TRACXN FEED REPORT

ELECTRIC VEHICLES

OCTOBER 26, 2023

Contents
Overview
Funding
Investors
Acquisitions
IPOs
Companies
Unicorns
Business Models
News
Appendix

Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview Summary
Funding Market Map
Investors
Acquisitions
IPOs
Companies
Unicorns
Business Models
News
Appendix

Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Electric Vehicles - Summary (1/2)
Top Companies Key Stats

Lime BluSmart
(2017, United St.., $1.8B) (2019, India, $110M) 10,491 2,205 $91.9B
Bird Tesla Companies Funded Total Funding
(2017, United St.., $766M) (2003, United St.., $404M) Companies

ChargePoint Ather Energy

(2007, United St.., $530M) (2013, India, $445M)
$19.9B 361 136
TIER Dott
(2018, Germany, $660M) (2018, Netherlands, $212M) Funding in last 2 Acquisitions IPOs
years

Scope of Feed Top Geographies by Companies

Total Companies
What is included
Developers and manufacturers of electric vehicles (passenger and commercial vehicles United States 1996
including cars, trucks, buses, scooters, motorcycles, bicycles and personal transport
equipment, marine vehicles, aerial vehicles, rail solutions, and off-highway vehicles China 1298
which are used for construction, mining, farming, forklifts, et...
India 1177
What is not included
Traditional automakers such as Toyota, Renault-Nissan, General Motors, BMW, United Kingdom 922
Mitsubishi, Ford, etc. which also develop electric vehicles. Also, excludes
conglomerates like Panasonic, LG Chem, and Samsung which are leading battery Germany 586
manufacturers. Manufacturers and Ecommerce platforms selling Electric Mobility
Aids are als... Unfunded Companies Funded Companies

4 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Electric Vehicles - Summary (2/2)
# Companies by Stage Y-o-Y Funding $ Funding by Country
Total Funding: $91.9B
Founded -
United States (43.2%)
10491
China (30.2%)
Funded 2205 100%
India (5.6%)
Series A+ 670 30% France (4.4%)
Germany (4.0%)
Series B+ 353 16%
Sweden (3.2%)
Series C+ 184 8%
United Kingdom (2.9%)
Series D+ 95 4% Others (6.6%)
$ Funding # Rounds

Top Funding Rounds in last 2y Top Investors Top Exits

Company Round Details Stage Investor # Portfolio Type Company Acq. Price/IPO Mcap
Verkor Y Combinator 18 YinLong
(2020, France, $1.3B)
$913M-Series C Seed (2004, China)
$2.0B
LetsVenture 11
Stage
Voyah EIT InnoEnergy 9 Club Car
$637M-Series A Acq. (1958, United States)
$1.7B
(2020, China, $637M)
BP Ventures 8
Nuro Early Punch Powertrain
$600M-Series D EIT InnoEnergy 7 (1972, Belgium, $42.2M)
$1.1B
(2016, United States, $2.1B) Stage
Los Angeles Cleantec.. 7
Rimac Automobil.. Rivian
$536M-Series D (2009, United States, $10.5B)
$67.7B
(2009, Croatia, $885M) European Investment .. 4
Late
Tata Passenger .. Exor 4 IPO Rivian,rivian.com,531ac4bc
$496M-Series D Stage
(2019, India, $496M) Fidelity Investments 4 e4b0f7e166178a.. $58.3B
(2020, South Korea)

5 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Marketmap:
Marketmap -HR Tech Vehicles
Electric Sep 2020
ELECTRIC VEHICLE MANUFACTURERS COMPONENT MANUFACTURERS
Top Business Models in last 1y
CAR BATTERIES
Business Model Funding

COMMERCIAL VEHICLES ELECTRIC DRIVE SYSTEMS Electric Car Manufacturers $1.7B

EV Li-Ion Battery Manufacturer $1.3B

eVTOL MANUFACTURERS MOTORS

Electric Scooter Manufacturers $861M

TWO-WHEELERS TRANSMISSION SYSTEMS
Charging Station Management
$308M
Software
ELECTRIC BICYCLE VEHICLE AS A SERVICE
MANUFACTURERS MULTI CATEGORY VEHICLES Electric 4W Li-Ion Battery $300M

Electric Vehicle Charger

$248M
CHARGING SOLUTIONS BICYCLES Manufacturers

CHARGING NETWORK
eVTOL Manufacturers $184M
KICK SCOOTER
PLUG-IN CHARGING Electric Bicycle Manufacturers $167M
BATTERY MANAGEMENT SYSTEMS
Electric Rickshaw
WIRELESS CHARGING $146M
Manufacturers

Electric Motorcycle
$120M
Manufacturers

*Upcoming Business Model

6 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding Funding Funnel
Investors Y-o-Y Funding Trends
Acquisitions Funding by Geography
IPOs Y-o-Y Stage wise Funding
Companies Median Round Size by Stage
Unicorns New Entrants to Funded Club
Business Models Funding by Team Background - College wise
News Funding by Team Background - Company wise
Appendix List of Key Funding Rounds

Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Funding Funnel
# Companies Funding Funnel Moved from Avg. Years from first
Stage
% previous Stage % funding

Founded 10,491 - - -

Funded 2,205 100% 21% -

Series A+ 670 30% 30% 2.3

Series B+ 353 16% 53% 2.8

Series C+ 184 8% 52% 3.9

Series D+ 95 4% 52% 4.5

8 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Y-o-Y Funding Trends
Top Funding Rounds in last 2 years
Company Funding Round
Verkor
(2020, France)
$913M - Series C

Voyah
(2020, China)
$637M - Series A

Nuro
(2016, United States)
$600M - Series D

Rimac Automobili
(2009, Croatia)
$536M - Series D

Tata Passenger Elect..

(2019, India)
$496M - Series D

Wisk
(2019, United States)
$450M - Series D

Electrify America
(2016, United States)
$450M - Series C

Levdeo
(2008, China)
$447M - Series A

Lime
$ Funding (3y) CAGR = +7% (2017, United States)
$418M - Series D

AVATR
$ Funding (5y) CAGR = +2% (2018, China)
$410M - Series B

Note: Funding includes only Equity Funding. It excludes Debt, Grant, Post-IPO and ICO funding.

9 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Funding by Geography
Distribution by Country - Total Funding ($) Top Cities by Funding

# Rounds Top Funded Company Shanghai $11.5B

United States 3627 Rivian (10.5B)

Irvine $10.8B

China 1258 WM Motor (4.6B) Beijing $7.5B

India 339 Ola Electric (1.3B) Los Angeles $4.6B

San Francisco $4.1B

France 622 Verkor (1.3B)

Guangzhou $3.3B
Germany 104 IONITY (791M)

Bengaluru $2.8B
Sweden 191 Einride (652M)
Hangzhou $2.2B
United Kingdom 65 Volta Trucks (386M)
Menlo Park $2.1B

Netherlands 310 Dott (212M)

Stockholm $1.7B

Note: Funding includes only Equity Funding. It excludes Debt, Grant, Post-IPO and ICO funding.

10 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Y-o-Y Stage-wise Funding Trends
Stage-wise $ Invested Stage-wise Number of Rounds

$11.2B $9.8B $10.6B $18.7B $11.9B $5.8B 258 279 281 442 462 234

Seed Early Stage Late Stage Total Funding Seed Early Stage Late Stage Total Rounds

Note: Seed includes Seed, Angel rounds. Early Stage includes Series A,B rounds. Late Stage includes Series C+, PE, Pre-IPO rounds.

11 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Median Round Size by Stage
Stage Round size - Min, Median, Max (2018-2023) Y-o-Y Median Round Size (2018-2023)

Late Stage $63.5M

$37.5M $80.1M

Series B $22.5M
$19.0M $60.0M

Series A $9.4M
$6.0M $14.1M

Seed $994K
$582K $1.6M

2018 2019 2020 2021 2022 2023 YTD

Note: Seed includes Seed, Angel rounds. Early Stage includes Series A,B rounds. Late Stage includes Series C+, PE, Pre-IPO rounds.

12 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 New Entrants to Funded Club

Notable
Companies
Bird BluSmart Battery Smart Polestar Electrify America myenergi
(2017, United States, (2019, India, $110M) (2019, India, $74.0M) (1996, Sweden, (2016, United States, (2016, United
$766M) $550M) $450M) Kingdom, $36.8M)

13 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Funding by Team Background - College wise
Distribution by Team Background

Massachusetts Rivian Ola Electric SES

Institute of Tec.. $10.5B $1.3B $324M

University of WM Motor Lime Lucid

California (Berk.. $4.6B $1.8B $1.3B

Stanford University QuantumScape Joby Aviation Tesla

$1.0B $690M $404M

Carnegie Mellon Nuro Monarch Hyliion

University $2.1B $81.0M $46.1M

Harvard University BETA SES SUN Mobility

$886M $324M $50.0M

IIT Bombay Ola Electric PURE Turno

$1.3B $39.1M $16.9M

Kellogg School of Proterra Hydrogen Odyne Systems

Management $858M $85.5M $8.0M

ChargePoint Euler Motors Harbinger Motors

Cornell University
$530M $91.9M $84.7M

Total Funding

Note: Number in the bracket is the Total Funding raised by the Company

14 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Funding by Team Background - Company wise
Distribution by Team Background

Google Nuro ZeroAvia Hydrogen

$2.1B $206M $85.5M

McKinsey Ola Electric Fisker ZeroAvia

$1.3B $662M $206M

Facebook Lime Dott Scoot Networks

$1.8B $212M $47.0M

Microsoft Ola Electric Gogoro Ultraviolette

$1.3B $480M $63.7M

Apple Verkor One Alta Motors

$1.3B $390M $63.5M

Uber Bird Dott Beam

$766M $212M $135M

Cisco ChargePoint G2mobility Numocity

$530M $5.8M $1.0M

Wisk Vidyut VivaDrive

Flipkart
$450M $5.1M -

Total Funding

Note: Number in the bracket is the Total Funding raised by the Company

15 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Top Funding Rounds in last 24 months (1/2)
Company $ Amount Round Date Investors

Verkor (2020, France, $1.3B) $913M Series C Sep 2023 Macquarie Group, Bpifrance, EIT InnoEnergy, +6 more

Voyah (2020, China, $637M) $637M Series A Nov 2022 Industrial and Commercial Bank of China, Ganfeng L..

Nuro (2016, United States, $2.1B) $600M Series D Nov 2021 T. Rowe Price, Fidelity Investments, Baillie Gifford, +7 more

Rimac Automobil.. (2009, Croatia, $885M) $536M Series D May 2022 Goldman Sachs, SoftBank Vision Fund, Investindustrial, +1 more

Tata Passenger .. (2019, India, $496M) $496M Series D Mar 2022 The Rise Fund

Wisk (2019, United States, $450M) $450M Series D Jan 2022 Boeing

Electrify Ameri.. (2016, United States, $450M) $450M Series C Jun 2022 Siemens

Levdeo (2008, China, $447M) $447M Series A Nov 2022 Weicheng West Investment and Development Group

Lime (2017, United States, $1.8B) $418M Series D Nov 2021 Fidelity Investments, Highbridge, Uber, +1 more

AVATR (2018, China, $410M) $410M Series B Aug 2023 Bank of Communications, Chongqing Liangjiang Equit.., +1 more

GAC NE (2017, China, $403M) $403M Series D Mar 2022 China Chengtong, Guangzhou Financial Holdings Fund..

BETA (2012, United States, $886M) $375M Series B Apr 2022 Fidelity Investments, The Rise Fund

16 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Top Funding Rounds in last 24 months (2/2)
Company $ Amount Round Date Investors

Lime (2017, United States, $1.8B) $310M Series D Jul 2022 IVP, Google Ventures, Bain Capital Ventures, +2 more

One (2020, United States, $390M) $300M Series B Feb 2023 Temasek, Riverstone Holdings, BMW i Ventures, +9 more

Ola Electric (2017, India, $1.3B) $300M Series D May 2023 Temasek

DRIVECO (2010, France, $274M) $274M PE May 2023 APG

Volta Trucks (2019, Sweden, $386M) $260M Series C Feb 2022 Luxor Capital Group, Byggmastare Anders J Ahlstrom.., +1 more

Verkor (2020, France, $1.3B) $248M Series C Nov 2022 Societe Generale, Siemens, European Investment Bank

Zeplug (2014, France, $246M) $240M Series C Sep 2022 ICG

Ampere Vehicles.. (2008, India, $229M) $220M Series B Jun 2022 Abdul Latif Jameel

Greaves Electri.. (2008, India, $226M) $220M Series D Jun 2022 Abdul Latif Jameel

Einride (2016, Sweden, $652M) $200M Series C Dec 2022 Temasek, Northzone, EQT Ventures, +3 more

Ola Electric (2017, India, $1.3B) $200M Series C Jan 2022 Alpha Wave, Edelweiss, Alpine Investors, +6 more

Volocopter (2011, Germany, $725M) $182M Series E Nov 2022 Sumitomo, GLy Capital, NEOM

View all 265 funding rounds on Tracxn Platform

17 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Investors YoY Investor Trends
Acquisitions Most Active Investors: VC - Seed
IPOs Most Active Investors: VC - Early
Companies Most Active Investors: VC - Late
Unicorns Most Active Investors: PE
Business Models
News
Appendix

Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Y-o-Y Active Investors
Y-o-Y # of unique Institutional Investors in Electric Vehicles Top Institutional Investors in the last 2 years
Stage Investor name # Rounds in Last 2y1

LetsVenture 10

We Founder
Seed Stage 9
Circle

Y Combinator 7

BP Ventures 8

Early Stage Alteria Capital 5

ArcTern Ventures 5

Exor 4

Fidelity
Late Stage 3
Investments

Hero MotoCorp 3

First-time Investors Existing Investors

Note: First-time investors and Existing Investors are calculated from the available Equity Funding Rounds on Tracxn Platform. 1.The numbers in bracket correspond to the change from previous period.

