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Electric Vehicles Report – October 2016
Tracxn
World’s Largest Startup Research Platform
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Electric Vehicles Report – October 20163
Contents
Topic Page No.
Scope of Report 04
Entrepreneur Activity 06
Investment Trend 08
Who is Investing 17
Exit Outlook - IPO, Acquisitions 21
Sub Sector Analysis 24
Interesting Companies 39
Useful Links 46
Company List 50
Team 215
Electric Vehicles Report – October 20164
Sector Overview
Scope of report
This report covers companies focusing on providing technology solutions for sustainable and energy-efficient transportation. These
companies help in promotion and adoption of electric vehicles.
The report excludes traditional automakers such as Daimler, Toyota, Renault-Nissan, General Motors, BMW, Mitsubishi, Ford, Audi, etc.
which also develop electric vehicles. The conglomerates like Panasonic, LG Chem and Samsung which are leading battery manufacturers
are also excluded from the scope of the report.
The scope of this report includes equity as well as debt funding received by the companies.
Business Model Description
Automaker
Companies focused on developing and manufacturing electric vehicles. These include companies which develop
electric cars, electric two-wheelers, electric commercial vehicles such as trucks and buses and electric personal
transport equipment such as electric longboards.
Components
Companies focused on developing components for the electric vehicles and working towards improvement of
the technology powering these components. These include companies working on developing efficient electric
and hybrid drive systems, batteries, motors and power electronics for electric vehicles.
Charging Solutions
Companies working towards developing charging infrastructure to support electric vehicles and assist in mass
adoption of the these vehicles. These companies focus on setting up the charging network and develop plug-in
and wireless charging systems for residential, commercial and public applications.
Vehicle-as-a-service Companies providing electric vehicle sharing solutions resulting in increased adoption of electric vehicles.
Electric Vehicles Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
5
Electric Vehicles Report – October 2016
122
106
102
114
138
116
19
0
32
64
96
128
160
2010 2011 2012 2013 2014 2015 2016
NumberofCompanies
6
YoY – Number of companies founded
Gogoro Ninebot Ather Energy NextEV WM Motor CoupVIA Motors
Torrot Electric StoreDot Evercar Niu Chehejia NextenergylabsVolta Charging
Electric Vehicles Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
7
Electric Vehicles Report – October 20168
YoY – Number of Rounds and Total Funding
Note: The funding includes debt and post IPO rounds also.
$0.6B
$1.5B
$1.2B
$1.3B
$1.0B
$0.3B
$0.8B
$1.1B
$3.7B
25
39
59
65
61
69
83
102
63
0
24
48
72
96
120
0.0
0.8
1.6
2.4
3.2
4.0
2008 2009 2010 2011 2012 2013 2014 2015 2016
NumberofRounds
FundingAmount(inBillions)
Funding Amount Number of Rounds
Electric Vehicles Report – October 20169
YoY – Number of Rounds by Stage
12
21
26
20 21
11
27
23
27
44
56
39
11
10
5
11
7
6
0
18
36
54
72
90
2011 2012 2013 2014 2015 2016
NumberofRounds
Seed Early Late
Electric Vehicles Report – October 201610
YoY – Funding by Stage
$13M $50M $13M $9M
$68M
$6M
$435M
$124M
$106M
$261M
$863M
$1.3B
$693M
$791M
$40M
$475M
$87M
$100M
0
320
640
960
1280
1600
2011 2012 2013 2014 2015 2016
TotalFundingAmount(inMillions)
Seed Early Late
Electric Vehicles Report – October 201611
Average Ticket Size – Early Stage
$1.2M $2.1M $0.7M $0.7M
$1.7M $0.8M
$10.7M
$4.8M $5.1M $6.5M
$33.1M
$90.6M
$38.1M
$15.3M
$7.5M
$8.5M
$16.1M
$8.5M
0.0
20.0
40.0
60.0
80.0
100.0
2011 2012 2013 2014 2015 2016
FundingAmount(inMillions)
Seed Series A Series B
Electric Vehicles Report – October 201612
Top investments in last one year
Company
Funding
Amount
Round
Name
Date Investors
teslamotors.com
Tesla Motors
(Palo Alto, 2003)
$1.5B Post IPO May-2016
wm-motor.com
WM Motor
(Shanghai, 2015)
$1B Series A Aug-2016
nextev.com
NextEV
(Shanghai, 2014)
$500M Series A Sep-2015 Sequoia Capital, Joy Capital
byd.com
BYD
(Shenzhen, 1995)
$450M Series G Jul-2016 Samsung
teslamotors.com
Tesla Motors
(Palo Alto, 2003)
$300M Debt Sep-2016 Deutsche Bank
gogoro.com
Gogoro
(Taipei, 2011)
$130M Series B Nov-2015 Panasonic, National Development Fund
chehejia.com
Chehejia
(Beijing, 2015)
$120M Series A May-2016 Leo Group, Source Code Capital, FutureCap
proteanelectric.com
Protean Electric
(Troy, 2009)
$70M Series D Jul-2016
Oak Investment Partners, Zhejiang VIE Science & Technology, Tianjin THSG
Corporation, GSR Ventures
Electric Vehicles Report – October 201613
Top investments in last one year
Company
Funding
Amount
Round
Name
Date Investors
chargepoint.com
ChargePoint
(Campbell, 2007)
$50M Series F May-2016 Braemar Energy Ventures, Constellation, Statoil, Envision Ventures, Linse Capital
phinergy.com
Phinergy
(Lod, 2008)
$50M Series A Jan-2016 Alcoa
xiaopeng.com
Xiaopeng
(Guangzhou, 2015)
$42M Series A Mar-2016
torrot.com
Torrot Electric
(Barcelona, 2011)
$26M PE Feb-2016 Black Toro Capital
tsinova.com
TSINOVA
(Beijing, 2014)
$23M Series B Aug-2016 Tsinghua Holdings Capital
chargerlink.com
ChargerLink
(Shenzhen, 2014)
$20M Series A Feb-2016
whill.us
Whill
(San Francisco, 2012)
$18M Series B May-2016 Eight Roads Ventures
addenergietechnologies.co
m
AddEnergie
(Quebec City, 2009)
$13M Series A Apr-2016 CDPQ, Investissement Quebec
Electric Vehicles Report – October 201614
Funnel view of Sector
Percent of
Previous
18%
64%
38%
74
34
60
156
244
1329
0 280 560 840 1120 1400
M&A & IPO
Late
Series B
Series A
Funded
Founded
Number of Companies
Electric Vehicles Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
16
Electric Vehicles Report – October 201617
Most Active Investors in Sector
15
12
11
8
7 7
6 6
5 5
0
3
6
10
13
16
KPCB California
Energy…
GSR
Ventures
Department
of Energy (US)
Draper Fisher
Jurvetson
Oak Investment
Partners
Sequoia
Capital
Vision Ridge
Partners
500 Startups Angeleno
Group
TotalNumberofRounds
Fisker
Automotive
Tesla Motors Boston Power Tesla Motors Tesla Motors Boston Power TwoWheelsCar Proterra Whill
Coda
Automotive
Proterra
Zero
Motorcycles
TwoWheelsCar XL Hybrids Think Global Protean Electric NextEV Scoot Networks
Volta
Charging
Miles Electric
Vehicles
Electric Vehicles Report – October 201618
Where are Top Investors investing
Electric Vehicles Report – October 201619
Top Investor by Stage of Entry
Electric Vehicles Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
20
Electric Vehicles Report – October 201621
Top IPOs
IPO Date Company Overview
Funding
Amount
Exch:Ticker
Jan-2016 energicasuperbike.c
om
Energica Motor
Company
(Modena, 2010)
All-electric motorcycle manufacturer
BIT: EMC
Dec-2013 aleees.com
Aleees
(Taoyuan City, 2005)
Lithium battery cathode materials and electric buses
GSR Ventures, GRC SinoGreen Fund GTSM:5227
Jun-2013 eon-motors.com
Eon Motors
(Malijai, 2009)
Manufacturer of electric cars
EDF Energies Nouvelles $1.8M EPA:MLEMG
Dec-2012 echoautomotive.co
m
Echo Automotive
(Scottsdale, 2008)
Electric motors and batteries for plug-in hybrid vehicles
$200K OTCMKTS:ECAU
May-2011 t3motion.com
T3 Motion
(Costa Mesa, 2006)
Personal transportation provider for Police and Security
OTCMKTS:TTTM
Jul-2010 teslamotors.com
Tesla Motors
(Palo Alto, 2003)
Electric Sport Cars
Deutsche Bank, Draper Fisher Jurvetson, J.P. Morgan, Technology Partners, DFJ Growth,
Compass Technology Partners, VantagePoint Capital Partners, Capricorn, Department of
Energy (US), Westly Group, Aabar Investments, Panasonic, Daimler, SDL Ventures,
Toyota Motor Corporation, Think Big Partners, Fjord Advisors, Valor Equity Partners, Juvo
Capital, Darwin Ventures, Draper Associates, DBL Partners, California Air Resources
Board, California Energy Commission
$2.06B NASDAQ:TSLA
May-2010 envisionsolar.com
Envision Solar
(San Diego, 2006)
Offers solar trees for parking lots and solar EV charging solutions
Silicon Valley Bank $4.6M OTCMKTS:EVSI
Electric Vehicles Report – October 201622
Major Acquisitions in last one year
Electric Vehicles Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
23
Electric Vehicles Report – October 201624
October 2016Tracxn BlueBox : Electric Vehicles
1300+ companies in the sector, 208 funded in last 5 years, $4.89B invested in 2015/16 (YTD)
