Electric vehicle start-ups get charged up on $2 billion funding in 2016
Funding to electric vehicle start-ups saw a large 182% growth in 2015 as funding grew to $920 million from just $326 million in 2014.
These start-ups include those working on powertrain components to electric vehicle charging infrastructure and new OEMs looking to compete with electric vehicle companies.
Investors have also backed a healthy variety of other startups this year, such as electric bus maker Proterra ($70 million Series B), charging network and app ChargePoint ($50 million Series F), and wireless charging tech developer Evatran ($12.3 million across two rounds), said the report.
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