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Top 10 Electric Cars startups
Updated: March 27, 2024 |
Startups, developing electric cars, their components (like batteries) and ecosystem (like charging stations)
1
Country: USA | Funding: $20.2B
Tesla accelerates the transition to electric mobility with a full range of increasingly affordable electric cars. Tesla also produces Solar Roof, home batteries and operates large solar stations with energy storage.
Tesla accelerates the transition to electric mobility with a full range of increasingly affordable electric cars. Tesla also produces Solar Roof, home batteries and operates large solar stations with energy storage.
2
Country: USA | Funding: $13.5B
Rivian is an automotive technology company that develops products and services to advance the shift to sustainable mobility.
Rivian is an automotive technology company that develops products and services to advance the shift to sustainable mobility.
3
Country: USA | Funding: $11.3B
Lucid Motors is a Silicon Valley company that designs, develops, and builds electric vehicles.
Lucid Motors is a Silicon Valley company that designs, develops, and builds electric vehicles.
4
Country: China | Funding: $9.6B
NIO is a global Chinese company that designs and develops electric autonomous vehicles.
NIO is a global Chinese company that designs and develops electric autonomous vehicles.
5
Country: China | Funding: $6.4B
Xiaopeng Motors is an electric vehicle and technology company that designs and manufactures smart cars.
Xiaopeng Motors is an electric vehicle and technology company that designs and manufactures smart cars.
6
Country: China | Funding: $5.3B
WM Motors develops electric vehicle that isn’t a bus, isn’t slow, but IS a well-designed, 100% electric vehicle aimed at the mainstream market.
WM Motors develops electric vehicle that isn’t a bus, isn’t slow, but IS a well-designed, 100% electric vehicle aimed at the mainstream market.
7
Country: China | Funding: $4.1B
Faraday Future, a design and technology company, develops global solutions that re-imagine transportation, content, and ownership.
Faraday Future, a design and technology company, develops global solutions that re-imagine transportation, content, and ownership.
8
Country: Vietnam | Funding: $4B
VinFast is the first Vietnamese car brand to expand into global markets as well as the first to expand into producing EVs
VinFast is the first Vietnamese car brand to expand into global markets as well as the first to expand into producing EVs
9
Country: USA | Funding: $3.3B
Nikola’s fuel cell membrane electrode assembly (MEA) research is aimed at developing an architecture that could satisfy the power output needs and durability requirements of heavy-duty applications, such as the operations of the company’s long-haul vehicles like the Nikola One.
Nikola’s fuel cell membrane electrode assembly (MEA) research is aimed at developing an architecture that could satisfy the power output needs and durability requirements of heavy-duty applications, such as the operations of the company’s long-haul vehicles like the Nikola One.
10
Country: UK | Funding: $1.8B
Zenobe Energy is the largest independent owner and operator of battery storage in the UK. It buys and manages grid-scale batteries for its commercial customers, such as utilities and electric-vehicle operators.
Zenobe Energy is the largest independent owner and operator of battery storage in the UK. It buys and manages grid-scale batteries for its commercial customers, such as utilities and electric-vehicle operators.
12
Country: USA | Funding: $1.5B
Fisker Automotive is producing luxury plug-in hybrid electric vehicles.
Fisker Automotive is producing luxury plug-in hybrid electric vehicles.
13
Country: USA | Funding: $1.5B
QuantumScape is a renewable energy company that develops solid-state battery technology to increase the range of electric cars.
QuantumScape is a renewable energy company that develops solid-state battery technology to increase the range of electric cars.
14
Country: USA | Funding: $1.4B
ChargePoint is an electronics company that specializes in an open electric vehicle charging network.
ChargePoint is an electronics company that specializes in an open electric vehicle charging network.
15
Country: USA | Funding: $1.2B
Proterra makes zero-emission, battery-electric buses that help eliminate fossil fuel dependency and reduce costs.
Proterra makes zero-emission, battery-electric buses that help eliminate fossil fuel dependency and reduce costs.
16
Country: Croatia | Funding: $875.8M
Rimac Automobili is a hypercar and electric vehicle components company.
Rimac Automobili is a hypercar and electric vehicle components company.
17
Country: Sweden | Funding: $652.3M
Einride is a leading freight technology company providing digital, electric, and autonomous shipping.
Einride is a leading freight technology company providing digital, electric, and autonomous shipping.
18
Country: USA | Funding: $595M
Canoo is building electric vehicles made for subscription. Canoo is a one-of-a-kind mobility company creating electric vehicles that are both innovative and affordable.