Electric Vehicles Report – October 201625
Top Business Models by Funding
$7.0B
$2.3B
$1.2B
$21M $6M
0
1600
3200
4800
6400
8000
Automaker Components Charging Solutions Vehicle-as-a-service Conversion Kits
TotalFundingAmount(inMillions)
# Cos. 778 198 245 49 21
Avg. Age May-07 Sep-04 Jan-09 Sep-11 -
Tesla Motors BYD Better Place Evercar Superpedestrian
Fisker Automotive Boston Power ChargePoint Scoot Networks Mellow Boards
Electric Vehicles Report – October 2016
Automaker – Business Model Description
26
Electric Vehicles Report – October 201627
Automaker – Entrepreneur Activity and
Investment Trend
Electric Vehicles Report – October 201628
Automaker – Most Funded Companies
Electric Vehicles Report – October 2016
Components – Business Model Description
29
Electric Vehicles Report – October 201630
Components – Entrepreneur Activity and
Investment Trend
Electric Vehicles Report – October 201631
Components – Most Funded Companies
Electric Vehicles Report – October 2016
Charging Solutions – Business Model Description
32
Electric Vehicles Report – October 201633
Charging Solutions – Entrepreneur Activity and
Investment Trend
Electric Vehicles Report – October 201634
Charging Solutions – Most Funded Companies
Electric Vehicles Report – October 2016
Vehicle-as-a-service – Business Model Description
5
35
Electric Vehicles Report – October 201636
Vehicle-as-a-service – Entrepreneur Activity and
Investment Trend
Electric Vehicles Report – October 201637
Vehicle-as-a-service – Most Funded Companies
Electric Vehicles Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
38
Electric Vehicles Report – October 201639
Interesting Unfunded Companies
Company Overview
Business
Model
eforce.ch
E-Force One
(2001, Fehraltorf)
All-electric commercial heavy-duty trucks
Automaker > Commercial Vehicles
tanktwo.com
Tanktwo
(2012, Vantaa)
Battery technology for electric vehicles
Components > Batteries
nanoflowcell.com
nanoFlowcell
(2013, Vaduz)
Flow cell drive technology based electric vehicles
Automaker > Cars
Curated list of companies by the sector analyst are defined as Interesting
Electric Vehicles Report – October 201640
Interesting Series A Companies
Electric Vehicles Report – October 201641
Interesting Series A Companies
Electric Vehicles Report – October 201642
Interesting Series B Companies
Electric Vehicles Report – October 201643
Interesting Late Stage Companies
Electric Vehicles Report – October 201644
Top Funded Deadpooled Companies
Electric Vehicles Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
45
Electric Vehicles Report – October 201646
Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Top investments Investment Trend Link
Top IPOs Exit Outlook - IPO, Acquisitions Link
Major Acquisitions Exit Outlook - IPO, Acquisitions Link
Automaker – Most Funded Companies Sub Sector Understand Link
Components – Most Funded companies Sub Sector Understand Link
Charging Solutions – Most Funded Companies Sub Sector Understand Link
Vehicle-as-a-service – Most Funded Companies Sub Sector Understand Link
Top Funded Deadpooled Companies Companies Link
Electric Vehicles Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
48
Electric Vehicles Report – October 201649
Electric Vehicles – Company List
Automaker Components Charging Solutions Vehicle-as-a-service Conversion Kits
304 FUNDED COMPANIES AND 1025 UNFUNDED COMPANIES
COVERS THE FOLLOWING SECTORS
Electric Vehicles Report – October 201650
Automaker (1/98)
Company Overview Business Model Total Funding
TSINOVA
(2014, Beijing)
Intelligent travel equipment and smart bicycle manufacturer
IDG Capital Partners, China Growth Capital, Tsinghua Holdings Capital,
Banyan Capital
Bicycles $44M
YunMake
(2013, Hangzhou)
Smart bike maker
Qualcomm Ventures, ZhenFund, Shunwei, Foxconn Electronics,
RiceBank, Ginkgo Valley Capital
Bicycles $1.6M
Gi FlyBike
(2014, Cordoba)
Folding electric bicycle
Incutex Bicycles $1.4M
NoteBike
(2014, Hangzhou)
Electric bikes manufacturer
Ginkgo Valley Capital Bicycles $785k
EVELO
(2011, New York City)
Electric bicycles developer
Seedinvest Bicycles $750k
Faraday Bicycles
(2012, San Francisco)
Electric bicycles maker
Maiden Lane Bicycles $477k
Rad Power Bikes
(2007, Seattle)
Electric bicycle
Bicycles $320k
CosWheel
(2015, Shenzhen)
Developer of foldable electric bicycle
Bicycles $306k
Go to BM List >> Components
Electric Vehicles Report – October 201651
Automaker (2/98)
Company Overview Business Model Total Funding
JIVR Bike
(2012, London)
Sleek folding electric bike
Bicycles $290k
Defiant Bicycles
(2011, Minnesota)
Electric fat-tire bicycles
Bicycles $200k
Electric Bike Technologies
(2012, Philadelphia)
Development of electric bicycles and its components
Bicycles $73.4k
SPERO E-bike
(2016, Coimbatore)
Electric bicycle developer
Bicycles
Sevenstar
(2001, Wuxi)
Electric bicycle developer
Bicycles
Iuvo
(2008, Taichung)
Pedelecs for urban commute
Bicycles
Leisger
(2003, Hannover)
Electric city bicycles
Bicycles
OvO Bike
(2009, Paris)
Electric bicycles
Bicycles
Go to BM List >> Components
Electric Vehicles Report – October 201652
Automaker (3/98)
Company Overview Business Model Total Funding
Lohas Vehicle
(1996, Jinhua)
Developer of electric bicycles
Bicycles
Biktrix
(2014, Saskatoon)
Mid-drive electric fat bikes
Bicycles
EcoBounce
(2014, London)
Electric bicycles developer
Bicycles
Sondors eBike
(2015, Malibu)
All-terrain electric bicycles
Bicycles
Tucano Bikes
(2004, Barcelona)
Lithium battery powered bicycles
Bicycles
Freeel
(2011, Barcelona)
Developer of electric bicycles
Bicycles
UUALK
(2012, Sabadell)
Developer of pedelecs
Bicycles
Goccia Bike
(2010, Szentendre)
Developer of electric bicycles
Bicycles
Go to BM List >> Components
Electric Vehicles Report – October 201653
Automaker (4/98)
Go to BM List >> Components
Electric Vehicles Report – October 201654
Automaker (5/98)
Go to BM List >> Components
Electric Vehicles Report – October 201655
Automaker (6/98)
Go to BM List >> Components
Electric Vehicles Report – October 201656
Automaker (7/98)
Go to BM List >> Components
Electric Vehicles Report – October 201657
Automaker (8/98)
Go to BM List >> Components
Electric Vehicles Report – October 201658
Automaker (9/98)
Go to BM List >> Components
Electric Vehicles Report – October 201659
Automaker (10/98)
Go to BM List >> Components
Electric Vehicles Report – October 201660
Automaker (11/98)
Go to BM List >> Components
Electric Vehicles Report – October 201661
Automaker (12/98)
Go to BM List >> Components
Electric Vehicles Report – October 201662
Automaker (13/98)
Go to BM List >> Components
Electric Vehicles Report – October 201663
Automaker (14/98)
Go to BM List >> Components
Electric Vehicles Report – October 201664
Automaker (15/98)
Go to BM List >> Components
Electric Vehicles Report – October 201665
Automaker (16/98)
Go to BM List >> Components
Electric Vehicles Report – October 201666
Automaker (17/98)
Go to BM List >> Components
Electric Vehicles Report – October 201667
Automaker (18/98)
Go to BM List >> Components
Electric Vehicles Report – October 201668
Automaker (19/98)
Go to BM List >> Components
Electric Vehicles Report – October 201669
Automaker (20/98)
Go to BM List >> Components
Electric Vehicles Report – October 201670
Automaker (21/98)
Go to BM List >> Components
Electric Vehicles Report – October 201671
Automaker (22/98)
Go to BM List >> Components
Electric Vehicles Report – October 201672
Automaker (23/98)
Go to BM List >> Components
Electric Vehicles Report – October 201673
Automaker (24/98)
Go to BM List >> Components
Electric Vehicles Report – October 201674
Automaker (25/98)
Go to BM List >> Components
Electric Vehicles Report – October 201675
Automaker (26/98)
Go to BM List >> Components
Electric Vehicles Report – October 201676
Automaker (27/98)
Go to BM List >> Components
Electric Vehicles Report – October 201677
Automaker (28/98)
Go to BM List >> Components
Electric Vehicles Report – October 201678
Automaker (29/98)
Go to BM List >> Components
Electric Vehicles Report – October 201679
Automaker (30/98)
Go to BM List >> Components
Electric Vehicles Report – October 201680
Automaker (31/98)
Go to BM List >> Components
Electric Vehicles Report – October 201681
Automaker (32/98)
Go to BM List >> Components
Electric Vehicles Report – October 201682
Automaker (33/98)
Go to BM List >> Components
Electric Vehicles Report – October 201683
Automaker (34/98)
