Automotive Unicorns

Top 36 Automotive Unicorn Startups in 2021

Startups are hard and becoming a unicorn startup is even harder, but here is a list of 36 Automotive companies that have achieved the unicorn status.

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How do unicorn startups emerge?

How are they formed?

What does it take to become one of the Unicorn startups?

These are all questions many entrepreneurs ask themselves when building their companies.

Here are 36 Automotive startups – Fair  and Aurora included – which have become unicorns.

Top 36 Automotive Unicorn Startups

AIWAYS

AIWAYS

AIWAYS is a smart car manufacturer based in Shanghai, China that creates beautiful electric vehicles that can be used in any situation.

Details of the startup:

  • Valuation:

    $1.78

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2017

  • Founders:

    Fu Qiang, Gu Feng

  • Industries:

    Artificial Intelligence, Automotive, Electric Vehicle, Manufacturing

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    CN¥5,200,000,000

  • Number of funding rounds:

    6

  • Number of investors:

    4

here

Aurora

Aurora

Aurora is building self-driving systems that deliver safety, mobility, and productivity to the world.

Details of the startup:

  • Valuation:

    $10.00

    B (

    February 2019

    )

  • Country:

    United States

  • City:

    Mountain View

  • Started in:

    2017

  • Founders:

    Chris Urmson, J. Andrew Bagnell, Sterling Anderson

  • Industries:

    Automotive, Autonomous Vehicles, Transportation

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,090,000,000

  • Number of funding rounds:

    5

  • Number of investors:

    14

here

AUTO1 Group

AUTO1 Group

An online platform connecting car buyers and sellers, AUTO1 Group offers easy-to-use services across Europe.

Details of the startup:

  • Valuation:

    $7.20

    B (

    January 2021

    )

  • Country:

    Germany

  • City:

    Berlin

  • Started in:

    2012

  • Founders:

    Christian Bertermann, Hakan Koc

  • Industries:

    Automotive, Internet, Marketplace

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,387,053,390

  • Number of funding rounds:

    10

  • Number of investors:

    23

here

Banma Network Technologies

Banma Network Technologies

Banma Network Technologies is a next-generation automotive technology company that offers the first standard operating system for cars, the AliOS.

Details of the startup:

  • Valuation:

    $1.00

    B (

    September 2018

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    Alex Shi

  • Industries:

    Automotive, Autonomous Vehicles, Internet

  • Number of employees:

    250-500

  • Funding Amount:

    $233,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    3

here

Bordrin Motors

Bordrin Motors

Bordrin's comprehensive range of smart multi-solutions bring e-mobility to life. They enable safe, comfortable, and affordable travel in a setting where new possibilities for sharing are created.

Details of the startup:

  • Valuation:

    $1.48

    B (

    June 2019

    )

  • Country:

    China

  • City:

    Nanjing

  • Started in:

    2016

  • Founders:

    Ximing Huang

  • Industries:

    Automotive, Electric Vehicle, Travel

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    CN¥2,500,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    4

here

BYTON

BYTON

BYTON is a global company that designs, develops, and markets smart connected electric vehicles.

Details of the startup:

  • Valuation:

    $2.50

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Nanjing

  • Started in:

    2016

  • Founders:

    Carsten Breitfeld, Daniel Kirchert

  • Industries:

    Automotive, Autonomous Vehicles, Electric Vehicle

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,200,000,000

  • Number of funding rounds:

    5

  • Number of investors:

    9

here

CARS24

CARS24

CARS24 brings buyers and sellers online through an intuitive, tech-enabled platform that simplifies and streamlines the pre-owned car purchase process.

Details of the startup:

  • Valuation:

    $1.00

    B (

    November 2020

    )

  • Country:

    India

  • City:

    Gurgaon

  • Started in:

    2015

  • Founders:

    Gajendra Jangid, Mehul Agrawal, Ruchit Agarwal, Vikram Chopra

  • Industries:

    Artificial Intelligence, Automotive, B2C, E-Commerce, Marketplace, Sales Automation, Software, Transaction Processing

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $393,848,044

  • Number of funding rounds:

    5

  • Number of investors:

    21

here

Cazoo

Cazoo

Cazoo is an online used car marketplace that enables you to buy, finance, and rent used cars more conveniently.

