Top 100 Electric Vehicle Startups to Watch in 2026
The electric vehicle sector is expanding far beyond just manufacturing cars. Companies are now focusing on critical areas like battery technology, autonomous driving software, and charging infrastructure.
This list includes major players like Wayve, which has raised $1.3 billion for its AI driving software. It also features Group14 Technologies, a battery company with $1.2 billion in funding.
Below is our list of 100 Electric Vehicle startups worth keeping an eye on.
Failory's Top 10 Picks
Tether builds an AI platform that turns parked electric vehicles into a vast, distributed energy storage network. Their software optimizes EV charging and discharging to support the power grid, enabling a greater reliance on renewable energy.
| Headquarters | Stockholm, Stockholms Lan, Sweden |
| Year Founded | 2022 |
| Founders | Luis Medina Rivas, Martim Perestrelo |
| Funding Amount | $1.5M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Pre-Seed |
| Top Investors | Techstars, K Fund, Draper B1, Enzo Ventures, Inclimo Climate Tech Fund |
Einride builds a freight technology platform that provides digital, electric, and autonomous shipping solutions. Their ecosystem of connected trucks and software helps companies make their freight operations more sustainable and efficient.
| Headquarters | Stockholm, Stockholms Lan, Sweden |
| Year Founded | 2016 |
| Founders | Filip Lilja, Linnéa Kornehed, Robert Falck |
| Funding Amount | $752.3M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Plug and Play, Temasek Holdings, EQT Ventures, Northzone, IonQ |
Wayve develops AI software for automated driving that learns from data to navigate complex environments. Their system uses an end-to-end deep learning model to teach cars how to drive, creating a scalable platform for autonomous vehicles.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2017 |
| Founders | Alex Kendall, Amar Shah, Jeff Hawke |
| Funding Amount | $1.3B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Grant |
| Top Investors | NVIDIA, Microsoft, Eclipse Ventures, Uber, Bossa Invest |
FERNRIDE provides an autonomous, electric trucking platform designed for logistics hubs and shipping ports. Their technology combines full autonomy with remote human teleoperation, enabling scalable and efficient yard operations without a driver physically in the cab.
| Headquarters | Munich, Bayern, Germany |
| Year Founded | 2019 |
| Founders | Hendrik Kramer, Jean-Michael Georg, Maximilian Fisser |
| Funding Amount | $82.1M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | Speedinvest, 10x Founders, Munich Re Ventures, Fly Ventures, Promus Ventures |
Group14 Technologies manufactures a silicon-carbon composite that serves as a drop-in replacement for graphite anodes in lithium-ion batteries. Their SCC55™ material boosts battery performance, delivering higher energy density and faster charging for products like electric vehicles and consumer electronics.
| Headquarters | Woodinville, Washington, United States |
| Year Founded | 2015 |
| Founders | Aaron Feaver, Rick Costantino, Rick Luebbe |
| Funding Amount | $1.2B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Lightrock, OMERS Ventures, Yaletown Partners, Decarbonization Partners, Vsquared Ventures |
Ultraviolette Automotive builds high-performance electric motorcycles that combine advanced battery technology with an aviation-inspired design. They create vehicles that offer a premium, sustainable riding experience for the modern commuter.
| 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 |
Factorial Energy develops solid-state battery technology to increase the safety and performance of electric vehicles. Their batteries offer a powerful energy storage option for the automotive sector, as well as for residential and other critical applications.
| Headquarters | Woburn, Massachusetts, United States |
| Year Founded | 2021 |
| Founders | Alex Yu, Siyu Huang |
| Funding Amount | $240M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series D |
| Top Investors | Stellantis, Hyundai Motor Company, WAVE Equity Partners, Kia Motors, Mercedes Benz |
EV Realty develops and owns grid-scale charging infrastructure designed for commercial electric vehicle fleets. They focus on powering last-mile delivery and service fleets, helping these businesses make the critical transition to electric vehicles.