19 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Most Active Investors: VC - Seed
# Overall # Investments in
# Investor Name Country Notable Investments in Feed*
investments Feed*
REGENT Craft ($93.9M), Grin Scooters ($72.7M), Heart
1 Y Combinator United States 4354 23
Aerospace ($47.2M)

2 Plug and Play Tech Center United States 1463 7 Einride ($652M), FreeWire ($228M), Super73 ($66.3M)

BluSmart ($110M), Charge Zone ($71.2M), Zypp Electric

3 Venture Catalysts India 308 7
($37.5M)

4 500 Global United States 2161 6 Volta ($90.8M), Neuron ($81.4M), Grin Scooters ($72.7M)

5 HTGF Germany 557 6 Wirelane ($37.7M), Fazua ($14.5M), Wiferion ($6.8M)

6 Blume India 241 6 Yulu ($105M), Euler Motors ($91.9M), Battery Smart ($74.0M)

7 Trucks Venture Capital United States 58 5 Joby Aviation ($690M), Hydrogen ($85.5M), Skip ($31.0M)

8 Bloomit Netherlands 9 5 WATT ($1.7M), Brekr ($1.7M), Welectric ($502K)

9 URBAN-X United States 87 4 ChargeLab ($30.0M), Circuit ($11.0M), Borrow ($100K)

BluSmart ($110M), Zypp Electric ($37.5M), Oben Electric

10 We Founder Circle India 88 4
($11.9M)

Note: *Feed = Electric Vehicles. The number in bracket refers to the total funding raised by the company.

20 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Most Active Investors: VC - Early Stage
# Overall # Investments in
# Investor Name Country Notable Investments in Feed*
investments Feed*
1 Zhen Fund China 632 7 Nuro ($2.1B), Beam ($135M), TOGO ($62.6M)

2 UVC Partners Germany 50 4 TWAICE ($75.0M), DeepDrive ($21.0M), ChargeX ($17.7M)

Arc Boats ($137M), Heart Aerospace ($47.2M), Linear Labs

3 Lowercarbon Capital United States 81 4
($30.0M)
REGENT Craft ($93.9M), Grin Scooters ($72.7M), Heart
4 Y Combinator United States 4354 3
Aerospace ($47.2M)

5 Alumni Ventures United States 1054 3 FreeWire ($228M), ZeroAvia ($206M), Beam ($135M)

6 HTGF Germany 557 3 Wirelane ($37.7M), Fazua ($14.5M), Wiferion ($6.8M)

7 Blume India 241 3 Yulu ($105M), Euler Motors ($91.9M), Battery Smart ($74.0M)

BluSmart ($110M), Zypp Electric ($37.5M), Oben Electric

8 We Founder Circle India 88 3
($11.9M)

9 Proeza Ventures Mexico 21 3 Xos ($20.0M), ONO ($10.2M), Ridepanda ($3.8M)

BluSmart ($110M), Charge Zone ($71.2M), Zypp Electric

10 Venture Catalysts India 308 2
($37.5M)

Note: *Feed = Electric Vehicles. The number in bracket refers to the total funding raised by the company. Early Stage refers to Series A and Series B rounds

21 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Most Active Investors: VC - Late Stage
# Overall # Investments in
# Investor Name Country Notable Investments in Feed*
investments Feed*
1 TriplePoint Capital United States 449 2 Lime ($1.8B), QuantumScape ($1.0B), Bird ($766M)

2 GSR Capital China 38 2 Fisker ($662M), NEVS ($500M), Protean ($174M)

3 Alumni Ventures United States 1054 1 FreeWire ($228M), ZeroAvia ($206M), Beam ($135M)

4 Blume India 241 1 Yulu ($105M), Euler Motors ($91.9M), Battery Smart ($74.0M)

5 FJ Labs United States 825 1 Lime ($1.8B), Archer ($1.1B), Dott ($212M)

REGENT Craft ($93.9M), Grin Scooters ($72.7M), Heart

6 Y Combinator United States 4354 0
Aerospace ($47.2M)

7 Plug and Play Tech Center United States 1463 0 Einride ($652M), FreeWire ($228M), Super73 ($66.3M)

8 Zhen Fund China 632 0 Nuro ($2.1B), Beam ($135M), TOGO ($62.6M)

BluSmart ($110M), Charge Zone ($71.2M), Zypp Electric

9 Venture Catalysts India 308 0
($37.5M)

10 Trucks Venture Capital United States 58 0 Joby Aviation ($690M), Hydrogen ($85.5M), Skip ($31.0M)

Note: *Feed = Blockchain Technology - China & Taiwan. The number in bracket refers to the total funding raised by the company. Late Stage refers to Series C & beyond rounds.

22 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Most Active Investors: PE
# Overall # Investments in
# Investor Name Country Notable Investments in Feed*
investments Feed*
EO Charging ($101M), InstaVolt ($62.6M), Mobility House
1 Zouk Capital United Kingdom 35 5
($50.0M)
Log9 Materials ($89.2M), Zypp Electric ($37.5M), Echargeup
2 Anicut Capital India 109 4
($9.6M)
Microvast ($430M), Telai New Energy ($194M), Xinte Auto
3 CDH China 298 4
($21.7M)

4 Moving Capital United States 50 3 Lime ($1.8B), Whisper Aero ($39.5M), Linear Labs ($30.0M)

Baring Private Equity Battery Smart ($74.0M), Lohum ($25.6M), Matter Energy
5 India 78 3
Partners ($15.9M)

6 China Merchants Capital China 135 3 Byton ($1.2B), AVATR ($410M), Avatr

Coda Automotive ($277M), Span.IO ($231M), Miles Electric

7 Angeleno Group United States 36 3
Vehicles ($97.1M)

8 Broadscale Group United States 10 3 Proterra ($858M), Revel ($159M), EV Realty ($28.0M)

9 Volta United States 20 3 One ($390M), Solid Power ($182M), Iontra ($93.2M)

10 MCJ Collective United States 66 2 Dance ($50.0M), Weave Grid ($50.0M), Lightship ($27.1M)

Note: *Feed = Electric Vehicles. The number in bracket refers to the total funding raised by the company.

23 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Investors
Acquisitions Acquisition Trends
IPOs List of Acquisitions
Companies Most Active Acquirers
Unicorns List of Acquihires
Business Models
News
Appendix

Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Quick Snapshot - Acquisitions
Key Stats Y-o-Y Acquisition Trends All-time Top Acquisitions
$277M $54.3M $276M $154M $84.5M Company Acq. Price
361 5.0 Yrs YinLong
$2.0B
(2004, Zhuhai)
# Total Avg. yrs from first
Acquisitions funding to Acq. Club Car
$1.7B
(1958, Augusta)

Punch Powertrain
$217M $1.1B
$71.5M (1972, Sint Truiden, $42.2M)

Avg. Funding Avg. Acq. Price NEVS

$930M
raised before Acq. (2012, Trollhattan, $500M)
# of Acquisitions Avg. Acquisition Price
Permobil
$784M
(1967, Timra)
Top Investors by # Acq. Exits Acquisitions Distribution by Acq. Price
Intercable Automot..
Investor # Acq. Notable Acq. $617M
(1972, San Giorgio)
Igloo Energy,
Gov.uk 4 Dunkermotoren
Vantage Powe.. $320M
(1950, Bonndorf)
AMPLY, Driivz, gridX,
Free Electrons 4
Duck.. has to be
$295M
Advanced Britishvolt, Morgan (2013, Radstadt)
3
Propulsion Cen.. Motor,..
Enviolo
Greenflux, Heliox, $245M
BOM 3 (2017, Zwolle)
Epyon
Emmy Sharing, Electric Last Mile..
EIT Climate-KIC 3 $240M
(2020, Auburn Hills)
ViriCiti, Pl..
# of Acquisitions

25 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to index

List of Acquisitions
Company Acquirer(s) Acq. Date Acq. Price
ABL Wallbox Oct 2023 $16M
(1923, Germany)

EVPassport Northleaf Oct 2023 $200M

(2020, United States)

Wiferion PULS Oct 2023 NA

(2016, Germany, $7M)

Eco Geek Landis+Gyr Oct 2023 NA

(2019, New Zealand)

Micropower Group Polaris Private Equity Sep 2023 NA

(1984, Sweden)

ez-Wheel IDEC Sep 2023 NA

(2009, France, $16M)

Spin Bird Sep 2023 $19M

(2016, United States, $8M)

Konetik Quartix Sep 2023 NA

(2014, Germany)

EV Mobility Autonomy Sep 2023 NA

(2013, United States)

Sigo Felix von Borck Sep 2023 NA

(2017, Germany)

26 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to index

List of Acquisitions
Company Acquirer(s) Acq. Date Acq. Price
BMM Energy Solutions Drax Sep 2023 NA
(2005, United Kingdom)

VanMoof lavoielectric.com Aug 2023 NA

(2009, Netherlands, $200M)

Tirex chargers Gulf Oil Aug 2023 $12M

(2017, India, $2M)

Heliox Siemens Aug 2023 NA

(2009, Netherlands)

Electric GT TREMEC Aug 2023 NA

(2014, United States)

Veemo ENVO Jul 2023 NA

(2014, Canada)

RILEY BRAND Quad M Solutions Jul 2023 NA

(2023, United States)

Local Motors RapidFlight Jul 2023 NA

(2007, United States, $250K)

Greentomatocars Addison Lee Jun 2023 NA

(2006, United Kingdom)

ALGOLiON General Motors Jun 2023 NA

(2014, Israel)

View all 361 companies on Tracxn Platform

27 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Most Active Acquirers
Average
# Acquirer Country # Acq. Companies Acquired
Acq. Price
1 Ideanomics United States 5 $65.0M Energica Motor Company, VIA Motors, Solectrac, US Hybrid ($65.0M) +1 more

2 ABB Switzerland 4 0 In-Charge, ChargeDot, Epyon, Epyon +0 more

3 Dana United States 4 $127M Nordersa, Nordresa, SME Group, TM4 ($127M) +0 more

4 Wallbox Spain 3 $15.8M ABL ($15.8M), COIL, Electromaps +-1 more

5 Bird United States 3 $19.0M Spin ($19.0M), Circ, Scoot Networks +-1 more

6 Helbiz United States 3 0 Wheels, Skip, MiMoto +-1 more

7 Blink Charging United States 3 $224M SemaConnect ($200M), Blue Corner ($24.3M), U-Go Stations +-1 more

8 ChargePoint United States 3 $383M has to be ($295M), ViriCiti ($87.9M), Kisensum +-1 more

9 Shell United Kingdom 3 0 Ubitricity, Greenlots, NewMotion +-1 more

Note: Numbers in bracket indicate the Acquisition Price of the company.

28 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to index

List of Acqui-hires
Company Acquirer Acq. Date Acq. Price
Blink Car Charging
Oct 2013 $3.3M
(2010, United States) Group

29 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Investors
Acquisitions
IPOs IPO Trends
Companies List of IPOs
Unicorns
Business Models
News
Appendix

Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Quick Snapshot - IPOs
Key Stats Y-o-Y IPO Trends All-time Top IPOs
$383M $5.2B $4.9B $15.3B $1.3B Company IPO MCap

136 5.4 Yrs Rivian

$67.7B
(2009, Irvine, $10.5B)
# Total IPOs Avg. yrs from first
funding to IPO LG Energy Solutions
$58.3B
(2020, Yeongdeungpo)

NIO
$4.2B $27.6B
$766M (2014, Shanghai, $1.1B)

Avg. Funding Avg. IPO Mcap Xiaopeng

$21.6B
raised before IPO (2014, Guangzhou, $2.6B)
# of IPOs Avg. IPO MCap
Beijing Che Lixing..
$19.2B
(2015, Beijing, $1.6B)
Top Investors by # IPO Exits IPOs Distribution by IPO Mcap
Leap Motor
Investor # IPOs Notable IPOs $5.7B
(2015, Hangzhou, $1.8B)
Tesla, Nikola Motor,
DOE 6 Lilium
Hyliio.. $4.8B
(2015, Wessling, $375M)
Small Business Nikola Motor,
6
Administrat.. Proterra, Far.. Tritium
$1.5B
Fidelity Bird, Rivian, (2001, Brisbane, $1.7M)
4
Investments QuantumScape,..
A123 Systems
Advantas Capital ChargePoint, Fisker, $1.3B
4 (2001, Hangzhou, $201M)
Ventures NIO, A..
ChargePoint, Tesla, Lvtong
Daimler 4 $1.3B
(2004, Dongguan)
Proterr..
# of IPOs

31 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to index

List of IPOs
Company Investors IPO Date IPO Mcap
QEV Tech European Investment Bank Oct 2023 -
(2017, Spain, $39M)

Lvtong Mar 2023 $1.3B

(2004, China)

Zapp Nov 2022 -

(2017, United Kingdom)

Leap Motor CICC, SDIC, hefei.gov.cn, +9 more Sep 2022 $5.7B

(2015, China, $1.8B)

Atlis Motor Vehicles endInSight Sep 2022 $51M

(2016, United States, $2M)

Aurrigo EIT Sep 2022 -

(2017, United Kingdom)

Phoenix Motorcars KPCB, ATIF Holdings Jun 2022 $147M

(2002, United States)

NIO CYVN Holdings, Tencent, +71 more May 2022 $27.6B

(2014, China, $7.3B)

Embention Axon Partners Group Apr 2022 $20M

(2007, Spain)

SES motie.go.kr, Hyundai Mo.., +15 more Feb 2022 -

(2012, United States, $324M)

32 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to index

List of IPOs
Company Investors IPO Date IPO Mcap
LG Energy Solutions Jan 2022 $58.3B
(2020, South Korea)

Chijet Jan 2022 -

(2022, China)

Libertine Northern Powerhouse I.., +7 more Dec 2021 $37M

(2009, United Kingdom, $2M)

Tuga Innovations Dec 2021 $32M

(2021, Canada)

Sono Motors Swedbank, DNCA Finance, +3 more Nov 2021 $140M

(2013, Germany, $120M)

Rivian The Climate Pledge, Ford, +31 more Nov 2021 $67.7B
(2009, United States, $10.8B)