Go to BM List >> Components
Electric Vehicles Report – October 201684
Automaker (35/98)
Go to BM List >> Components
Electric Vehicles Report – October 201685
Automaker (36/98)
Go to BM List >> Components
Electric Vehicles Report – October 201686
Automaker (37/98)
Go to BM List >> Components
Electric Vehicles Report – October 201687
Automaker (38/98)
Go to BM List >> Components
Electric Vehicles Report – October 201688
Automaker (39/98)
Go to BM List >> Components
Electric Vehicles Report – October 201689
Automaker (40/98)
Go to BM List >> Components
Electric Vehicles Report – October 201690
Automaker (41/98)
Go to BM List >> Components
Electric Vehicles Report – October 201691
Automaker (42/98)
Go to BM List >> Components
Electric Vehicles Report – October 201692
Automaker (43/98)
Go to BM List >> Components
Electric Vehicles Report – October 201693
Automaker (44/98)
Go to BM List >> Components
Electric Vehicles Report – October 201694
Automaker (45/98)
Go to BM List >> Components
Electric Vehicles Report – October 201695
Automaker (46/98)
Go to BM List >> Components
Electric Vehicles Report – October 201696
Automaker (47/98)
Go to BM List >> Components
Electric Vehicles Report – October 201697
Automaker (48/98)
Go to BM List >> Components
Electric Vehicles Report – October 201698
Automaker (49/98)
Go to BM List >> Components
Electric Vehicles Report – October 201699
Automaker (50/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016100
Automaker (51/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016101
Automaker (52/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016102
Automaker (53/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016103
Automaker (54/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016104
Automaker (55/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016105
Automaker (56/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016106
Automaker (57/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016107
Automaker (58/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016108
Automaker (59/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016109
Automaker (60/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016110
Automaker (61/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016111
Automaker (62/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016112
Automaker (63/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016113
Automaker (64/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016114
Automaker (65/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016115
Automaker (66/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016116
Automaker (67/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016117
Automaker (68/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016118
Automaker (69/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016119
Automaker (70/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016120
Automaker (71/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016121
Automaker (72/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016122
Automaker (73/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016123
Automaker (74/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016124
Automaker (75/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016125
Automaker (76/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016126
Automaker (77/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016127
Automaker (78/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016128
Automaker (79/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016129
Automaker (80/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016130
Automaker (81/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016131
Automaker (82/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016132
Automaker (83/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016133
Automaker (84/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016134
Automaker (85/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016135
Automaker (86/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016136
Automaker (87/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016137
Automaker (88/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016138
Automaker (89/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016139
Automaker (90/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016140
Automaker (91/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016141
Automaker (92/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016142
Automaker (93/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016143
Automaker (94/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016144
Automaker (95/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016145
Automaker (96/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016146
Automaker (97/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016147
Automaker (98/98)
Go to BM List >> Components
Electric Vehicles Report – October 2016148
Components (1/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016149
Components (2/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016150
Components (3/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016151
Components (4/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016152
Components (5/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016153
Components (6/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016154
Components (7/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016155
Components (8/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016156
Components (9/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016157
Components (10/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016158
Components (11/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016159
Components (12/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016160
Components (13/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016161
Components (14/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016162
Components (15/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016163
Components (16/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016164
Components (17/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016165
Components (18/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016166
Components (19/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016167
Components (20/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016168
Components (21/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016169
Components (22/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016170
Components (23/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016171
Components (24/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016172
Components (25/25)
Automaker << Go to BM List >> Charging Solutions
Electric Vehicles Report – October 2016173
Charging Solutions (1/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016174
Charging Solutions (2/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016175
Charging Solutions (3/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016176
Charging Solutions (4/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016177
Charging Solutions (5/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016178
Charging Solutions (6/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016179
Charging Solutions (7/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016180
Charging Solutions (8/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016181
Charging Solutions (9/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016182
Charging Solutions (10/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016183
Charging Solutions (11/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016184
Charging Solutions (12/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016185
Charging Solutions (13/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016186
Charging Solutions (14/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016187
Charging Solutions (15/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016188
Charging Solutions (16/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016189
Charging Solutions (17/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016190
Charging Solutions (18/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016191
