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1. TRACXN TOP BUSINESS MODELS REPORT
March 02, 2022
ENERGY TECH

2. Energy Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
Energy Tech Funding Overview 3
Top Funded Business Models 4
One Pagers 9
Appendix 59
2

3. Energy Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Funding in last 1 year
3
Electric Vehicles $15.8B
Energy Storage Tech $11.0B
Renewable Energy Tech $2.7B
Smart Grid $1.8B
Energy Efficiency Tech $1.4B
Oil & Gas Tech $1.0B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
LetsVenture
Global Founders Capital
11
5
5
Early
Stage
Breakthrough Energy
Shell
EQT Ventures
10
7
6
Late
Stage
Fidelity Investments
Temasek
Breakthrough Energy
6
5
5
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
United States (44%)
Sweden (13%)
China (9%)
Germany (7%)
United Kingdom (5%)
Belgium (4%)
India (3%)
Others (15%)
$ Funding # Rounds
Northvolt
(2015, Sweden)
$2.8B -
Unattributed
Rivian
(2009, United States)
$2.5B - Series E
CFS
(2018, United States)
$1.8B - Series B
Automotive Cells Company
(2020, Belgium)
$1.2B - Series D
IONITY
(2017, Germany)
$791M - Series B
Leap Motor
(2015, China)
$694M - Series C
Nuro
(2016, United States)
$600M - Series D
Polestar
(1996, Sweden)
$550M -
Unattributed
Xiaopeng Huitian
(2013, China)
$500M - Series A
Helion
(2013, United States)
$500M - Series E
Wisk
(2019, United States)
$450M - Series D
Lime
(2017, United States)
$418M - Series D

4. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲3 Lithium Ion Batteries $3.0B 45 Northvolt | $2.8B | Unattributed Link
2▼1 Electric Pickup Truck Manufacturers $2.5B 2 Rivian | $2.5B | Series E Link
3▼1 Electric Car Manufacturers $2.0B 13 Leap Motor | $694M | Series C Link
4▲138 Electric Four Wheeler Li-Ion Battery $1.2B 2 Automotive Ce.. | $1.2B | Series D Link
5▲2 Electric Vehicle Charging Network Operators $1.1B 22 IONITY | $791M | Series B Link
6▲19 Electric Scooter Manufacturers $911M 14 Gogoro | $285M | Series D Link
7▼2 Free Float Electric Kick Scooter Rentals $642M 14 TIER | $200M | Series D Link
8▲9 Solid State Lithium Ion Batteries $585M 11 ProLogium | $326M | Series E Link
9▼1 Fuel Station Management Software $538M 4 Newlink Group | $314M | Series E Link
10▼1 Free Float Electric Vehicle Rentals $436M 3 Lime | $418M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▲1 Electric Vehicle Li-Ion Battery $339M 19 SES | $139M | Series D Link
12▲14
Distributed Energy Resources Management
Software
$317M 12 Autogrid | $85.0M | Series D Link
13▲29 Electric Truck Manufacturers $304M 5 Volta Trucks | $260M | Series C Link
14▲144 Compressed Air Energy Storage Systems $262M 4 Hydrostor | $250M | Series D Link
15▲132 Microgrid Operators $250M 2 Verdant Micro.. | $150M | Series D Link
16▲42 Alkaline Electrolyzers $229M 1 GreenHydrogen | $229M | Series C Link
17▲3 Commercial Building Energy Management System $218M 18 GridPoint | $75.0M | Series G Link
18▲42 Energy Demand Response Management Solutions $195M 6 Lancium | $150M | Series D Link
19▲108
Renewable Energy Asset Portfolio Management
Software
$189M 7 Lancium | $150M | Series D Link
20▼4 Station Based Electric Kick Scooter Rentals $168M 4 Superpedestrian | $125M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲19 Electric Motorcycle Manufacturers $157M 16 CAKE | $60.0M | Series B Link
22▲1 Oil and Gas Analytics Software $151M 4 Cognite | $150M | Series B Link
23▲78
Electric Vehicle Charging Station Management
Software
$149M 25 Fermata Energy | $40.0M | Series B Link
24▲9 Ultracapacitors $138M 6 Skeleton Tech | $61.0M | Series D Link
25▲20 Free Float Electric Scooter Rentals $137M 2 Revel | $126M | Series B Link
26-- Oilfield Waste Gas to Computing Power $128M 1 Crusoe Energy | $128M | Series B Link
27▲44 Residential Lithium Ion Energy Storage Systems $123M 3 Ecoflow | $100M | Series B Link
28▲11 Mobile Powerbank Rental Station Networks $122M 2 Shenzhen Soud.. | $122M | Series B Link
29-- Electric Car Battery $122M 1 Verkor | $122M | Series A Link
30▲63 Autonomous Electric Truck Manufacturers $110M 1 Einride | $110M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▲89 Electric Rickshaw Manufacturers $108M 7 GMW | $50.0M | Series C Link
32▲12 Electric Two Wheeler Battery Swapping $107M 5 Oyika | $100M | Series C Link
33▲1 Hydrogen Refueling Station Networks $105M 1 FirstElement .. | $105M | Series D Link
34▼21 Plug in Electric Vehicle Chargers $99.5M 20 EV Power | $54.7M | Series D Link
35-- Commercial Redox Flow Energy Storage Systems $90.1M 5 Standard Ene.. | $54.2M | Series D Link
36-- Smart LED Lights $86.1M 5 Yeelight | $47.1M | Series E Link
37▲19 Photo-Electrochemical Hydrogen Generators $85.2M 3 Heliogen | $83.0M | Series B Link
38▼7 Station Based Electric Bike Rentals $81.0M 6 Tembici | $80.0M | Series C Link
39--
Electric Vehicle Charging Station Discovery
Platforms
$71.7M 7 Softberry | $67.0M | Series A Link
40▲6 Autonomous Electric Shuttle Manufacturers $71.0M 3 EasyMile | $66.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41▲18 Solid Oxide Fuel Cells $68.4M 3 Sunfire | $126M | Series D Link
42▼13 Pumped Heat Energy Storage Systems $68.0M 5 Antora Energy | $50.0M | Series A Link
43▼40 Smart Glass Windows $65.4M 6 Gauzy | $60.0M | Series D Link
44▲31 Smart Thermostat $63.8M 3 tado° | $46.2M | Series D Link
45-- Station Based Electric Scooter Rentals $63.5M 2 GO Sharing | $60.1M | Series C Link
46▲26 Electric Bike Rentals for Delivery Professionals $62.0M 3 Zoomo | $30.0M | Series B Link
47▲5 EV Battery Swapping Station Networks $59.5M 15 Oyika | $100M | Series C Link
48▲96
V2X Electric Vehicle Charging Station Management
Software
$57.4M 4 Fermata Energy | $40.0M | Series B Link
49-- Semi Solid Lithium Ion Batteries $56.8M 2 24m Technolo.. | $56.8M | Series E Link
50▲42 PEM Fuel Cells $54.8M 3 Bramble Energy | $47.4M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Lithium Ion Batteries
01
9
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$3.0B (▲337%)
45(▲55.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
33
$11.9B
185
28
767
32
Energy Storage Tech (ChargePoint)
(# Cos: 4215 | $31.7B)
Battery (Stem)
(# Cos: 1230 | $14.9B)
Secondary Battery (A123 Systems)
(# Cos: 842 | $12.6B)
Lithium Ion (QuantumScape)
(# Cos: 767 | $11.9B)
QuantumScape
(2010, United States, $1.0B)
A123 Systems
(2001, China, $201M)
StoreDot
(2012, Israel, $226M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Northvolt (2015, Sweden)
$2.8B - Unattributed - Jun 2021
Automotive Cells Co.. (2020, Belgium)
$1.2B - Series D - Sep 2021
ProLogium (2006, Taiwan)
$326M - Series E - Oct 2021
Sion Power (1995, United States)
$240M - Series D - Nov 2021
Factorial Ene.. (2021, United States)
$200M - Series D - Jan 2022
SES (2012, United States)
$139M - Series D - Apr 2021
Solid Power (2011, United States)
$130M - Series B - May 2021
View all 45 Funding Rounds on Tracxn Platform

10. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Pickup Truck Manufacturers
02
10
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$2.5B (▼51.1%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$10.5B
5
2
7
1
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Automaker (Tesla)
(# Cos: 3938 | $57.1B)
Off Highway Vehicles (Monarch)
(# Cos: 54 | $10.7B)
Pickup Trucks (Rivian)
(# Cos: 7 | $10.5B)
Rivian
(2009, United States, $10.5B)
Lordstown Motors
(2019, United States)
Bollinger Motors
(2014, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Rivian (2009, United States)
$2.5B - Series E - Jul 2021
Hercules (2018, United States)
$20.0M - Series A - Mar 2021

11. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Leap Motor (2015, China)
$694M - Series C - Aug 2021
Polestar (1996, Sweden)
$550M - Unattributed - Apr 2021
WM Motor (2015, China)
$300M - Series D - Oct 2021
Lucid (2007, United States)
$200M - Series D - Apr 2021
WM Motor (2015, China)
$152M - Series D - Dec 2021
Lightyear (2016, Netherlands)
$110M - Series B - Mar 2021
Rimac Automobili (2009, Croatia)
$83.4M - Series C - Mar 2021
View all 13 Funding Rounds on Tracxn Platform
Electric Car Manufacturers
03
11
Back to index
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Automaker (Nuro)
(# Cos: 3938 | $57.1B)
Cars (Tesla)
(# Cos: 288 | $31.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$2.0B (▼54%)
13(▼18.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$31.8B
86
11
288
23
Tesla
(2003, United States, $404M)
Rimac Automobili
(2009, Croatia, $219M)
Xiaopeng
(2014, China, $2.6B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Four Wheeler Li-Ion Battery
04
12
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.2B (▲ >10K%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$2.5B
16
6
61
3
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Components (KPIT Technologies)
(# Cos: 649 | $6.8B)
Batteries (StoreDot)
(# Cos: 249 | $5.1B)
Four Wheelers (QuantumScape)
(# Cos: 90 | $3.7B)
Diversified (Microvast)
(# Cos: 76 | $2.6B)
Lithium-Ion (A123 Systems)
(# Cos: 61 | $2.5B)
A123 Systems
(2001, China, $201M)
Microvast
(2006, United States, $430M)
Alelion Energy Systems
(2006, Sweden)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Automotive Cells Co.. (2020, Belgium)
$1.2B - Series D - Sep 2021
3ME Technology (2004, Australia)
$15.0M - Series B - Oct 2021

13. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Vehicle Charging Network
Operators
05
13
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.1B (▲316%)
22(▲46.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
20
$2.2B
100
2
409
13
Energy Storage Tech (Stem)
(# Cos: 4215 | $31.7B)
Charging (EV Connect)
(# Cos: 1826 | $5.2B)
Station Network (IONITY)
(# Cos: 794 | $3.1B)
Charging (InstaVolt)
(# Cos: 645 | $2.3B)
Operators (Volta)
(# Cos: 442 | $2.2B)
Electric Vehicle (ChargePoint)
(# Cos: 409 | $2.2B)
ChargePoint
(2007, United States, $530M)
Volta
(2010, United States, $216M)
InstaVolt
(2016, United Kingdom, $62.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
IONITY (2017, Germany)
$791M - Series B - Oct 2021
GreenWay Infrastru.. (2011, Slovakia)
$96.4M - Series C - Feb 2022
JOLT (2018, Australia)
$73.1M - Series C - Aug 2021
Zest (2021, United Kingdom)
$40.8M - Series C - Oct 2021
Wirelane (2017, Germany)
$21.2M - Series B - Aug 2021
Electra (2021, France)
$17.9M - Seed - Jun 2021
EasyGo.ie (2018, Ireland)
$17.4M - Series B - Oct 2021
View all 22 Funding Rounds on Tracxn Platform

14. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Scooter Manufacturers
06
14
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$911M (▲1175%)
14(▲7.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$2.2B
58
3
333
12
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Automaker (Tesla)
(# Cos: 3938 | $57.1B)
Two Wheelers (Ola Electric)
(# Cos: 762 | $2.7B)
Scooters (Ather Energy)
(# Cos: 333 | $2.2B)
Ather Energy
(2013, India, $158M)
Ola Electric
(2017, India, $865M)
Gogoro
(2011, Taiwan, $765M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gogoro (2011, Taiwan)
$285M - Series D - Jan 2022
Ola Electric (2017, India)
$200M - Series B - Sep 2021
Ola Electric (2017, India)
$200M - Series C - Jan 2022
Ola Electric (2017, India)
$139M - Series C - Dec 2021
Hero Electric (2007, India)
$29.5M - Series B - Jul 2021
Unu (2013, Germany)
$21.5M - Series B - Jun 2021
Simple Energy (2019, India)
$21.0M - Seed - Nov 2021
View all 14 Funding Rounds on Tracxn Platform

