Top 9 Electric Vehicle StartUps Innovating the Industry
Electric Vehicles are finally seeing the light of the day. The industry has been coming through and companies and startups have been innovating to overcome all the hindrances such as the battery, charging, and infrastructure. One of the electric vehicle startups is aiming to achieve complete carbon neutrality across the entire business by 3032. Another startup has reportedly established its own-brand charging stations across 164 Chinese cities and is growing by the day. Not just that, this China-based startup is the first one to provide free lifetime charging to its customers.
These startups are transforming the EV landscape for good. There are several such startups innovating in the industry. In the following article, we’ll discuss the top 9 EV manufacturers that are competing with the legendary automotive companies in the EV landscape.
Here are the top electric vehicle startups:
|Headquarter||Michigan, United States|
|Total Funding Amount||$10.7 Billion|
|Investors||T. Rowe Price, Ford Motor, Amazon, D1 Capital Partners|
Rivian’s progress in the EV Market
Rivian has been aiming to achieve carbon neutrality across the entire business for Scope 2 emissions by 2028. And Scope 3 emissions by 2032. Scope 2 emissions are indirect greenhouse gas emissions associated with the purchase of electricity, steam, heat, or cooling. While scope 3 emissions include all other indirect emissions that occur in a company’s value chain.
The cross-system view and collaborative culture of Rivian have been critical to the company’s ability to achieve success. The Company’s commitment to carbon neutrality necessitates a thorough understanding of suppliers’ and service providers’ carbon intensity, as well as their activities. From focusing on more sustainable raw material supply to aggressively regulating trash generation, accurate carbon accounting is being used to drive decisions and actions. (Source)(Source)
Rivian software experts have been working on some of the most important aspects of product development. This includes systems that regulate driving dynamics, energy management, autonomy, wireless connectivity, digital experience, and more. Rivian’s vehicle development continues to advance even while the company adjusts to the pandemic. Because these systems are developed in-house and run software that the company planned, coded, and tested. The product can advance even with the staff working from home. (Source)
Rivian’s design life cycle includes battery packs that are designed to be readily removed from vehicles. These packs are then either recycled or employed in “second life” operations such as stationary storage. The company’s vehicles’ interiors are manufactured entirely of animal-free materials, with mid-life repairability and end-of-life recyclability erected into the design. Rivian claimed to have the largest car battery pack in the world. (Source)(Source)
Rivian Battery Pack Design
Rivian’s mode of operations involves operating a global network of offices, test labs, experience centers, service centers, charging stations, and production facilities. All of which are linked by thousands of employees. (Source)
Rivian FleetOS is a cloud-based application developed by Rivian. It is related to their fleet business that unites entire fleet telematics, charging, maintenance, purchase, and resale into a single platform that can be accessed from many devices. Their energy and charging solutions are tailored to the needs of commercial clients. Everything is backed up by the company’s 24/7 support team. This includes Rivian Mobile Service and a nationwide network of Rivian Service Centers. It is responsible for routing, remote diagnostics, collision reports, and assisting in the improvement of driver safety and instruction. (Source)
Key Technological Areas
Rivian excels in technological areas such as EV charging technology, AWS Information Technology, and Skateboard motor technology.
As announced in 2020, when the R1T pickup truck and R1S sport utility vehicle were first delivered by Rivian, the company had planned to build out a network of electric vehicle charging technology across the United States. (Source)
Rivian’s EV charging technology would allow its customers to go to places that would normally not welcome or invite electric vehicles due to charging infrastructure. The Rivian consumer-facing network had been divided into two tiers. Rapid charging along the interstate for those who require it and strategically situated destination chargers for those who didn’t. (Source)
Rivian DC fast chargers
As of December 9, 2020, Rivian has started constructing a statewide network of DC fast chargers. These provide the quickest charging speeds for electric vehicles. With its R1 vehicles initially in just 20 minutes of charging, it allowed to add up to 140 miles of range to it. These chargers are said to connect cities along major highways in the United States and Canada, as well as more rural, off-road locations. Rivian has expected to install 3,500+ DC fast chargers at 600 locations by 2023. (Source)
Rivian Wall Chargers- Home charger
Rivian’s vehicles, as well as those of Amazon and Ford, will be based on the company’s “skateboard” chassis/motor. A “skateboard” is a type of configuration for automotive chassis, used for automotive platforms of battery electric vehicles. (Source)(Source)
Rivian Skateboard Chassis
The batteries, suspension, braking system, and mechanical components are all grouped together below the height of the wheels. This decreases the vehicle’s center of gravity. According to the company, this enhances handling and storage space. It has a quad motor configuration that can transfer power instantaneously and independently. It offers precise traction in every circumstance and substantially greater torque control than traditional locking differentials. (Source)(Source)
Rivian Future Plans
In a 2020 report, Rivian shared its plan of constructing an electric vehicle charging station network across the United States. The company would install dozens of EV chargers to charge its electric vehicles. While they are parked at exciting locations such as mountain bike and hiking routes, kayaking places, and possibly even popular climbing crags. The Rivian Adventure network, according to the business, would consist of 600 stations with 3500 individual fast-chargers. This will allow owners to receive enough juice in 20 minutes for a range of 140 miles. (Source)(Source)
In 2021 Rivian announced that it is developing its vehicle’s entire digital experience, both inside and out. This comprises the consumer-facing smartphone app as well as the apps on the vehicle’s infotainment center. Includes the central display, navigation, connectivity, and multimedia features. In addition, the company is expanding its development teams for the end-to-end digital vehicle service network, fleet management, connection, and charging. (Source)
As of 2021, Rivian told that it is currently looking to expand its electric delivery vans production in Europe. According to a recent Bloomberg, Rivian is looking at areas in Germany, the UK, and Hungary as possible production locations. Rivian now has the motivation to create production pipelines and set up shop, thanks to Amazon’s support. When that order is filled, the manufacturer should see a considerable increase in revenue from its consumer EVs. Rivian can then move production to its other EVs for faster (and less expensive) distribution in Europe. (Source)
In 2021, Rivian’s engineers visited South Korea to engage with local material, component, and equipment companies in preparation for the company’s own battery cell production. It intends to begin selling its first electric truck, the R1T, as well as the R1S SUV. The cylinder batteries for the two vehicles are supplied by Samsung SDI. Rivian plans to build a 10-gigawatt-hour-per-year battery factory by 2025.