Charging Solutions (19/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016192
Charging Solutions (20/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016193
Charging Solutions (21/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016194
Charging Solutions (22/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016195
Charging Solutions (23/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016196
Charging Solutions (24/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016197
Charging Solutions (25/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016198
Charging Solutions (26/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016199
Charging Solutions (27/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016200
Charging Solutions (28/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016201
Charging Solutions (29/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016202
Charging Solutions (30/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016203
Charging Solutions (31/31)
Components << Go to BM List >>
Vehicle-as-a-
service
Electric Vehicles Report – October 2016204
Vehicle-as-a-service (1/7)
Charging
Solutions
<< Go to BM List >> Conversion Kits
Electric Vehicles Report – October 2016205
Vehicle-as-a-service (2/7)
Charging
Solutions
<< Go to BM List >> Conversion Kits
Electric Vehicles Report – October 2016206
Vehicle-as-a-service (3/7)
Charging
Solutions
<< Go to BM List >> Conversion Kits
Electric Vehicles Report – October 2016207
Vehicle-as-a-service (4/7)
Charging
Solutions
<< Go to BM List >> Conversion Kits
Electric Vehicles Report – October 2016208
Vehicle-as-a-service (5/7)
Charging
Solutions
<< Go to BM List >> Conversion Kits
Electric Vehicles Report – October 2016209
Vehicle-as-a-service (6/7)
Charging
Solutions
<< Go to BM List >> Conversion Kits
Electric Vehicles Report – October 2016210
Vehicle-as-a-service (7/7)
Charging
Solutions
<< Go to BM List >> Conversion Kits
Electric Vehicles Report – October 2016211
Conversion Kits (1/3)
Vehicle-as-a-
service
<< Go to BM List
Electric Vehicles Report – October 2016212
Conversion Kits (2/3)
Vehicle-as-a-
service
<< Go to BM List
Electric Vehicles Report – October 2016213
Conversion Kits (3/3)
Vehicle-as-a-
service
<< Go to BM List
Electric Vehicles Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
214
Electric Vehicles Report – October 2016215
Team
215
Abhyudai Gupta
Lead Analyst, Energy
Tracxn Research — Electric Vehicles Landscape, October 2016

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Tracxn Research — Electric Vehicles Landscape, October 2016

  • 1.
  • 2. Electric Vehicles Report – October 2016 Tracxn World’s Largest Startup Research Platform 2
  • 3. Electric Vehicles Report – October 20163 Contents Topic Page No. Scope of Report 04 Entrepreneur Activity 06 Investment Trend 08 Who is Investing 17 Exit Outlook - IPO, Acquisitions 21 Sub Sector Analysis 24 Interesting Companies 39 Useful Links 46 Company List 50 Team 215
  • 4. Electric Vehicles Report – October 20164 Sector Overview Scope of report This report covers companies focusing on providing technology solutions for sustainable and energy-efficient transportation. These companies help in promotion and adoption of electric vehicles. The report excludes traditional automakers such as Daimler, Toyota, Renault-Nissan, General Motors, BMW, Mitsubishi, Ford, Audi, etc. which also develop electric vehicles. The conglomerates like Panasonic, LG Chem and Samsung which are leading battery manufacturers are also excluded from the scope of the report. The scope of this report includes equity as well as debt funding received by the companies. Business Model Description Automaker Companies focused on developing and manufacturing electric vehicles. These include companies which develop electric cars, electric two-wheelers, electric commercial vehicles such as trucks and buses and electric personal transport equipment such as electric longboards. Components Companies focused on developing components for the electric vehicles and working towards improvement of the technology powering these components. These include companies working on developing efficient electric and hybrid drive systems, batteries, motors and power electronics for electric vehicles. Charging Solutions Companies working towards developing charging infrastructure to support electric vehicles and assist in mass adoption of the these vehicles. These companies focus on setting up the charging network and develop plug-in and wireless charging systems for residential, commercial and public applications. Vehicle-as-a-service Companies providing electric vehicle sharing solutions resulting in increased adoption of electric vehicles.
  • 5. Electric Vehicles Report – October 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team 5
  • 6. Electric Vehicles Report – October 2016 122 106 102 114 138 116 19 0 32 64 96 128 160 2010 2011 2012 2013 2014 2015 2016 NumberofCompanies 6 YoY – Number of companies founded Gogoro Ninebot Ather Energy NextEV WM Motor CoupVIA Motors Torrot Electric StoreDot Evercar Niu Chehejia NextenergylabsVolta Charging
  • 7. Electric Vehicles Report – October 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team 7
  • 8. Electric Vehicles Report – October 20168 YoY – Number of Rounds and Total Funding Note: The funding includes debt and post IPO rounds also. $0.6B $1.5B $1.2B $1.3B $1.0B $0.3B $0.8B $1.1B $3.7B 25 39 59 65 61 69 83 102 63 0 24 48 72 96 120 0.0 0.8 1.6 2.4 3.2 4.0 2008 2009 2010 2011 2012 2013 2014 2015 2016 NumberofRounds FundingAmount(inBillions) Funding Amount Number of Rounds
  • 9. Electric Vehicles Report – October 20169 YoY – Number of Rounds by Stage 12 21 26 20 21 11 27 23 27 44 56 39 11 10 5 11 7 6 0 18 36 54 72 90 2011 2012 2013 2014 2015 2016 NumberofRounds Seed Early Late
  • 10. Electric Vehicles Report – October 201610 YoY – Funding by Stage $13M $50M $13M $9M $68M $6M $435M $124M $106M $261M $863M $1.3B $693M $791M $40M $475M $87M $100M 0 320 640 960 1280 1600 2011 2012 2013 2014 2015 2016 TotalFundingAmount(inMillions) Seed Early Late
  • 11. Electric Vehicles Report – October 201611 Average Ticket Size – Early Stage $1.2M $2.1M $0.7M $0.7M $1.7M $0.8M $10.7M $4.8M $5.1M $6.5M $33.1M $90.6M $38.1M $15.3M $7.5M $8.5M $16.1M $8.5M 0.0 20.0 40.0 60.0 80.0 100.0 2011 2012 2013 2014 2015 2016 FundingAmount(inMillions) Seed Series A Series B
  • 12. Electric Vehicles Report – October 201612 Top investments in last one year Company Funding Amount Round Name Date Investors teslamotors.com Tesla Motors (Palo Alto, 2003) $1.5B Post IPO May-2016 wm-motor.com WM Motor (Shanghai, 2015) $1B Series A Aug-2016 nextev.com NextEV (Shanghai, 2014) $500M Series A Sep-2015 Sequoia Capital, Joy Capital byd.com BYD (Shenzhen, 1995) $450M Series G Jul-2016 Samsung teslamotors.com Tesla Motors (Palo Alto, 2003) $300M Debt Sep-2016 Deutsche Bank gogoro.com Gogoro (Taipei, 2011) $130M Series B Nov-2015 Panasonic, National Development Fund chehejia.com Chehejia (Beijing, 2015) $120M Series A May-2016 Leo Group, Source Code Capital, FutureCap proteanelectric.com Protean Electric (Troy, 2009) $70M Series D Jul-2016 Oak Investment Partners, Zhejiang VIE Science & Technology, Tianjin THSG Corporation, GSR Ventures
  • 13. Electric Vehicles Report – October 201613 Top investments in last one year Company Funding Amount Round Name Date Investors chargepoint.com ChargePoint (Campbell, 2007) $50M Series F May-2016 Braemar Energy Ventures, Constellation, Statoil, Envision Ventures, Linse Capital phinergy.com Phinergy (Lod, 2008) $50M Series A Jan-2016 Alcoa xiaopeng.com Xiaopeng (Guangzhou, 2015) $42M Series A Mar-2016 torrot.com Torrot Electric (Barcelona, 2011) $26M PE Feb-2016 Black Toro Capital tsinova.com TSINOVA (Beijing, 2014) $23M Series B Aug-2016 Tsinghua Holdings Capital chargerlink.com ChargerLink (Shenzhen, 2014) $20M Series A Feb-2016 whill.us Whill (San Francisco, 2012) $18M Series B May-2016 Eight Roads Ventures addenergietechnologies.co m AddEnergie (Quebec City, 2009) $13M Series A Apr-2016 CDPQ, Investissement Quebec
  • 14. Electric Vehicles Report – October 201614 Funnel view of Sector Percent of Previous 18% 64% 38% 74 34 60 156 244 1329 0 280 560 840 1120 1400 M&A & IPO Late Series B Series A Funded Founded Number of Companies
  • 15.
