damage caused by their use require the encouragement of the use of electric vehicles. For wider adoption, electric vehicles face problems such as high costs, poor battery life, inadequate charging infrastructure, fleet electrification, and renewable energy-powered charging networks.

Lordsto Motori

the American startup Lordsto Motors N Motors Corps makes an all-electric pickup truck. The endurancetm truck is designed to be a reliable work vehicle and has fewer moving parts than traditional commercial vehicles, making maintenance easier. It is equipped with 4-wheel drive electric motors for all-wheel drive and is capable of traveling over 400 km on a single charge, as explained here VIN decoder.

German startup charge offre offers a modular charging solution for electric vehicles that turns parking lots into charging stations. The launch pad, Aqueduct, is easy to install, has 4 charging modules up to 22k. The solution takes into account the power requirements of each vehicle and automatically controls the charging rate for each vehicle.

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Ted Jackman

Ted Jackman contributor to
Independent Financial Adviser