Santa Clara — Innovation and acquisition propel regional and technological penetration for startups, finds Frost & Sullivan's Mobility team
The global automotive aftermarket startup ecosystem is witnessing rapid growth. Original equipment manufacturers (OEMs) such as Toyota, BMW, Tesla, GM, TVS Automobile Solutions and Mahindra, are constantly scouting, investing in, and acquiring startups that enable speed to market, long-term business sustainability, and the development of end-to-end automotive solutions for customers. Startups focusing on service aggregators, eCommerce platforms and telematics are driving growth and technological penetration globally.
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