The latest visit of its engineers is in line with this strategy. Rivian is the first of the electric car startups planning to manufacture their own batteries, traveling to South Korea to meet with suppliers of materials, components, and equipment. Unlike some of their Chinese and Japanese competitors, many South Korean companies have expertise in mass battery manufacture. (Source)
|Total Funding Amount||$4.6 Billion|
|Investors||GWC Innovator Fund, UCAR, Alibaba Group, Foxconn Technology Group, IDG Capital, Xiaomi|
Xpeng’s progress in the EV Market
XPeng Motors has been the leading Chinese automaker in terms of smart and connected auto technology patents in 2019. According to data released concertedly by The China Automotive Technology Research Center’s Institute of Information Technology and the Intellectual Property Branch of the China Society of Automotive Engineers on January 19, 2020. Smart & connected auto technology accounted for 41% of XPeng’s patent operations in 2019. With vehicle technology, independent driving, and powertrain technology accounting for 25%, 22%, and 12% of the aggregate, independently.
“Our achievement in innovation and invention patents is a strong testimony of our dedication and focus on in-house R&D.”Mr. He Xiaopeng, The Chairman and CEO of XPeng Motors
Five workshops, including stamping, welding, painting, assembly, and battery pack manufacture, as well as a battery assembly line, have made up the XPeng Zhaoqing Smart EV Manufacturing Base. The Zhaoqing base has been outfitted with powerful MES manufacturing execution systems, real-time production monitoring systems, dynamic testing tracks, and a transparent manufacturing cycle. The company is ensuring that the promise of a digital smart factory is being realized.
On March 3, 2021, XPeng expanded its product portfolio. They introduced three new car models for the Chinese market that are powered by lithium iron phosphate (LFP) batteries. With the new LFP battery variants, XPeng’s product portfolio now provides not just a wider choice of driving range options for consumers, but also greater autonomous driving features at a lower cost. (Source)
On July 22, 2021, the XPeng G3 model ranked first in quality in the compact battery-powered electric car class category. The G3 boasts the best self-driving assistance system in its class, with i-VISTA ranking its auto parking feature first in 2020. The AI-powered voice assistant has a 99% utilization rate, according to XPeng’s in-house built intelligent in-car operating system Xmart OS.
The G3 has undergone 15 substantial firmware OTA updates since its introduction, bringing 55 new functions. In China’s New Car Assessment Program (C-NCAP) safety test, the model received the highest total score of 92.2% among electric vehicles, as well as top G (good) scores in the Crash test results from the Chinese Insurance Automotive Safety Index (CIASI). (Source)
On October 24, 2021, at XPeng 1024 Tech Day, XPeng has unveiled several smart EV technologies and key components of the company’s smart mobility ecosystem. Such as the XPILOT 3.5 driver assistance system, which has been capable of handling city driving scenarios, XPILOT 4.0, which provides full-scenario advanced point-to-point driver assistance, high voltage supercharging technologies to significantly boost charging power drawings for the next generation flying car, demonstrating fly-drive conversion, and robotic technology. (Source)
Key Technological Areas
Xpeng excels in technological areas such as autonomous technology, battery, and charging technology.
In May 2021, XPeng Motors reported that its own-brand charging network in China has grown to stations across 164 Chinese cities. In August 2021, Xpeng announced that the first batch of 11 super-charging stations along the Shandong part of the Beijing-Shanghai thruway and the Henan section of the Beijing-Hong Kong-Macao thruway had been installed and are now functional. These charging stacks have a plug-and-charge connection, as well as a unique lock functionality and other functions. (Source)
Xpeng 800-Volt Charging
Xpeng Motors announced in April 2021 that it would produce its own chips for autonomous vehicles. Xpeng unveiled the P5, a revolutionary electric vehicle that has Lidar, or Light Detection and Ranging, technology, which utilizes lasers to survey the environment around it. This is necessary in order to use some of the P5’s built-in autonomous driving functions. Xinzhou Wu, Xpeng’s vice president of autonomous driving, said the company is investigating a variety of technologies, including autonomous driving chips. (Source)
In March 2021, Xpeng Inc expanded its product range by introducing three new electric car models for the Chinese market. All the vehicles are powered by lithium iron phosphate (LFP) batteries. The P7 Standard Range Smart and Premium variants, as well as the G3 460c type, are among the three new LFP-powered vehicles. (Source)(Source)
To stand out in China’s congested electric vehicle market, the firm has been focusing on creating technology in-house. Xpeng is fighting not just with established automakers and start-ups, but also with a growing number of technology companies such as Baidu and Xiaomi. Xinzhou Wu, Xpeng’s vice president in charge of autonomous driving asserted that the P5’s hardware and software, as well as the usability of the overall features, are much more advanced than those of its competitors, giving the company an advantage. (Source)
A large number of Chinese consumers have expressed an interest in shorter-distance city driving. These customers prefer vehicles with more advanced features, such as more advanced autonomous driving functions with an intelligent cockpit and a mid-driving range. XPeng’s expanding EV product line allows it to better serve China’s diverse consumer needs. With the new LFP battery variants, XPeng’s product portfolio now includes a larger range of driving range options for consumers. Additionally, it also has superior autonomous driving features at comparable pricing points. (Source)
XPeng is the first new EV manufacturer in China that gives free lifetime charging to its customers. This displays its strong dedication to popularizing smart EVs by making free charging facilities easily accessible, improving customer experience, and increasing EV user convenience. For customers, XPeng focuses on making urban mobility as well as long-distance inter-city driving more convenient. (Source)
After delivering the electric SUV G3 to the Norwegian market at the end of 2020, Xpeng released its large electric sedan P7 in October 2021. Xpeng made a market debut in Europe through Norway. Customers will be aided by an “intelligent voice assistant” in the Norwegian version of the P7, according to Xpeng. Meanwhile, Xpeng sold its automobiles in 17 locations around Norway, with the Chinese collaborating with local partners. There are also 21 service stations in Norway. The aim of The Chinese EV startup is to enter more European markets in 2022. (Source)(Source)
Xpeng has established a presence in the Chinese local market, as China is home to a slew of electric vehicle startups, including Xpeng. In 2021, XPeng Inc. and the City of Wuhan have agreed to collaborate on the construction of a new XPeng Motors Wuhan Smart EV Manufacturing Base. Another milestone in XPeng’s strategic development is its expansion into China’s main auto manufacturing area with strong local government assistance.