  • 16. Electric Vehicles Report – October 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team 16
  • 17. Electric Vehicles Report – October 201617 Most Active Investors in Sector 15 12 11 8 7 7 6 6 5 5 0 3 6 10 13 16 KPCB California Energy… GSR Ventures Department of Energy (US) Draper Fisher Jurvetson Oak Investment Partners Sequoia Capital Vision Ridge Partners 500 Startups Angeleno Group TotalNumberofRounds Fisker Automotive Tesla Motors Boston Power Tesla Motors Tesla Motors Boston Power TwoWheelsCar Proterra Whill Coda Automotive Proterra Zero Motorcycles TwoWheelsCar XL Hybrids Think Global Protean Electric NextEV Scoot Networks Volta Charging Miles Electric Vehicles
  • 18. Electric Vehicles Report – October 201618 Where are Top Investors investing
  • 19. Electric Vehicles Report – October 201619 Top Investor by Stage of Entry
  • 20. Electric Vehicles Report – October 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team 20
  • 21. Electric Vehicles Report – October 201621 Top IPOs IPO Date Company Overview Funding Amount Exch:Ticker Jan-2016 energicasuperbike.c om Energica Motor Company (Modena, 2010) All-electric motorcycle manufacturer BIT: EMC Dec-2013 aleees.com Aleees (Taoyuan City, 2005) Lithium battery cathode materials and electric buses GSR Ventures, GRC SinoGreen Fund GTSM:5227 Jun-2013 eon-motors.com Eon Motors (Malijai, 2009) Manufacturer of electric cars EDF Energies Nouvelles $1.8M EPA:MLEMG Dec-2012 echoautomotive.co m Echo Automotive (Scottsdale, 2008) Electric motors and batteries for plug-in hybrid vehicles $200K OTCMKTS:ECAU May-2011 t3motion.com T3 Motion (Costa Mesa, 2006) Personal transportation provider for Police and Security OTCMKTS:TTTM Jul-2010 teslamotors.com Tesla Motors (Palo Alto, 2003) Electric Sport Cars Deutsche Bank, Draper Fisher Jurvetson, J.P. Morgan, Technology Partners, DFJ Growth, Compass Technology Partners, VantagePoint Capital Partners, Capricorn, Department of Energy (US), Westly Group, Aabar Investments, Panasonic, Daimler, SDL Ventures, Toyota Motor Corporation, Think Big Partners, Fjord Advisors, Valor Equity Partners, Juvo Capital, Darwin Ventures, Draper Associates, DBL Partners, California Air Resources Board, California Energy Commission $2.06B NASDAQ:TSLA May-2010 envisionsolar.com Envision Solar (San Diego, 2006) Offers solar trees for parking lots and solar EV charging solutions Silicon Valley Bank $4.6M OTCMKTS:EVSI
  • 22. Electric Vehicles Report – October 201622 Major Acquisitions in last one year
  • 23. Electric Vehicles Report – October 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team 23
  • 24. Electric Vehicles Report – October 201624 October 2016Tracxn BlueBox : Electric Vehicles 1300+ companies in the sector, 208 funded in last 5 years, $4.89B invested in 2015/16 (YTD)
  • 25. Electric Vehicles Report – October 201625 Top Business Models by Funding $7.0B $2.3B $1.2B $21M $6M 0 1600 3200 4800 6400 8000 Automaker Components Charging Solutions Vehicle-as-a-service Conversion Kits TotalFundingAmount(inMillions) # Cos. 778 198 245 49 21 Avg. Age May-07 Sep-04 Jan-09 Sep-11 - Tesla Motors BYD Better Place Evercar Superpedestrian Fisker Automotive Boston Power ChargePoint Scoot Networks Mellow Boards
  • 26. Electric Vehicles Report – October 2016 Automaker – Business Model Description 26
  • 27. Electric Vehicles Report – October 201627 Automaker – Entrepreneur Activity and Investment Trend
  • 28. Electric Vehicles Report – October 201628 Automaker – Most Funded Companies
  • 29. Electric Vehicles Report – October 2016 Components – Business Model Description 29
  • 30. Electric Vehicles Report – October 201630 Components – Entrepreneur Activity and Investment Trend
  • 31. Electric Vehicles Report – October 201631 Components – Most Funded Companies
  • 32. Electric Vehicles Report – October 2016 Charging Solutions – Business Model Description 32
  • 33. Electric Vehicles Report – October 201633 Charging Solutions – Entrepreneur Activity and Investment Trend
  • 34. Electric Vehicles Report – October 201634 Charging Solutions – Most Funded Companies
  • 35. Electric Vehicles Report – October 2016 Vehicle-as-a-service – Business Model Description 5 35
  • 36. Electric Vehicles Report – October 201636 Vehicle-as-a-service – Entrepreneur Activity and Investment Trend
  • 37. Electric Vehicles Report – October 201637 Vehicle-as-a-service – Most Funded Companies
  • 38. Electric Vehicles Report – October 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team 38
  • 39. Electric Vehicles Report – October 201639 Interesting Unfunded Companies Company Overview Business Model eforce.ch E-Force One (2001, Fehraltorf) All-electric commercial heavy-duty trucks Automaker > Commercial Vehicles tanktwo.com Tanktwo (2012, Vantaa) Battery technology for electric vehicles Components > Batteries nanoflowcell.com nanoFlowcell (2013, Vaduz) Flow cell drive technology based electric vehicles Automaker > Cars Curated list of companies by the sector analyst are defined as Interesting
  • 40. Electric Vehicles Report – October 201640 Interesting Series A Companies
  • 41. Electric Vehicles Report – October 201641 Interesting Series A Companies
  • 42. Electric Vehicles Report – October 201642 Interesting Series B Companies
  • 43. Electric Vehicles Report – October 201643 Interesting Late Stage Companies
  • 44. Electric Vehicles Report – October 201644 Top Funded Deadpooled Companies
  • 45. Electric Vehicles Report – October 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team 45
  • 46. Electric Vehicles Report – October 201646 Useful Links Slide Title Content Platform Link List of All Companies in readable format Companies Link Top investments Investment Trend Link Top IPOs Exit Outlook - IPO, Acquisitions Link Major Acquisitions Exit Outlook - IPO, Acquisitions Link Automaker – Most Funded Companies Sub Sector Understand Link Components – Most Funded companies Sub Sector Understand Link Charging Solutions – Most Funded Companies Sub Sector Understand Link Vehicle-as-a-service – Most Funded Companies Sub Sector Understand Link Top Funded Deadpooled Companies Companies Link
  • 47.
