Unfortunately, not every startup is a success story.

Startups have to close shop for a variety of reasons. Changing regulations might kill the use case. For instance, several smart-luggage startups (e.g. Bluesmart) had to shut down when batteries were banned from checked luggage and carry-ons. In other cases, founders badly screw up by allegedly using company funds for personal use (e.g. Skully).

To not fall victim to confirmation bias, we routinely monitor failed startups in the Travel and Mobility Tech sector.

# NameDescriptionCountryFunding Received ($M)
1Karma AutomotiveManufacturer of luxury plug-in hybrid electric sports vehiclesUnited States1741
2Better PlaceProvider of electric car infrastructureIsrael800
3Handy / Tink LabsProvider of complimentary smartphones for hotel guestsHong Kong425
4QuintessProvider of exclusive hospitality servicesUnited States267
5AirwareProvider of commercial drone servicesUnited States104
6WimduPeer-to-peer property rental platformGermany90
7BluegogoOperator of a bike-sharing serviceChina90
8LolaBusiness travel management company United States82
9Drive.aiDeveloper of an artificial intelligence based self-driving technologyUnited States77
10ChariotProvider of a crowdsourced transit serviceUnited States65
11Zunum AeroDeveloper of commercial hybrid-to-electric aircraftUnited States62
12ZujiOperator of an online travel platformSingapore56
13SidecarDeveloper of a ridehailing platformUnited States43
14FlightCarPeer-to-peer car rental serviceUnited States42
15StayZillaShort-term property rental serviceIndia40
16Alta MotorsManufacturer of lightweight electric vehiclesUnited States39
17KarhooRide comparison and hailing applicationUnited States39
18OktogoOnline hotel booking platformRussia38
19Zailushang (117go.com)Online holiday information portalChina37
20BluesmartManufacturer of smart luggageUnited States30
21SkullyAR motorbike helmetsUnited States15
22RoomsToniteLast minute hotel BookingIndia15
23ShuddleProvider of mobile-enabled transportation service for familiesUnited States12
24Top10 GroupDeveloper of a hotel ranking platformUnited Kingdom12
25U TripDiscovery and travel planning platform to personalise trip planningUnited States5
26HomeshareOnline marketplace intended to help users find accommodationUnited States5
27TriplocPlatform to match tourists to local tour guidesChina5
28BridjProvider of private "public transport"United States5
29Leap TransitProvider of bus-tracking and transportation servicesUnited States4
30BlackJetProvider of an on-demand private jet seat booking platformUnited States3
31RadenManufacturer of smart luggageUnited States3

Definition
When looking at failed startups, we look at companies that fall into the following categories: no longer operating, went through bankruptcy or acquired via de facto fire sale.

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