Bird MacKinnon, Bennett & Co.., +63 more Nov 2021 -

(2017, United States, $766M)

Forsee Power European Investment B.., +3 more Nov 2021 $447M

(2011, France, $204M)

Jing-Jin Electric Technologies DFJ Dragon Fund China, +9 more Oct 2021 $284M
(2008, China)

Ebusco Oct 2021 $1.3B

(2010, Netherlands)

View all 136 companies on Tracxn Platform

33 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Investors
Acquisitions
IPOs Top Companies
Companies Early Stage Editor’s Pick
Unicorns Companies by Geography
Business Models Companies by Team Background - College wise
News Companies by Team Background - Company wise
Appendix Funded Deadpooled Companies

Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Top Companies
Company Tracxn Score Company Tracxn Score Company Tracxn Score
Lime 80.2 Zypp Electric 73.9 EV Connect 71.1
(2017, United St.., $1.8B) (2017, India, $37.5M) (2009, United St.., $49.9M)

Bird 79.0 Yulu 73.8 Beam 70.6

(2017, United St.., $766M) (2017, India, $105M) (2018, Singapore, $135M)

ChargePoint 78.7 Nuro 73.4 Nikola Motor 70.5

(2007, United St.., $530M) (2016, United St.., $2.1B) (2015, United St.., $760M)

TIER 78.4 Log9 Materials 73.1 Cooltra 70.3

(2018, Germany, $660M) (2015, India, $89.2M) (2006, Spain, $6.2M)

BluSmart 78.1 KPIT 72.8 Rimac Automobili 70.2

(2019, India, $110M) (1990, India) (2009, Croatia, $885M)

Tesla 77.5 Xiaopeng 71.7 Joby Aviation 70.0

(2003, United St.., $404M) (2014, China, $2.6B) (2009, United St.., $690M)

Ather Energy 77.0 Ultraviolette 71.4 Polestar 69.9

(2013, India, $445M) (2016, India, $63.7M) (1996, Sweden, $550M)

Dott 76.7 Wallbox 71.4 Cygni Energy 69.9

(2018, Netherlands, $212M) (2015, Spain, $70.2M) (2014, India, $28.6M)

Voi 75.3 Neuron 71.3 Magenta 69.8

(2018, Sweden, $519M) (2016, Singapore, $81.4M) (2017, India, $56.2M)

Rivian 75.0 Ampere Vehicles 71.1 Fisker 69.8

(2009, United St.., $10.5B) (2008, India, $229M) (2016, United St.., $662M)

View all 10,491 companies on Tracxn Platform

Note: Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.

35 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Early Stage Editor’s Pick
Company Tracxn Score Company Tracxn Score Company Tracxn Score
ZEUS 63.4 ePlane 52.9 Ohm Mobility 48.7
(2019, Germany, $4.7M) (2019, India, $6.5M) (2020, India, $367K)

AmpUp 61.5 3evi 52.8 Tetra Aviation 48.3

(2018, United St.., $150K) (2019, India, $5.7M) (2018, Japan, $5.0M)

Kazam 59.9 EVeez 52.6 Revonte 48.0

(2020, India, $5.5M) (2020, India, $989K) (2018, Finland, $2.0M)

Fuuse 59.3 Selex 51.6 FTEX 47.9

(2020, United Ki.., $5.4M) (2018, Vietnam, $5.1M) (2019, Canada, $2.2M)

Fenix 57.8 Pure Electric 51.2 Baaz 47.3

(2020, United St.., $5.0M) (2018, United Ki..) (2019, India, $2.8M)

ChargeNet Holdings 57.2 Revamp Moto 50.8 BinBin 46.8

(2020, United St.., $6.2M) (2020, India, $1.2M) (2019, Turkey)

Hop Electric Mobil.. 56.6 BNC 50.2 BP Chargemaster 46.5

(2019, India, $2.6M) (2020, India, $8.7M) (2018, United Ki..)

Navier 56.1 Blive 49.7 GreenCell Mobility 46.3

(2020, United St.., $7.2M) (2018, India, $1.9M) (2019, India)

ezBike 53.7 Go X 49.6 Hala 46.0

(2020, Pakistan, $1.0M) (2018, United St.., $350K) (2019, India, $1.0M)

Motovolt 52.9 Hopp 49.1 Massive Mobility 44.9

(2020, India, $1.9M) (2019, Iceland, $7.5M) (2019, India, $2.3M)

View all 250 companies on Tracxn Platform

Note: Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.

36 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Companies by Geography
Distribution by Country - Companies founded Top Cities by Companies founded

Total Companies London 255

United States 1996
Shenzhen 219
China 1298
Bengaluru 170

India 1177
Delhi 144

United Kingdom 922

Los Angeles 98

Germany 586
Paris 90

Canada 348 Wuxi 88

France 322 Berlin 83

Netherlands 317 Pune 82

Shanghai 81
Unfunded Companies Funded Companies

37 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Companies by Team Background - College wise
Distribution by Team Background

Stanford University QuantumScape Joby Aviation Tesla

$1.0B $690M $404M

University of WM Motor Lime Lucid

California (Berk.. $4.6B $1.8B $1.3B

Massachusetts Rivian Ola Electric SES

Institute of Tec.. $10.5B $1.3B $324M

Harvard University BETA SES SUN Mobility

$886M $324M $50.0M

IIT Bombay Ola Electric PURE Turno

$1.3B $39.1M $16.9M

IIT Kharagpur Oben Electric Vidyut Auro Robotics

$11.9M $5.1M $2.0M

Harvard Business Scoot Networks Hive Lohum

School $47.0M $30.0M $25.6M

22Motors SUN Mobility Oye Rickshaw

IIT Delhi
$66.6M $50.0M $17.1M

Unfunded Companies Funded Companies

Note: Number in the bracket is the Total Funding raised by the Company

38 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Companies by Team Background - Company wise
Distribution by Team Background

Microsoft Ola Electric Gogoro Ultraviolette

$1.3B $480M $63.7M

McKinsey Ola Electric Fisker ZeroAvia

$1.3B $662M $206M

Google Nuro ZeroAvia Hydrogen

$2.1B $206M $85.5M

Uber Bird Dott Beam

$766M $212M $135M

Amazon Ultraviolette Circ Electriphi

$63.7M $62.6M $3.5M

Boston Consulting Alta Motors ev.energy Weave Grid

Group $63.5M $63.0M $50.0M

Intel Damon IRP Systems Ionblox

$65.5M $57.0M $56.0M

ChargePoint G2mobility Numocity

Cisco
$530M $5.8M $1.0M

Unfunded Companies Funded Companies

Note: Number in the bracket is the Total Funding raised by the Company

39 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Funded Deadpooled Companies
Company $ Funding Company $ Funding Company $ Funding
Singulato $1.2B KLD Energy $28.1M Green4U $8.3M
(2014, China) (2007, United States) (2016, United States)

LeSEE $1.1B Envia Systems $27.3M Judian $7.7M

(2015, China) (2007, United States) (2014, China)

Bordrin $362M Zap $25.0M ZENN Motor Company $6.5M

(2015, China) (1994, United States) (2000, Canada)

Coda Automotive $277M Bright Automotive $22.0M Evercar $5.0M

(2009, United States) (2008, United States) (2013, United States)

ICONIQ Motors $183M Xinte Auto $21.7M Rapid Electric Vehicles $5.0M
(2016, China) (2017, China) (2008, Canada)

Time and Space Electric $159M TwoWheelsCar $20.0M efw-suhl $4.0M

(2013, China) (2014, China) (2010, Germany)

Smith Electric $125M Zhidou Electric Vehicle $15.1M Bagechuxing $3.7M

(2009, United States) (2006, China) (2015, China)

Yellow $72.0M Mission Motors $14.1M GoGreenRide $2.5M

(2018, Brazil) (2007, United States) (2012, United States)

DesignLine $67.3M Inboard Technology $11.7M Pand Auto $2.4M

(1985, United States) (2014, United States) (2015, China)

Puwu Shop $30.0M Clean Wave Tech $9.8M Cadia Yachts $2.1M
(2015, China) (2008, United States) (2013, Bulgaria)

View all 147 Funded Deadpooled companies on Tracxn Platform

40 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Investors
Acquisitions
IPOs Unicorn Trends
Companies List of Unicorns
Unicorns Investors in Unicorns by Stage of Entry
Business Models Top Unicorn Investors by Stage of Entry
News Soonicorn Club - List of Soonicorns
Appendix Soonicorn Club - List of Minicorns

Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Unicorn Trends
Electric ..
24 2.5 $347M 3.9 8.6
# Total Unicorns Avg Years from Series A Avg $ Funding before Avg # Funding Rounds Avg Institutional Investors
to Unicorn Round Unicorn Round before Unicorn Round before Unicorn Round

Global
1233 4.3 $180M 4.4 8
# Total Unicorns Avg Years from Series A Avg $ Funding before Avg # Funding Rounds Avg Institutional Investors
to Unicorn Round Unicorn Round before Unicorn Round before Unicorn Round

Top Seed Stage Investors Top Early Stage Investors Top Late Stage Investors Top Countries
Vostok New Ventures GGV Capital Daimler China (9)

B. Riley Financial Tencent Fidelity Investments United States (7)

e42 Intel Capital Coatue Germany (2)

Plum Ventures Sequoia Capital Temasek Sweden (2)

Sequoia Capital Shunwei Capital SoftBank Vision Fund France (1)

+ 1 more + 211 more + 295 more + 8 more

Note: Investors refers to Institutional Investors only. Top Investors are calculated based on investments before the Unicorn Round.

42 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 List of Unicorns (1/3)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
Verkor
Developer of lithium ion batteries for EVs Sep 2023 - $431M 3 13
(2020, Grenoble, $1.3B)

AVATR
Manufacturer of electric cars Aug 2023 1.3 - 3 8
(2018, Chongqing, $410M)

One Provider of energy management systems for

Feb 2023 1.3 $90M 2 6
(2020, Novi, $390M) electric vehicles

Voyah
Developer of electric cars Nov 2022 - - 0 0
(2020, Wuhan, $637M)

Electrify America
Provider of electric vehicle charging solutions Jun 2022 - - 0 0
(2016, Reston, $450M)

Rimac Automobili Developer of electric vehicles and drivetrain

May 2022 7.6 $383M 9 6
(2009, Sveta Nedelja, $885M) components

Volocopter
Manufacturer electric copters for urban mobility Mar 2022 4.6 $373M 7 21
(2011, Bruchsal, $725M)

Einride Developer of autonomous self-driving delivery

Jan 2022 2.6 $160M 4 11
(2016, Stockholm, $652M) vehicles and freight mobility platform

1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round

43 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 List of Unicorns (2/3)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
StoreDot Developer of nano and organic
Jan 2022 8.5 $146M 6 9
(2012, Herzliya, $226M) compound-based batteries for e-vehicles

Voi App-based platform offering electric

Dec 2021 3.1 $458M 11 15
(2018, Stockholm, $519M) kick-scooter rental services

Ample Developer of automatic battery swapping

Nov 2021 3.3 $226M 3 9
(2014, San Francisco, $280M) solutions for electric vehicles

TIER App-based rental platform for electric

Oct 2021 3.0 $443M 9 17
(2018, Berlin, $660M) kick-scooters

XPENG AEROHT
Provider of smart electric aircraft Oct 2021 - - 0 0
(2013, Tianhe, $500M)

BETA
Developer of electric VTOL aircraft May 2021 - $511M 2 3
(2012, South Burlington, $886M)

Telai New Energy

Operator of an EV charging network Mar 2020 - - 0 0
(2014, Qingdao, $194M)

Ola Electric
Developer of electric scooters Jul 2019 0.3 $59M 2 5
(2017, Bengaluru, $1.3B)

1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round

44 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 List of Unicorns (3/3)
Unicorn Time from Series
Company Short Description $ Funding2 # Rounds2 # Investors2
Event Date A (yrs)1
ENOVATE
Manufacturer of electric cars Apr 2019 - - 0 0
(2015, Shanghai, $1.7B)

Nuro Provider of AI-enabled autonomous delivery

Feb 2019 1.0 $92M 1 3
(2016, Menlo Park, $2.1B) vehicles for deliveries

Lime App-based rental platform providing self-drive

Jul 2018 1.3 $220M 4 12
(2017, San Francisco, $1.8B) electric kick-scooter

Byton
Developer of electric SUV cars Jun 2018 0.8 $200M 1 1
(2016, San Francisco, $1.2B)

Aiways
Manufacturer of AI-powered electric cars Apr 2018 - $1.8B 1 0
(2017, Shanghai, $2.1B)

Youxia Motors
Manufacturers of electric cars Mar 2018 0.5 $185M 1 2
(2014, Shanghai, $1.3B)

WM Motor
Developer of AI-enabled electric cars Aug 2016 - - 0 0
(2015, Shanghai, $4.6B)

Segway-Ninebot
Manufacturer of multi-category electric vehicles Jan 2016 0.7 $140M 2 5
(2012, Beijing, $240M)

1 - Time taken from First funding to the Unicorn Event Date. 2 - Before Unicorn Round

45 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to List

Verkor
Developer of lithium ion batteries for EVs
NA
Twitter Followers
NA
Mobile Downloads

2020 France $1.3B - NA NA 69

Founded Country Funding Annual Revenue Employee Count App Rating News Mentions

Founding Team Top Competitors

Benoit Lemaignan Philippe Chain
Co-Founder & CEO Co-Founder
Apm, ex-Carbone 4. ISAE-SUPAERO MSc Owner ZEnobe, ex-Faraday Future, AUDI Cygni Energy Lohum QuantumScape
2002 AG, Ricardo Strategic Consulting.. (2014, Hyderabad, $29M) (2018, Noida, $26M) (2010, San Jose, $1.0B)

Gilles Moreau Olivier Dufour

Co-Founder Co-Founder
Lancey Energy Storage, Time for the Founder & CEO O2D-DEVELOPMENT, StoreDot Microvast Contemporary A...
Planet, ex-CEA, 3M. Grenoble INP -.. Harrison Assessments Int'l, ex-World Ma.. (2012, Herzliya, $226M) (2006, Stafford, $430M) (2011, Ningde)