| Headquarters | San Francisco, California, United States |
| Year Founded | 2021 |
| Founders | Patrick S. |
| Funding Amount | $103M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Private Equity |
| Top Investors | Alpaca VC, Fifth Wall, NGP Energy Capital Management, NGP Energy Technology Partners, Segue Sustainable Infrastructure |
Telo Trucks manufactures a compact electric vehicle designed to navigate city life with the utility of a standard pickup. Their innovative truck offers the footprint of a small car, making it practical for urban dwellers who also need capacity for weekend adventures.
| Headquarters | San Carlos, California, United States |
| Year Founded | 2022 |
| Founders | Forrest North, Jason Marks, Yves Behar |
| Funding Amount | $26.8M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Neo, GoAhead Ventures, Spero Ventures, MCJ, Nova Threshold |
Euler Motors builds electric three- and four-wheelers to accelerate the shift toward mass electric mobility. Their vehicles are specifically designed for commercial use, targeting the logistics and last-mile delivery market.
| Headquarters | New Delhi, Delhi, India |
| Year Founded | 2018 |
| Founders | Saurav Kumar |
| Funding Amount | $224.7M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series D |
| Top Investors | Alteria Capital, responsAbility Investments, Blume Ventures, British International Investment, GIC |
90 Additional Electric Vehicle Startups Worth Following
Those top 10 picks are just a small slice of what’s happening in the EV industry right now. All over the world, founders are building, raising funds, and launching new ways for people to get around.
Together, these companies have raised tens of billions of dollars, and many are just getting started. Here’s a look at the other startups shaping the electric vehicle scene.
| Startup | Main Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
 Rad Power Bikes | Environment | 2007 | $329.3M | Series D |
 Spring Free EV | Mobility | 2021 | $38.2M | Private Equity |
 Volkswagen | Mobility | 1937 | $35M | Grant |
 Electrify America | Mobility | 2016 | $450.7M | Grant |
 WAAT | Mobility | 2018 | $130M | Venture Round |
 Slate Auto | Mobility | — | $111M | Series B |
 Harbinger | Mobility | 2021 | $202.7M | Series B |
 Electra.aero | Mobility | 2020 | $115M | Series B |
 Also | Mobility | 2025 | $305M | Venture Round |
 ePower | Mobility | 2018 | $48M | Venture Round |
 itselectric | Energy | 2021 | $11M | Grant |
 Regent | Mobility | 2020 | $87M | Venture Round |
 BasiGo | Mobility | 2021 | $63.1M | Series A |
 Revel | Media | 2018 | $274M | Debt Financing |
 VOI Technology | Media | 2018 | $595.3M | Debt Financing |
 Dat Bike | Mobility | 2021 | $41.9M | Series B |
 Standard Fleet | Mobility | 2022 | $20M | Series A |
 Ample | Mobility | 2014 | $326.9M | Grant |
 SparkCharge | Mobility | 2017 | $98.1M | Series A |
 VEMO | Energy | 2021 | $373.3M | Private Equity |
 Blue Energy Motors | Mobility | 2022 | $30M | Venture Round |
 Monarch Tractor | AgTech | 2017 | $214M | Venture Round |
 Glydways | Energy | 2016 | $212.5M | Undisclosed |
 ElectricFish | Mobility | 2019 | $2.7M | Seed |
 GreenCell Mobility | Mobility | 2019 | $501.2M | Debt Financing |
 ARC Ride | Hardware | 2020 | $15M | Debt Financing |
 BluSmart Mobility | Mobility | 2019 | $486.3M | Series B |