Mr. He Xiaopeng, Chairman and CEO of Xpeng, at the signing ceremony in Wuhan, said, “Smart EVs are booming in popularity in China. We have a long-term strategic roadmap to embrace the sector’s transformation. Expanding our capacity in key hubs like Wuhan plays a critical role, Wuhan’s strategic location as an auto manufacturing and distribution hub will further enhance our supply chain management, sales, and distribution network in the future.” (Source)
|Total Funding Amount||$5.4 Billion|
|Investors||Baidu, Tencent, Beijing E-town International Investment & Development, Hefei City Construction and Investment Holding Group|
NIO’s progress in the EV Market
Besides its premium EVs, NIO is also famous for its battery swapping technology, BaaS. Plus the user experience it provides for the customers.
With the NIO Power Grid technology, NIO announced its next-generation approach to battery swapping in 2014. Power Grid provides a variety of power charging options aimed at improving the customer experience. The charged, swappable, and upgradeable smart power service technology by NIO has been the basis of this plan. To ensure increased availability, NIO’s multiple power swap stations are connected across multiple cities in China. The company has also deployed over 30,000 Power Home chargers in China. And installed 135 Power Swap stations in 59 cities across China as of June 2020. (Source)
On August 20, 2020, NIO began offering Battery as a Service. NIO BaaS has been a revolutionary innovation in both technology and business models. Enabling full services through vehicle-battery separation, battery subscription, and charged, swappable, and upgradable batteries. Users of the NIO BaaS platform can buy a car without a battery. BaaS also offers a systematic answer to EV penetration’s long-standing issues, such as battery degradation, upgradability, and resale value. (Source)(Source)
“Electric vehicles still account for a very low share of the entire auto market and there is a huge room for growth worldwide. Over the long term, probably in the next decade or so, more than half of NIO’s deliveries should come from abroad, resolute, investment in R&D that has led to over 2,500 issued patents. Another unique point is NIO’s community culture, from day one we aim to be a company enjoying close ties with users. We want to build a community that is based on our cars.”William LI, Founder, and CEO at NIO (Source)
On 20 June 2021, only six months after launch, NIO won the 2021 Red Dot Product Design Award for its first smart all-electric vehicle. The NIO ET7 was awarded for exceptional design quality. The space, digital cockpit, performance, and autonomous driving capability and presenting the users with the ultimate experience.
NIO was named a winner in the AI Excellence Awards program by the Business Intelligence Group on March 21, 2021. NOMI, NIO’s in-vehicle artificial intelligence, has received recognition. NOMI has been NIO’s one-of-a-kind digital dashboard assistant that goes beyond ordinary infotainment and navigation to give a deeper emotional connection to its drivers and passengers. (Source)(Source)
NIO received the 2021 DEVIES Award for Firmware-Over-The-Air (FOTA) on February 21, 2021. NIO FOTA has been through 39 version modifications since its inception in 2018. Covering all four of the brand’s production models. OTA (Over-the-Air Technology) has been a means of updating a system by downloading data packets over a wireless network. FOTA (Firmware Over the Air) focuses on the terminal’s firmware upgrade, which can result in an overall improvement of the vehicle’s system-level experience. Such as power, control, driving quality, and driving assistance. (Source)(Source)
Key Technological Areas
NIO excels in technological areas such as NIO Pilot autonomous technology, battery technology, and NIO Power charging technology.
NIO is bringing a new battery pack of a unique kind to its cars, as stated in September 2021. Both NMC and LFP cells are used in the new 75-kWh battery pack. NMC cells replace the previously used 70-kWh battery pack in the newly built energy storage system. The new battery, according to NIO, has a longer cold-weather range and more accurate state-of-charge (SoC) estimation. (Source)
NIO Hybrid-Cell Battery Pack
The NIO Pilot is the company’s SAE level 2 semi-autonomous system, which includes seven features such as Highway Pilot, Traffic Jam Pilot, Auto Lane Changing (ALC), and more. The “Selected Pack” with NIO Pilot, is available on the ES8 and ES6, EV models of NIO. (Source)
Through its broad power network, which includes battery swap stations, charging stations, Power Mobiles, and their experienced service teams, NIO Power, a power service system based on NIO Power Cloud, provides consumers with complete charging and swapping service experience. As of July 20, 2021, NIO has created 301 NIO Power Swap stations, 204 Power Charger stations, and 382 destination charging stations across China. And has completed over 2.9 million swaps and 600,000 One-Click-for-Power services. (Source)
NIO Power Charger- Slimmest DC charger in the world
NIO Power Mobile- Portable Charging Station
As of 2020, the improved version of NIO Pilot would include an enhancement to the existing Automatic Parking Assist (APA), dubbed ‘S-APA with Fusion’, as well as the new feature NOP. The navigation system and the NIO Pilot features are deeply fused in NOP. It allows the vehicle to drive on and off-ramps, pass other vehicles and join lanes. The vehicle would be able to detect parking slots based on parking space lines, recognize numerous consecutive available parking spaces, and select a target parking slot. (Source)
NIO’s new battery would simplify production and assembly by 10% and enhance energy density by 14% to 142 Wh/kg. Compared to the previous 70-kWh battery with NMC chemistry. NIO said it has discovered new software and hardware to compensate for the shortcomings of LFP chemistry at lower temperatures and in SoC estimates. NIO also claims to have created a full software and hardware solution for thermal management of the standard range battery (75 kWh). Stating it decreases range loss at low temperatures by 25% compared to its LFP counterpart. (Source)
NIO Power provides a power service system with rechargeable, swappable, and upgradeable batteries that may be used in a variety of circumstances. NIO offers a three-minute full battery switch, which gives users a fully charged battery faster than the fastest-charging models in the market. (Source)(Source)
As of May 2021, NIO is expanding its reach into Norway, its first international market outside of China. In the country, the business wants to build a strong ecosystem that includes cars, services, and digital experiences. It also intends to establish a lifestyle brand and community. The ES8, the company’s flagship electric SUV, will make its long-awaited debut in the European country as part of the expansion. In 2022, the ET7 smart electric flagship vehicle is also expected to debut. As part of a larger plan, NIO intends to set up its “charging and switching system” in Norway. NIO stated that its strategic rollout in Europe will first be focused on customer experience and brand, rather than volume. (Source)
NIO has already established one huge facility in central China and is planning to build a second just a few kilometers away. It also operates a factory in Hefei, China’s easternmost city. In January 2021, the company was planning a 50% increase in output due to increased local demand for luxury electric vehicles in China. NIO is taking a number of initiatives to ensure that it can continue to expand in the long run. Customers can buy a car without a battery and then subscribe for battery packs later with its Battery-as-a-Service approach. In China, NIO currently has 382 destination charging stations. NIO plans to build 600 new battery swap stations in China between 2022 and 2025. (Source)(Source)(Source)(Source)
Want to know what makes NIO one of the best EV startups? Click to read NIO Business Strategy.