View all 6 Founders View all 247 Competitors

Funding Rounds Key News

Sep 2023 $913M Series C Macquarie Group, Meri.. +9 more • Sep 2023 - Verkor: French Gigafactory startup raises 2 billion euros 3 years
after launch Trending Topics
Sep 2023 $644M Conven.. European Investment Bank
• Sep 2023 - French gigafactory firm Verkor and Nidec in 10GWh BESS
Nov 2022 $248M Series C Societe Generale, Sie.. +1 more partnership Energy Storage News
Jul 2022 $61M Series B • Sep 2023 - Strategic Partners To Expand Solutions In Stationary Energy
Jun 2021 $122M Series B Renault, EQT Ventures +8 more Storage renewableenergymagazine.com
• Apr 2023 - Renault enter partnership with Verkor Evertiq

View all Key News

46 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to List

AVATR
Manufacturer of electric cars
NA
Twitter Followers
NA
Mobile Downloads

2018 China $410M - NA NA 11

Founded Country Funding Annual Revenue Employee Count App Rating News Mentions

Founding Team Top Competitors

Mahendra S
Founder & CEO
Ex - Appster Tesla Xiaopeng Rimac Automobi...
(2003, Austin, $404M) (2014, Guangzhou, $2.6B) (2009, Sveta Nedelja, $885M)

Polestar Fisker NIO

(1996, Gothenburg, $550M) (2016, Los Angeles, $662M) (2014, Shanghai, $1.1B)

View all 838 Competitors

Funding Rounds Key News

Aug 2023 $410M Series B Bank of Communications +5 more • Oct 2023 - Avatr To Expand Global Reach With Two More Models And EU
Production Carscoop
Aug 2022 Undis.. Series A +7 more
• Sep 2023 - China Brand Avatr Unveils Electric Sedan Avatr 12 electrive.com
Apr 2022 Undis.. Series A +3 more
• Sep 2023 - Chinese EV maker Avatr raises $411m in Series B round Nihon Keizai
Mar 2022 Undis.. Seed Shimbun

• Dec 2022 - Huawei-Backed EV Firm Avatr and CATL Deepen Strategic

Cooperation Pandaily

View all Key News

47 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to List

One
Provider of energy management systems for electric vehicles
12
Twitter Followers
NA
Mobile Downloads

2020 United States $390M - 34 NA 126

Founded Country Funding Annual Revenue Employee Count App Rating News Mentions

Founding Team Top Competitors

Mujeeb Ijaz
Founder & CEO
Ex-Apple, A123 Systems, Ford Motor Cygni Energy 24m Technologi... Lohum
Company. Virginia Tech BSc 1990 (2014, Hyderabad, $29M) (2010, Cambridge, $135M) (2018, Noida, $26M)

QuantumScape Northvolt StoreDot

(2010, San Jose, $1.0B) (2016, Stockholm, $9.0B) (2012, Herzliya, $226M)

View all 992 Competitors

Funding Rounds Key News

Sep 2023 Undis.. Series B Oman Investment Authority • Jun 2023 - Our Next Energy (ONE) and Nano One Sign Joint Development
Agreement (JDA) to Strengthen North American Supply Chain f..Mining Stock
Feb 2023 $300M Series B Fifth Wall +11 more Education
Mar 2022 $65M Series A BMW i Ventures, Coatue +4 more • May 2023 - Our Next Energy to spend $5,000,000.00 to expand into new
space in Fremont California intelligence360.news
Oct 2021 $25M Series A Breakthrough Energy +4 more
• Feb 2023 - Michigan lithium battery maker to produce ESS for utility-scale
applications Solar Power World Online
• Feb 2023 - Michigan-based Our Next Energy announces LFP utility-scale
battery v magazine View all Key News

48 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to List

Voyah
Developer of electric cars
NA
Twitter Followers
NA
Mobile Downloads

2020 China $637M - NA NA 12

Founded Country Funding Annual Revenue Employee Count App Rating News Mentions

Funding Rounds Top Competitors

Jun 2023 $2.1B Conven.. +6 more

Nov 2022 $637M Series A Bank of China +3 more

Tesla Xiaopeng Rimac Automobi...
(2003, Austin, $404M) (2014, Guangzhou, $2.6B) (2009, Sveta Nedelja, $885M)

Polestar Fisker NIO

(1996, Gothenburg, $550M) (2016, Los Angeles, $662M) (2014, Shanghai, $1.1B)

View all 838 Competitors

Key News
• Oct 2023 - 2024 new Lantu Dreamer launched, priced from 339,900 yuan
36Kr

• Jul 2023 - Lantu Automobile headquarters will be located in Junshan New

City, Wuhan Donews
• Jun 2023 - Lantu Automobile delivered 3,003 vehicles in May, a year-on-year
increase of 231% Donews
• Jan 2023 - Chinese luxury electric car brand Voyah makes debut in Israel
SHINE

View all Key News

49 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to List

Electrify America
Provider of electric vehicle charging solutions
16.1K
Twitter Followers
NA
Mobile Downloads

2016 United States $450M - NA NA 494

Founded Country Funding Annual Revenue Employee Count App Rating News Mentions

Founding Team Top Competitors

Giovanni Palazzo
CEO
Electrify Canada, ex-Volkswage, ChargePoint EVgo Volta
Mercedes-Benz Italia, Daimler. Univers.. (2007, Campbell, $530M) (2010, Los Angeles) (2010, San Francisco, $91M)

Blink Charging ChargeNet Hold... Loop

(2006, San Jose) (2020, Los Angeles, $6M) (2019, $40M)

View all 134 Competitors

Funding Rounds Key News

Jun 2022 $450M Series C Siemens, Volkswagen Group • Oct 2023 - Electrify America opens 350-kw EV fast charger at Grand Canyon
Green Car Reports

• Sep 2023 - Honda Strikes up a Partnership to Expand Charging Network in

the US gizmochina.com
• Aug 2023 - Electrify America announce the commercial operation of
Californian PV project energyglobal.com
• Aug 2023 - Electrify America-backed 75MW solar farm kicks off operations
TechCrunch+

View all Key News

50 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to List

Rimac Automobili
Developer of electric vehicles and drivetrain components
29.9K
Twitter Followers
NA
Mobile Downloads

2009 Croatia $885M - NA NA 312

Founded Country Funding Annual Revenue Employee Count App Rating News Mentions

Founding Team Top Competitors

Mate Rimac
Founder & CEO
- Tesla Xiaopeng Polestar
(2003, Austin, $404M) (2014, Guangzhou, $2.6B) (1996, Gothenburg, $550M)

Fisker NIO Segway-Ninebot

(2016, Los Angeles, $662M) (2014, Shanghai, $1.1B) (2012, Beijing, $240M)

View all 838 Competitors

Funding Rounds Key News

May 2022 $536M Series D Goldman Sachs +3 more • Oct 2023 - Luxury EV maker Rimac officially launches ‘advanced’ BESS
solution with integrated PCS Energy Storage News
Apr 2022 $129M Series D Investindustrial
• Oct 2023 - Rimac and IONITY Join Forces to Deliver the Ultimate Electric
Mar 2021 $83M Series C Porsche Ventures Mobility Experience Electric Cars Report
Sep 2019 Undis.. Series C Porsche Ventures • Oct 2023 - Rimac Nevera Now Comes With Free Charging For 8 Years In
May 2019 $90M Series C Hyundai Motor Company, Kia Europe Carandbike

Dec 2018 $34M Conven.. European Investment Bank • Oct 2023 - Rimac Launches SineStack Battery for the Stationary Energy
Market energyportal.eu
View all 10 Funding Rounds View all Key News

51 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to List

Volocopter
Manufacturer electric copters for urban mobility
13.5K
Twitter Followers
NA
Mobile Downloads

2011 Germany $725M $722K 500 NA 426

Founded Country Funding Annual Revenue Employee Count App Rating News Mentions

Founding Team Top Competitors

Florian Reuter Alexander Zosel
CEO Co-Founder
Ex-Siemens Novel Businesses, Sesmos, - ideaForge Joby Aviation Ehang
Siemens Technology Accelerator, C.. (2007, Mumbai, $47M) (2009, Santa Cruz, $690M) (2014, Guangzhou, $52M)

Stephan Wolf Dirk Hoke

Co-Founder CEO
- Ex- Airbus Group , Siemens. Technical Archer Elroy Air BETA
University of Braunschweig 1994 (2018, Palo Alto, $1.1B) (2016, San Francisco, $61M) (2012, South Burlington,
$886M)
View all 279 Competitors

Funding Rounds Key News

Nov 2022 $182M Series E NEOM, GLy Capital, Sumitomo • Sep 2023 - Bristow and Volocopter partner to bring UAM services to U.S.
and U.K. AviTrader
Mar 2022 $170M Series E WP Investment, Honey.. +3 more
• Jun 2023 - Volocopter to launch electric air taxis in time for Paris 2024
Mar 2021 $241M Series D BlackRock, Avala Cap.. +13 more Olympics Business Traveller
Feb 2020 $40M Series C Schenker Ventures +4 more • Jun 2023 - Volocopter, Groupe ADP announce commercial eVTOL routes in
Sep 2019 $55M Series C Geely Holding Group, Micron Paris Vertical and Vertical Valor are part of MHM Publishing Inc

Dec 2017 Undis.. Series A Helvetia • Jun 2023 - ADAC Luftrettung to use Volocopter’s eVTOL aircraft for
emergency medical services Vertical and Vertical Valor are part of MHM Publishing Inc
View all 9 Funding Rounds View all Key News

52 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to List

Einride
Developer of autonomous self-driving delivery vehicles and freight mobility...
3.0K
Twitter Followers
NA
Mobile Downloads

2016 Sweden $652M $6.7M NA NA 218

Founded Country Funding Annual Revenue Employee Count App Rating News Mentions

Founding Team Top Competitors

Robert Falck
Founder & CEO
Co-Founder Vnu, The Great Wild, ex-Volvo Nuro Starship TuSimple
Trucks, Keyflow, Volvo Trucks.. (2016, Menlo Park, $2.1B) (2014, San Francisco, $202M) (2015, San Diego, $648M)

Kodiak Robotics Embark PlusAI

(2018, Palo Alto, $165M) (2016, San Francisco, $115M) (2016, San Francisco, $720M)

View all 46 Competitors

Funding Rounds Key News

Aug 2023 Undis.. Series C Carlsberg Sverige • Jun 2023 - Volvo's former CTO Henrik Green joins the team at Einride Tech.eu
Dec 2022 $200M Series C AMF, EQT Ventures +4 more • Jun 2023 - Einride expands to Norway electrive.net

Dec 2022 $300M Conven.. Barclays • Jun 2023 - Einride is to deliver 2,000 electric trucks to the United Arab
Emirates electrive.net
May 2021 $110M Series B Temasek, Northzone, Ma.. +7 more
• May 2023 - Einride partners with UAE to deploy a massive freight grid filled
Oct 2020 $10M Series A Norrsken VC, EQT Vent.. +2 more with electric, autonomous trucks Electrek
Oct 2019 $25M Series A EQT Ventures, Ericsson +4 more

View all 7 Funding Rounds View all Key News

53 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to List

StoreDot
Developer of nano and organic compound-based batteries for e-vehicles
2.9K
Twitter Followers
NA
Mobile Downloads

2012 Israel $226M - NA NA 253

Founded Country Funding Annual Revenue Employee Count App Rating News Mentions

Founding Team Top Competitors

Simon Litsyn Doron Myersdorf
Co-Founder & Chief Strat.. Founder & CEO
Co-Founder ARShow, ASOCS, Tsofun, Ex-Sandisk , CEO InnerPresence Networks, Log9 Materials A123 Systems Exponent Energy
ex-Sandisk, M-Systems. Saint Peters.. Co-Founder Siftology . Techni.. (2015, Bengaluru, $89M) (2001, Hangzhou, $201M) (2020, Bengaluru, $21M)

Gil Rosenman
Co-Founder
Ural State Technical University 1970 Amprius Techno... Enevate QD Solar
(2009, Fremont, $55M) (2006, Irvine, $191M) (2014, Toronto, $8M)

View all 58 Competitors

Funding Rounds Key News

May 2022 Undis.. Series D Polestar • Oct 2023 - Store-Dot announced a collaboration with a Tier 1 company in
the production of automotive components, in the applicat..Chiportal
Apr 2022 Undis.. Series D Volvo Cars
• Sep 2023 - StoreDot partners with Volvo Cars to develop cells for next
Mar 2022 Undis.. Series D Ola Electric generation EVs Electric Cars Report
Jan 2022 $80M Series D VinFast, BP Ventures • Sep 2023 - StoreDot and Volvo are pairing up to develop bespoke ultrafast
Sep 2021 Undis.. Series D +2 more EV batteries Electrek

May 2018 $20M Series C BP Ventures • Sep 2023 - Storedot Signs Strategic Collaboration With Volvo Cars To
Develop Cells For Next Generation Evs PR Newswire
View all 10 Funding Rounds View all Key News

54 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to List

Voi
App-based platform offering electric kick-scooter rental services
6.2K
Twitter Followers
3.0M
Mobile Downloads

2018 Sweden $519M $124M NA NA 29

Founded Country Funding Annual Revenue Employee Count App Rating News Mentions

Founding Team Top Competitors

Adam Jafer Filip Lindvall
Co-Founder Co-Founder
Nothing, Breathe Battery Technologies, Ex-SMS group, Baltic Spot. KTH Royal Bird Dott Neuron
Synq, Lun. KTH Royal Institute .. Institute of Technology 2021 (2017, Miami, $766M) (2018, Amsterdam, $212M) (2016, Singapore, $81M)

Fredrik Hjelm Douglas Stark

Co-Founder & CEO Co-Founder
Founder Guestit, Epic Foundation, SSE Ex-CEO SSE Business Lab, Budbee, ZEUS Reby Circ
Business Lab. Uppsala University.. Arkwright. Stockholm School of Econom.. (2019, Munich, $5M) (2018, Barcelona, $18M) (2018, Berlin, $63M)

View all 78 Competitors

Funding Rounds Key News

Dec 2021 $115M Series D Raine, VNV Global +8 more • Oct 2023 - Upgraded Voi e-scooters arrive in Oxford Cision
Aug 2021 $45M Series C Raine, VNV Global • Aug 2023 - Northampton clocks up 3 million rides on Voi e-scooters Cision

Dec 2020 $160M Series C Raine, VNV Global +6 more • Aug 2023 - Leading rental e-scooter provider, Voi, launches today in
Cheltenham and Gloucester Cision
Dec 2020 $53M Conven.. Raine, VNV Global +4 more
• Jul 2023 - Solent Transport partners with Voi and Beryl for enhanced
Nov 2020 Undis.. Grant .. Nordic Startup Awards micro-mobility experience Intelligent Transport
Jul 2020 $30M Series C VNV Global

View all 12 Funding Rounds View all Key News

55 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Investors in Unicorns by Stage of Entry (1/3)
Company Seed Stage Early Stage Late Stage

Verkor group.renault.com, eqtventures.com,

societegenerale.com, siemens.com, eib.org
(2020, Grenoble, $1.3B) gouvernement.fr, innoen.., +6 more

AVATR ngd-fund.com, chinamerchantsjintai.vdtrxn,

(2018, Chongqing, $410M) ccgt.com.cn, +5 more

One bmwiventures.com, coatue.com,

baruch.vc, detroit.vc
(2020, Novi, $390M) breakthroughenergy.org, assem.., +2 more

Voyah
(2020, Wuhan, $637M)

Electrify America
(2016, Reston, $450M)

Rimac Automobili porsche.ventures, chinacamel.com,

hofcapital.com investindustrial.com, hyundai.com, kia.com
(2009, Sveta Nedelja, $885M) chinadynamics.com, sdvhol..

