AutoTech Ventures won't let its $200 million transportation portfolio anywhere near scooter companies.
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With billions of dollars pouring into micromobility startups by firm's as large as Softbank, Autotech is sitting this one out for now., a San Francisco-based firm with a portfolio valued at nearly $200 million, has made investments in almost every segment of the red-hot transportation space. "We were very interested in the space, and looked the entire ecosystem," Alexei Andreev, Autotech's founder and managing director said in a recent interview."But we found it challenging to pick a winner."
The second problem is that there aren't really any barriers to entry to the industry. That's partly why so many startups, easily numbering into the dozens, have sized the opportunity to ride the scooter wave as people around the world flock to the rental services.
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