|Total Funding Amount||$5.3 Billion|
|Investors||Baidu Capital, Tencent, SAIC Motor, Shanghai Pudong Development Bank, PCCW, Shun Tak Holdings, Agile Group Holdings|
WM Motors’ progress in the EV Market
WM Motor currently solely sells its vehicles in China. However, a collaboration deal inked with Enel X of Italy in January 2021 called for expansion into regions such as Europe, Southeast Asia, the Middle East, and South America. (Source)
WM Motor Technology announced in April 2018 that it expanded its manufacturing near Shanghai by 4.3 billion yuan ($685 million). This expansion was in line to offer more cheap vehicles and stay ahead of the competition. The company has a factory in Suzhou that initially produced 50.000 automobiles per year. It was sold straight from the manufacturer without the use of dealers and was delivered to customers’ homes. WM Motors sold 22,495 vehicles in 2020, accounting for 0.11% of the Chinese automotive market. (Source)(Source)
On December 4, 2020, WM Motor has been awarded the Top 500 in the Global Unicorn List for the second time and was placed no. 1 among China’s OEMs. It has been the only brand in the smart EV industry that concentrates on the 150,000-250,000-yuan segment. The company intends to provide smart mobility powered by NEVs to every Chinese family. WM Motor has achieved nine straight month-over-month sales growth by focusing more on technology innovation and user experience. The combined sales of the WM EX5 from January to November 2020 reached 20,000 vehicles, an increase of approximately 30% over the same time the previous year. Making the EX5, the best-selling A-class pure electric SUV manufactured by developing auto manufacturers. (Source)
As published on 16 June 2020, WM Motor has long emphasized the importance of high-quality thermal management and battery management systems (BMS) in EVs for long-term battery capacity stability. WM Motor performs 48 inspection processes for the battery pack alone during servicing to ensure optimal performance in areas such as electrical performance, thermal management, internal and external systems, and mechanical connections. WM Motor has also established mechanical system protection and thermal management capabilities that exceed the industry standard through internal design and development of the battery pack casing and modules. (Source)
The battery testing of WM Motors vehicles also includes an EOL (End-of-Life) prognosis, which determines the current and predicted levels of battery degeneration. Nearly 100 battery performance tests and technical evaluations of elements such as static cell voltage, cell pressure, temperature variations, insulation, high voltage, and DC internal resistance are all part of the EOL prognosis (DCIR). (Source)
The EX5 2.0, the 2019 edition of the EX5 all-electric SUV that debuted in September 2018, was unveiled by WM Motor on April 15, 2019. The EX5 2.0 has been based on three fundamental technologies: the Living Motion electric powertrain; the Living Pilot intelligent driving assistance system, which includes L2 ADAS autonomous driving features such as Adaptive Cruise Control (ACCA), Intersection Collision Avoidance (ICA), Traffic Jam Assist (TJA), and Automatic Parking Assist (APA), as well as eight additional security features; and the Living Engine operating system. (Source)
As published on 9 October 2019, the Smart Mobility Partner (SMP) dealership network of WM Motors assured good sales and distribution coverage while also providing high-quality services to the community. WM Motor has been giving away a free home charger and an emergency charging cable to new customers. The company enhanced its home chargers in Q4 2019 to include IP 67 waterproofing and dust resistance, as well as a charging reservation feature that works via the 4G network. It has also formed a partnership with nine public charger operators. This gives the company access to 110,000 public charging stations in 195 cities across China. (Source)
WM Motor’s patented GETnGO mobility platform. The platform has enabled a one-stop charging experience, from search to payment. The GETnGO platform presently has 1,000 EX5s available for rental in Hainan, China, with hopes to extend to other Chinese cities soon. WM Motor has also been expanding its position in the ride-hailing and ride-sharing industries. These mobility services are likely to grow quickly in the future years. This will put WM Motor in a strong position to gain from the industry’s shift to ‘mobility-as-a-service’ (MaaS). (Source)
Key Technological Areas
WM Motors excels in technological areas such as Service-oriented architecture, Vehicle-to-Grid (V2G) charging technology, and Automated Valet Parking (AVP) technology.
WW motor’s largest step was the delivery of the W6, the country’s first car to use SOA (service-oriented architecture), which hit the market on April 16, 2021. (Source)
In October 2019, WM Motor and China’s State Grid Corporation had formed a strategic collaboration to work together on the development of electric vehicle (EV) charging services and facilities, as well as to encourage the adoption of EVs in China. Vehicle-to-Grid (V2G) technology, which referred to a system in which plug-in electric vehicles connect with the power grid to sell demand response services by either returning electricity to the grid or slowing their charging rate, would benefit EV owners. (Source)
Qualcomm 8155 chipset, 5G connection, seven cameras, five radars, and 12 ultrasonic sensors, as well as L4 Automated Valet Parking (AVP) technology, have been used in WM Motor’s new electric W6 vehicle. (Source) Users of the W6 can program different software and hardware modules, including driver assistance systems, car windows, seats, air conditioners, driving modes, music, and ambiance lamps, using the WM Motor Zhixing app, which is based on SOA (service-oriented architecture) technology. (Source)
By enhancing grid efficiency and stability, V2G bi-directional public EV chargers would assist to relieve some of the load. EVs with V2G technology can operate as “Virtual Power Plants,” providing electricity to the grid as needed and helping to stabilize the grid network by reducing energy supply volatility. In most circumstances, electric vehicle owners would profit from a feed-in tariff for the energy they generate. (Source)
Based on usage circumstances, automated valet parking (AVP) can be classed as HAVP (Home-AVP) or PAVP (Public-AVP). The HAVP has been intended for scenarios with relatively defined parking paths, such as parking spaces at home or work. Before the system can be used for the first time, a driver must demonstrate a complete parking process on his own, allowing 5 sensors of 77GHz millimeter-wave radars, 7 cameras, and 12 ultrasonic radars to collect essential data and upload it to a cloud server. The user would be able to park his automobile in the correct position the next time he uses his phone. Furthermore, the PAVP allows an automobile to be automatically parked in public areas with no fixed routes. (Source)
|Headquarter||Arizona, United States|
|Total Funding Amount||$3 Billion|
|Investors||General Motors, US Department of Energy, CNH Industrial|
Nikola’s progress in the EV Market
Nikola had received a $1.7 million grant from the US Department of Energy on August 7, 2019, to continue the research on fuel cell membrane electrode assembly (MEA). With long-lasting hydrogen technology for commercial transportation, Nikola Motors has made strides toward a zero-emission future. Nikola has been developing a hydrogen fuel cell truck. The company is also collaborating with several partners to build the infrastructure needed to make hydrogen affordable and accessible.