Volocopter intel.in, westtechventures.com, 10x.group, helvetia.com, intelcapital.com, b2venture.vc, blackrock.com, avalacapital.com,

(2011, Bruchsal, $725M) levitatecap.com, +4 more daimler.com continental.com, tokyocent.., +13 more

Einride baltcap.com, starbrightinvest.com, temasek.com.sg, northzone.com, maersk.com,

(2016, Stockholm, $652M) ki-capital.de, targetacc.., +1 more buildcapitalpart.., +10 more

StoreDot rhodium.co.il, altair.vc, np.capital, singulariteam.com, nation-e.com, cig.vc, korea.yozma.asia,

(2012, Herzliya, $226M) orbitacapital.com, +2 more mercedes-benz.com, tdk.com, +9 more bp.com/en/global/bp-ventures, +4 more

Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.

56 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Investors in Unicorns by Stage of Entry (2/3)
Company Seed Stage Early Stage Late Stage

Voi vostoknewventures.com, trueventures.com, vnv.global, balderton.com, creandum.com,

nordicninja.vc, stenasessan.se, 75andsunny.vc
(2018, Stockholm, $519M) scrum.vc, 31atlant.., +1 more project-a.com, jme.vc, +9 more

Ample start-capital.com, worldquantventures.com, shell.com/energy-and-innovation/innovating-to pttplc.com, eneos.co.jp, shell.com,

(2014, San Francisco, $280M) xyz.vc, prefixca.., +1 more gether/s.., +8 more smrtventures.sg

TIER speedinvest.com, 10x.group, unlockvp.com, novator.co.uk, rtp.vc, mubadala.com, visionfund.com, group.softbank,

(2018, Berlin, $660M) velocitypartners..., +2 more goodwatercap.com, whites.., +8 more londontechnologyclub.com

XPENG AEROHT
(2013, Tianhe, $500M)

BETA ptkcapital.com, hulalakeside.com, fidelity.com, redbirdcap.com,

privatesharesfund.com
(2012, South Burlington, $886M) pegasustechventures.com, +1 more theclimatepledge.com, chaifet.., +1 more

Telai New Energy

tjvcm.com
(2014, Qingdao, $194M)

Ola Electric rntassociates.com, tigerglobal.com,

vssinvestco.vdtrxn, archermancap.com visionfund.com
(2017, Bengaluru, $1.3B) matrixpartners.in, +3 more

ENOVATE
(2015, Shanghai, $1.7B)

Nuro greylock.com, banyancapitalpartners.com,

zhenfund.com, thegp.com, sweatequity.vc
(2016, Menlo Park, $2.1B) gaorongvc.com, +2 more

Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.

57 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Investors in Unicorns by Stage of Entry (3/3)
Company Seed Stage Early Stage Late Stage

Lime triplepointcapital.com, garage.co.jp, dcm.com, coatue.com, ggvc.com, meritechcapital.com, nextplaycapital.com,

(2017, San Francisco, $1.8B) movingcapital.com, +18 more amecloudventures.com, startx.c.., +28 more sp100fund.com, +2 more

Byton
fullshare.com.cn
(2016, San Francisco, $1.2B)

Aiways
ccichina.com
(2017, Shanghai, $2.1B)

Youxia Motors
xinhuasilu.com, nextfund.com
(2014, Shanghai, $1.3B)

WM Motor
7seasvc.com, ausviccapital.com tntpower.com, gfinvestment.com
(2015, Shanghai, $4.6B)

Segway-Ninebot intelcapital.com, mi.com, shunwei.com,

(2012, Beijing, $240M) westsummitcap.com, +2 more

Note: “Investors” includes only those Institutional Investors who have invested before the Unicorn Round.

58 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Top Unicorn Investors by Stage of Entry
# Unicorn
Investor Seed Stage Early Stage Late Stage Others*
Portfolio
Fidelity
6 - BETA Bird, Lime, Nuro, Rivian QuantumScape
Investments

Tesla, StoreDot, Proterra,

Daimler 6 - Volocopter, BAIC New Energy -
ChargePoint

Temasek 5 - Einride, NIO, One Ola Electric, Gogoro -

Tencent 4 - Lilium, NIO, WM Motor - Tesla

Sequoia Capital 4 Leap Motor WM Motor, Segway-Ninebot Xiaopeng -

Baillie Gifford 4 - - Lilium, Nuro, Tesla NIO

Coatue 4 - Lime, One Xiaopeng, Rivian -

Small Business Byton, Nikola Motor, Proterra,

4 - - -
Administration Faraday Future

Volocopter, Segway-Ninebot, Joby

Intel Capital 3 - - -
Aviation

Note: “Investors” includes only Institutional Investors who have invested before the Unicorn Round. Others*: Includes investors who have invested in Non Equity rounds or Undisclosed Rounds

59 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Soonicorn Club - List of Soonicorns
Company Tracxn Score Company Tracxn Score Company Tracxn Score
BluSmart 78.1 FreeWire 68.7 Aptera Motors 65.6
(2019, India, $110M) (2014, United St.., $228M) (2005, United St.., $50.1M)

Ather Energy 77.0 ev.energy 68.5 Hydrogen 64.9

(2013, India, $445M) (2018, United Ki.., $63.0M) (2020, United St.., $85.5M)

Dott 76.7 Damon 68.5 Superpedestrian 64.9

(2018, Netherlands, $212M) (2017, Canada, $65.5M) (2012, United St.., $283M)

Zypp Electric 73.9 Revel 68.2 Span.IO 64.9

(2017, India, $37.5M) (2018, United St.., $159M) (2014, United St.., $231M)

Yulu 73.8 Lohum 67.5 ZeroAvia 64.7

(2017, India, $105M) (2018, India, $25.6M) (2017, United St.., $206M)

Log9 Materials 73.1 Hero Electric 67.2 Rad Power Bikes 64.2
(2015, India, $89.2M) (2007, India, $72.2M) (2007, United St.., $329M)

Ultraviolette 71.4 Monarch 66.7 Elroy Air 64.1

(2016, India, $63.7M) (2018, United St.., $81.0M) (2016, United St.., $60.6M)

Neuron 71.3 Battery Smart 66.5 WiTricity 64.0

(2016, Singapore, $81.4M) (2019, India, $74.0M) (2007, United St.., $146M)

Beam 70.6 SUN Mobility 66.4 Euler Motors 63.9

(2018, Singapore, $135M) (2017, India, $50.0M) (2018, India, $91.9M)

Magenta 69.8 Cowboy 66.1 Altigreen 63.7

(2017, India, $56.2M) (2017, Belgium, $138M) (2013, India, $48.8M)

View all 115 companies on Tracxn Platform

Note: A Soonicorn is a company which is likely to achieve US $1 billion valuation in the short to medium term. Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.

60 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Soonicorn Club - List of Minicorns
Company Tracxn Score Company Tracxn Score Company Tracxn Score
Cooltra 70.3 EMotorad 61.3 ElectraEV 58.5
(2006, Spain, $6.2M) (2020, India, $5.9M) (2017, India, $25.0M)

Cygni Energy 69.9 Tonik Energy 61.0 Orange EV 58.3

(2014, India, $28.6M) (2016, United Ki.., $22.4M) (2012, United St.., $35.1M)

SWTCH 66.2 H55 60.9 Lightship 58.2

(2018, Canada, $10.8M) (2015, Switzerland, $72.6M) (2020, United St.., $27.1M)

Statiq 65.5 Exponent Energy 60.6 Harbinger Motors 58.2

(2019, India, $27.5M) (2020, India, $20.6M) (2021, United St.., $84.7M)

BOLT 64.5 Virta 60.6 Arc Boats 58.2

(2017, India, $24.6M) (2013, Finland, $108M) (2021, United St.., $137M)

Ideanomics 63.5 ChargeLab 60.2 Bounce 57.9

(2002, United St.., $32.2M) (2019, Canada, $30.0M) (2014, India, $199M)

Whisper Aero 62.2 UFODrive 59.3 WeMo Scooter 57.6

(2020, United St.., $39.5M) (2018, Luxembourg, $21.6M) (2016, Taiwan, $18.4M)

EO Charging 62.1 VeoRide 59.2 MARTI 57.4

(2014, United Ki.., $101M) (2017, United St.., $16.0M) (2018, Turkey, $27.0M)

PURE 61.9 Qmerit 59.2 Swing Mobility 56.8

(2015, India, $39.1M) (2015, United St.., $20.8M) (2020, South Korea, $25.0M)

Circuit 61.6 Smartcar 59.1 ElectricPe 56.4

(2019, United St.., $11.0M) (2015, United St.., $36.0M) (2021, India, $8.3M)

View all 216 companies on Tracxn Platform

Note: A Minicorn is a company which is likely to achieve US $1 billion valuation in the medium to long term. Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.

61 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Investors
Acquisitions
IPOs
Companies
Unicorns
Business Models Marketmap
News Top Funded Business Models
Appendix Taxonomy

Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Marketmap: HR
Marketmap Tech Vehicles
- Electric Sep 2020
ELECTRIC VEHICLE MANUFACTURERS COMPONENT MANUFACTURERS Factsheet
CAR BATTERIES Overview
Companies 10491
Funded 2205 Series A+ 670
COMMERCIAL VEHICLES Funding $91.9 Last 2 yrs $19.9
ELECTRIC DRIVE SYSTEMS B B
Most Active Investors
VC - Seed Plug and Play .. (7)
eVTOL MANUFACTURERS MOTORS VC - Early UVC Partners (4)
VC - Late GSR Capital (2)
PE
TWO-WHEELERS TRANSMISSION SYSTEMS Y Combinator (114)
Incubators
Exits
IPOs 136 QEV Tech, Lvton..
ELECTRIC BICYCLE VEHICLE AS A SERVICE
Acquisitions 361 ABL, EVPassport
MANUFACTURERS MULTI CATEGORY VEHICLES Top Acquirers ideanomics.com,..

Feed in Numbers
Unicorns 24 Soonicorns 30
CHARGING SOLUTIONS BICYCLES
Minicorns 222 Editor Picks 1097
CHARGING NETWORK Acquihired 1 Deadpooled 1911

KICK SCOOTER Top Companies

Lime (2017, United St.., $1.8B)
PLUG-IN CHARGING
Bird (2017, United St.., $766M)
BATTERY MANAGEMENT SYSTEMS ChargePoint (2007, United St.., $530M)

WIRELESS CHARGING Top Cities

Shanghai 81 Cos $11.5B
Irvine 23 Cos $10.8B

63 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Top Funded Business Models - last 1 year
Rank Business Model $ Funding # Rounds Top Funding Round Details
Voyah (2020, China)
1 <> 0 Electric Car Manufacturers $1.7B 12
$637M - Series A
Link

Verkor (2020, France)

2 ▲4 EV Li-Ion Battery Manufacturer $1.3B 11
$913M - Series C
Link

Ola Electric (2017, India)

3 ▲1 Electric Scooter Manufacturers $861M 22
$300M - Series D
Link

Virta (2013, Finland)

4 ▲9 Charging Station Management Software $308M 19
$71.9M - Series D
Link

One (2020, United States)

5 ▲18 Electric 4W Li-Ion Battery $300M 2
$300M - Series B
Link

Span.IO (2014, United States)

6 ▲5 Electric Vehicle Charger Manufacturers $248M 24
$96.5M - Series B
Link

Volocopter (2011, Germany)

7 ▼5 eVTOL Manufacturers $184M 3
$182M - Series E
Link

TENWAYS (2021, Netherlands)

8 ▲1 Electric Bicycle Manufacturers $167M 21
$43.9M - Series A
Link

TI Clean Mobil.. (2022, India)

9 ▲32 Electric Rickshaw Manufacturers $146M 2
$145M - Series D
Link

MAKA (2022, Indonesia)

10 <> 0 Electric Motorcycle Manufacturers $120M 14
$37.6M - Seed
Link

* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

64 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to index

$1.7B (▼8.8%)
01 Electric Car Manufacturers $ Invested in last 1 year

Tesla Xiaopeng Rimac Automobili 12 (▼36.8%)

