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
8Drive.aiDeveloper of an artificial intelligence based self-driving technologyUnited States77
9ChariotProvider of a crowdsourced transit serviceUnited States65
10ZujiOperator of an online travel platformSingapore56
11SidecarDeveloper of a ridehailing platformUnited States43
12FlightCarPeer-to-peer car rental serviceUnited States42
13StayZillaShort-term property rental serviceIndia40
14Alta MotorsManufacturer of lightweight electric vehiclesUnited States39
15KarhooRide comparison and hailing applicationUnited States39
16OktogoOnline hotel booking platformRussia38
17Zailushang (117go.com)Online holiday information portalChina37
18BluesmartManufacturer of smart luggageUnited States30
19SkullyAR motorbike helmetsUnited States15
20RoomsToniteLast minute hotel BookingIndia15
21ShuddleProvider of mobile-enabled transportation service for familiesUnited States12
22Top10 GroupDeveloper of a hotel ranking platformUnited Kingdom12
23U TripDiscovery and travel planning platform to personalise trip planningUnited States5
24HomeshareOnline marketplace intended to help users find accommodationUnited States5
25TriplocPlatform to match tourists to local tour guidesChina5
26BridjProvider of private "public transport"United States5
27Leap TransitProvider of bus-tracking and transportation servicesUnited States4
28BlackJetProvider of an on-demand private jet seat booking platformUnited States3
29RadenManufacturer of smart luggageUnited States3
30ArrivoDeveloper of the Hyperloop networkUnited Statesn/a
31Wow AirLow cost airline targeting budget travellersIcelandn/a
32Zunum AeroDeveloper of commercial hybrid-to-electric aircraftUnited Statesn/a
33FLIODeveloper of a mobile airport experience appGermanyn/a

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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