Details of the startup:

  • Valuation:

    $2.50

    B (

    June 2020

    )

  • Country:

    United Kingdom

  • City:

    London

  • Started in:

    2018

  • Founders:

    Alexander Edward Chesterman

  • Industries:

    Automotive, Car Sharing, E-Commerce, Rental

  • Number of employees:

    250-500

  • Funding Amount:

    $1,556,961,261

  • Number of funding rounds:

    8

  • Number of investors:

    20

here

Chehaoduo

Chehaoduo

Chehaoduo is the most influential online car trading platform in China that provides a set of comprehensive solutions for both individual car sellers and buyers. The company operates its business through the high-end brand Hexa, and has branches in more than 20 cities across China.

Details of the startup:

  • Valuation:

    $9.00

    B (

    March 2016

    )

  • Country:

    China

  • City:

    Beijing

  • Started in:

    2015

  • Founders:

    Mark Yang

  • Industries:

    Automotive, E-Commerce, Online Auctions

  • Number of employees:

    10,000+

  • Funding Amount:

    $3,570,000,000

  • Number of funding rounds:

    8

  • Number of investors:

    25

here

Chemao

Chemao

Chemao is a platform designed to facilitate buying and selling of used cars.

Details of the startup:

  • Valuation:

    $1

    B (

    September 2015

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2012

  • Founders:

    Guangyu Han, Wei Huang

  • Industries:

    Automotive, E-Commerce, E-Commerce Platforms, Marketplace, Online Auctions, Sales

  • Number of employees:

    50-100

  • Funding Amount:

    $198,735,094

  • Number of funding rounds:

    2

  • Number of investors:

    1

here

ECARX

ECARX

ECARX is a real-time vehicle positioning system that pinpoints the position of your car, and warns you about potential traffic jams.

Details of the startup:

  • Valuation:

    $1.49

    B (

    October 2020

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2016

  • Founders:

    No Data

  • Industries:

    Artificial Intelligence, Automotive, Information Services

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $394,323,889

  • Number of funding rounds:

    3

  • Number of investors:

    5

here

ENOVATE Motors

ENOVATE Motors

ENOVATE is a high-end new energy vehicle manufacturer employing modern technology and innovative methods to change the way people travel.

Details of the startup:

  • Valuation:

    $1.85

    B (

    April 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    No Data

  • Industries:

    Automotive, Energy, Mobile

  • Number of employees:

    500-1,000

  • Funding Amount:

    CN¥2,000,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    No Data

here

Fair

Fair

Fair car leasing is a new, economical way of purchasing or leasing a vehicle. Fair offers flexible control packages and leasing options. Choose the one that suits you best.

Details of the startup:

  • Valuation:

    $1.20

    B (

    December 2018

    )

  • Country:

    United States

  • City:

    Santa Monica

  • Started in:

    2016

  • Founders:

    Boone Park, Craig Nehamen, Georg Bauer, Jennifer Parke, Matt Cacciola, Scott Painter

  • Industries:

    Automotive, Internet, Leasing

  • Number of employees:

    100-250

  • Funding Amount:

    $2,101,000,000

  • Number of funding rounds:

    10

  • Number of investors:

    36

here

Faraday Future

Faraday Future

Faraday Future is designing, developing, and delivering a connected, intelligent, and highly-automated mobility ecosystem experience from vehicle to infrastructure.

Details of the startup:

  • Valuation:

    $3.40

    B (

    January 2021

    )

  • Country:

    United States

  • City:

    Gardena

  • Started in:

    2014

  • Founders:

    Tony Nie

  • Industries:

    Automotive, Electric Vehicle, Electronic Design Automation (EDA), Information Technology

  • Number of employees:

    500-1,000

  • Funding Amount:

    $2,383,750,000

  • Number of funding rounds:

    6

  • Number of investors:

    4

here

Huasheng Haoche

Huasheng Haoche

Huasheng Haoche provides a large variety of vehicles from international automobile giants, satisfying any desire.

