Top 3 trends and innovations in the automotive industry
What are the hottest automotive trends as of 2022?
We analyzed 4,859 startups and identified automotive industry trends for 2020.
1. Autonomous vehicles (AV)
Autonomous or self-driving vehicles aim to minimize the need for human drivers and look poised to transform everyday transportation. AV fleets are expanding last mile deliveries, reducing downtime and aiming to make public transport relatively safe. For example, by reducing the number of accidents caused by driver fatigue or negligence. The vehicles are equipped with advanced recognition technologies such as AI-enhanced computer vision to detect obstacles along the route.
US-based 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 checks the head position, 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.-based 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+ pounds) and reach speeds up to 100 km/h (60 mph). Vans deliver groceries from nearby stores and send push notifications when an order arrives.
Currently, vehicles come with a secure digital identity that distinguishes them from other vehicles on the network. This makes it easy to track 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.
UK-based startup V2X Network offers a "car-to-everything" (V2X) platform for offline transactions that combines geo-networking and caching for low-latency, real-time communications. The platform runs on distributed ledger technologies (DLT) and provides a high degree of scalability. The startup uses enterprise-grade encryption to give users control over their data for improved security and privacy measures: VIN lookup.
Israeli startup NoTraffic is developing an AI-powered traffic signal platform that digitizes road infrastructure management and connects drivers to city roads to solve various traffic-related problems. Data from all road users is streamed 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.
The dwindling 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 need to address issues such as high cost, poor battery life, inadequate charging infrastructure, fleet electrification, and renewable energy-powered charging networks.
American startup Lordstown 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 electric motors for all-wheel drive and is capable of traveling over 250 miles (400 km) on a single charge, like explained here VIN check.
German startup ChargeX offers a modular electric vehicle charging solution that turns parking spaces into charging stations. The launch platform, Aqueduct, is easy to install, has 4 charging modules up to 22kW, provides monthly reports, and uses a Typ2 charging cable. The solution takes into account the power requirements of each vehicle and automatically controls the charging rate for each vehicle.
Read more: VIN lookup free.