(2003, United States, $404M) (2014, China, $2.6B) (2009, Croatia, $885M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Voyah (2020, China) Electric Vehicles (Lime)

348 95 $637M - Series A - Nov 2022 (# Cos: 10491 | $92.0B)

Companies Funded Companies Levdeo (2008, China) Automaker (Ather Energy)

$447M - Series A - Nov 2022 (# Cos: 4813 | $65.7B)
AVATR (2018, China)
Cars (Tesla)
$34.6B 19 $410M - Series B - Aug 2023
(# Cos: 348 | $34.6B)
Total $ Invested Soonicorn Club smartusa (1998, United States)
$150M - Series A - Sep 2023
Mahindra Electric Aut.. (2023, India)
$14.5M - Series B - Aug 2023
16 8 Lightyear (2016, Netherlands)
IPOs Acquisitions
$8.6M - Series B - Feb 2023
Kate (2022, France)
$7.6M - Seed - Apr 2023
View all 12 Funding Rounds on Tracxn Platform

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

65 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to index

$1.3B (▲269%)
02 EV Battery Manufacturers $ Invested in last 1 year

Log9 Materials Cygni Energy Lohum 13 (▼55.2%)

(2015, India, $89.2M) (2014, India, $28.6M) (2018, India, $25.6M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Verkor (2020, France) Electric Vehicles (Lime)

157 60 $913M - Series C - Sep 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies $248M - Series C - Nov 2022

Components (KPIT)
Iontra (2015, United States) (# Cos: 791 | $9.4B)
$46.9M - Series B - May 2023
Batteries (Cygni Energy)
$5.5B 13 Log9 Materials (2015, India)
$40.0M - Series B - Jan 2023
(# Cos: 285 | $7.3B)
Total $ Invested Soonicorn Club
Ionblox (2017, United States) Multi Category Vehicles (Log9
$32.0M - Series B - Feb 2023 Materials)
(# Cos: 157 | $5.5B)
Evolectric (2019, United States)
14 12 $15.0M - Series B - Sep 2023
IPOs Acquisitions
Zhongke Motong (2019, China)
$14.1M - Series B - Nov 2022
View all 13 Funding Rounds on Tracxn Platform

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

66 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to index

$861M (▲8.3%)
03 Electric Scooter Manufacturers $ Invested in last 1 year

Ather Energy Ampere Vehicles Ola Electric 22 (▼31.3%)

(2013, India, $445M) (2008, India, $229M) (2017, India, $1.3B) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Ola Electric (2017, India) Electric Vehicles (Lime)

450 92 $140M - Series D - Sep 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies $300M - Series D - May 2023

Automaker (Tesla)
One Moto (2018, United Arab Emirates) (# Cos: 4813 | $65.7B)
$150M - Series D - Jan 2023
Two Wheelers (Ultraviolette)
$3.4B 19 Ather Energy (2013, India)
$109M - Series F - Sep 2023
(# Cos: 1023 | $4.5B)
Total $ Invested Soonicorn Club
ALVA (2021, Indonesia) Scooters (Ather Energy)
$50.0M - Series B - Aug 2023 (# Cos: 450 | $3.4B)

Ray Electric Motors (2019, Spain)

5 12 $21.0M - Series A - Dec 2022
IPOs Acquisitions
Simple Energy (2019, India)
$20.0M - Series A - Feb 2023
View all 22 Funding Rounds on Tracxn Platform

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

67 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to index

$356M (▼23.2%)
04 Electric Vehicle Charger Manufacturers $ Invested in last 1 year

Wallbox FreeWire myenergi 24 (▼20%)

(2015, Spain, $70.2M) (2014, United States, $228M) (2016, United Kingdom, $36.8M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Span.IO (2014, United States) Electric Vehicles (Lime)

753 195 $96.5M - Series B - Mar 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies EO Charging (2014, United Kingdom) Charging Solutions (ChargePoint)
$80.0M - Series B - Feb 2023 (# Cos: 2026 | $8.2B)
dcbel (2015, Canada)
Plug in Charging (Wallbox)
$1.8B 22 $50.0M - Series B - Aug 2023
(# Cos: 753 | $1.8B)
Total $ Invested Soonicorn Club Mobility House (2009, Germany)
$50.0M - Series C - Nov 2022
myenergi (2016, United Kingdom)
$36.8M - Series C - Oct 2023
8 59 SparkCharge (2014, United States)
IPOs Acquisitions
$29.0M - Series B - Dec 2022
Indra (2011, United Kingdom)
$23.9M - Series B - Mar 2023
View all 24 Funding Rounds on Tracxn Platform

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

68 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to index

$308M (▲79.3%)
05 Charging Station Management Software $ Invested in last 1 year

EV Connect ev.energy SWTCH 19 (▼29.6%)

(2009, United States, $49.9M) (2018, United Kingdom, $63.0M) (2018, Canada, $10.8M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Virta (2013, Finland) Electric Vehicles (Lime)

262 86 $71.9M - Series D - Apr 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies Weev (2022, United Kingdom) Charging Solutions (Wallbox)
$61.8M - Series C - May 2023 (# Cos: 2026 | $8.2B)

Xeal (2019, United States) Station Network (Magenta)

$699M 16 $40.0M - Series B - Nov 2022 (# Cos: 925 | $5.3B)

Total $ Invested Soonicorn Club Weave Grid (2018, United States) Charging (ChargePoint)
$35.0M - Series B - Nov 2022 (# Cos: 875 | $5.0B)
ev.energy (2018, United Kingdom) Station Management IT (EV Connect)
$33.0M - Series B - Jul 2023 (# Cos: 262 | $699M)
- 14 $17.2M - Series A - Apr 2023
IPOs Acquisitions
AMPECO (2018, Bulgaria)
$13.0M - Series A - Jan 2023
View all 19 Funding Rounds on Tracxn Platform

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

69 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to index

$300M (▲362%)
06 Electric 4W Li-Ion Battery $ Invested in last 1 year

Microvast A123 Systems One 2 ( <> 0% )

(2006, United States, $430M) (2001, China, $201M) (2020, United States, $390M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

One (2020, United States) Electric Vehicles (Lime)

60 16 Undisclosed - Series B - Sep 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies $300M - Series B - Feb 2023 Components (KPIT)

(# Cos: 791 | $9.4B)

Batteries (Log9 Materials)

$1.7B 2 (# Cos: 285 | $7.3B)

Total $ Invested Soonicorn Club Four Wheelers (One)

(# Cos: 92 | $1.7B)

Diversified (A123 Systems)

(# Cos: 75 | $1.7B)
7 6
IPOs Acquisitions Lithium-Ion (Microvast)
(# Cos: 60 | $1.7B)

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

70 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$184M (▼82.8%)
07 eVTOL Manufacturers $ Invested in last 1 year

Joby Aviation Volocopter Ehang 3 (▼50%)

(2009, United States, $690M) (2011, Germany, $725M) (2014, China, $52.0M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Volocopter (2011, Germany) Electric Vehicles (Lime)

71 48 $182M - Series E - Nov 2022 (# Cos: 10491 | $92.0B)

Companies Funded Companies HopFlyt (2016, United States) Automaker (Tesla)

$1.5M - Seed - Nov 2022 (# Cos: 4813 | $65.7B)
Dufour Aerospace (2017, Switzerland)
Aerial (Volocopter)
$5.2B 7 Undisclosed - Series B - Jan 2023
(# Cos: 195 | $5.6B)
Total $ Invested Soonicorn Club
Vertical Take-Off And Landing
(Joby Aviation)
(# Cos: 71 | $5.2B)

6 4
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

71 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$167M (▼51.1%)
08 Electric Bicycle Manufacturers $ Invested in last 1 year

Cowboy Rad Power Bikes EMotorad 21 (▼19.2%)

(2017, Belgium, $138M) (2007, United States, $329M) (2020, India, $5.9M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

TENWAYS (2021, Netherlands) Electric Vehicles (Lime)

1175 130 $43.9M - Series A - Jan 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies WAU (2018, United Kingdom) Automaker (Tesla)

$40.9M - Seed - Feb 2023 (# Cos: 4813 | $65.7B)
Super73 (2011, United States)
Light Electric Vehicles (Rad Power Bikes)
$1.2B 13 $37.5M - Series C - Nov 2022
(# Cos: 1746 | $1.5B)
Total $ Invested Soonicorn Club Angell (2022, France)
$21.3M - Series B - Sep 2023 Bicycles (Cowboy)
(# Cos: 1175 | $1.2B)
Cowboy (2017, Belgium)
$1.7M - Series C - Apr 2023
- 25 $10.5M - Series C - Mar 2023
IPOs Acquisitions
Velotric (2021, United States)
$7.4M - Series A - Feb 2023
View all 21 Funding Rounds on Tracxn Platform

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

72 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$146M (▲1780%)
09 Electric Rickshaw Manufacturers $ Invested in last 1 year

TI Clean Mobility 3evi GMW 2 (▼33.3%)

(2022, India, $145M) (2019, India, $5.7M) (2010, India, $50.0M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

TI Clean Mobility (2022, India) Electric Vehicles (Lime)

181 16 $145M - Series D - Feb 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies HELIXX (2022, United Kingdom) Automaker (Tesla)

$1.3M - Seed - Jun 2023 (# Cos: 4813 | $65.7B)

Commercial Vehicles (Nikola Motor)

$215M 3 (# Cos: 636 | $7.0B)

Total $ Invested Soonicorn Club Light Commercial Vehicles (Nuro)

(# Cos: 419 | $2.6B)

Multi Category (3evi)

(# Cos: 184 | $216M)
1 3
IPOs Acquisitions Rickshaws (TI Clean Mobility)
(# Cos: 181 | $215M)

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

73 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$120M (▼56.1%)
10 Electric Motorcycle Manufacturers $ Invested in last 1 year

Ultraviolette Damon Zero Motorcycles 14 (▼33.3%)

(2016, India, $63.7M) (2017, Canada, $65.5M) (2006, United States, $454M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

MAKA (2022, Indonesia) Electric Vehicles (Lime)

242 77 $37.6M - Seed - Jul 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies Ultraviolette (2016, India) Automaker (Tesla)

$24.0M - Series D - Nov 2022 (# Cos: 4813 | $65.7B)
ION Mobility (2019, Singapore)
Two Wheelers (Ather Energy)
$919M 12 $18.7M - Series A - Feb 2023
(# Cos: 1023 | $4.5B)
Total $ Invested Soonicorn Club Neo (2023, United Arab Emirates)
$10.0M - Seed - Oct 2023 Motorcycles (Ultraviolette)
(# Cos: 242 | $919M)
Dat Bike (2018, Vietnam)
$8.0M - Series B - Nov 2022
2 2 Scorpio Electric (2017, Singapore)
IPOs Acquisitions
$6.8M - Series B - Jan 2023
Verge Motorcycles (2018, Estonia)
$5.3M - Series A - Feb 2023
View all 14 Funding Rounds on Tracxn Platform

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

74 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$98.9M (▼15%)
11 Electric Ship Manufacturers $ Invested in last 1 year

Arc Boats X Shore Open Ocean Robotics 2 (▼80%)

(2021, United States, $137M) (1997, Sweden, $104M) (2017, Canada, $4.0M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Arc Boats (2021, United States) Electric Vehicles (Lime)

90 30 $70.0M - Series B - Sep 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies X Shore (1997, Sweden) Automaker (Tesla)

$28.9M - Series B - Apr 2023 (# Cos: 4813 | $65.7B)

Marine (X Shore)
$539M 5 (# Cos: 113 | $594M)
Total $ Invested Soonicorn Club
Ships (Arc Boats)
(# Cos: 90 | $539M)

1 1
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

75 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$89.6M (▼73.2%)
12 Electric Truck Manufacturers $ Invested in last 1 year

Nikola Motor Einride Tevva 5 (▼44.4%)

(2015, United States, $760M) (2016, Sweden, $652M) (2013, United Kingdom, $143M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Einride (2016, Sweden) Electric Vehicles (Lime)

51 23 Undisclosed - Series C - Aug 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies $200M - Series C - Dec 2022

Automaker (Tesla)
DeepWay (2002, China) (# Cos: 4813 | $65.7B)
$112M - Series A - Mar 2023
Commercial Vehicles (Nuro)
$2.4B 9 Volta Trucks (2019, Sweden)
$62.3M - Series C - Nov 2022
(# Cos: 636 | $7.0B)
Total $ Invested Soonicorn Club
Truck Rental Logistic.. (2014, China) Trucks (Nikola Motor)
$27.2M - Series D - Sep 2023 (# Cos: 51 | $2.4B)

4 3
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

76 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$84.7M ( -- )
13 Electric Dumper Manufacturers $ Invested in last 1 year

Breton Ecovolve VPL 1 ( -- )

(2016, China, $123M) (2010, Ireland) (1996, Pakistan) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Breton (2016, China) Electric Vehicles (Lime)

3 1 $84.7M - Series C - Jan 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies

Automaker (Tesla)
(# Cos: 4813 | $65.7B)

Off Highway Vehicles (Rivian)

$123M 1 (# Cos: 123 | $10.8B)
Total $ Invested Soonicorn Club
High Tip Dumpers (Breton)
(# Cos: 3 | $123M)

- -
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

77 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$56.0M (▲124%)
14 Autonomous Electric Shuttles $ Invested in last 1 year

Beep Glydways Auro Robotics 1 ( <> 0% )

(2019, United States, $45.0M) (2016, United States, $96.3M) (2013, United States, $2.0M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Glydways (2016, United States) Electric Vehicles (Lime)

20 9 $56.0M - Series B - Aug 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies Automaker (Tesla)

(# Cos: 4813 | $65.7B)

Commercial Vehicles (Nuro)

$271M 3 (# Cos: 636 | $7.0B)

Total $ Invested Soonicorn Club Shuttles (Glydways)

(# Cos: 32 | $271M)

Autonomous (Beep)
(# Cos: 20 | $271M)
2 3
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

78 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$53.3M (▲59.9%)
15 eCar Ride Hailing Platforms $ Invested in last 1 year