Details of the startup:

  • Valuation:

    No Data

    B (

    -

    )

  • Country:

    China

  • City:

    Beijing

  • Started in:

    2015

  • Founders:

    Pengyun Chen, Xiaojun Ma

  • Industries:

    Automotive, E-Commerce, Service Industry

  • Number of employees:

    100-250

  • Funding Amount:

    $360,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    5

here

Kavak

Kavak

KAVAK is a fast-paced marketplace that enables car dealers and private sellers to communicate directly with serious buyers.

Details of the startup:

  • Valuation:

    $4.00

    B (

    October 2020

    )

  • Country:

    Mexico

  • City:

    Mexico City

  • Started in:

    2016

  • Founders:

    Carlos Julio Garcia, Roger Laughlin

  • Industries:

    Automotive, E-Commerce, Online Portals

  • Number of employees:

    500-1,000

  • Funding Amount:

    $883,250,000

  • Number of funding rounds:

    5

  • Number of investors:

    17

here

Leapmotor

Leapmotor

Leapmotor is poised to become a leading brand in China’s burgeoning electric vehicle market.

Details of the startup:

  • Valuation:

    $1.01

    B (

    November 2018

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2015

  • Founders:

    Fu Liquan, Zhu Jiangming

  • Industries:

    Automotive, Electric Vehicle, Energy, Manufacturing

  • Number of employees:

    500-1,000

  • Funding Amount:

    $1,067,748,548

  • Number of funding rounds:

    4

  • Number of investors:

    12

here

Ola Electric

Ola Electric

Ola is a mobility platform and a ride-hailing company providing intercity transport for customers.

Details of the startup:

  • Valuation:

    $1.00

    B (

    July 2019

    )

  • Country:

    India

  • City:

    Bengaluru

  • Started in:

    2017

  • Founders:

    Anand Shah, Ankit Jain

  • Industries:

    Automotive, Electric Vehicle, Manufacturing, Marketing, Sales

  • Number of employees:

    250-500

  • Funding Amount:

    $307,338,821

  • Number of funding rounds:

    5

  • Number of investors:

    7

here

Pony.ai

Pony.ai

Pony.ai is revolutionizing the autonomous vehicle sector by providing a high-quality experience that surpasses its competitors.

Details of the startup:

  • Valuation:

    $5.30

    B (

    July 2018

    )

  • Country:

    United States

  • City:

    Fremont

  • Started in:

    2016

  • Founders:

    James Peng, Tiancheng Lou

  • Industries:

    Artificial Intelligence, Automotive, Autonomous Vehicles, Transportation

  • Number of employees:

    250-500

  • Funding Amount:

    $1,093,000,000

  • Number of funding rounds:

    7

  • Number of investors:

    28

here

Proterra

Proterra

Proterra is revolutionizing transit with battery-electric bus solutions that reduce operating costs, increase passenger capacity, and provide a better ride.

Details of the startup:

  • Valuation:

    $1.05

    B (

    October 2020

    )

  • Country:

    United States

  • City:

    Burlingame

  • Started in:

    2004

  • Founders:

    Dale Hill, Ryan Popple

  • Industries:

    Automotive, Battery, Energy Storage, Manufacturing

  • Number of employees:

    250-500

  • Funding Amount:

    $679,760,700

  • Number of funding rounds:

    16

  • Number of investors:

    35

here

Rivian

Rivian

Rivian designs, develops and sells high-performance, electric driving vehicles to advance the Shift.

Details of the startup:

  • Valuation:

    $27.60

    B (

    September 2019

    )

  • Country:

    United States

  • City:

    Plymouth

  • Started in:

    2009

  • Founders:

    Robert J. Scaringe

  • Industries:

    Automotive, Electric Vehicle, Manufacturing, Transportation

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $8,201,250,000

  • Number of funding rounds:

    9

  • Number of investors:

    14

here

Rivigo

Rivigo

Rivigo, a technology enabled logistics platform provider, helps customers move goods from origins to destinations with efficiency and reliability.

