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
3QuintessProvider of exclusive hospitality servicesUnited States267
4AirwareProvider of commercial drone servicesUnited States267
5WimduPeer-to-peer property rental platformGermany90
6BluegogoOperator of a bike-sharing serviceChina90
7Drive.aiDeveloper of an artificial intelligence based self-driving technologyUnited States77
8ChariotProvider of a crowdsourced transit serviceUnited States65
9ZujiOperator of an online travel platformSingapore56
10SidecarDeveloper of a ridehailing platformUnited States43
11FlightCarPeer-to-peer car rental serviceUnited States42
12StayZillaShort-term property rental serviceIndia40
13Alta MotorsManufacturer of lightweight electric vehiclesUnited States39
14KarhooRide comparison and hailing applicationUnited States39
15OktogoOnline hotel booking platformRussia38
16Zailushang (117go.com)Online holiday information portalChina37
17BluesmartManufacturer of smart luggageUnited States30
18SkullyAR motorbike helmetsUnited States15
19RoomsToniteLast minute hotel BookingIndia15
20ShuddleProvider of mobile-enabled transportation service for familiesUnited States12
21Top10 GroupDeveloper of a hotel ranking platformUnited Kingdom12
22U TripDiscovery and travel planning platform to personalise trip planningUnited States5
23HomeshareOnline marketplace intended to help users find accommodationUnited States5
24TriplocPlatform to match tourists to local tour guidesChina5
25BridjProvider of private "public transport"United States5
26Leap TransitProvider of bus-tracking and transportation servicesUnited States4
27BlackJetProvider of an on-demand private jet seat booking platformUnited States3
28RadenManufacturer of smart luggageUnited States3
29ArrivoDeveloper of the Hyperloop networkUnited Statesn/a
30Wow AirLow cost airline targeting budget travellersIcelandn/a
31Zunum AeroDeveloper of commercial hybrid-to-electric aircraftUnited Statesn/a
32FLIODeveloper 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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