BluSmart Lithium Urban Technolo.. Hype 3 (▼25%)

(2019, India, $110M) (2013, India, $28.1M) (2015, France, $113M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

BluSmart (2019, India) Electric Vehicles (Bird)

44 14 $37.0M - Series A - May 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies Undisclosed - Series A - Dec 2022

Vehicle as a Service (Lime)
Hype (2015, France) (# Cos: 1304 | $7.7B)
$16.3M - Series C - Jan 2023
Cars (Autonomy)
$265M 3 (# Cos: 293 | $1.1B)
Total $ Invested Soonicorn Club
Ride Hailing (BluSmart)
(# Cos: 44 | $265M)

- 3
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

79 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$53.0M ( -- )
16 Electric Rickshaw Ride Hailing $ Invested in last 1 year

Oye Rickshaw SmartE Mauto 3 ( -- )

(2017, India, $17.1M) (2015, India, $21.7M) (2019, India, $50.0M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Mauto (2019, India) Electric Vehicles (Bird)

34 16 $50.0M - Series C - Nov 2022 (# Cos: 10491 | $92.0B)

Companies Funded Companies Pointo (2019, India) Vehicle as a Service (Lime)

$3.0M - Seed - Mar 2023 (# Cos: 1304 | $7.7B)
Bzzt (2014, Sweden)
Three Wheelers (Oye Rickshaw)
$92.3M 3 Undisclosed - Seed - Aug 2023
(# Cos: 34 | $92.3M)
Total $ Invested Soonicorn Club

- -
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

80 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$35.2M (▼28.8%)
17 Electric Vehicle Battery Swapping $ Invested in last 1 year

Battery Smart SUN Mobility Sheru 2 (▼77.8%)

(2019, India, $74.0M) (2017, India, $50.0M) (2019, India, $1.1M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Battery Smart (2019, India) Electric Vehicles (Lime)

23 14 $33.0M - Series A - Jul 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies Swobbee (2016, Germany) Charging Solutions (Wallbox)

$2.2M - Series A - Apr 2023 (# Cos: 2026 | $8.2B)

Station Network (ChargePoint)

$146M 5 (# Cos: 925 | $5.3B)

Total $ Invested Soonicorn Club Battery Swapping (SUN Mobility)

(# Cos: 50 | $297M)

Multi Category Vehicles (Battery Smart)

(# Cos: 23 | $146M)
- -
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

81 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$33.9M (▼68%)
18 Electric Vehicle Management $ Invested in last 1 year

TWAICE Ion Energy Labs Electra Vehicles 7 (▼65%)

(2018, Germany, $75.0M) (2016, India, $6.2M) (2015, United States, $24.6M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Electra Vehic.. (2015, United States) Electric Vehicles (Lime)

175 76 $21.0M - Series A - Feb 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies Standard Fleet (2021, United States) Vehicle Management (Ion Energy Labs)
$7.0M - Seed - Jun 2023 (# Cos: 213 | $433M)
volytica (2019, Germany)
B2B (TWAICE)
$390M 13 $5.9M - Series A - Sep 2023
(# Cos: 175 | $390M)
Total $ Invested Soonicorn Club ElectroTempo (2021, United States)
$3.5M - Series A - Aug 2023
Volteum (2020, Hungary)
$1.3M - Seed - Nov 2022
2 12 ZEVO India (2022, India)
IPOs Acquisitions
Undisclosed - Seed - Aug 2023
Wuhan Xiaoan Technology (2015, China)
Undisclosed - Series C - Mar 2023

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

82 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$28.6M (▲44.1%)
19 Electric Powertrain System $ Invested in last 1 year

KPIT Vitesco Technologies ElectraEV 5 (▲66.7%)

(1990, India) (2018, Germany) (2017, India, $25.0M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

ElectraEV (2017, India) Electric Vehicles (Lime)

33 16 $25.0M - Series B - Oct 2022 (# Cos: 10491 | $92.0B)

Companies Funded Companies Scalvy (2022, United States) Components (Log9 Materials)
$3.0M - Seed - Jul 2023 (# Cos: 791 | $9.4B)
Undisclosed - Seed - Jan 2023
Powertrain Systems (Hyliion)
$119M 4 Attron Automotive (2021, India)
$575K - Seed - Jun 2023
(# Cos: 266 | $1.3B)
Total $ Invested Soonicorn Club
Cuizhan Microelectron.. (2018, China) Multi Category (KPIT)
Undisclosed - Series A - Jan 2023 (# Cos: 33 | $119M)

4 1
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

83 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$28.3M (▼85.5%)
20 Station-Based eKick Scooter Rentals $ Invested in last 1 year

Neuron Superpedestrian Fenix 2 (▼60%)

(2016, Singapore, $81.4M) (2012, United States, $283M) (2020, United States, $5.0M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Luup (2018, Japan) Electric Vehicles (ChargePoint)

166 21 $28.3M - Series C - Apr 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies Fenix (2020, United States) Vehicle as a Service (Lime)
Undisclosed - Seed - Nov 2022 (# Cos: 1304 | $7.7B)

Kick Scooters (Bird)

$558M 3 (# Cos: 380 | $2.6B)
Total $ Invested Soonicorn Club
Station Based (Neuron)
(# Cos: 166 | $558M)

- 1
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

84 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$22.5M (▲1198%)
21 Electric Pickup Truck Manufacturers $ Invested in last 1 year

Rivian Bollinger Motors Lordstown Motors 2 (▼60%)

(2009, United States, $10.5B) (2014, United States) (2019, United States) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

EBRO (2021, Spain) Electric Vehicles (Lime)

14 11 $21.1M - Series B - Oct 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies Telo Trucks (2023) Automaker (Tesla)

$1.4M - Seed - Jun 2023 (# Cos: 4813 | $65.7B)

Off Highway Vehicles (Monarch)

$10.5B 1 (# Cos: 123 | $10.8B)
Total $ Invested Soonicorn Club
Pickup Trucks (Rivian)
(# Cos: 14 | $10.5B)

3 2
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

85 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$20.7M (▼74.5%)
22 EV Charging Station Locator $ Invested in last 1 year

Zap-Map ElectricPe Bonnet 8 (▼20%)

(2014, United Kingdom, $12.3M) (2021, India, $8.3M) (2019, United Kingdom, $6.8M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Bonnet (2019, United Kingdom) Electric Vehicles (Lime)

230 46 $5.5M - Series A - Apr 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies ElectricPe (2021, India) Charging Solutions (ChargePoint)

$5.0M - Seed - Jan 2023 (# Cos: 2026 | $8.2B)
Bluedot (2019, United States)
Charging Point Locator (Zap-Map)
$114M 6 $5.0M - Seed - Jun 2023
(# Cos: 230 | $114M)
Total $ Invested Soonicorn Club $2.0M - Seed - Jan 2023
Wevolt (2022, Australia)
$2.0M - Seed - Jun 2023
Tap Electric (2020, Netherlands)
- 8 $1.1M - Seed - Sep 2023
IPOs Acquisitions
Ionage (2021, India)
$123K - Angel - Nov 2022
View all 8 Funding Rounds on Tracxn Platform

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

86 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$20.1M (▲295%)
23 Commercial EV Retrofitting Kits $ Invested in last 1 year

ULEMCo Ashwoods Unique Electric Soluti.. 2 ( <> 0% )

(2014, United Kingdom, $1.6M) (2003, United Kingdom, $4.1M) (2016, United States, $2.8M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

ZEVx (2019, United States) Electric Vehicles (Lime)

45 16 $20.0M - Series B - Feb 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies Flux Hybrids (2019, United States) Conversion Kits (Hydrogen)
$122K - Seed - Nov 2022 (# Cos: 187 | $183M)

Commercial Vehicles (ULEMCo)

$42.3M 0 (# Cos: 45 | $42.3M)
Total $ Invested Soonicorn Club

1 2
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

87 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$17.3M (▲670%)
24 Electric Kick Scooter Manufacturers $ Invested in last 1 year

Segway Unagi Scooters NAVEE 1 (▼66.7%)

(1999, United States, $202M) (2018, United States, $30.9M) (2020, China, $498K) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Unagi Scooters (2018, United States) Electric Vehicles (Lime)

287 18 $17.3M - Series B - Apr 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies

Automaker (Tesla)
(# Cos: 4813 | $65.7B)

Light Electric Vehicles (Cowboy)

$236M 1 (# Cos: 1746 | $1.5B)
Total $ Invested Soonicorn Club
Kick Scooters (Segway)
(# Cos: 287 | $236M)

- 1
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

88 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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Autonomous Modular Electric $16.1M (▲1.4%)

25 Technology $ Invested in last 1 year

PIX Moving DeepDrive Applied EV 1 (▼75%)

(2014, China, $20.0M) (2021, Germany, $21.0M) (2015, Australia, $23.5M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

DeepDrive (2021, Germany) Electric Vehicles (Lime)

8 4 $16.1M - Series A - Mar 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies

Modular Vehicles Platform (Harbinger Motors)
(# Cos: 19 | $149M)

Autonomous (PIX Moving)

$64.6M 2 (# Cos: 8 | $64.6M)
Total $ Invested Soonicorn Club

- -
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

89 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$16.0M (▼83.4%)
26 Electric Car Rentals $ Invested in last 1 year

Autonomy Onto UFODrive 3 (▼72.7%)

(2020, United States, $62.8M) (2018, United Kingdom, $241M) (2018, Luxembourg, $21.6M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

REVEL (2020, Spain) Electric Vehicles (Bird)

242 67 $16.0M - Series B - Sep 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies ELOOP (2017, Austria) Vehicle as a Service (Lime)

$1.6M - Seed - Sep 2023 (# Cos: 1304 | $7.7B)
Undisclosed - Seed - Mar 2023
Cars (BluSmart)
$811M 9 (# Cos: 293 | $1.1B)
Total $ Invested Soonicorn Club
Self Drive (Autonomy)
(# Cos: 242 | $811M)

1 7
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

90 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$15.6M (▼98.2%)
27 Electric Vehicle Rentals $ Invested in last 1 year

Lime TIER Revel 1 (▼80%)

(2017, United States, $1.8B) (2018, Germany, $660M) (2018, United States, $159M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Xingxing Mobility (2019, South Korea) Electric Vehicles (ChargePoint)

41 16 $15.6M - Series B - Dec 2022 (# Cos: 10491 | $92.0B)

Companies Funded Companies

Vehicle as a Service (Bird)
(# Cos: 1304 | $7.7B)

Multi Category Vehicles (TIER)

$2.7B 7 (# Cos: 134 | $2.8B)
Total $ Invested Soonicorn Club
Free Float (Lime)
(# Cos: 41 | $2.7B)

1 3
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

91 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$15.0M (▲342%)
28 Station-Based Electric Scooter Rentals $ Invested in last 1 year

WeMo Scooter GO Sharing FAE 1 ( <> 0% )

(2016, Taiwan, $18.4M) (2019, Netherlands, $84.2M) (2016, India, $616K) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

WeMo Scooter (2016, Taiwan) Electric Vehicles (Bird)

79 15 $15.0M - Series A - Feb 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies

Vehicle as a Service (Lime)
(# Cos: 1304 | $7.7B)

Scooters (Zypp Electric)

$120M 1 (# Cos: 190 | $593M)
Total $ Invested Soonicorn Club
Station Based (WeMo Scooter)
(# Cos: 79 | $120M)

- 1
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

92 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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$14.2M (▲8.1%)
29 Digital Loans for E-Rickshaw $ Invested in last 1 year

Three Wheels United Turno Ohm Mobility 2 ( <> 0% )

(2010, India, $10.1M) (2021, India, $16.9M) (2020, India, $367K) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Turno (2021, India) Electric Vehicles (Lime)

3 3 $13.8M - Series A - Dec 2022 (# Cos: 10491 | $92.0B)

Companies Funded Companies Ohm Mobility (2020, India) Financing (Ohm Mobility)
$367K - Seed - May 2023 (# Cos: 9 | $53.1M)

Internet First Lender (Turno)

$27.4M 2 (# Cos: 4 | $32.4M)
Total $ Invested Soonicorn Club
Three Wheelers (Three Wheels
United)
(# Cos: 3 | $27.4M)

- -
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

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 Back to index

$13.5M (▼88.5%)
30 Electric Cargo 3W Manufacturer $ Invested in last 1 year

Euler Motors Altigreen Selex 4 (▼50%)

(2018, India, $91.9M) (2013, India, $48.8M) (2018, Vietnam, $5.1M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

ONO (2017, Germany) Electric Vehicles (Lime)

60 20 $6.3M - Series A - Dec 2022 (# Cos: 10491 | $92.0B)

Companies Funded Companies Vok Bikes (2019, Estonia) Automaker (Tesla)

$4.2M - Seed - Jun 2023 (# Cos: 4813 | $65.7B)

Selex (2018, Vietnam) Commercial Vehicles (Nikola Motor)

$172M 5 $3.0M - Seed - Apr 2023 (# Cos: 636 | $7.0B)

Total $ Invested Soonicorn Club Astro Motors (2022, India) Light Commercial Vehicles (Altigreen)
Undisclosed - Seed - Jun 2023 (# Cos: 419 | $2.6B)

Cargo Vehicles (Nuro)

(# Cos: 77 | $2.3B)
1 -
IPOs Acquisitions Three Wheelers (Euler Motors)
(# Cos: 60 | $172M)

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

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$12.4M (▼55.7%)
31 Electric 2W Battery Swapping $ Invested in last 1 year

EHuanDian Oyika Zhang Fei Charge 3 (▲200%)

(2015, China, $117M) (2018, Singapore, $10.8M) (2016, China, $9.9M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Oyika (2018, Singapore) Electric Vehicles (Lime)

22 8 $10.8M - Series B - Apr 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies Drive .. (2021, United Arab Emirates) Charging Solutions (Wallbox)
$1.5M - Seed - Jan 2023 (# Cos: 2026 | $8.2B)