Details of the startup:

  • Valuation:

    $1.07

    B (

    July 2019

    )

  • Country:

    India

  • City:

    Gurgaon

  • Started in:

    2014

  • Founders:

    Deepak Garg, Gazal Kalra

  • Industries:

    Automotive, Freight Service, Logistics, Shipping, Software, Transportation

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $268,701,256

  • Number of funding rounds:

    11

  • Number of investors:

    6

here

Singulato Motors

Singulato Motors

Singulato Motors is the world’s first electric car startup to cover smart cars, new energy vehicles, vehicle networking services and solutions, based on the next development stage of smart.

Details of the startup:

  • Valuation:

    $3.50

    B (

    October 2019

    )

  • Country:

    China

  • City:

    Beijing

  • Started in:

    2014

  • Founders:

    Shen Haiyin

  • Industries:

    Automotive, Electric Vehicle, Industrial Automation

  • Number of employees:

    250-500

  • Funding Amount:

    $1,082,404,495

  • Number of funding rounds:

    4

  • Number of investors:

    6

here

SITECH DEV

SITECH DEV

SITECH DEV is a company focused on bringing space travel to our fingertips. From rockets and spacecrafts to satellites, they provide unique solutions for all of your needs.

Details of the startup:

  • Valuation:

    $1.00

    B (

    May 2019

    )

  • Country:

    China

  • City:

    Guiyang

  • Started in:

    2017

  • Founders:

    No Data

  • Industries:

    Automotive, Logistics, Space Travel, Transportation

  • Number of employees:

    1-10

  • Funding Amount:

    No Data

  • Number of funding rounds:

    2

  • Number of investors:

    3

here

Souche

Souche

Souche is the leading second-hand car trading company that provides quality services for all types of cars.

Details of the startup:

  • Valuation:

    $3.00

    B (

    November 2017

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2012

  • Founders:

    Junhong Yao

  • Industries:

    Automotive, FinTech, Internet, Leasing, SaaS

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,213,400,000

  • Number of funding rounds:

    7

  • Number of investors:

    17

here

Tekion

Tekion

Tekion is a next-gen, self-serving platform that leverages advanced machine learning and AI to provide a personalized and seamless consumer experience.

Details of the startup:

  • Valuation:

    $1.00

    B (

    October 2020

    )

  • Country:

    United States

  • City:

    San Ramon

  • Started in:

    2016

  • Founders:

    Guru Sankararaman, Jay Vijayan

  • Industries:

    Artificial Intelligence, Automotive, Big Data, Machine Learning, Software

  • Number of employees:

    250-500

  • Funding Amount:

    $185,100,000

  • Number of funding rounds:

    5

  • Number of investors:

    12

here

Teld New Energy

Teld New Energy

Teld New Energy is a dedicated team of industry-leading experts who are passionate about finding and implementing the technology that powers electric vehicles.

Details of the startup:

  • Valuation:

    $1.12

    B (

    December 2019

    )

  • Country:

    China

  • City:

    Qingdao Shi

  • Started in:

    2014

  • Founders:

    Yongguang Guo

  • Industries:

    Automotive, Electric Vehicle, Energy, Transportation

  • Number of employees:

    250-500

  • Funding Amount:

    CN¥2,753,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    8

here

Tuhu

Tuhu

Tuhu is an automotive supplier delivering high value, innovative products and services.

Details of the startup:

  • Valuation:

    $1.16

    B (

    September 2018

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2011

  • Founders:

    Min Chen

  • Industries:

    Automotive, E-Commerce, Service Industry

  • Number of employees:

    500-1,000

  • Funding Amount:

    $874,783,159

  • Number of funding rounds:

    7

  • Number of investors:

    14

here

Via

Via

Via offers a flexible, on-demand transportation service to help you get from home to work in a safe, fun, and affordable way.