Hydrogen is a clean energy source that is abundant and efficient, with approximately three times the energy density of diesel. It emits zero carbon when used to power a fuel cell electric vehicle (FCEV), with water as the only byproduct. Nikola believes that this strategy overcomes the chicken-and-egg problem that has hampered the commercial trucking industry’s shift to zero-emission hydrogen.
“This award provides an opportunity for the highly talented Nikola team to leverage expertise in academia and exceptional resources within the DOE Fuel Cell Consortium for Performance and Durability to accelerate a breakthrough that would benefit the entire hydrogen and fuel cell industry and community.”-Jesse Schneider, executive vice president, Hydrogen & Fuel Cell Technologies, Nikola. (Source)(Source)
In order to address hydrogen fuel demand for their FCEV electric vehicles and other clients, Nikola Energy Business Unit has been creating and constructing a network of hydrogen fueling stations, including potential charging solutions for BEV electric truck customers, according to a press release dated September 30, 2020. If Nikola’s idea succeeds, it would address some of the most serious disadvantages of hydrogen fuel cells, such as limited fuel availability and a lack of national infrastructure. Nikola’s hydrogen fuel station concept could pave the way for hydrogen infrastructure in the United States. (Source)(Source)
“This is the biggest advancement we have seen in the battery world; we are not talking about small improvements; or about doubling your cell phone battery capacity. We are talking about doubling the range of BEVs and hydrogen-electric vehicles around the world.”– Trevor Milton, CEO, Nikola Motor Company (Source)
Key Technological Areas
Nikola excels in technological areas such as Battery technology and EV charging technology.
Nikola Corporation had announced the specifics of its new battery technology on November 19, 2019. With a material energy density of 1,100 watt-hours per kg and a production cell energy density of 500 watt-hours per kg. The Nikola prototype cell has been the first to eliminate binder material and current collectors. This allows the cell to store more energy. It should also pass nail penetration criteria, lowering the risk of car fires. (Source)
Nikola’s Mobile Charging Trailer (MCT) has helped to get more EV operations done faster. Fixed DC fast charging infrastructure, coordination with power utility providers, smart charging software, networking, permitting requirements, and expected project deadlines are all part of the Company’s charging ecosystem. (Source)
Nikola’s revolutionary EV cell technology has been stated to be recyclable and environmentally beneficial. The new technology would have a good impact on the earth’s resources, landfills, and recycling plants. Whereas traditional lithium-ion cells include harmful and expensive components. With this battery technology, the range of existing electric passenger cars might be increased from 300 to 600 miles with little or no increase in battery capacity or weight. The system was also said to be built to work with current vehicle configurations. Furthermore, after cycling the cells 2,000 times, the end-of-life performance was found to be adequate. (Source)
Electricity has been available for battery-powered vehicles, but charging large batteries for commercial trucks is still an issue. Grid capacity, appropriate recharging periods, and infrastructure for effective operations are just a few of the challenges that still need to be addressed. With Nikola’s mobile charging solutions, the company facilitates the transition to permanent charging infrastructure by consulting their clients along the process. (Source)
The company has established a country-wide expansion plan in the United States. Nikola Corporation stated in 2021 that it would continue to expand its Class 8 truck sales and service coverage in Central and Southern California. With the inclusion of five independent dealers with more than 51 locations in Texas, Arizona, California, Colorado, New Mexico, Florida, Delaware, Virginia, and Maryland. The second phase of a countrywide plan for Class 8 truck sales and servicing coverage was also developed. HOLT Truck Centers (7 sites in Texas), Empire Truck & Trailer (7 locations in Arizona and California), Wagner Equipment Co. (11 locations in Colorado and New Mexico), Ring Power (14 locations in Florida), and Carter are among the new Nikola dealers. (Source)(Source)
In September 2021, IVECO and Nikola opened a joint-venture production facility for electric heavy-duty vehicles in Ulm, Germany. The Nikola Tre electric heavy-duty vehicle manufacturing facility in Germany was shown to the public, with plans to begin production by the end of the year. Nikola intended to construct the Tre Electric Truck for Europe in Germany. Nikola’s European joint venture with IVECO demonstrated that zero-emission long-haul transportation is becoming a reality. With concrete environmental benefits for Europe’s long-distance fleets and citizens. (Source)(Source)
|Headquarter||California, United States|
|Total Funding Amount||$5.8 Billion|
|Investors||China Environmental Fund, Venrock, Saudi Arabia’s Public Investment Fund|
Lucid Motors’ progress in the EV Market
Lucid’s first electric vehicle, the Lucid Air, has been awarded Car of the Year by MotorTrend, beating out a field of 24 major manufacturers. The award recognized Lucid Air’s unmatched combination of efficiency, performance, and luxury. As well as its wholly in-house EV powertrain technology. The Lucid Air model series emphasizes efficiency optimization. The car would include an in-house built motor, power electronics, and battery system. With a stated range of 517 miles and a peak power rating of 1,080bhp from the dual motors.
“Earning this coveted distinction for Lucid Air, our very first car, is a resounding endorsement of our ability to deliver the most advanced electric vehicles in the world, our objective of achieving range through efficiency and technical innovation is crystallized in Lucid Air, and we’re elated that this effort has been recognized by MotorTrend against such formidable competition from well-established automakers.”Peter Rawlinson, CEO/CTO at Lucid Group. (Source)
The Lucid Air had been the outcome of the Lucid Space Concept. A ground-breaking approach to automotive architecture and technical packaging that takes advantage of the miniaturization of Lucid’s in-house built EV drivetrain to maximize internal cabin space. This is built on Lucid Air’s hyper-efficiency concept. It is present in every aspect of the company, from energy efficiency to spatial efficiency. This is to provide an unrivaled combination of range, practicality, performance, and comfort. Lucid Air is the first EV developed from the ground up around the spatial benefits provided by the shrinking of an electric motor and battery pack. (Source)
The Lucid Space Concept has been at the core of the Lucid Electric Advanced Platform (LEAP). It would underpin the Lucid Air and other future Lucid vehicles. It’s a holistic, start-from-the-ground-up approach to advanced EV design, rather than relying on pre-existing “off the shelf” technologies seen in many legacy manufacturers’ EVs. The Lucid Electric Advanced Platform (LEAP) miniaturizes every component in the Lucid’s powertrain while simultaneously setting new performance norms and freeing up space for passengers and freight. It’s the ideal foundation for creating the world’s most adaptable electric SUV. (Source)(Source)
Lucid Electric Advanced Platform (LEAP)
Key Technological Areas
Lucid Motors excels in technological areas such as Battery technology and EV charging technology.
