The automotive industry is seeing major changes driven by new companies. These startups are working on everything from self-driving cars to how vehicles are built and sold.
Companies like Waymo, with $11.1 billion in funding, are focused on autonomous driving. Others, such as Divergent, have raised $1.1 billion to reshape vehicle manufacturing itself.
Below is our list of 100 Automotive startups worth keeping an eye on.
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Get the Sheet for $50May Mobility develops autonomous driving technology to transform public transit. Their fleets of self-driving shuttles are designed to provide communities with safe and accessible transportation.
| Headquarters | Ann Arbor, Michigan, United States |
| Year Founded | 2017 |
| Founders | Alisyn Malek, Edwin Olson, Steve Vozar |
| Funding Amount | $309.6M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Corporate Round |
| Top Investors | Y Combinator, SV Angel, Liquid 2 Ventures, Toyota Motor, Palm Drive Capital |
Divergent created the Divergent Adaptive Production System, a complete software and hardware platform for designing and building complex vehicle structures. Their system uses 3D printing to replace traditional manufacturing, enabling faster and more efficient production for the automotive and aerospace industries.
| Headquarters | Torrance, California, United States |
| Year Founded | 2013 |
| Founders | Kevin Czinger |
| Funding Amount | $1.1B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Alumni Ventures, Hexagon, Horizon Technology Finance, Hedosophia, MUUS |
Waymo develops autonomous driving technology with the goal of making transportation safer and easier for people and things. Their Waymo Driver system powers a commercial ride-hailing service and is also being applied to trucking and local delivery solutions.
| Headquarters | Mountain View, California, United States |
| Year Founded | 2009 |
| Founders | Anthony Levandowski, Sebastian Thrun |
| Funding Amount | $11.1B |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series C |
| Top Investors | Andreessen Horowitz, Temasek Holdings, Tiger Global Management, Fidelity, Alphabet |
First Brands Group develops and sells a wide range of premium automotive parts across the globe. The company manages a portfolio of market-leading brands, including FRAM filters, Raybestos brakes, and TRICO wiper blades.
| Headquarters | Rochester, Michigan, United States |
| Year Founded | 2018 |
| Founders | — |
| Funding Amount | $1.1B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Debt Financing |
| Top Investors | — |
ServiceUp built a management platform that streamlines the complex process of vehicle repairs for commercial fleets and insurance carriers. Their system coordinates everything from initial service requests and quotes to final payments, aiming to reduce vehicle downtime and administrative overhead.
| Headquarters | Los Gatos, California, United States |
| Year Founded | 2020 |
| Founders | Brett Carlson, Brett Dashe, Jaclyn Imani, Javier Muniz |
| Funding Amount | $69.5M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series B |
| Top Investors | Tiger Global Management, PeakSpan Capital, Hearst Ventures, Capital Midwest Fund, Trestle Partners |
Forterra develops autonomous systems for ground-based vehicles, focusing on defense and industrial use cases. Their technology is designed to be integrated into new or existing fleets, providing advanced self-driving capabilities for complex missions.
| Headquarters | Clarksburg, Maryland, United States |
| Year Founded | 2002 |
| Founders | Alberto Lacaze, Karl Murphy |
| Funding Amount | $411.3M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Undisclosed |
| Top Investors | XYZ Venture Capital, Luminar, SoftBank Vision Fund, Crescent Cove Advisors, Enlightenment Capital |
Impel develops an AI-powered digital engagement platform for vehicle retailers of every type and size. Their technology uses augmented reality and automated communication tools to create immersive digital showrooms and better connect with car buyers online.
| Headquarters | Syracuse, New York, United States |
| Year Founded | 2011 |
| Founders | Devin Daly, Michael Quigley |
| Funding Amount | $130M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Private Equity |
| Top Investors | Silversmith Capital Partners, Wavecrest Growth Partners, Topmark Partners, StartFast Ventures, UpVentures Capital |
Tier IV develops Autoware, an all-in-one open-source software for autonomous driving. Their technology provides a complete software stack for companies to develop, test, and deploy intelligent vehicles.
| Headquarters | Tokyo, Tokyo, Japan |
| Year Founded | 2015 |
| Founders | Shinpei Kato |
| Funding Amount | $457.8M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Debt Financing |
| Top Investors | Mitsubishi Corporation, Sony Innovation Fund, UTEC - The University of Tokyo Edge Capital Partners, JAFCO, KDDI |
Spinny operates an online platform for buying certified used cars, designed to make the process transparent and hassle-free. The company manages the end-to-end transaction, including vehicle inspections and paperwork, to provide a reliable car ownership experience.
| Headquarters | Gurgaon, Haryana, India |
| Year Founded | 2015 |
| Founders | Ganesh Pawar, Mohit Gupta, Niraj Singh, Ramanshu Mahaur |
| Funding Amount | $683.5M |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series F |
| Top Investors | General Catalyst, Elevation Capital, Accel, IAN Group, Blume Ventures |
Ultraviolette Automotive manufactures high-performance electric two-wheelers with advanced battery technology. The company is known for its aviation-inspired designs and a focus on creating a superior riding experience for its users.
| Headquarters | Bangalore, Karnataka, India |
| Year Founded | 2016 |
| Founders | Narayan Subramaniam, Niraj Rajmohan |
| Funding Amount | $90.2M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | TDK Ventures, Speciale Invest, Lingotto, Zoho, TVS Motor Company |
90 Additional Automotive Startups Worth Following
Our top picks are just a small sample of the activity happening in the automotive world. Across the board, companies are tackling challenges in mobility and AI, and have raised tens of billions of dollars to fund their growth. Some of these names are just getting started, while others are already well known. Here is a look at the other 90 companies that are shaping the future of how we get around.