The number of travel and mobility startups has grown 5% so far in 2021 compared with 2020, according to a report.
Lufthansa Innovation Hub’s Travel and Mobility Tech startup investment report registers 2,800 startups across six segments of ground transportation, aviation, hospitality, advanced technology, on trip assistance and search, inspire, book.
Insight from the study says the travel startup landscape continues to grow despite everything the pandemic has thrown at the travel industry.
Key take-aways from the report reveal that investment in travel startups in 2021 is expected to be back to about $44 billion, having experienced a 14% dip in 2020 to $23 billion.
Surprisingly aviation was the only segment of the six that managed to increase its share of funding in the pandemic.
According to the report aviation startups, which include air taxi, on-demand aviation and space tourism startups, attracted more than half of all travel startup…