The battery packs in Lucid Motors’ luxury electric vehicle have been designed to last two years. The company has been testing energy storage systems for commercial and residential customers. Additionally, they are looking for ways to repurpose batteries from their electric vehicles. The Lucid vehicles’ battery-cell components are identical to those used for energy storage, making them ideal for “second-life” uses. According to Lucid’s Chief Engineer and Senior Vice President of Product Eric Bach, the company had already built a prototype of a 300-kilowatt hour stationary battery storage system in its engineering lab. (Source)
Lucid battery Pack
Lucid Motors stated that the Lucid Air would be the quickest charging electric car ever produced. This new charging speed record has been made possible by an ultra-high 900V electrical architecture, custom lithium-ion battery cells, a very complex battery and thermal operating system, and the Lucid Air’s incomparable engine efficacy. This efficiency has a direct and incalculable impact on Lucid Air’s charge rate. Determining the rate of mileage as distinct from the rate of energy flow. (Source)
Lucid Wunderbox- Battery Charger of Lucid Air
The built-in ‘Wunderbox’ on the Lucid Air is an incredible beast of a battery charger. The Lucid Air would be the quickest charging electric vehicle ever produced, with charging rates of up to 20 miles per minute. Owners charging their Lucid Air in real-world conditions on the road can achieve 300 miles of range in just 20 minutes. Aside from speed, it is compatible with almost any public charging station and has bi-directional capabilities. (Source)
Lucid’s batteries were designed to be used in a variety of electric vehicle and energy storage products, including second-life applications. The lithium-ion battery that powers electric cars and trucks has a hard life. Irregular charging and discharging rates, high temperatures, and a high number of partial charge cycles cause these batteries to degrade in the first five to eight years of use. They eventually end up in a recycling facility.
Instead of recycling batteries for raw material recovery and losing unrealized value, automakers are exploring ways to reuse batteries as part of a small but growing market. Before sending the battery to a recycler, automakers may be able to generate additional revenue by reusing it or selling it to a third party. OEMs such as Lucid Motors are incorporating reuse principles into the design of their batteries. (Source)
Lucid Motors Market
On September 25, 2018, Lucid Motors and Electrify America agreed to provide Lucid customers with a countrywide charging plan in America. Electrify America had planned to deploy or have under construction approximately 2,000 DC ultra-fast chargers at nearly 500 locations in metro and highway areas across 40 states and 17 major cities by the end of June 2019.
Lucid Motors would open 20 Lucid Studios and Service Centers across North America through 2021, with the first ones opening in Silicon Valley, Los Angeles, San Jose, Miami, West Palm Beach, and New York City. Lucid has a flagship facility in Casa Grande, Arizona, where the company started commercial production in September 2021. The facility is currently able to produce 34,000 vehicles per year with further expansion planned over the next few years. (Source)(Source)(Source)
Lucid announced on November 17, 2021, that it plans to develop factories in the Middle East and China around the year 2025. The world’s largest auto market is in China, and EV pioneer Tesla constructed a facility there in 2019. As the market for new energy cars becomes more favorable, several Chinese EV start-ups, such as Xpeng Motors, Li Auto, and NIO, are attempting to gain consumer attention as the Chinese market increasingly grows favorable to the new energy vehicles. (Source)
|Headquarter||California, United States|
|Total Funding Amount||$1.2 Billion|
|Investors||Cowen Group, Mike Dorsey, Hercules Capital, Generation Investment Management, Daimler, Tao Capital Partners|
Proterra’s progress in the EV Market
Over the previous decade, Proterra has built a solid reputation for creating and supplying batteries, buses, and charging infrastructure. Proterra Transit’s electric buses have traveled over 20 million miles in a variety of climates, circumstances, elevations, and terrains, establishing itself as the market leader in the United States electric transit bus market, according to the National Transit Database, with over 50% market share of deliveries between 2012 and 2019. Proterra reported on June 10, 2015, that the company’s new Catalyst bus had broken records for efficiency, gradeability, weight, and acceleration after completing structural testing at the Altoona Bus Research and Testing Center, the transportation industry’s gold standard. At 22 MPGe, the Proterra Catalyst was the most fuel-efficient 40-foot transit bus ever. (Source)
Proterra electric vehicles have been designed with the following features in mind: safety, efficiency, acceleration, range, durability, and a comfortable ride. Proterra has developed a lightweight vehicle body made of an impact- and corrosion-resistant carbon-fiber-reinforced composite material. The long-lasting architecture extends the life of the vehicle while reducing repair and maintenance costs. With up to 675 kWh of energy onboard, the Proterra bus body is also significantly lighter than its steel competitors, allowing for more battery weight to be added for enhanced range. In the transit bus market, a high power-to-weight ratio also helps to the best acceleration. (Source)
Proterra Electric Bus Design
On April 28, 2016, Proterra had been awarded the Gold Winner for innovation in Electric Energy & Propulsion Systems at the Edison Awards, which honors the best in innovation and quality in the development of new products and services.
“We are honored to be the Edison Award champion in our category and salute our fellow silver and bronze winners, ChargePoint and Caterpillar, as communities reduce dependency on fossil fuels and adopt zero-emission, battery-electric transit that provides clean, quiet transportation for all, this Edison Award further recognizes the strong market demand for EVs and the momentum to create a healthier planet.”– Ryan Popple, CEO at Proterra (Source)
As of December 31, 2020, Proterra Powered had provided battery systems and electrification solutions to 130 OEM partner clients.
Proterra delivers electrification technology and equipment that has enabled the company to set the world record for electric vehicle range and now powers other medium and heavy-duty commercial vehicles. Vehicle manufacturers may collaborate with Proterra to convert their commercial vehicles into high-performance vehicles. The company provides comprehensive vehicle electrification solutions, ranging from original design consultancy, engineering services, and integration to service support, training, and charging infrastructure installation. (Source)
In partnership with Optimal Electric Vehicles, LLC, Proterra Inc announced on June 29, 2021, that ten transit agencies have been awarded Federal Transit Administration (FTA). Low or No Emission Proterra electric transit vehicles, charging infrastructure, and Proterra Powered low-floor shuttles are also part of the program. Proterra’s battery systems powering over 650 vehicles on the road today have been proven over 20 million service miles driven by the company’s all-electric transit buses and selected by world-class commercial vehicle manufacturers. (Source)
Key Technological Areas
The company excels in technological areas such as Battery technology, Drivetrain technology, and EV charging technology.
