The Intelligent Mobility (IM) Accelerator is now taking applications from start-ups to help raise funding for UK transport innovation.
To date, the IM Accelerator has generated 24 commercial pilots for the 28 start-ups that have participated in the programme and combined, the start-ups have raised over $250M in external investment.
The IM Accelerator, based in Milton Keynes and London, is a partnership between Connected Places Catapult (CPC) and Wayra UK, the world-leading start-up accelerator that is part of Telefónica Open Future.
The programme is designed to support and guide disruptive start-ups with high-growth potential into the UK transport industry, helping them grow into world-leading companies.
The programme is also supported by Hyundai and Ferrovial Services, who will provide support to start-ups at the accelerator, including mentoring, coaching, and access to their high-level expertise and networks.
The programme focuses on intelligent mobility, including areas such as connected and autonomous vehicles, connected infrastructure, new business models, transport data and AI.
Businesses accepted to the programme will receive a six-month support programme, providing office space, mentoring and networking.
The successful start-ups will also get access to Wayra UK’s and the CPC’s networks of investors, Government agencies, customers, large corporates and universities, as well as opportunities to work with the CPC’s industry -leading mobility, digital and data teams.
Notable success stories from the programme so far include kerbside management and mobility technology firm AppyWay, who received strategic investment from Hyundai and the Sumitomo Corporation as part of the its total £7.6 million funding round; and, electric vehicle range prediction technology company Spark EV, who received support to trial its technology on Hyundai electric vehicles. These were both a direct result of AppyWay’s and Spark EV’s involvement on the accelerator.
Alex Weedon, SME director at the Connected Places Catapult, said: “The transport industry is undergoing its biggest transformation in generations, as technology provides a cleaner and more efficient way of moving people and goods.
“The IM Accelerator programme has already uncovered innovative thinkers who are ready to lead the way in this new world. We’re excited to be setting out to find the next group of businesses to help make their visions a reality.”
Businesses interested in applying for the latest accelerator round can do so at https://www.wayra.uk/programs/intelligent-mobility