Canoo is building electric vehicles made for subscription. Canoo is a one-of-a-kind mobility company creating electric vehicles that are both innovative and affordable.
19
Country: Sweden | Funding: $390.9M
Volta Trucks is building an electric truck. For today's cities and tomorrow's generations.
Volta Trucks is building an electric truck. For today's cities and tomorrow's generations.
20
Country: UK | Funding: $369.3M
Onto is an electric vehicle subscription startup that provides an all-inclusive, hassle-free solution for driving an electric car.
Onto is an electric vehicle subscription startup that provides an all-inclusive, hassle-free solution for driving an electric car.
21
Country: Israel | Funding: $317M
REE is a technology company that develops cutting edge systems for the automotive and personal mobility industries.
REE is a technology company that develops cutting edge systems for the automotive and personal mobility industries.
22
Country: USA | Funding: $290.7M
Ample utilizes autonomous robotics and smart-battery technology to solve the energy delivery challenge for electric transportation.
Ample utilizes autonomous robotics and smart-battery technology to solve the energy delivery challenge for electric transportation.
23
Country: USA | Funding: $259.4M
FreeWire Technologies provides smart battery systems for EV charging and mobile distributed power.
FreeWire Technologies provides smart battery systems for EV charging and mobile distributed power.
24
Country: USA | Funding: $230.3M
Span.IO develops intelligent hardware & software for the Distributed Grid. It's building a smart & seamless I/O for distributed energy by developing a platform that supplants the traditional electrical panel. By integrating sensing, actuation, and logic in to a single device, Span.IO enables fast and inexpensive deployment of distributed energy as well as offer an extensible platform for intelligent home automation.
Span.IO develops intelligent hardware & software for the Distributed Grid. It's building a smart & seamless I/O for distributed energy by developing a platform that supplants the traditional electrical panel. By integrating sensing, actuation, and logic in to a single device, Span.IO enables fast and inexpensive deployment of distributed energy as well as offer an extensible platform for intelligent home automation.
25
Country: USA | Funding: $222.1M
Lightning Systems innovative automotive research and manufacturing company that develops zero-emission all-electric powertrains.
Lightning Systems innovative automotive research and manufacturing company that develops zero-emission all-electric powertrains.
26
Country: Netherlands | Funding: €168.4M
Lightyear is a tech company developing an ultra energy efficient automotive platform.
Lightyear is a tech company developing an ultra energy efficient automotive platform.
27
Country: UK | Funding: $173.6M
Tevva Motors Ltd is a UK-based, leading developer of modular electrification systems for medium duty commercial vehicles. Using a systems engineering approach, Tevva has developed world-class electric vehicle technology that adheres to the most rigorous of standards to ensure safety, reliability and durability.
Tevva Motors Ltd is a UK-based, leading developer of modular electrification systems for medium duty commercial vehicles. Using a systems engineering approach, Tevva has developed world-class electric vehicle technology that adheres to the most rigorous of standards to ensure safety, reliability and durability.
28
Country: Germany | Funding: $168.5M
e.GO Mobile AG develops and produces electronic vehicles
e.GO Mobile AG develops and produces electronic vehicles
29
Country: Germany | Funding: €140M
The most sustainable High-Power Charging station with integrated battery storage. HPC: anywhere & anytime!
The most sustainable High-Power Charging station with integrated battery storage. HPC: anywhere & anytime!
30
Country: Germany | Funding: $127.2M
Sono Motors Vision is to become an established provider of sustainable mobility, by focusing on manufacturing electric vehicles with alternative power technologies and innovative sharing services.
Sono Motors Vision is to become an established provider of sustainable mobility, by focusing on manufacturing electric vehicles with alternative power technologies and innovative sharing services.
31
Country: Singapore | Funding: $110.8M
Oyika is a motor vehicle company that builds battery swap and charging infrastructure for electric vehicles.
Oyika is a motor vehicle company that builds battery swap and charging infrastructure for electric vehicles.
32
Country: USA | Funding: $100.8M
Karma Automotive designs, engineers, assembles and markets luxury electric vehicles, all from its Southern California base of operations. Launched by Wanxiang Group that purchased what was left of Fisker in 2014
Karma Automotive designs, engineers, assembles and markets luxury electric vehicles, all from its Southern California base of operations. Launched by Wanxiang Group that purchased what was left of Fisker in 2014
33
Country: UK | Funding: $97.1M
EO Charging created EO Mini Pro - the world’s smallest smart home charger.
EO Charging created EO Mini Pro - the world’s smallest smart home charger.