 EnviroSpark | Mobility | 2014 | $65M | Private Equity |
 Candela | Sports | 2014 | $96.2M | Venture Round |
 Simple Energy | Mobility | 2019 | $71.9M | Convertible Note |
 Avatr | Mobility | 2018 | CN¥16.7B | Series C |
 XENDEE Corporation | Energy | 2018 | $23M | Series B |
 Qnovo | Mobility | 2010 | $40.6M | Series C |
 Cowboy | Mobility | 2017 | $156.8M | Debt Financing |
 BlueOval SK | Mobility | 2022 | $9.6B | Debt Financing |
 AMPECO | Mobility | 2018 | $39M | Series B |
 Vilego | Mobility | 2020 | CN¥50M | Series B |
 Zypp Electric | Energy | 2017 | $90.9M | Series C |
 FLO | Mobility | 2009 | $473.4M | Series E |
 Bollinger Motors | Mobility | 2015 | $13M | Debt Financing |
 Maeving | Mobility | 2019 | £12M | Series A |
 Battery Smart | Mobility | 2019 | $231M | Series B |
 Lynkwell | Mobility | 2016 | $30M | Private Equity |
 Ford | Mobility | 1916 | — | — |
 Brill Power | Hardware | 2016 | $10.6M | Series A |
 Pebble | Mobility | 2022 | $13.6M | Series A |
 Sheeva.AI | AI | 2016 | $11.8M | Series A |
 The Mobility House | Mobility | 2009 | $52.7M | Grant |
 Redwood Materials | Manufacturing | 2017 | $3.8B | Series D |
 Yulu | Mobility | 2017 | $143.4M | Corporate Round |
 Lightship | Mobility | 2020 | $61.2M | Series B |
 Orange EV | Mobility | 2012 | $35.4M | Grant |
 dcbel | AI | 2015 | $145M | Venture Round |
 Zero Motorcycles | Mobility | 2006 | $442.6M | Undisclosed |
 Windrose Technology | Mobility | 2022 | $110M | Series B |
 Snap-E Cabs | Mobility | 2022 | $5M | Seed |
 Bolt.Earth | Mobility | 2017 | $29M | Series A |
 KG Motors | Mobility | 2018 | ¥1.8B | Series A |
 Tenways | Mobility | 2019 | CN¥301.7M | Series B |
 Matter | Mobility | 2019 | $26.9M | Series B |
 Kazam | Mobility | 2020 | $18.7M | Series B |
 ChargeLab | Mobility | 2016 | $65.4M | Series A |
 Rimac Group | Mobility | 2009 | $875.8M | Series D |
 Voyah | Mobility | 2019 | CN¥5B | Series A |
 ZF Group | Mobility | 1915 | $1.5B | Debt Financing |
 Exponent Energy | Mobility | 2020 | $44.4M | Series B |
 Forest | Mobility | 2020 | $56.8M | Series B |
 Magenta Mobility | Mobility | 2018 | $69.8M | Series B |
 SWTCH | Environment | 2016 | $48.9M | Grant |
 Hozon | Mobility | 2014 | CN¥26.4B | Venture Round |
 GAC Aion New Energy Automobile | Mobility | 2017 | CN¥18.3B | Series A |
 DENZA | Mobility | 2010 | CN¥350M | Corporate Round |
 Blitz Electric Mobility | Mobility | 2019 | $2.6M | Seed |
 AIR VEV | Mobility | 2017 | $39M | Series A |
 Clean Motion | Mobility | 2010 | $1.4M | Grant |
 Powerdot | Enterprise | 2018 | $415M | Debt Financing |
 WM Motor | Mobility | 2015 | $5.3B | Series D |
 Monta | Mobility | 2020 | $130M | Series B |
 SUN Mobility | Mobility | 2017 | $109.5M | Venture Round |
 k2-mobility | Mobility | 2020 | $4M | Seed |
 Vessev | Sports | 2017 | $4.4M | Venture Round |
 EMotorad | Mobility | 2020 | $26M | Pre-Seed |
 Ati Motors | Mobility | 2017 | $41.2M | Series B |
 Alt Mobility | Mobility | 2020 | $17.7M | Venture Round |
 SUNSPEKER | Marketing | 2022 | €2.1M | Debt Financing |
 Be.EV | Media | 2019 | £165M | Debt Financing |
 IONITY | Mobility | 2017 | €1.3B | Debt Financing |
 Zoomo | Logistics | 2017 | $135.6M | Venture Round |
 Evera | Mobility | 2019 | $10.9M | Debt Financing |
 EKA Mobility | Mobility | 2019 | ₹4B | Convertible Note |