  • 48. Electric Vehicles Report – October 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team 48
  • 49. Electric Vehicles Report – October 201649 Electric Vehicles – Company List Automaker Components Charging Solutions Vehicle-as-a-service Conversion Kits 304 FUNDED COMPANIES AND 1025 UNFUNDED COMPANIES COVERS THE FOLLOWING SECTORS
  • 50. Electric Vehicles Report – October 201650 Automaker (1/98) Company Overview Business Model Total Funding TSINOVA (2014, Beijing) Intelligent travel equipment and smart bicycle manufacturer IDG Capital Partners, China Growth Capital, Tsinghua Holdings Capital, Banyan Capital Bicycles $44M YunMake (2013, Hangzhou) Smart bike maker Qualcomm Ventures, ZhenFund, Shunwei, Foxconn Electronics, RiceBank, Ginkgo Valley Capital Bicycles $1.6M Gi FlyBike (2014, Cordoba) Folding electric bicycle Incutex Bicycles $1.4M NoteBike (2014, Hangzhou) Electric bikes manufacturer Ginkgo Valley Capital Bicycles $785k EVELO (2011, New York City) Electric bicycles developer Seedinvest Bicycles $750k Faraday Bicycles (2012, San Francisco) Electric bicycles maker Maiden Lane Bicycles $477k Rad Power Bikes (2007, Seattle) Electric bicycle Bicycles $320k CosWheel (2015, Shenzhen) Developer of foldable electric bicycle Bicycles $306k Go to BM List >> Components
  • 51. Electric Vehicles Report – October 201651 Automaker (2/98) Company Overview Business Model Total Funding JIVR Bike (2012, London) Sleek folding electric bike Bicycles $290k Defiant Bicycles (2011, Minnesota) Electric fat-tire bicycles Bicycles $200k Electric Bike Technologies (2012, Philadelphia) Development of electric bicycles and its components Bicycles $73.4k SPERO E-bike (2016, Coimbatore) Electric bicycle developer Bicycles Sevenstar (2001, Wuxi) Electric bicycle developer Bicycles Iuvo (2008, Taichung) Pedelecs for urban commute Bicycles Leisger (2003, Hannover) Electric city bicycles Bicycles OvO Bike (2009, Paris) Electric bicycles Bicycles Go to BM List >> Components
  • 52. Electric Vehicles Report – October 201652 Automaker (3/98) Company Overview Business Model Total Funding Lohas Vehicle (1996, Jinhua) Developer of electric bicycles Bicycles Biktrix (2014, Saskatoon) Mid-drive electric fat bikes Bicycles EcoBounce (2014, London) Electric bicycles developer Bicycles Sondors eBike (2015, Malibu) All-terrain electric bicycles Bicycles Tucano Bikes (2004, Barcelona) Lithium battery powered bicycles Bicycles Freeel (2011, Barcelona) Developer of electric bicycles Bicycles UUALK (2012, Sabadell) Developer of pedelecs Bicycles Goccia Bike (2010, Szentendre) Developer of electric bicycles Bicycles Go to BM List >> Components
  • 53. Electric Vehicles Report – October 201653 Automaker (4/98) Go to BM List >> Components
  • 54. Electric Vehicles Report – October 201654 Automaker (5/98) Go to BM List >> Components
  • 55. Electric Vehicles Report – October 201655 Automaker (6/98) Go to BM List >> Components
  • 56. Electric Vehicles Report – October 201656 Automaker (7/98) Go to BM List >> Components
  • 57. Electric Vehicles Report – October 201657 Automaker (8/98) Go to BM List >> Components
  • 58. Electric Vehicles Report – October 201658 Automaker (9/98) Go to BM List >> Components
  • 59. Electric Vehicles Report – October 201659 Automaker (10/98) Go to BM List >> Components
  • 60. Electric Vehicles Report – October 201660 Automaker (11/98) Go to BM List >> Components
  • 61. Electric Vehicles Report – October 201661 Automaker (12/98) Go to BM List >> Components
  • 62. Electric Vehicles Report – October 201662 Automaker (13/98) Go to BM List >> Components
  • 63. Electric Vehicles Report – October 201663 Automaker (14/98) Go to BM List >> Components
  • 64. Electric Vehicles Report – October 201664 Automaker (15/98) Go to BM List >> Components
  • 65. Electric Vehicles Report – October 201665 Automaker (16/98) Go to BM List >> Components
  • 66. Electric Vehicles Report – October 201666 Automaker (17/98) Go to BM List >> Components
  • 67. Electric Vehicles Report – October 201667 Automaker (18/98) Go to BM List >> Components
  • 68. Electric Vehicles Report – October 201668 Automaker (19/98) Go to BM List >> Components
  • 69. Electric Vehicles Report – October 201669 Automaker (20/98) Go to BM List >> Components
  • 70. Electric Vehicles Report – October 201670 Automaker (21/98) Go to BM List >> Components
  • 71. Electric Vehicles Report – October 201671 Automaker (22/98) Go to BM List >> Components
  • 72. Electric Vehicles Report – October 201672 Automaker (23/98) Go to BM List >> Components
  • 73. Electric Vehicles Report – October 201673 Automaker (24/98) Go to BM List >> Components
  • 74. Electric Vehicles Report – October 201674 Automaker (25/98) Go to BM List >> Components
  • 75. Electric Vehicles Report – October 201675 Automaker (26/98) Go to BM List >> Components
  • 76. Electric Vehicles Report – October 201676 Automaker (27/98) Go to BM List >> Components
  • 77. Electric Vehicles Report – October 201677 Automaker (28/98) Go to BM List >> Components
  • 78. Electric Vehicles Report – October 201678 Automaker (29/98) Go to BM List >> Components
  • 79. Electric Vehicles Report – October 201679 Automaker (30/98) Go to BM List >> Components
  • 80. Electric Vehicles Report – October 201680 Automaker (31/98) Go to BM List >> Components
  • 81. Electric Vehicles Report – October 201681 Automaker (32/98) Go to BM List >> Components
  • 82. Electric Vehicles Report – October 201682 Automaker (33/98) Go to BM List >> Components
  • 83. Electric Vehicles Report – October 201683 Automaker (34/98) Go to BM List >> Components
  • 84. Electric Vehicles Report – October 201684 Automaker (35/98) Go to BM List >> Components
  • 85. Electric Vehicles Report – October 201685 Automaker (36/98) Go to BM List >> Components
  • 86. Electric Vehicles Report – October 201686 Automaker (37/98) Go to BM List >> Components
  • 87. Electric Vehicles Report – October 201687 Automaker (38/98) Go to BM List >> Components
  • 88. Electric Vehicles Report – October 201688 Automaker (39/98) Go to BM List >> Components
  • 89. Electric Vehicles Report – October 201689 Automaker (40/98) Go to BM List >> Components
  • 90. Electric Vehicles Report – October 201690 Automaker (41/98) Go to BM List >> Components
  • 91. Electric Vehicles Report – October 201691 Automaker (42/98) Go to BM List >> Components
  • 92. Electric Vehicles Report – October 201692 Automaker (43/98) Go to BM List >> Components
  • 93. Electric Vehicles Report – October 201693 Automaker (44/98) Go to BM List >> Components
  • 94. Electric Vehicles Report – October 201694 Automaker (45/98) Go to BM List >> Components
  • 95. Electric Vehicles Report – October 201695 Automaker (46/98) Go to BM List >> Components
