US automotive industry saw a rise of 64.71% in overall deal activity during March 2022, when compared with the last 12-month average, led by General Motors‘ $2.1bn acquisition of GM Cruise, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

A total of 28 deals worth $2.2bn were announced in March 2022, compared with the 12-month average of 17 deals.

M&A was the leading category in the month in terms of volume with 12 deals, which accounted for 42.9% of all deals.

In second place was private equity with eight deals, followed by venture financing with eight transactions, respectively accounting for 28.6% and 28.6% of overall deal activity in the US technology industry during the month.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In terms of value of deals, M&A was the leading deal category in the US automotive industry with total deals worth $2.1bn, followed by venture financing deals totalled $66.58m.

US automotive industry deals in March 2022: Top deals

The top five automotive industry deals accounted for 99.4% of the overall value during March 2022.

The combined value of the top five automotive deals stood at $2.15bn, against the overall value of $2.17bn recorded for the month.

The top five automotive industry deals of March 2022 tracked by GlobalData were:

1) General Motors $2.1bn acquisition deal with GM Cruise

2) The $25m venture financing of Beep by LP.,ABS Capital Partners,Blue Lagoon Capital,Hidden Creek Management,Intel Capital and TDF Ventures (TDF Fund)

3) Capital Factory ,Champion Hill Ventures,Folsom Point Equity,Kindred Ventures,Lowercarbon Capital,OzoneX Ventures,Saltwater Capital and THRC Investments $17m venture financing deal with Linear Labs

4) The $6.5m venture financing of Ride1up by Ecosystem Integrity Fund

5) Lyndon Rive $5m venture financing deal with AutoSled