Details of the startup:

  • Valuation:

    $2.25

    B (

    March 2020

    )

  • Country:

    United States

  • City:

    New York

  • Started in:

    2012

  • Founders:

    Daniel Ramot, Oren Shoval

  • Industries:

    Automotive, Mobile Apps, Real Time, Ride Sharing, Transportation

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $647,064,111

  • Number of funding rounds:

    7

  • Number of investors:

    23

here

Waymo

Waymo

We focus on self-driving technology to improve transportation and bring their customers an amazing experience.

Details of the startup:

  • Valuation:

    $30

    B (

    April 2021

    )

  • Country:

    United States

  • City:

    Mountain View

  • Started in:

    2009

  • Founders:

    No Data

  • Industries:

    Automotive, Autonomous Vehicles, Robotics, Sensor, Software, Transportation

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $3,000,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    11

here

WM Motor

WM Motor

WM Motor is an all-electric company that designs, builds, and markets super safe zero emissions vehicles.

Details of the startup:

  • Valuation:

    $5.00

    B (

    March 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    Bin Lu, Hui Shen, Ligang Du

  • Industries:

    Automotive, Autonomous Vehicles, Electric Vehicle, Manufacturing

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $4,859,399,622

  • Number of funding rounds:

    6

  • Number of investors:

    24

here

YH Global

YH Global

YH Global provides comprehensive transport distribution solutions that enable cost savings, faster turnaround times, and improved efficiency. They have a full service logistics company that integrates all modes of transportation including air, sea, road, and rail to transport your goods worldwide.

Details of the startup:

  • Valuation:

    $1.00

    B (

    September 2017

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    1997

  • Founders:

    Zhang Quan

  • Industries:

    Automotive, Freight Service, Logistics, Supply Chain Management, Transportation

  • Number of employees:

    50-100

  • Funding Amount:

    $182,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    5

here

Yidao Yongche

Yidao Yongche

Yidao Yongche is a platform that enables users to book professional car reservation services online, making it easier for users to find the right cars and service providers for their needs.

Details of the startup:

  • Valuation:

    $1

    B (

    October 2015

    )

  • Country:

    China

  • City:

    Beijing

  • Started in:

    2010

  • Founders:

    Hang Zhou

  • Industries:

    Automotive, E-Commerce

  • Number of employees:

    5,000-10,000

  • Funding Amount:

    $790,000,000

  • Number of funding rounds:

    7

  • Number of investors:

    9

here

YinLong Group

YinLong Group

YinLong Group is a technology industry leader in the manufacturing and supplying lithium batteries, materials, and tools for use in electric vehicles.

Details of the startup:

  • Valuation:

    $1.50

    B (

    December 2016

    )

  • Country:

    China

  • City:

    Zhuhai

  • Started in:

    2008

  • Founders:

    Yincang Wei

  • Industries:

    Automotive, Battery, Energy, Manufacturing, Public Transportation

  • Number of employees:

    1-10

  • Funding Amount:

    $432,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    2

here

Youxia Motors

Youxia Motors

Youxia Motors is a niche EV manufacturer that provides high quality production and a wide range of services.

Details of the startup:

  • Valuation:

    $3.35

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Minhang

  • Started in:

    2014

  • Founders:

    Will Lee

  • Industries:

    Automotive, Electric Vehicle, Industrial Design, Manufacturing

  • Number of employees:

    100-250

  • Funding Amount:

    $1,334,520,263

  • Number of funding rounds:

    4

  • Number of investors:

    5

here

Zhidou

Zhidou

Zhidou is a leading pure electric vehicle brand that offers “micro-travel vehicles”.

Details of the startup:

  • Valuation:

    $1.26

    B (

    December 2017

    )

  • Country:

    China

  • City:

    Ninghai

  • Started in:

    2006

  • Founders:

    Wenguang Bao

  • Industries:

    Automotive, Transportation

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    CN¥3,000,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    1

here
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