As Detroit rebounds from bankruptcy, the local community is once again looking to transportation technology for economic development. With the number of automotive corporations in the region, Detroit and its surrounding communities are well-suited to supporting transportation startups.
Autotech Ventures is excited to start working with Michigan corporations, startups, and universities to create a support ecosystem for transportation startups in the Detroit region. Bill Ford, the executive chairman and former CEO of Ford, took the stage at the TED Conference in 2011, and gave a speech that did not make waves at the time, but was surprisingly prescient in retrospect. As if he was channeling Uber’s Travis Kalanick, the great-grandson of Henry Ford discussed how the future of transportation is really about the beginning of the end of traditional car ownership.
“When you factor in population growth, it’s clear that the mobility model that we have today simply will not work tomorrow,” Ford said. “Frankly, four billion clean cars on the road are still four billion cars, and a traffic jam with no emissions is still a traffic jam.”