A global growth market for finnish solutions in smart mobility, logistics and battery industries

Mobility changing fast, need for batteries growing rapidly

The size of the global mobility market is approximately EUR 6.500 billion annually (approximately EUR 30 billion in Finland). The industry is undergoing a significant reform as car and ride sharing, MaaS and the new division of the taxi market are renewing business models. The global need for batteries and battery systems will increase by more than tenfold by 2029. This is particularly due to the increased use of electric vehicles and renewable energy. The value of the European battery market has been forecasted to increase to EUR 250 billion by 2025.

Mitigating climate change, transitioning to low‑emission solutions and the need for smart solutions are reforming the global market of mobility and logistics. The aim is to achieve flexible, efficient and low-emission overall solutions for both people and goods. In terms of passenger transport, business models are renewed by, for example, car and ride sharing, MaaS and the new division of the taxi market. The strong growth of the battery industry is driven by electrification, which covers both traffic and the revolution of energy.

The Smart Mobility and Batteries from Finland program that will continue until the end of 2022 focuses on three operational entities: Smart Mobility Solutions, Smart Logistics, and Batteries and Electrification.

Services

The program services for the above-mentioned entities include innovation funding for ecosystems, internationalization services, networking services, Invest in Finland’s services and communicating research data from the field.

The internationalization services are particularly targeted for markets in Germany, France, the Nordic countries, Japan and the United States.

The program's estimated funding from Business Finland is approximately EUR 60 million. The aim of the program is to also support Finnish companies to connect with industrial networks in the EU with the help of EU funding.

Objectives and target groups

The Smart Mobility and Batteries from Finland program forms networks that assist integration into the European network and the global network. At the same time, we attract foreign investments to Finland. The goal is to increase the competence base and international competitiveness throughout the value chain.

The program is divided into the following entities

Smart Mobility Solutions:

• Smart Mobility: MaaS, connected cars, trucks – smart vehicles, digital solutions
• Traffic infrastructure, traffic data
• Smart City Mobility: experiments, testbeds, innovative public procurement
• Drones
• E-scooters, e-bikes and new mobility innovations for citizens
• Smart trams, e-buses

Learn more about Finnish smart mobility competence

Smart Logistics:

• Digital & autonomous smart ships, passenger vessels
• Smart ports
• Cargo handling
• Marine logistics, icebreakers
• Railway logistics
• Industrial logistics
• Smart working vehicles

Learn more about Finnish maritime competence

Batteries and Electrification:

• Battery raw materials
• Battery materials
• Batteries and cells
• Applications
• Reuse
• Recycling

The aim of the program's themes is to create and develop ecosystems, new business operations, exports and international solutions from Finnish companies:

1. Seamless, low-emission and resource-efficient delivery chains for people and goods
2. The sector is renewed by mobility services that utilize and share data.
3. Solutions that can achieve or go below the tightening emission limits as well as solutions that can reduce dependency on fossil fuels.
4. Building a European battery value chain, and having Finland be a significant part of this development.

The program is intended for companies, research organizations, municipalities and cities in the technology, service and manufacturing industries.

Interested? Join the program

The program is looking for international growth-oriented and capable companies, research organizations and test platform operators.

If your company is interested in the Smart Mobility and Batteries from Finland services, please contact Business Finland's Ilkka Homanen.