The European mobility startup ecosystem in 2025 transitioned from a period of volatile, "growth-at-all-costs" expansion into a phase of structural maturity and healthy normalization. While Venture Capital (VC) funding reached a post-2018 low of $4.8 billion (a 27% year-on-year decline), this figure masks a more complex reality: total private investment, when including alternative financing instruments like debt and private equity, remains resilient at ****$ 10.1 billion