Stima (2020, France) Station Network (ChargePoint)

$139M 3 $109K - Seed - Jun 2023 (# Cos: 925 | $5.3B)

Total $ Invested Soonicorn Club Battery Swapping (Battery Smart)

(# Cos: 50 | $297M)

Two Wheelers (EHuanDian)

(# Cos: 22 | $139M)
- -
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

95 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Back to index

$10.0M (▲118%)
32 Electric Utility Vehicle Manufacturers $ Invested in last 1 year

Addax Motors evTS Cenntro 2 (▼33.3%)

(2015, Belgium, $11.9M) (2015, United States, $5.2M) (2013, United States) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Tropos Techno.. (2016, United States) Electric Vehicles (Lime)

148 24 $10.0M - Series B - Dec 2022 (# Cos: 10491 | $92.0B)

Companies Funded Companies Morris Comme.. (2015, United Kingdom) Automaker (Tesla)
Undisclosed - Seed - Mar 2023 (# Cos: 4813 | $65.7B)

Commercial Vehicles (Nikola Motor)

$33.2M 2 (# Cos: 636 | $7.0B)

Total $ Invested Soonicorn Club Light Commercial Vehicles (Nuro)

(# Cos: 419 | $2.6B)

Utility Vehicles (Addax Motors)

(# Cos: 148 | $33.2M)
3 5
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

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 Back to index

$5.4M (▼98.3%)
33 Electric Kick Scooter Rentals $ Invested in last 1 year

Bird Dott Voi 2 (▼77.8%)

(2017, United States, $766M) (2018, Netherlands, $212M) (2018, Sweden, $519M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Hopp (2019, Iceland) Electric Vehicles (ChargePoint)

187 40 $4.7M - Series A - Dec 2022 (# Cos: 10491 | $92.0B)

Companies Funded Companies ZEUS (2019, Germany) Vehicle as a Service (Lime)

$699K - Seed - Jan 2023 (# Cos: 1304 | $7.7B)

Kick Scooters (Dott)

$2.0B 6 (# Cos: 380 | $2.6B)
Total $ Invested Soonicorn Club
Free Float (Bird)
(# Cos: 187 | $2.0B)

1 7
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

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 Back to index

$841K (▲34.6%)
34 Electric Vehicle Ecommerce $ Invested in last 1 year

Pure Electric Ridepanda Shenmachuxing.com 2 (▼60%)

(2018, United Kingdom) (2020, United States, $3.8M) (2018, China, $20.0M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Asia New Energy Auto .. (2017, China) Electric Vehicles (Lime)

212 13 $841K - Seed - Sep 2023 (# Cos: 10491 | $92.0B)

Companies Funded Companies EV India (2021, India) Ecommerce (Ridepanda)

Undisclosed - Seed - Jul 2023 (# Cos: 916 | $145M)

Vehicles (Rebike)
$25.2M 1 (# Cos: 831 | $143M)
Total $ Invested Soonicorn Club
Multi Category (Pure Electric)
(# Cos: 212 | $25.2M)

- -
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

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$349K (▼99.5%)
35 Electric Tractor Manufacturers $ Invested in last 1 year

Monarch Cellestial E-mobility AutoNxt Automation 1 (▼75%)

(2018, United States, $81.0M) (2019, India, $701K) (2016, India, $2.0M) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

AutoNxt Automation (2016, India) Electric Vehicles (Lime)

18 7 $349K - Seed - Nov 2022 (# Cos: 10491 | $92.0B)

Companies Funded Companies

Automaker (Tesla)
(# Cos: 4813 | $65.7B)

Off Highway Vehicles (Rivian)

$93.5M 1 (# Cos: 123 | $10.8B)
Total $ Invested Soonicorn Club
Tractors (Monarch)
(# Cos: 18 | $93.5M)

- 2
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

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 Back to index

$104K (▼99.4%)
36 Electric Vehicle Finance Platforms $ Invested in last 1 year

Tenet Computer Group Autovert 1 ( <> 0% )

(2021, Canada, $18.0M) (2016, India, $194K) # Funding Rounds in last 1 year

Key Stats Recent Funding Rounds Taxonomy

Autovert (2016, India) Electric Vehicles (Lime)

2 2 $104K - Seed - Nov 2022 (# Cos: 10491 | $92.0B)

Companies Funded Companies

Financing (Three Wheels United)
(# Cos: 9 | $53.1M)

Aggregator (Zeti)
$18.2M 1 (# Cos: 3 | $20.7M)
Total $ Invested Soonicorn Club
B2C (Tenet Computer Group)
(# Cos: 2 | $18.2M)

- 1
IPOs Acquisitions

Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

100 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Taxonomy (1/2)
# Cos # Funded $ Funding
Taxonomy Total Funding Notable Companies
Tracked Cos. (Last 2y)

Automaker 4813 854 $65.7B $10.5B (▼51%) Tesla, Ather Energy

Modular Vehicles Platform 19 8 $149M $138M (▲5409%) Harbinger Motors, PIX Moving

Components 791 267 $9.4B $2.6B (▲4%) Log9 Materials, KPIT

Charging Solutions 2026 580 $8.2B $4.1B (▲75%) ChargePoint, Wallbox

Conversion Kits 187 49 $183M $41.8M (▼65%) Hydrogen, ULEMCo

Vehicle Management 213 84 $433M $240M (▲132%) TWAICE, Ion Energy Labs

Battery Recycling 5 4 $7.6M $2.6M (▲1%) Spiers New Technologies, Circunomics

Battery Performance Report 2 1 $8.0M $4.5M (▲29%) Recurrent, EV CheckOut

Product Design Solutions 3 LSC, IONETIC

Test Systems 4 Semco Infratech, comemso

Vehicle as a Service 1304 307 $7.7B $2.1B (▼10%) Lime, Bird

Ecommerce 916 29 $145M $27.4M (▲75%) Rebike, Pure Electric

101 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Taxonomy (2/2)
# Cos # Funded $ Funding
Taxonomy Total Funding Notable Companies
Tracked Cos. (Last 2y)

Internet First Insurer 1 lvelectrix.co.uk

Financing 9 8 $53.1M $52.9M Three Wheels United, Turno

Coupons and Deals 3 1 &Charge, Hellosteps

Content Platforms 143 1 TESMANIAN, Discover EV

Review Platforms 24 1 Electric Bike Buyer, WattEV2Buy

EV Readiness Assessment 3 1 Mobergy, AskLee

View full Taxonomy on Tracxn Platform

102 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Investors
Acquisitions
IPOs
Companies
Unicorns
Business Models
News Recent Key News
Appendix

Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Recent Key News (1/3)
Transactions Company Updates
● Electric Bus Manufacturer PMI Secures ₹2.5 Billion Investment from ● Xpeng removes HD maps from Tesla FSD-like feature in China | GVS
Piramal mercomindia.com Global Village Space

● Stellantis is close to a US$1 billion deal with Chinese electric vehicle ● Luxurious interior of Canoo cars for Artemis astronauts: aesthetics and
company Leapmotor Grupoglobo comfort Gadget Tendency

● India’s PMI Electro Mobility Solutions drives home $30m from Piramal ● Luxury EV maker Zeekr to enter Hong Kong and Macau in 2024 The
Alternatives Shareandstocks Business Times

● NEOM announces major deal with seaglider builder REGENT for ● HW ELECTRO/New commercial EV model from Japan announced, to be
sustainable transport Arabian Business released in early spring 2025 lnews.jp

● Trevor Milton to reimburse Nikola $165M per arbitration proceeding ● Chinese EV maker Xpeng to bring assisted-driving tech to Europe next
TechCrunch+ year The Business Times

● Mitsubishi to reportedly put ¥20B investment into Renault's EV unit ● Loop Energy Provides Update and Announces Earnings Release Date
Breaking The News ACCESSWIRE

● SMIC officially established Xinlian Power, and many well-known ● Xpeng introduces flying car concept donanimhaber.com
industrial investors jointly invested PEdaily ● Xpeng Unveils ‘Land Aircraft Carrier’ and Six-Rotor Flying Car Global Village
● Beam Global Closes Acquisition of Europe Based Amiga, Creates Beam Space
Europe GlobeNewswire ● European Medical Drone signs purchase agreement wi.. Vertical and
Vertical Valor are part of MHM Publishing Inc
● myenergi's £30 Million Capital Raise Global Legal Chronicle
● Voltfang launches ‘New Life’ commercial storage system with 45 KWh
● ElectraMeccanica calls off merger with electric truck maker Tevva
electrive.com capacity pv magazine

104 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Recent Key News (2/3)
Legal Partnerships
● US Department Of Justice Probing Tesla On Vehicle Range InsideEVs ● AppyWay and Connected Kerb to revolutionise EV charging and parking
fleetworld.co.uk
● Securities Lawsuit Against Archer Is Dismissed Business Wire
● Blink Charging and AES Launch New Charging Station at Texaco Juan
● Mullen Provides Update on Lawsuit Against TD Ameritrade, Charles Pablo, El Salvador GlobeNewswire
Schwab, National Finance Servi.. GlobeNewswire
● Universal Hydrogen Announces Collaboration with JBT AeroTech and
● Tesla (TSLA) reveals DOJ has ramped up investigation with subpoenas Unveils Plan to Bring Hydrogen.. Business Wire
Electrek
● Ghanaian startup Kofa partners Chinese EV manufacturer to launch
● Elon Musk says feds issued subpoenas over Tesla Autopilot crash probe
e-bikes Disrupt Africa
New York Post
● Powerdot charging stations have been made available in the Elocity
● Feds expand Tesla investigation to include vehicle range, personal
benefits TechCrunch+ application Inwestycje.pl
● Bolt.Earth and Bafang: the future of electric two-wheelers is taking
● ROSEN, LEADING INVESTOR COUNSEL, Encourages Nikola Corporation
Investors to Secure Counsel Before.. PR Newswire shape Business Wire
● ANGI Energy Systems Teams Up With Hydrogen Fuel Cell Electric Truck
● Levi & Korsinsky Notifies Archer Aviation Inc. (ACHR) Investors of a Class
Action Lawsuit and U.. GlobeNewswire Pioneer Nikola Corporation.. FuelCellsWorks
● Beny and Monta Announce Strategic Collaboration to Jointly Propel the
● Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits
Have Been Filed Agains.. GlobeNewswire Future of Sustainable Elect.. PR Newswire
● Lilium announces sales partnership in the USA electrive.com
● Tesla is urging the United States to adopt stricter fuel efficiency rules
TechNewsInsight ● Saudi wealth fund, Hyundai Motor agree to build auto plant The Business
Times

105 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Recent Key News (3/3)
People Movement Other
● JOLT Appoints Stuart Moffatt as General Manager energyportal.eu ● Samsung SDI logs record-high Q3 sales on solid EV battery demand Korea
Herald
● Ex-F1 champion Raikkonen partners with Chinese firm SHINE
● LG Energy Solution 3rd quarter performance announcement Sales KRW
● Hyzon Motors Announces Stephen Weiland As Chief Financial Officer 8.2235 trillion, operating p.. newswire.co.kr
BusinessFortNight
● TurnOnGreen Announces FY2023 Third Quarter Business Operations
● Mudzahid Beslija Became the New CEO of BinBin and Go Sharing
Update Business Wire
StartupTeknoloji
● Fix Auto Chicago Earns Tesla Approved Collision Center Certification
● Marti Technologies, Inc. Announces Chief Financial Officer Transition
bodyshopbusiness.com
Tullahoma News
● Tesla solar business slips 48% year-over-year v magazine
● WiTricity Taps Denis Murphy as Chief Financial Officer Aftermarket News
● Will.i.am Powered Flying Car Jetson Gets Approval to Fly in Italy
● Raptee, Premium EV motorcycle Startup appoints former Ather and Ola
StartupTeknoloji
Electric Veteran C Suresh a.. cionews.co.in
● Tesla Earnings Report Show Firm Holding onto Bitcoin in Q3 2023
● EdgeEnergy Appoints New CEO Aftermarket News Coinspeaker
● Velca adds Jaume Xicola to its board and Noso Capital and Sherry ● Tesla slumps as Musk warns on growth, Cybertruck potential after Q3
Ventures as observer entities pressdigital.es earnings miss The Street
● Chemix Appoints Apple & Tesla Battery Veteran Penchala Kankanala as ● Saietta reaches inflection point for the business DirectorsTalk Interviews
Senior Vice President of Product WebWire
● Lordstown OK'd For $10.2M Asset Sale To Ex-CEO In Ch. 11 Law360

106 Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Investors
IPOs
Acquisitions
Companies
Unicorns
Business Models
News
Appendix

Feed Report - Electric Vehicles - Oct 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
 Vendor Discovery
# Vendor Name Country # Customers Customers

1 BOLT India 7 Zypp Electric ($37.5M), ETO Motors ($12.2M), Hop Electric Mobility ($2.6M), Hala ($1.0M) +3More

2 Shenzhen Modiary China 5 Lime ($1.8B), Phylion Battery, Yadea, Flyer E-bikes +1More

3 Smartcar United States 5 Recurrent ($8.0M), FlexCharging ($6.0M), Rolling Energy Resources ($650K), eDRV +1More

4 Switch United Kingdom 5 IONITY ($791M), Hubject, has to be, Nuvve +1More

5 Esmito India 4 Bounce ($199M), ETO Motors ($12.2M), Flowtrik, CK Motors

6 Evnnovator Techn.. India 4 Lithium Urban Technologies ($28.1M), BillionE ($10.1M), Cero, Etric

7 Okai China 4 Lime ($1.8B), TIER ($660M), Dott ($212M), Spin ($8.0M)

8 Omoove Italy 4 Silence ($12.6M), Corrente, citenGo, Adduma Car

9 Spacmonitor Panama 4 Lucid ($1.3B), QuantumScape ($1.0B), ChargePoint ($530M), Arrival ($111M)

10 Technology Fund Switzerland 4 Battrion ($7.2M), ElectricFeel ($32.1K), Designwerk, eCarUp

Note: Numbers in bracket indicate the total funding of the company.

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