  • 96. Electric Vehicles Report – October 201696 Automaker (47/98) Go to BM List >> Components
  • 97. Electric Vehicles Report – October 201697 Automaker (48/98) Go to BM List >> Components
  • 98. Electric Vehicles Report – October 201698 Automaker (49/98) Go to BM List >> Components
  • 99. Electric Vehicles Report – October 201699 Automaker (50/98) Go to BM List >> Components
  • 100. Electric Vehicles Report – October 2016100 Automaker (51/98) Go to BM List >> Components
  • 101. Electric Vehicles Report – October 2016101 Automaker (52/98) Go to BM List >> Components
  • 102. Electric Vehicles Report – October 2016102 Automaker (53/98) Go to BM List >> Components
  • 103. Electric Vehicles Report – October 2016103 Automaker (54/98) Go to BM List >> Components
  • 104. Electric Vehicles Report – October 2016104 Automaker (55/98) Go to BM List >> Components
  • 105. Electric Vehicles Report – October 2016105 Automaker (56/98) Go to BM List >> Components
  • 106. Electric Vehicles Report – October 2016106 Automaker (57/98) Go to BM List >> Components
  • 107. Electric Vehicles Report – October 2016107 Automaker (58/98) Go to BM List >> Components
  • 108. Electric Vehicles Report – October 2016108 Automaker (59/98) Go to BM List >> Components
  • 109. Electric Vehicles Report – October 2016109 Automaker (60/98) Go to BM List >> Components
  • 110. Electric Vehicles Report – October 2016110 Automaker (61/98) Go to BM List >> Components
  • 111. Electric Vehicles Report – October 2016111 Automaker (62/98) Go to BM List >> Components
  • 112. Electric Vehicles Report – October 2016112 Automaker (63/98) Go to BM List >> Components
  • 113. Electric Vehicles Report – October 2016113 Automaker (64/98) Go to BM List >> Components
  • 114. Electric Vehicles Report – October 2016114 Automaker (65/98) Go to BM List >> Components
  • 115. Electric Vehicles Report – October 2016115 Automaker (66/98) Go to BM List >> Components
  • 116. Electric Vehicles Report – October 2016116 Automaker (67/98) Go to BM List >> Components
  • 117. Electric Vehicles Report – October 2016117 Automaker (68/98) Go to BM List >> Components
  • 118. Electric Vehicles Report – October 2016118 Automaker (69/98) Go to BM List >> Components
  • 119. Electric Vehicles Report – October 2016119 Automaker (70/98) Go to BM List >> Components
  • 120. Electric Vehicles Report – October 2016120 Automaker (71/98) Go to BM List >> Components
  • 121. Electric Vehicles Report – October 2016121 Automaker (72/98) Go to BM List >> Components
  • 122. Electric Vehicles Report – October 2016122 Automaker (73/98) Go to BM List >> Components
  • 123. Electric Vehicles Report – October 2016123 Automaker (74/98) Go to BM List >> Components
  • 124. Electric Vehicles Report – October 2016124 Automaker (75/98) Go to BM List >> Components
  • 125. Electric Vehicles Report – October 2016125 Automaker (76/98) Go to BM List >> Components
  • 126. Electric Vehicles Report – October 2016126 Automaker (77/98) Go to BM List >> Components
  • 127. Electric Vehicles Report – October 2016127 Automaker (78/98) Go to BM List >> Components
  • 128. Electric Vehicles Report – October 2016128 Automaker (79/98) Go to BM List >> Components
  • 129. Electric Vehicles Report – October 2016129 Automaker (80/98) Go to BM List >> Components
  • 130. Electric Vehicles Report – October 2016130 Automaker (81/98) Go to BM List >> Components
  • 131. Electric Vehicles Report – October 2016131 Automaker (82/98) Go to BM List >> Components
  • 132. Electric Vehicles Report – October 2016132 Automaker (83/98) Go to BM List >> Components
  • 133. Electric Vehicles Report – October 2016133 Automaker (84/98) Go to BM List >> Components
  • 134. Electric Vehicles Report – October 2016134 Automaker (85/98) Go to BM List >> Components
  • 135. Electric Vehicles Report – October 2016135 Automaker (86/98) Go to BM List >> Components
  • 136. Electric Vehicles Report – October 2016136 Automaker (87/98) Go to BM List >> Components
  • 137. Electric Vehicles Report – October 2016137 Automaker (88/98) Go to BM List >> Components
  • 138. Electric Vehicles Report – October 2016138 Automaker (89/98) Go to BM List >> Components
  • 139. Electric Vehicles Report – October 2016139 Automaker (90/98) Go to BM List >> Components
  • 140. Electric Vehicles Report – October 2016140 Automaker (91/98) Go to BM List >> Components
  • 141. Electric Vehicles Report – October 2016141 Automaker (92/98) Go to BM List >> Components
  • 142. Electric Vehicles Report – October 2016142 Automaker (93/98) Go to BM List >> Components
  • 143. Electric Vehicles Report – October 2016143 Automaker (94/98) Go to BM List >> Components
  • 144. Electric Vehicles Report – October 2016144 Automaker (95/98) Go to BM List >> Components
  • 145. Electric Vehicles Report – October 2016145 Automaker (96/98) Go to BM List >> Components
  • 146. Electric Vehicles Report – October 2016146 Automaker (97/98) Go to BM List >> Components
  • 147. Electric Vehicles Report – October 2016147 Automaker (98/98) Go to BM List >> Components
  • 148. Electric Vehicles Report – October 2016148 Components (1/25) Automaker << Go to BM List >> Charging Solutions
  • 149. Electric Vehicles Report – October 2016149 Components (2/25) Automaker << Go to BM List >> Charging Solutions
  • 150. Electric Vehicles Report – October 2016150 Components (3/25) Automaker << Go to BM List >> Charging Solutions
  • 151. Electric Vehicles Report – October 2016151 Components (4/25) Automaker << Go to BM List >> Charging Solutions
  • 152. Electric Vehicles Report – October 2016152 Components (5/25) Automaker << Go to BM List >> Charging Solutions
  • 153. Electric Vehicles Report – October 2016153 Components (6/25) Automaker << Go to BM List >> Charging Solutions
  • 154. Electric Vehicles Report – October 2016154 Components (7/25) Automaker << Go to BM List >> Charging Solutions
  • 155. Electric Vehicles Report – October 2016155 Components (8/25) Automaker << Go to BM List >> Charging Solutions
  • 156. Electric Vehicles Report – October 2016156 Components (9/25) Automaker << Go to BM List >> Charging Solutions
  • 157. Electric Vehicles Report – October 2016157 Components (10/25) Automaker << Go to BM List >> Charging Solutions
  • 158. Electric Vehicles Report – October 2016158 Components (11/25) Automaker << Go to BM List >> Charging Solutions
  • 159. Electric Vehicles Report – October 2016159 Components (12/25) Automaker << Go to BM List >> Charging Solutions
  • 160. Electric Vehicles Report – October 2016160 Components (13/25) Automaker << Go to BM List >> Charging Solutions
  • 161. Electric Vehicles Report – October 2016161 Components (14/25) Automaker << Go to BM List >> Charging Solutions
  • 162. Electric Vehicles Report – October 2016162 Components (15/25) Automaker << Go to BM List >> Charging Solutions