15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Free Float Electric Kick Scooter Rentals
07
15
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$642M (▲41.4%)
14(▲27.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$2.6B
36
1
150
9
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Vehicle as a Service (Lime)
(# Cos: 1042 | $8.7B)
Kick Scooters (Bird)
(# Cos: 291 | $3.1B)
Free Float (Dott)
(# Cos: 150 | $2.6B)
Dott
(2018, Netherlands, $212M)
Bird
(2017, United States, $766M)
Voi
(2018, Sweden, $500M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TIER (2018, Germany)
$200M - Series D - Oct 2021
Voi (2018, Sweden)
$115M - Series D - Dec 2021
Beam (2018, Singapore)
$93.0M - Series B - Feb 2022
Dott (2018, Netherlands)
$85.0M - Series B - Apr 2021
Dott (2018, Netherlands)
$70.0M - Series B - Jan 2022
Voi (2018, Sweden)
$45.0M - Series C - Aug 2021
Swing Mobility (2020, South Korea)
$24.0M - Series B - Feb 2022
View all 14 Funding Rounds on Tracxn Platform

16. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Solid State Lithium Ion Batteries
08
16
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$585M (▲345%)
11(▲37.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$2.4B
26
3
38
7
Energy Storage Tech (ChargePoint)
(# Cos: 4215 | $31.7B)
Battery (Stem)
(# Cos: 1230 | $14.9B)
Secondary Battery (StoreDot)
(# Cos: 842 | $12.6B)
Lithium Ion (A123 Systems)
(# Cos: 767 | $11.9B)
Solid (QuantumScape)
(# Cos: 38 | $2.4B)
QuantumScape
(2010, United States, $1.0B)
Factorial Energy
(2021, United States, $244M)
Cymbet
(2000, United States, $152M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ProLogium (2006, Taiwan)
$326M - Series E - Oct 2021
Factorial Ene.. (2021, United States)
$200M - Series D - Jan 2022
Sakuu (2016, United States)
$62.0M - Series C - Oct 2021
Ion Storage S.. (2015, United States)
$30.0M - Series A - Feb 2022
BrightVolt (1998, United States)
$16.0M - Series E - Oct 2021
Prieto Battery (2009, United States)
$5.7M - Series C - Aug 2021
LionVolt (2020, Netherlands)
$4.5M - Seed - Nov 2021
View all 11 Funding Rounds on Tracxn Platform

17. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Newlink Group (2016, China)
$314M - Series E - Aug 2021
Newlink Group (2016, China)
$200M - Series D - Mar 2021
Wisdom Youke Network .. (2016, China)
$23.3M - Series C - Sep 2021
Newlink Group (2016, China)
Undisclosed - Series E - Jan 2022
Fuel Station Management Software
09
17
Back to index
Oil & Gas Tech (Drillinginfo)
(# Cos: 1731 | $6.4B)
Downstream (Tank Utility)
(# Cos: 449 | $1.3B)
Fuel Station Management (PDI Software)
(# Cos: 150 | $1.0B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$538M (▲132%)
4(▼20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$1.0B
22
-
150
3
PDI Software
(1983, United States)
Newlink Group
(2016, China, $976M)
Titan Cloud Software
(1999, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Free Float Electric Vehicle Rentals
10
18
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$436M (▲127%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$1.5B
10
1
32
4
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Vehicle as a Service (Dott)
(# Cos: 1042 | $8.7B)
Multi Category Vehicles (Helbiz)
(# Cos: 81 | $1.5B)
Free Float (Lime)
(# Cos: 32 | $1.5B)
Lime
(2017, United States, $1.5B)
Helbiz
(2016, United States, $8.0M)
VeoRide
(2017, United States, $16.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lime (2017, United States)
$418M - Series D - Nov 2021
VeoRide (2017, United States)
$16.0M - Series A - Jul 2021
GAZAL (2020, Saudi Arabia)
$2.0M - Seed - Apr 2021

19. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Vehicle Li-Ion Battery
11
19
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$339M (▲117%)
19(▲111%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.4B
38
7
109
11
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Components (KPIT Technologies)
(# Cos: 649 | $6.8B)
Batteries (QuantumScape)
(# Cos: 249 | $5.1B)
Multi Category Vehicles (Cygni Energy)
(# Cos: 125 | $1.4B)
Lithium Ion (StoreDot)
(# Cos: 109 | $1.4B)
StoreDot
(2012, Israel, $226M)
Cygni Energy
(2014, India, $12.1M)
Log9materials
(2014, India, $18.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SES (2012, United States)
$139M - Series D - Apr 2021
Solid Power (2011, United States)
$130M - Series B - May 2021
SES (2012, United States)
$100M - Series D - Jul 2021
StoreDot (2012, Israel)
$80.0M - Series D - Jan 2022
Britishvolt (2019, United Kingdom)
$54.2M - Series C - Feb 2022
Britishvolt (2019, United Kingdom)
$36.3M - Series B - Jul 2021
Log9materials (2014, India)
$9.8M - Series A - Jul 2021
View all 19 Funding Rounds on Tracxn Platform

20. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Autogrid (2011, United States)
$85.0M - Series D - Oct 2021
GridPoint (2003, United States)
$75.0M - Series G - Mar 2022
Span.IO (2014, United States)
$68.3M - Series C - Jan 2022
Voltus (2016, United States)
$31.1M - Series C - May 2021
Origami Energy (2013, United Kingdom)
$29.0M - Series C - Jun 2021
Virtual Peaker (2015, United States)
$16.6M - Series A - Jan 2022
SHYFT Power S.. (2016, United States)
$3.1M - Seed - Apr 2021
View all 12 Funding Rounds on Tracxn Platform
Distributed Energy Resources
Management Software
12
20
Back to index
Smart Grid (Tendril)
(# Cos: 2206 | $10.1B)
Distributed Energy Resources (Stem)
(# Cos: 251 | $2.5B)
DERs Management (Autogrid)
(# Cos: 97 | $1.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$317M (▲350%)
12(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$1.1B
54
1
97
8
Autogrid
(2011, United States, $160M)
Voltus
(2016, United States, $66.2M)
Virtual Peaker
(2015, United States, $19.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Truck Manufacturers
13
21
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$304M (▲659%)
5(▼16.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$798M
16
4
39
5
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Automaker (Tesla)
(# Cos: 3938 | $57.1B)
Commercial Vehicles (Nuro)
(# Cos: 603 | $6.3B)
Trucks (Nikola Motor)
(# Cos: 39 | $798M)
Nikola Motor
(2014, United States, $70.0M)
Tevva
(2013, United Kingdom, $90.0M)
Einride
(2016, Sweden, $160M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Volta Trucks (2019, Sweden)
$260M - Series C - Feb 2022
Einride (2016, Sweden)
$110M - Series B - May 2021
Tevva (2013, United Kingdom)
$57.0M - Series B - Nov 2021
Volta Trucks (2019, Sweden)
$43.7M - Series B - Sep 2021
HV Systems (2017, United Kingdom)
$6.9M - Series A - Jul 2021

22. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Hydrostor (2010, Canada)
$250M - Series D - Jan 2022
Hydrostor (2010, Canada)
$8.0M - Series C - Aug 2021
Green-Y (2018, Switzerland)
$2.2M - Series A - Dec 2021
Cheesecake E.. (2016, United Kingdom)
$1.4M - Seed - Sep 2021
Compressed Air Energy Storage Systems
14
22
Back to index
Energy Storage Tech (ChargePoint)
(# Cos: 4215 | $31.7B)
Energy Storage System (Ambri)
(# Cos: 644 | $7.5B)
Compressed Air (Hydrostor)
(# Cos: 28 | $472M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$262M (▲ >10K%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$472M
17
-
28
3
Hydrostor
(2010, Canada, $295M)
Gaelectric
(2004, Ireland, $9.3M)
SustainX
(2007, United States, $24.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

23. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Microgrid Operators
15
23
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$250M (▲ >10K%)
2(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$757M
27
1
52
6
Smart Grid (Tendril)
(# Cos: 2206 | $10.1B)
Distributed Energy Resources (Autogrid)
(# Cos: 251 | $2.5B)
Microgrid (Spark Power)
(# Cos: 127 | $859M)
Operators (Bboxx)
(# Cos: 52 | $757M)
Bboxx
(2005, United Kingdom, $50.0M)
Husk Power Systems
(2008, India, $31.0M)
Mobisol
(2010, Germany, $26.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Verdant Micro.. (2019, United States)
$150M - Series D - Jun 2021
VoltaGrid (2020, United States)
$100M - Series C - Dec 2021

24. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Alkaline Electrolyzers
16
24
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$229M (▲852%)
1(▼75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$264M
7
2
8
0
Energy Storage Tech (ChargePoint)
(# Cos: 4215 | $31.7B)
Hydrogen (Everfuel)
(# Cos: 188 | $1.2B)
Hydrogen Generation (BayoTech)
(# Cos: 105 | $839M)
Electrolysis (ERGOSUP)
(# Cos: 25 | $329M)
Alkaline (GreenHydrogen)
(# Cos: 8 | $264M)
GreenHydrogen
(2007, Denmark, $259M)
Clean Power Hydrogen
(2016, United Kingdom, $3.6M)
Next Hydrogen
(2007, Canada)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GreenHydrogen (2007, Denmark)
$229M - Series C - Mar 2021

25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Commercial Building Energy
Management System
17
25
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$218M (▲127%)
18(▼21.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
59
$2.7B
239
9
810
24
Energy Efficiency Tech (Alarm.com)
(# Cos: 6044 | $18.1B)
Energy Management System (ecobee)
(# Cos: 2473 | $6.9B)
Building Automation Systems
(SmartRent)
(# Cos: 1499 | $4.6B)
BEMS (Landis+Gyr)
(# Cos: 810 | $2.7B)
Landis+Gyr
(1896, Switzerland, $1.0B)
Zenatix
(2013, India, $1.4M)
Enlighted
(2009, United States, $83.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GridPoint (2003, United States)
$75.0M - Series G - Mar 2022
Measurabl (2013, United States)
$50.0M - Series C - Sep 2021
cohesion (2018, United States)
$15.0M - Series A - Nov 2021
Operto (2005, Canada)
$12.0M - Series A - Feb 2022
EnPowered (2015, Canada)
$8.6M - Seed - Sep 2021
Thing-It (2015, United States)
$8.5M - Series B - Dec 2021
Amperon (2017, United States)
$7.0M - Series A - Jan 2022
View all 18 Funding Rounds on Tracxn Platform

26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Lancium (2014, United States)
$150M - Series D - Nov 2021
Leap (2019, United States)
$33.5M - Series B - Oct 2021
EnPowered (2015, Canada)
$8.6M - Seed - Sep 2021
Enode (2020, Norway)
$2.2M - Seed - Jul 2021
GridDuck (2015, United Kingdom)
$416K - Seed - Mar 2021
Leap (2019, United States)
Undisclosed - Series B - Dec 2021
Energy Demand Response Management
Solutions
18
26
Back to index
Smart Grid (OVO Energy)
(# Cos: 2206 | $10.1B)
Utility Management (Tendril)
(# Cos: 694 | $1.8B)
Demand Response Management
(EcoFactor)
(# Cos: 163 | $876M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$195M (▲737%)
6(▲20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
33
$876M
74
4
163
8
EcoFactor
(2006, United States, $31.1M)
Comverge
(1997, United States, $37.7M)
Open Energi
(1999, United Kingdom, $169M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

27. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Lancium (2014, United States)
$150M - Series D - Nov 2021
Clir (2016, Canada)
$22.4M - Series B - May 2021
VIA (2016, United States)
$10.1M - Series A - Mar 2021
encoord (2019, Germany)
$3.9M - Series A - Jan 2022
Green Eagle Solutions (2012, Spain)
$3.1M - Series A - May 2021
Shenzhen Tuwei (2016, China)
Undisclosed - Series A - Aug 2021
TokWise (2018, Bulgaria)
Undisclosed - Seed - Jun 2021
Renewable Energy Asset Portfolio
Management Software
19
27
Back to index
Renewable Energy Tech (First Solar)
(# Cos: 2568 | $15.7B)
Horizontal (Ambri)
(# Cos: 429 | $2.5B)
Portfolio Management Software
(Greenbyte)
(# Cos: 123 | $783M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$189M (▲5054%)
7(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$783M
55
-
123
6
Greenbyte
(2010, Sweden, $6.2M)
Clir
(2016, Canada, $27.7M)
VIA
(2016, United States, $20.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Station Based Electric Kick Scooter
Rentals
20
28
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$168M (▲26.9%)
4(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$443M
18
-
119
3
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Vehicle as a Service (Lime)
(# Cos: 1042 | $8.7B)
Kick Scooters (Dott)
(# Cos: 291 | $3.1B)
Station Based (Fenix)
(# Cos: 119 | $443M)
Fenix
(2020, United States, $5.0M)
Grin Scooters
(2018, Mexico, $72.7M)
Neuron
(2016, Singapore, $34.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Superpedestrian (2012, United States)
$125M - Series C - Feb 2022
Urent (2016, Russia)
$27.0M - Series B - Feb 2022
Urent (2016, Russia)
$15.6M - Series B - Apr 2021
GetHenry (2018, Germany)
Undisclosed - Seed - Jul 2021

29. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Motorcycle Manufacturers
21
29
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$157M (▲282%)
16(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$521M
50
2
202
8
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Automaker (Tesla)
(# Cos: 3938 | $57.1B)
Two Wheelers (Ather Energy)
(# Cos: 762 | $2.7B)
Motorcycles (Zero Motorcycles)
(# Cos: 202 | $521M)
Zero Motorcycles
(2006, United States, $260M)
CAKE
(2016, Sweden, $74.0M)
Ultraviolette
(2014, India, $27.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CAKE (2016, Sweden)
$60.0M - Series B - Sep 2021
Revolt Motors (2014, India)
$20.0M - Series B - Apr 2021
Zero Motorcyc.. (2006, United States)
$20.0M - Unattributed - Jun 2021
Ultraviolette (2014, India)
$15.0M - Series C - Dec 2021
Ubco Bikes (2015, New Zealand)
$10.0M - Series B - Jun 2021
UBCO (2014, United States)
$10.0M - Series B - Sep 2021
Zero Motorcyc.. (2006, United States)
$7.0M - Unattributed - Oct 2021
View all 16 Funding Rounds on Tracxn Platform

30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Cognite (2016, Norway)
$150M - Series B - May 2021
Enmovil (2015, India)
$1.3M - Seed - Nov 2021
Cognite (2016, Norway)
Undisclosed - Series B - Feb 2022
Lone Star Ana.. (2006, United States)
Undisclosed - PE - Sep 2021
Oil and Gas Analytics Software
22
30
Back to index
Oil & Gas Tech (Drillinginfo)
(# Cos: 1731 | $6.4B)
Tech for Vertically Integrated Players (Flutura )
(# Cos: 217 | $751M)
Analytics (Cognite)
(# Cos: 51 | $377M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$151M (▲92.9%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$377M
14
-
51
5
Cognite
(2016, Norway, $225M)
Flutura
(2012, United States, $10.6M)
Kayrros
(2016, France, $37.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Fermata Energy (2010, United States)
$40.0M - Series B - Jan 2022
Virta (2013, Finland)
$36.0M - Series C - Apr 2021
EV Connect (2009, United States)
$27.2M - Series C - Dec 2021
JET Charge (2013, Australia)
$25.0M - Series B - Feb 2022
IoTecha (2015, United States)
$17.4M - Series B - Jun 2021
Monta (2020, Denmark)
$17.0M - Series A - Dec 2021
Weave Grid (2018, United States)
$15.0M - Series A - May 2021
View all 25 Funding Rounds on Tracxn Platform
Electric Vehicle Charging Station
Management Software
23
31
Back to index
Energy Storage Tech (Stem)
(# Cos: 4215 | $31.7B)
Charging (ChargePoint)
(# Cos: 1826 | $5.2B)
Station Management IT (EV Connect)
(# Cos: 161 | $345M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$149M (▲1661%)
25(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$345M
59
-
161
15
EV Connect
(2009, United States, $49.9M)
Virta
(2013, Finland, $36.0M)
ev.energy
(2018, United Kingdom, $13.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Ultracapacitors
24
32
Back to index
Energy Storage Tech (ChargePoint)
(# Cos: 4215 | $31.7B)
Ultracapacitor (Ioxus)
(# Cos: 53 | $426M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$138M (▲184%)
6(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$426M
29
6
53
4
Ioxus
(2007, United States, $58.5M)
Skeleton Tech
(2009, Germany, $224M)
Nanoramic
(2009, United States, $75.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Skeleton Tech (2009, Germany)
$61.0M - Series D - Mar 2021
Skeleton Tech (2009, Germany)
$42.0M - Series D - Jan 2022
Skeleton Tech (2009, Germany)
$34.4M - Series D - Jul 2021
Nawa Technologies (2013, France)
$20.7M - Series C - Jan 2022
Nanoramic (2009, United States)
$7.2M - Series C - Sep 2021
Skeleton Tech (2009, Germany)
Undisclosed - Series D - Mar 2021

33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Free Float Electric Scooter Rentals
25
33
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$137M (▲265%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$365M
21
1
73
5
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Vehicle as a Service (Dott)
(# Cos: 1042 | $8.7B)
Scooters (Zypp Electric)
(# Cos: 152 | $502M)
Free Float (Revel)
(# Cos: 73 | $365M)
Revel
(2018, United States, $159M)
Scoot Networks
(2011, United States, $47.0M)
Cityscoot
(2014, France, $93.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Revel (2018, United States)
$126M - Series B - Feb 2022
Check (2019, Netherlands)
$11.3M - Series B - Feb 2022

34. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Oilfield Waste Gas to Computing Power
26
34
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$128M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$163M
1
-
2
1
Oil & Gas Tech (Nabors)
(# Cos: 1731 | $6.4B)
Upstream (Drillinginfo)
(# Cos: 889 | $3.6B)
Oilfield Management (Urbint)
(# Cos: 230 | $811M)
Waste Gas to Energy (Digital Stream
Energy)
(# Cos: 2 | $163M)
Computing (Crusoe Energy)
(# Cos: 2 | $163M)
Crusoe Energy
(2018, United States, $163M)
Digital Stream Energy
(2019, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Crusoe Energy (2018, United States)
$128M - Series B - Apr 2021

35. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Residential Lithium Ion Energy Storage
Systems
27
35
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$123M (▲635%)
3(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$434M
14
-
44
6
Energy Storage Tech (ChargePoint)
(# Cos: 4215 | $31.7B)
Energy Storage System (Ambri)
(# Cos: 644 | $7.5B)
Lithium Ion (Fluence)
(# Cos: 339 | $3.9B)
Residential (Moixa)
(# Cos: 44 | $434M)
Moixa
(2006, United Kingdom, $26.7M)
sonnen
(2010, Germany, $180M)
Pika Energy
(2010, United States, $9.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ecoflow (2016, United States)
$100M - Series B - Jun 2021
Yotta Energy (2017, United States)
$13.0M - Series A - Nov 2021
ElectrIQ Power (2014, United States)
$10.0M - Series A - Jun 2021

36. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Mobile Powerbank Rental Station
Networks
28
36
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$122M (▲195%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$246M
20
-
94
2
Energy Storage Tech (Stem)
(# Cos: 4215 | $31.7B)
Charging (EV Connect)
(# Cos: 1826 | $5.2B)
Station Network (ChargePoint)
(# Cos: 794 | $3.1B)
Mobile Powerbank Rentals
(ChargeSpot)
(# Cos: 94 | $246M)
ChargeSpot
(2018, China, $83.0M)
ChargedUp
(2017, United Kingdom, $1.6M)
PlugO
(2018, India)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Shenzhen Soudian Tech.. (2017, China)
$122M - Series B - Apr 2021
BatteryXchange (2018, United States)
Undisclosed - Seed - May 2021

37. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Car Battery
29
37
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$122M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.1B
3
2
4
0
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Components (KPIT Technologies)
(# Cos: 649 | $6.8B)
Batteries (StoreDot)
(# Cos: 249 | $5.1B)
Four Wheelers (A123 Systems)
(# Cos: 90 | $3.7B)
Cars (QuantumScape)
(# Cos: 4 | $1.1B)
QuantumScape
(2010, United States, $1.0B)
Ilika
(2004, United Kingdom)
Verkor
(2001, France, $122M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Verkor (2001, France)
$122M - Series A - Jun 2021

38. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Autonomous Electric Truck
Manufacturers
30
38
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$110M (▲1000%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$162M
2
-
3
1
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Automaker (Tesla)
(# Cos: 3938 | $57.1B)
Commercial Vehicles (Nuro)
(# Cos: 603 | $6.3B)
Trucks (Nikola Motor)
(# Cos: 39 | $798M)
Autonomous (Einride)
(# Cos: 3 | $162M)
Einride
(2016, Sweden, $160M)
Udelv
(2016, United States, $1.4M)
Teleport
(2019, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Einride (2016, Sweden)
$110M - Series B - May 2021

39. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Rickshaw Manufacturers
31
39
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$108M (▲2103%)
7(▲40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$130M
13
2
178
4
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Automaker (Tesla)
(# Cos: 3938 | $57.1B)
Commercial Vehicles (Nuro)
(# Cos: 603 | $6.3B)
eRickshaws (GMW)
(# Cos: 178 | $130M)
GMW
(2010, India, $50.0M)
Euler Motors
(2015, India, $22.6M)
Altigreen
(2013, India, $48.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GMW (2010, India)
$50.0M - Series C - Mar 2021
Altigreen (2013, India)
$40.1M - Series A - Feb 2022
Euler Motors (2015, India)
$10.7M - Series B - Nov 2021
Euler Motors (2015, India)
$6.7M - Series A - Mar 2021
TEJA (2017, India)
Undisclosed - Seed - Oct 2021
Altigreen (2013, India)
Undisclosed - Series A - May 2021
Altigreen (2013, India)
Undisclosed - Series C - May 2021

40. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Two Wheeler Battery Swapping
32
40
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$107M (▲168%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$217M
6
-
14
4
Energy Storage Tech (Stem)
(# Cos: 4215 | $31.7B)
Charging (EV Connect)
(# Cos: 1826 | $5.2B)
Station Network (ChargePoint)
(# Cos: 794 | $3.1B)
Battery Swapping (Battery Smart)
(# Cos: 49 | $555M)
Electric Vehicle (SUN Mobility)
(# Cos: 47 | $323M)
Two Wheelers (Ampersand)
(# Cos: 14 | $217M)
Ampersand
(2014, Germany, $4.7M)
EHuanDian
(2015, China, $100M)
Zhang Fei Charge
(2016, China, $9.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Oyika (2018, Singapore)
$100M - Series C - Apr 2021
Ampersand (2014, Germany)
$3.5M - Series A - Apr 2021
Selex (2018, Vietnam)
$2.1M - Seed - Jan 2022
Ampersand (2014, Germany)
$1.2M - Series A - Jun 2021
Oyika (2018, Singapore)
Undisclosed - Series C - Jun 2021

41. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
FirstElement .. (2014, United States)
$105M - Series D - Nov 2021
Hydrogen Refueling Station Networks
33
41
Back to index
Energy Storage Tech (ChargePoint)
(# Cos: 4215 | $31.7B)
Hydrogen (Everfuel)
(# Cos: 188 | $1.2B)
Station Network (FirstElement Fuel)
(# Cos: 18 | $177M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$105M (▲119%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$177M
6
-
18
1
FirstElement Fuel
(2014, United States, $177M)
Symbio
(2010, France)
Hynion
(2019, Norway)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
EV Power (2010, China)
$54.7M - Series D - Jun 2021
Fermata Energy (2010, United States)
$40.0M - Series B - Jan 2022
Charge Amps (2012, Sweden)
$15.3M - Series B - Mar 2021
Magenta Chargegrid (2020, India)
$15.0M - Series A - May 2021
dcbel (2015, Canada)
$7.5M - Series B - Aug 2021
SparkCharge (2014, United States)
$7.3M - Series A - Nov 2021
ChargeX (2017, Germany)
$5.1M - Series A - Jan 2022
View all 20 Funding Rounds on Tracxn Platform
Plug in Electric Vehicle Chargers
34
42
Back to index
Electric Vehicles (Dott)
(# Cos: 8379 | $77.4B)
Charging Solutions (ChargePoint)
(# Cos: 1506 | $4.6B)
Plug in Charging (Wallbox)
(# Cos: 560 | $875M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$99.5M (▼26.2%)
20(▲5.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
40
$875M
150
5
560
22
Wallbox
(2015, Spain, $70.2M)
POD Point
(2009, United Kingdom, $58.4M)
FreeWire Technologies
(2014, United States, $103M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Commercial Redox Flow Energy Storage
Systems
35
43
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$90.1M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$821M
34
2
54
7
Energy Storage Tech (ChargePoint)
(# Cos: 4215 | $31.7B)
Energy Storage System (Ambri)
(# Cos: 644 | $7.5B)
Redox Flow (VionX Energy)
(# Cos: 60 | $831M)
Commercial (ESS)
(# Cos: 54 | $821M)
ESS
(2011, United States, $46.2M)
VionX Energy
(2002, United States, $178M)
EnStorage
(2008, Israel, $17.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Standard Energy (2013, South Korea)
$54.2M - Series D - Jan 2022
VRB Energy (2018, Canada)
$24.0M - Series B - Jul 2021
Standard Energy (2013, South Korea)
$8.9M - Series C - Apr 2021
VFlow Tech (2018, Singapore)
$3.0M - Seed - Oct 2021
ESS (2011, United States)
Undisclosed - Series C - Sep 2021

44. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Smart LED Lights
36
44
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$86.1M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
27
$1.0B
150
13
1239
11
Energy Efficiency Tech (SmartRent)
(# Cos: 6044 | $18.1B)
Lighting Products (View)
(# Cos: 1471 | $7.4B)
LED (Nanoleaf)
(# Cos: 1262 | $1.4B)
Smart Lights (EcoSense Lighting)
(# Cos: 1239 | $1.0B)
EcoSense Lighting
(2008, United States, $101M)
Nanoleaf
(2012, Canada, $2.9M)
Signify
(1891, Netherlands)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Yeelight (2013, China)
$47.1M - Series E - Dec 2021
EcoSense Ligh.. (2008, United States)
$39.1M - Series E - Apr 2021
G2V Optics (2013, Canada)
$2.0M - Seed - May 2021
Growgenics (2016, United States)
$250K - Seed - Apr 2021
Sollum Technologies (2015, Canada)
Undisclosed - Series A - Feb 2022

45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Photo-Electrochemical Hydrogen
Generators
37
45
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$85.2M (▲241%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$111M
3
-
3
1
Renewable Energy Tech (SolarEdge)
(# Cos: 2568 | $15.7B)
Solar Energy (First Solar)
(# Cos: 1368 | $9.8B)
Applications (Ubiquitous Energy)
(# Cos: 195 | $956M)
Hydrogen Generation (Enapter)
(# Cos: 9 | $136M)
Photo-Electrochemical (Heliogen)
(# Cos: 3 | $111M)
Heliogen
(2012, United States, $108M)
SoHHytec
(2020, Switzerland, $2.2M)
SunHydrogen
(2009, United States, $1.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Heliogen (2012, United States)
$83.0M - Series B - Jun 2021
SoHHytec (2020, Switzerland)
$2.0M - Seed - Jan 2022
SoHHytec (2020, Switzerland)
$162K - Seed - Mar 2021

46. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Station Based Electric Bike Rentals
38
46
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$81.0M (▲55.6%)
6(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$364M
10
-
103
4
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Vehicle as a Service (Dott)
(# Cos: 1042 | $8.7B)
Bicycles (Tembici)
(# Cos: 218 | $2.9B)
Station Based (Yulu)
(# Cos: 103 | $364M)
Yulu
(2017, India, $20.1M)
Tembici
(2010, Brazil, $127M)
Wheels
(2017, United States, $92.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tembici (2010, Brazil)
$80.0M - Series C - Sep 2021
Zoomo (2017, Australia)
$30.0M - Series B - Nov 2021
Zoomo (2017, Australia)
$20.0M - Series B - Feb 2022
Zoomo (2017, Australia)
$12.0M - Series A - May 2021
Blive (2018, India)
$1.0M - Seed - Mar 2021
Tilt (2016, India)
$125K - Seed - Mar 2021

47. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Softberry (2016, South Korea)
$67.0M - Series A - Jan 2022
ElectricPe (2021, India)
$3.0M - Seed - Nov 2021
Bonnet (2019, United Kingdom)
$1.3M - Seed - Aug 2021
ElectricPe (2021, India)
$295K - Seed - Jul 2021
AeonCharge (2020, United States)
$125K - Seed - Jan 2022
Digital Charging So.. (2017, Germany)
Undisclosed - Seed - Mar 2021
GO To-U (2016, Poland)
Undisclosed - Seed - Sep 2021
Electric Vehicle Charging Station
Discovery Platforms
39
47
Back to index
Electric Vehicles (Dott)
(# Cos: 8379 | $77.4B)
Charging Solutions (ChargePoint)
(# Cos: 1506 | $4.6B)
Charging Point Locator (Hubject)
(# Cos: 181 | $78.4M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$71.7M ( -- )
7( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$78.4M
33
-
181
3
Hubject
(2012, Germany)
Route Monkey
(2006, United Kingdom, $1.6M)
PlugSurfing
(2012, Germany)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Autonomous Electric Shuttle
Manufacturers
40
48
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$71.0M (▲101%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$170M
8
1
18
2
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Automaker (Tesla)
(# Cos: 3938 | $57.1B)
Commercial Vehicles (Nuro)
(# Cos: 603 | $6.3B)
Shuttles (Auro Robotics)
(# Cos: 26 | $170M)
Autonomous (Navya Technology)
(# Cos: 18 | $170M)
Navya Technology
(2014, France, $38.5M)
Auro Robotics
(2013, United States, $2.0M)
Local Motors
(2007, United States, $250K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
EasyMile (2014, France)
$66.0M - Series B - Apr 2021
Glydways (2016, United States)
$5.0M - Series C - Apr 2021
Local Motors (2007, United States)
Undisclosed - Series B - May 2021

49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Sunfire (2010, Germany)
$126M - Series D - Oct 2021
Watt Fuel Cell (2010, United States)
$67.0M - Series C - Jan 2022
INERGIO (2014, Switzerland)
$1.4M - Seed - Jan 2022
Solid Oxide Fuel Cells
41
49
Back to index
Energy Storage Tech (ChargePoint)
(# Cos: 4215 | $31.7B)
Fuel Cell (Plug Power)
(# Cos: 207 | $2.0B)
Solid Oxide (Delphi Automotive)
(# Cos: 39 | $1.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$68.4M (▲189%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$1.3B
29
6
39
4
Delphi Automotive
(1994, United Kingdom)
Sunfire
(2010, Germany, $159M)
Bloom Energy
(2001, United States, $973M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Pumped Heat Energy Storage Systems
42
50
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$68.0M (▲18.9%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$341M
23
1
47
7
Energy Storage Tech (ChargePoint)
(# Cos: 4215 | $31.7B)
Energy Storage System (Ambri)
(# Cos: 644 | $7.5B)
Thermal (Highview Power)
(# Cos: 71 | $786M)
Pumped Heat (Antora Energy)
(# Cos: 47 | $341M)
Antora Energy
(2017, United States, $50.1M)
Sunamp
(2006, United Kingdom, $30.4M)
Axiom Exergy
(2013, United States, $10.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Antora Energy (2017, United States)
$50.0M - Series A - Feb 2022
Sunamp (2006, United Kingdom)
$8.2M - Series B - Sep 2021
MGA Thermal Storage (2017, Australia)
$5.8M - Series A - Aug 2021
Skyven Techno.. (2013, United States)
$4.0M - Seed - Jan 2022
Malta (2018, United States)
Undisclosed - Series B - Aug 2021

51. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Smart Glass Windows
43
51
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$65.4M (▼90.9%)
6(▲20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$3.9B
13
2
16
4
Energy Efficiency Tech (SmartRent)
(# Cos: 6044 | $18.1B)
Lighting Products (EcoSense Lighting)
(# Cos: 1471 | $7.4B)
Daylighting (Kinestral Technologies)
(# Cos: 28 | $3.9B)
Smart Glasses (View)
(# Cos: 16 | $3.9B)
View
(2007, United States, $3.5B)
Kinestral Technologies
(2010, United States, $259M)
Heliotrope
(2012, United States, $1.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gauzy (2009, Israel)
$60.0M - Series D - Feb 2022
Physee (2014, Netherlands)
$4.9M - Series A - May 2021
Andluca Techn.. (2017, United States)
$400K - Seed - Sep 2021
Andluca Techn.. (2017, United States)
$100K - Seed - Mar 2021
Ambilight (2017, United States)
Undisclosed - Series C - Nov 2021
Ambilight (2017, United States)
Undisclosed - Series B - Mar 2021

52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Smart Thermostat
44
52
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$63.8M (▲337%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$425M
51
-
149
8
Energy Efficiency Tech (Alarm.com)
(# Cos: 6044 | $18.1B)
Energy Management System (SmartRent)
(# Cos: 2473 | $6.9B)
HVAC Management (tado°)
(# Cos: 403 | $750M)
Residential (ecobee)
(# Cos: 149 | $425M)
ecobee
(2007, Canada, $155M)
tado°
(2011, Germany, $153M)
EcoFactor
(2006, United States, $31.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
tado° (2011, Germany)
$46.2M - Series D - May 2021
Mysa (2016, Canada)
$16.4M - Series B - Nov 2021
Homeys (2018, France)
$1.3M - Seed - Jun 2021

53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Station Based Electric Scooter Rentals
45
53
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$63.5M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$101M
13
-
57
2
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Vehicle as a Service (Dott)
(# Cos: 1042 | $8.7B)
Scooters (Zypp Electric)
(# Cos: 152 | $502M)
Station Based (Econduce)
(# Cos: 57 | $101M)
Econduce
(2013, Mexico)
WeMo Scooter
(2016, Taiwan)
GO Sharing
(2019, Netherlands, $84.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GO Sharing (2019, Netherlands)
$60.1M - Series C - Apr 2021
Scuter (2015, Italy)
$3.4M - Seed - Dec 2021

54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Bike Rentals for Delivery
Professionals
46
54
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$62.0M (▲288%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$100M
1
-
3
1
Electric Vehicles (ChargePoint)
(# Cos: 8379 | $77.4B)
Vehicle as a Service (Dott)
(# Cos: 1042 | $8.7B)
Bicycles (Tembici)
(# Cos: 218 | $2.9B)
Station Based (Yulu)
(# Cos: 103 | $364M)
For Delivery Professionals (Zoomo)
(# Cos: 3 | $100M)
Zoomo
(2017, Australia, $100M)
Keego Mobility
(2020, Taiwan)
The Hub NYC
(2020, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zoomo (2017, Australia)
$30.0M - Series B - Nov 2021
Zoomo (2017, Australia)
$20.0M - Series B - Feb 2022
Zoomo (2017, Australia)
$12.0M - Series A - May 2021

55. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
EV Battery Swapping Station Networks
47
55
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$59.5M (▲98.4%)
15(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$323M
20
1
47
6
Energy Storage Tech (Stem)
(# Cos: 4215 | $31.7B)
Charging (EV Connect)
(# Cos: 1826 | $5.2B)
Station Network (ChargePoint)
(# Cos: 794 | $3.1B)
Battery Swapping (Battery Smart)
(# Cos: 49 | $555M)
Electric Vehicle (SUN Mobility)
(# Cos: 47 | $323M)
SUN Mobility
(2017, India, $84.0M)
Battery Smart
(2020, India, $11.4M)
Ampersand
(2014, Germany, $4.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Oyika (2018, Singapore)
$100M - Series C - Apr 2021
SUN Mobility (2017, India)
$50.0M - Series C - Oct 2021
Battery Smart (2020, India)
$7.0M - Seed - Nov 2021
Ampersand (2014, Germany)
$3.5M - Series A - Apr 2021
POWER.GLOBAL (2019, United States)
$3.5M - Series A - Apr 2021
eChargeUp (2019, India)
$2.5M - Seed - Feb 2022
Selex (2018, Vietnam)
$2.1M - Seed - Jan 2022
View all 15 Funding Rounds on Tracxn Platform

56. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
V2X Electric Vehicle Charging Station
Management Software
48
56
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$57.4M (▲3381%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$114M
5
-
7
2
Energy Storage Tech (Stem)
(# Cos: 4215 | $31.7B)
Charging (ChargePoint)
(# Cos: 1826 | $5.2B)
Station Management IT (EV Connect)
(# Cos: 161 | $345M)
Vehicle-to-Grid (Driivz)
(# Cos: 7 | $114M)
Driivz
(2012, Israel, $37.0M)
Fermata Energy
(2010, United States, $50.6M)
IoTecha
(2015, United States, $18.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Fermata Energy (2010, United States)
$40.0M - Series B - Jan 2022
IoTecha (2015, United States)
$17.4M - Series B - Jun 2021
Fermata Energy (2010, United States)
Undisclosed - Series A - Apr 2021
Driivz (2012, Israel)
Undisclosed - Series C - Mar 2021

57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Semi Solid Lithium Ion Batteries
49
57
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$56.8M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$135M
1
-
1
1
Energy Storage Tech (ChargePoint)
(# Cos: 4215 | $31.7B)
Battery (Stem)
(# Cos: 1230 | $14.9B)
Secondary Battery (A123 Systems)
(# Cos: 842 | $12.6B)
Lithium Ion (QuantumScape)
(# Cos: 767 | $11.9B)
Semisolid (24m Technologies)
(# Cos: 1 | $135M)
24m Technologies
(2010, United States, $135M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
24m Technolog.. (2010, United States)
$56.8M - Series E - May 2021
24m Technolog.. (2010, United States)
Undisclosed - Series F - Jan 2022

58. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Bramble Energy (2015, United Kingdom)
$47.4M - Series B - Feb 2022
EH Group Engine.. (2017, Switzerland)
$5.4M - Seed - Jan 2022
HYCCO (2019, France)
$1.9M - Seed - Apr 2021
PEM Fuel Cells
50
58
Back to index
Energy Storage Tech (ChargePoint)
(# Cos: 4215 | $31.7B)
Fuel Cell (Delphi Automotive)
(# Cos: 207 | $2.0B)
Proton Exchange Membrane (PEM)
(Plug Power)
(# Cos: 98 | $488M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$54.8M (▲445%)
3(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
15
$488M
41
9
98
2
Plug Power
(1997, United States)
Ballard
(1979, Canada)
Intelligent Energy
(2001, United Kingdom, $213M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

59. Energy Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
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61. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Energy Tech - Top Business Models Report
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61
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