Proterra batteries have been designed specifically for commercial use, with over 20 million miles of service in heavy-duty mass transit applications. These batteries are built from the ground up for commercial use, with industry-leading energy density for maximum range, a versatile design that fits into a wide range of vehicles, and ruggedized commercial grade housing that can handle tough situations. (Source)
Proterra Powered Battery
Proterra’s battery technology is modular in design. This allows it to be easily customized into megawatt-hour scale systems that may be installed in several heavy-duty vehicle chassis. To give a wide range of capacity and packaging options for different types of electric cars, up to 4 four packs can be connected in series and up to 16 packs can be connected in parallel. Due to their versatile design, Proterra EV batteries are the finest choice for commercial vehicles ranging from transit buses and trucks to delivery vehicles, construction equipment, and more. With pack architecture that allows for a stacking design in storage systems and materials that are appropriate for tough outdoor environmental conditions. Proterra batteries are designed with second-life applications and recycling in mind. (Source)
Proterra’s high-performance drivetrains have been built exclusively for heavy-duty applications and feature industry-leading efficiency for the longest range. The company’s popular ProDrive and DuoPower drivetrains offer maximum efficiency. They effortlessly move heavy-duty electric vehicles up steep hills, which are used in Proterra Powered vehicles, including Proterra’s electric transit buses. (Source)
Proterra Electric Drivetrain-ProDrive and DuoPower
Proterra’s electric drivetrains have fewer moving parts than a combustion engine, resulting in easier maintenance and lower running expenses. Proterra created its new electric powertrain system after discovering that many of the available technologies for motors and transmissions in the marketplace were not powerful enough to match the performance of a diesel-powered drivetrain throughout the years. (Source)(Source)
The Proterra charging systems have been more reliable, compact, and cost-effective than ever before, owing to a multi-dispenser charging solution that allows Proterra charging systems to have many low-profile charging dispensers combined with a single Power Control System (PCS). These high-power charging systems, which come in a variety of power levels up to 1.5 MW, could also charge numerous vehicles at the same time from a single charger. (Source)(Source)
Proterra multi-dispenser charging solution
The multi-dispenser charging system minimizes the cost of infrastructure for consumers by requiring less hardware and equipment to install. It also minimizes the amount of space required for charging systems, which is ideal for depots and parking lots with limited space. With up to four dispensers per PCS, the multi-dispenser charging solution allows for automatic, consecutive vehicle charging. Sequential charging allows numerous automobiles to be charged at full power one after the other. (Source)
Its vehicles have become the most popular electric buses on the road in North America as major cities migrate to 100% electric fleets. The company has sold 1,000+ buses to 130+ customers throughout 43 U.S. states and Canadian provinces in its more than ten years of expertise delivering heavy-duty electric transit vehicles. With locations in Silicon Valley and South Carolina, Proterra products are proudly designed, built, and manufactured in the United States. (Source)(Source)
|Total Funding Amount||$861.2 Million|
|Investors||Matrix Partners India, Tiger Global Management, SoftBank, Pawan Munjal Family Trust, Alpha Wave Global, SoftBank, Temasek Holdings|
OLA Electric’s progress in the EV Market
India is one of the fast-growing economies and has hopped on the EV trend wagon. Ola Electric is one of few companies that provide two-wheeler EVs and after witnessing the demands and sales of OLA scooters the prospect looks good for the startup.
The company acquired Amsterdam-based startup, Etergo to leverage its design and engineering capabilities to build its smart electric two-wheeler for International and Indian markets. (Source)
OLA electric released its S1 and S1 pro scooter in August 2021.
Ola scooter has a strong reputation for sustainability and design innovation. Fluid design, superior alloy wheels, robust grab rail for safety, sculpted seating, ten attractive colors, and substantial boot space, such as in the company’s Ola S1 with 36L of boot space, are all features of Ola electric’s design. (Source)
“The fact that we have to convert mobility to electric is clear and the only way electric revolution will happen is if you build at scale. This business cannot be disrupted by selling 2,000 vehicles a year. We believe we have an opportunity to put India on the world map. That is the reason why we are building a mega factory.
The question of how we will find demand- this will happen if we build the right products. Our first product will be a couple of generations ahead of anything built in the market. With products, cost, and scale, you can enable mass adoption, we are building our own battery packs. We are building our own design, we’re designing engineering, and manufacturing our own battery packs for designing, engineering, and manufacturing our own motors. And we’ll also make all software. So, it’s a much more vertically integrated technology.”– Bhavish Aggarwal, Chairman & Group CEO, Ola. (Source)
Key Technological Areas
Ola Electric excels in technological areas such as Charging technology and Digital technologies.
The Ola Hypercharger Network is a multilevel charging and parking system that is automated. Ola would provide its electric vehicle customers with the most comprehensive set of charging choices through a combination of extensively deployed high-speed Ola Hyperchargers and a home charger that is included with the Ola Scooter. (Source)(Source)
Digital key, mood and widgets, flash forward, multiple profiles, smart navigation, and voice control are among Ola electric’s digital technologies. (Source)
The Ola Hypercharger Network would be the world’s largest and most dense network of electric two-wheeler charging stations. Ola Hypercharger would also be the fastest charging network for two-wheelers. The Ola Scooter can be charged to 50% capacity in just 18 minutes and has a range of 75 km. Ola Hyperchargers would be widely distributed across cities. With standalone towers located in city centers and dense business districts, as well as in popular locations such as malls, IT parks, office complexes, cafes, and more. Ensuring that Ola Electric customers have access to a Hypercharger at all times. (Source)
A digital key is a smartboard sensor that gives an automatic keyless experience, while Moods and Widgets customize the look, feel, and sound to the user’s preferences. Multiple profiles create uniquely customized profiles, and Flash Forward is an app built for rapid interactions. Voice Control is a unique AI speech recognition system, and Smart Navigation provides seamless navigation and charge station recommendations. (Source)
Ola Electric Future Plans
Ola’s charging network would span India, with over 100,000 charging stations spread across 400 cities. Ola would install over 5,000 charging points across 100 cities in India in the first year alone. More than doubling the country’s existing charging infrastructure as of April 22, 2021. (Source)
The world’s biggest, most innovative, and most sustainable two-wheeler factory, Ola FutureFactory, is now under development on a 500-acre site in Tamil Nadu, India. According to an Ola statement, at peak capacity, the factory would produce one scooter every two seconds, for a total of 10 million scooters per year. By 2022, the ‘Ola FutureFactory’ would be operating. Ola Electric has been also working on a plan to set up a cell manufacturing plant near Bengaluru to power its lithium-ion battery. Currently, all of the battery cells are imported, if it is implemented, it might be one of the first few Indian firms to do so. (Source)(Source)
|Headquarter||England, United Kingdom|
|Total Funding Amount||$629.4 Million|
|Investors||BlackRock Innovation Capital, Hyundai Motor Company|
Arrival’s progress in the EV Market
Arrival’s revolutionary sustainable designing approach has focused on recyclability over the vehicle life cycle. Polypropylene plastic body panels have been one of the company’s many revolutionary techniques. These panels are less time-consuming and easier to mold than metal panels, and they are also created in their final color. This means that the paint shop could be removed from the production line, saving space and time during vehicle assembly.