  • 163. Electric Vehicles Report – October 2016163 Components (16/25) Automaker << Go to BM List >> Charging Solutions
  • 164. Electric Vehicles Report – October 2016164 Components (17/25) Automaker << Go to BM List >> Charging Solutions
  • 165. Electric Vehicles Report – October 2016165 Components (18/25) Automaker << Go to BM List >> Charging Solutions
  • 166. Electric Vehicles Report – October 2016166 Components (19/25) Automaker << Go to BM List >> Charging Solutions
  • 167. Electric Vehicles Report – October 2016167 Components (20/25) Automaker << Go to BM List >> Charging Solutions
  • 168. Electric Vehicles Report – October 2016168 Components (21/25) Automaker << Go to BM List >> Charging Solutions
  • 169. Electric Vehicles Report – October 2016169 Components (22/25) Automaker << Go to BM List >> Charging Solutions
  • 170. Electric Vehicles Report – October 2016170 Components (23/25) Automaker << Go to BM List >> Charging Solutions
  • 171. Electric Vehicles Report – October 2016171 Components (24/25) Automaker << Go to BM List >> Charging Solutions
  • 172. Electric Vehicles Report – October 2016172 Components (25/25) Automaker << Go to BM List >> Charging Solutions
  • 173. Electric Vehicles Report – October 2016173 Charging Solutions (1/31) Components << Go to BM List >> Vehicle-as-a- service
  • 174. Electric Vehicles Report – October 2016174 Charging Solutions (2/31) Components << Go to BM List >> Vehicle-as-a- service
  • 175. Electric Vehicles Report – October 2016175 Charging Solutions (3/31) Components << Go to BM List >> Vehicle-as-a- service
  • 176. Electric Vehicles Report – October 2016176 Charging Solutions (4/31) Components << Go to BM List >> Vehicle-as-a- service
  • 177. Electric Vehicles Report – October 2016177 Charging Solutions (5/31) Components << Go to BM List >> Vehicle-as-a- service
  • 178. Electric Vehicles Report – October 2016178 Charging Solutions (6/31) Components << Go to BM List >> Vehicle-as-a- service
  • 179. Electric Vehicles Report – October 2016179 Charging Solutions (7/31) Components << Go to BM List >> Vehicle-as-a- service
  • 180. Electric Vehicles Report – October 2016180 Charging Solutions (8/31) Components << Go to BM List >> Vehicle-as-a- service
  • 181. Electric Vehicles Report – October 2016181 Charging Solutions (9/31) Components << Go to BM List >> Vehicle-as-a- service
  • 182. Electric Vehicles Report – October 2016182 Charging Solutions (10/31) Components << Go to BM List >> Vehicle-as-a- service
  • 183. Electric Vehicles Report – October 2016183 Charging Solutions (11/31) Components << Go to BM List >> Vehicle-as-a- service
  • 184. Electric Vehicles Report – October 2016184 Charging Solutions (12/31) Components << Go to BM List >> Vehicle-as-a- service
  • 185. Electric Vehicles Report – October 2016185 Charging Solutions (13/31) Components << Go to BM List >> Vehicle-as-a- service
  • 186. Electric Vehicles Report – October 2016186 Charging Solutions (14/31) Components << Go to BM List >> Vehicle-as-a- service
  • 187. Electric Vehicles Report – October 2016187 Charging Solutions (15/31) Components << Go to BM List >> Vehicle-as-a- service
  • 188. Electric Vehicles Report – October 2016188 Charging Solutions (16/31) Components << Go to BM List >> Vehicle-as-a- service
  • 189. Electric Vehicles Report – October 2016189 Charging Solutions (17/31) Components << Go to BM List >> Vehicle-as-a- service
  • 190. Electric Vehicles Report – October 2016190 Charging Solutions (18/31) Components << Go to BM List >> Vehicle-as-a- service
  • 191. Electric Vehicles Report – October 2016191 Charging Solutions (19/31) Components << Go to BM List >> Vehicle-as-a- service
  • 192. Electric Vehicles Report – October 2016192 Charging Solutions (20/31) Components << Go to BM List >> Vehicle-as-a- service
  • 193. Electric Vehicles Report – October 2016193 Charging Solutions (21/31) Components << Go to BM List >> Vehicle-as-a- service
  • 194. Electric Vehicles Report – October 2016194 Charging Solutions (22/31) Components << Go to BM List >> Vehicle-as-a- service
  • 195. Electric Vehicles Report – October 2016195 Charging Solutions (23/31) Components << Go to BM List >> Vehicle-as-a- service
  • 196. Electric Vehicles Report – October 2016196 Charging Solutions (24/31) Components << Go to BM List >> Vehicle-as-a- service
  • 197. Electric Vehicles Report – October 2016197 Charging Solutions (25/31) Components << Go to BM List >> Vehicle-as-a- service
  • 198. Electric Vehicles Report – October 2016198 Charging Solutions (26/31) Components << Go to BM List >> Vehicle-as-a- service
  • 199. Electric Vehicles Report – October 2016199 Charging Solutions (27/31) Components << Go to BM List >> Vehicle-as-a- service
  • 200. Electric Vehicles Report – October 2016200 Charging Solutions (28/31) Components << Go to BM List >> Vehicle-as-a- service
  • 201. Electric Vehicles Report – October 2016201 Charging Solutions (29/31) Components << Go to BM List >> Vehicle-as-a- service
  • 202. Electric Vehicles Report – October 2016202 Charging Solutions (30/31) Components << Go to BM List >> Vehicle-as-a- service
  • 203. Electric Vehicles Report – October 2016203 Charging Solutions (31/31) Components << Go to BM List >> Vehicle-as-a- service
  • 204. Electric Vehicles Report – October 2016204 Vehicle-as-a-service (1/7) Charging Solutions << Go to BM List >> Conversion Kits
  • 205. Electric Vehicles Report – October 2016205 Vehicle-as-a-service (2/7) Charging Solutions << Go to BM List >> Conversion Kits
  • 206. Electric Vehicles Report – October 2016206 Vehicle-as-a-service (3/7) Charging Solutions << Go to BM List >> Conversion Kits
  • 207. Electric Vehicles Report – October 2016207 Vehicle-as-a-service (4/7) Charging Solutions << Go to BM List >> Conversion Kits
  • 208. Electric Vehicles Report – October 2016208 Vehicle-as-a-service (5/7) Charging Solutions << Go to BM List >> Conversion Kits
  • 209. Electric Vehicles Report – October 2016209 Vehicle-as-a-service (6/7) Charging Solutions << Go to BM List >> Conversion Kits
  • 210. Electric Vehicles Report – October 2016210 Vehicle-as-a-service (7/7) Charging Solutions << Go to BM List >> Conversion Kits
  • 211. Electric Vehicles Report – October 2016211 Conversion Kits (1/3) Vehicle-as-a- service << Go to BM List
  • 212. Electric Vehicles Report – October 2016212 Conversion Kits (2/3) Vehicle-as-a- service << Go to BM List
  • 213. Electric Vehicles Report – October 2016213 Conversion Kits (3/3) Vehicle-as-a- service << Go to BM List
  • 214. Electric Vehicles Report – October 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team 214
  • 215. Electric Vehicles Report – October 2016215 Team 215 Abhyudai Gupta Lead Analyst, Energy