34
Country: India | Funding: $92M
Euler Motors is a full-stack OEM that builds electric 3 and 4 wheelers that can be used for intra-city goods transportation.
Euler Motors is a full-stack OEM that builds electric 3 and 4 wheelers that can be used for intra-city goods transportation.
35
Country: USA | Funding: $84.5M
Arcimoto is an automotive company that focuses on developing the SRK, an ultra-efficient three-wheeled electric vehicle.
Arcimoto is an automotive company that focuses on developing the SRK, an ultra-efficient three-wheeled electric vehicle.
36
Country: USA | Funding: $82.5M
Envoy provides electric vehicle (EV) carsharing as an amenity within communities.
Envoy provides electric vehicle (EV) carsharing as an amenity within communities.
37
Country: UK | Funding: £60M
My Energi makes Electric Vehicle charging equipment and eco-smart home devices.
My Energi makes Electric Vehicle charging equipment and eco-smart home devices.
38
Country: India | Funding: $67.9M
CHARGE+ZONE, a fully integrated IOT-driven, unmanned and app driven EV-charging company, is on ambitious drive to electrify India's national highways. Additionally through smart charging solutions, it is focussed on distributed EV charging network points for electric buses and car and 3Ws cargo EVs which are ubiquitous for Indian market.
CHARGE+ZONE, a fully integrated IOT-driven, unmanned and app driven EV-charging company, is on ambitious drive to electrify India's national highways. Additionally through smart charging solutions, it is focussed on distributed EV charging network points for electric buses and car and 3Ws cargo EVs which are ubiquitous for Indian market.
39
Country: USA | Funding: $62M
Faction creates driverless electric vehicles at a fraction of the cost of a car.
Faction creates driverless electric vehicles at a fraction of the cost of a car.
40
Country: Germany | Funding: $55.9M
Quantron AG specializes in the electrification of used and existing vehicles. The conversion and preparation work is carried out according to our sustainability concept, Q-Remanufacturing.
Quantron AG specializes in the electrification of used and existing vehicles. The conversion and preparation work is carried out according to our sustainability concept, Q-Remanufacturing.
41
Country: USA | Funding: $53M
EV Connect provides enterprise-class, electric vehicle charging software and solutions.
EV Connect provides enterprise-class, electric vehicle charging software and solutions.
42
Country: USA | Funding: $50M
Weave Grid is dedicated to enabling large-scale electrification of transportation through direct & efficient system integration. The company taps into electric vehicle charging data and can optimize EV charging for customers such as utilities.
Weave Grid is dedicated to enabling large-scale electrification of transportation through direct & efficient system integration. The company taps into electric vehicle charging data and can optimize EV charging for customers such as utilities.
43
Country: Israel | Funding: $50M
ElectReon provides a complete solution for the future E-city with no gas and charging stations, no visible infrastructure and with a shared energy platform for the near future ban on fossil fuel vehicles entering the urban environment. It's developing a smart transportation technology for underground electric coils that recharge EVs wirelessly as they travel.
ElectReon provides a complete solution for the future E-city with no gas and charging stations, no visible infrastructure and with a shared energy platform for the near future ban on fossil fuel vehicles entering the urban environment. It's developing a smart transportation technology for underground electric coils that recharge EVs wirelessly as they travel.
44
Country: Italy | Funding: $200K
Enel X‘s EV charger, the JuiceBox, enables cars to charge when the grid is producing the cleanest energy
Enel X‘s EV charger, the JuiceBox, enables cars to charge when the grid is producing the cleanest energy
45
Country: UK | Funding: £41.8M
Trojan Energy develops a system that offers an equal chance for EV drivers without a driveway to charge effectively at home, while eliminating residual clutter on the pavement.
Trojan Energy develops a system that offers an equal chance for EV drivers without a driveway to charge effectively at home, while eliminating residual clutter on the pavement.
46
Country: India | Funding: $44.3M
Exponent Energy is a start-up focused on developing fast charging technology for Electric Vehicles.
Exponent Energy is a start-up focused on developing fast charging technology for Electric Vehicles.
48
Country: UK | Funding: $34M
Addionics is creating next-generation batteries for electric cars through intelligent 3D battery architecture and engineering.
Addionics is creating next-generation batteries for electric cars through intelligent 3D battery architecture and engineering.
50
Country: Kenya | Funding: $31.5M
Roam is a technology-driven electric mobility company that designs and develops electric motorcycles and electric buses for growing markets.
Roam is a technology-driven electric mobility company that designs and develops electric motorcycles and electric buses for growing markets.