According to a report, Arrival has claimed its vertical integration as a competitive edge. Many competitors employed branded core components according to Arrival to save money on R&D, but Arrival has claimed that this could result in components costing the OEM more over the life of the supply agreement. Arrival’s strategy involves designing most of the fundamental components in-house, and the business anticipates 60% of its forthcoming electric van’s components to be vertically integrated. Arrival’s unique composite materials are low-cost, lightweight, and strong. As a result, any vehicle maintenance that is required is easier and more cost-effective. (Source)(Source)
As of May 16, 2020, Arrival launched its first micro-factory in the UK. It has distinguished itself from its competition by opting for a Microfactory strategy. Arrival vehicles have been manufactured in Microfactories with small footprints and affordable costs. Instead of the usual automotive production line, micro-factories use a revolutionary cell-based assembly process.
They can be swiftly deployed by utilizing existing commercial space and creating any sort of vehicle to fulfill demand. These facilities are smaller, less expensive, and faster to put up than a full-scale factory, and they could be constructed near their end consumers. This technique, according to Arrival, has allowed the company to be more flexible than its competitors, and better equipped to alter in response to customer needs. (Source)(Source)(Source)
“With Arrival’s products, our clients are not forced to compromise between being green and being cost-efficient. Our focus on the whole EV ecosystem, new methods of design and production, and our enabling technologies are the key to driving down the cost of EVs and accelerating the transition to zero-emission transportation globally,”– Denis Sverdlov, Founder and CEO at Arrival (Source)
Key Technological Areas
Arrival excels in technological areas such as autonomous driving technology, skateboard motor technology, robotic assembly technology, and material technology in the production process.
Arrival’s autonomous driving system (ADS) has successfully completed a live demonstration in a fully functional parcel depot, on August 2, 2021. All of the operations that a commercial fleet driver performs on a regular basis were completed autonomously by the vehicle. (Source)
In depots, the ADS devices boost safety and efficiency. As part of Robopilot, a project aimed at improving market understanding, functionality, and public perception of autonomous driving systems, Arrival has been developing autonomous driving features for the Arrival Van. After that, the technology could be adapted for the planned rollout of all Arrival Vehicles, such as the Arrival Bus and Arrival Car. (Source)
Arrival has developed components, environmentally friendly materials, and software to assist commercial fleet operators in customizing their cars and operations. Arrival’s fundamental components are all plug-and-play and fit into a 10 by 10 skateboard design grid. (Source)(Source)
Robotic Arm Surrounding Arrival modular skateboard platform
Arrival’s unique skateboard platforms enable the creation of vehicles of any weight, type, size, or shape to meet customer needs. These are subsequently deployed at Arrival’s Microfactories near areas of demand throughout the world. (Source)
From the company’s components to vehicle platforms, every step of the production process at Arrival has been engineered for robotic assembly technology. Within the Microfactories, each component has been brought together in a single, smart production cell. (Source)
Robotic Assembly technology in Arrival Microfactories
Arrival’s creation of innovative robotic assembly technology with a small footprint has allowed the company to produce highly customized vehicles at lower costs even in low volumes. (Source)
Arrival Composite Material
Arrival’s material technology used in production includes a special composite material used to make Arrival’s vehicles. The material is lightweight, resilient, and recyclable, reducing the vehicle’s environmental effect. (Source)
The composite material has been 50% lighter than steel, but it’s still strong and resistant to harm. By eliminating the usage of sheet metal, complicated stamping and welding processes were eliminated during the manufacturing process. Everything has been molded and sculpted to make the vehicle. This allowed it to manufacture any style of vehicle quickly and easily. (Source)
On September 15, 2021, Arrival announced its best-in-class Van’s arrival in Amsterdam, Netherlands. In the last four months, Arrival has expanded its presence across Europe. Taking the Arrival Van to nine countries: Germany, France, Italy, Spain, Portugal, Switzerland, Norway, the Netherlands, and Sweden. The Arrival Van would be rolled out across many of these European cities as part of the company’s recent LeasePlan cooperation announcement. This plan has been based on an initial order of 3,000 vans. Arrival’s Microfactories would enable local production in cities around Europe while also benefiting the community.
Arrival had announced the establishment of its North American headquarters in Charlotte on December 9th, 2020, and stated the company’s aim to engage with the city. On March 17, 2021, the company announced plans to build its first U.S. Microfactory in York County and a second microfactory in West Charlotte. (Source)(Source)(Source)
“I think the Indian market is extremely important, It’s very market unique in terms of size. Pricing for the product and the certification for the product is very much different than what we’re used to seeing in Europe or the United States. For us it’s an extremely important step because this enables us to create vehicles which can be successful in countries like in Asia and India and so on, so for us, it’s a big, big step.”– Denis Sverdlov, CEO at Arrival (Source)
Electric vehicle startups around the world are in a cut-throat competition. With every startup from China to the US developing unique EV charging technologies we can see the EV landscape changing for real. Charging has been a major issue in EVs and many other startups too have been innovating in the domain. To get a complete idea of the EV landscape it is important to know what’s already in the development stage and which companies and startups are working on it.
This is why we have compiled a list of all the EV startups worth knowing about in our exclusive report. The report enlists all the EV startups you should know about along with their recent innovations and market developments. Want to get your hands on it? Just fill out the form below and we’ll deliver it right to your inbox.
Authored By: Vipin Singh, Market Research
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