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Top 17 Electric Vehicle Unicorn Companies in 2022

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I'm sure you've heard the term unicorn before.

It refers to a privately held company that has achieved a $1 billion valuation.

These private companies are rare because reaching the billion-dollar mark is incredibly challenging.

Only 0.004% of all venture-backed companies achieve this distinction – but the Electric Vehicle industry is home to 17 unicorns including some of the biggest in the world.

17 Electric Vehicle Unicorns Companies

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Bolt

Bolt

Bolt provides a seamless end-to-end transportation experience in cities through multimodal services, including ride-hailing, food delivery and car-sharing.

Details of the startup:

  • Valuation:

    $11.00

    B (

    October 2021

    )

  • Country:

    United States

  • City:

    San Francisco

  • Started in:

    2014

  • Founders:

    Eric Feldman, Ryan Breslow

  • Industries:

    E-Commerce, Fraud Detection, Mobile Payments, Payments

  • Number of employees:

    500-1,000

  • Funding Amount:

    $963.00M

  • Number of funding rounds:

    11

  • Number of investors:

    76

here

Ola Electric Mobility

Ola Electric Mobility

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

Details of the startup:

  • Valuation:

    $5.00

    B (

    July 2019

    )

  • Country:

    India

  • City:

    Bengaluru

  • Started in:

    2019

  • Founders:

    Anand Shah, Ankit Jain, Bhavish Aggarwal

  • Industries:

    Automotive, Electric Vehicle, Manufacturing, Sales, Sustainability

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $822.29M

  • Number of funding rounds:

    9

  • Number of investors:

    19

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:

    $193.24M

  • Number of funding rounds:

    8

  • Number of investors:

    28

here

Redwood Materials

Redwood Materials

Redwood Materials is a battery recycling startup that makes electric vehicles and sustainable materials for circular supply chains.

Details of the startup:

  • Valuation:

    $3.70

    B (

    July 2021

    )

  • Country:

    United States

  • City:

    Carson City

  • Started in:

    2017

  • Founders:

    JB Straubel

  • Industries:

    Advanced Materials, Electric Vehicle, Renewable Energy, Sustainability

  • Number of employees:

    50-100

  • Funding Amount:

    $792.00M

  • Number of funding rounds:

    5

  • Number of investors:

    13

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:

    Shanghai

  • Started in:

    2014

  • Founders:

    Huang Xiuyuan, Will Lee

  • Industries:

    Automotive, Electric Vehicle, Industrial Design, Manufacturing

  • Number of employees:

    100-250

  • Funding Amount:

    $930.00M

  • Number of funding rounds:

    4

  • Number of investors:

    5

here

Hozon Auto

Hozon Auto

Hozon is an electric vehicle startup that uses technology to develop intelligent electric vehicle models.

Details of the startup:

  • Valuation:

    $2.74

    B (

    October 2021

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2014

  • Founders:

    Yunzhou Fang, Zhang Yong

  • Industries:

    Automotive, Electric Vehicle, Manufacturing

  • Number of employees:

    250-500

  • Funding Amount:

    $300.00M

  • Number of funding rounds:

    6

  • Number of investors:

    10

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:

    $330.93M

  • Number of funding rounds:

    5

  • Number of investors:

    9

here

Star Charge

Star Charge

Star Charge focuses on developing and manufacturing the new energy vehicle charging equipment.

Details of the startup:

  • Valuation:

    $2.41

    B (

    May 2021

    )

  • Country:

    China

  • City:

    Changzhou

  • Started in:

    2014

  • Founders:

    Shao Danwei

  • Industries:

    Automotive, Electric Vehicle, Electronics

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $125.58M

  • Number of funding rounds:

    2

  • Number of investors:

    6

here

Tier

Tier

TIER Mobility is a micro-mobility company that provides sustainable ride-sharing solutions to its customers.

Details of the startup:

  • Valuation:

    $2.00

    B (

    October 2021

    )

  • Country:

    Germany

  • City:

    Berlin

  • Started in:

    2018

  • Founders:

    Julian Blessin, Lawrence Leuschner, Matthias Laug

  • Industries:

    Electric Vehicle, GreenTech, Ride Sharing, Transportation

  • Number of employees:

    500-1,000

  • Funding Amount:

    $667.38M

  • Number of funding rounds:

    7

  • Number of investors:

    19

here

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:

    $100.00M

  • Number of funding rounds:

    7

  • Number of investors:

    5

here

StoreDot

StoreDot

StoreDot is a battery developer and materials innovation leader, developing ground-breaking battery technologies for electric vehicles.

Details of the startup:

  • Valuation:

    $1.50

    B (

    January 2022

    )

  • Country:

    Israel

  • City:

    Herzliya

  • Started in:

    2012

  • Founders:

    Doron Myersdorf, Gil Rosenman, Simon Litsyn

  • Industries:

    Advanced Materials, Automotive, Battery, Electric Vehicle

  • Number of employees:

    100-250

  • Funding Amount:

    $206.00M

  • Number of funding rounds:

    13

  • Number of investors:

    14

here

Einride

Einride

Einride is an electric and autonomous freight tech company that designs and develops technologies for transportation systems.

Details of the startup:

  • Valuation:

    $1.44

    B (

    December 2021

    )

  • Country:

    Sweden

  • City:

    Stockholm

  • Started in:

    2016

  • Founders:

    Filip Lilja, Linnea Kornehed, Robert Falck

  • Industries:

    Autonomous Vehicles, Electric Vehicle, Logistics, Transportation

  • Number of employees:

    100-250

  • Funding Amount:

    $150.82M

  • Number of funding rounds:

    7

  • Number of investors:

    15

here

Motorway

Motorway

Motorway is an online used-car marketplace for professional car dealers that sells their cars using their smartphones.

Details of the startup:

  • Valuation:

    $1.33

    B (

    November 2021

    )

  • Country:

    United Kingdom

  • City:

    London

  • Started in:

    2017

  • Founders:

    Alex Buttle, Harry Jones, Tom Leathes

  • Industries:

    Automotive, Consumer Reviews, E-Commerce, Electric Vehicle, Marketplace

  • Number of employees:

    100-250

  • Funding Amount:

    $274.59M

  • Number of funding rounds:

    5

  • Number of investors:

    12

here

SVOLT

SVOLT

SVOLT (Silicon Valley Organization of Lithium Technologies) is a Silicon Valley-based lithium battery technology company that offers electric vehicle (EV) materials, cells, modules, packs, systems and BMS to drive the EV revolution.

Details of the startup:

  • Valuation:

    $1.16

    B (

    June 2020

    )

  • Country:

    China

  • City:

    Changzhou

  • Started in:

    2018

  • Founders:

    No Data

  • Industries:

    Battery, Electric Vehicle, Energy, Energy Storage, Manufacturing

  • Number of employees:

    5,000-10,000

  • Funding Amount:

    $300.00M

  • Number of funding rounds:

    4

  • Number of investors:

    25

here

TELD

TELD

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

  • Started in:

    2014

  • Founders:

    Yongguang Guo

  • Industries:

    Automotive, Electric Vehicle, Energy, Transportation

  • Number of employees:

    250-500

  • Funding Amount:

    $435.98M

  • Number of funding rounds:

    4

  • Number of investors:

    8

here

Leap Motor

Leap Motor

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:

    $1,761.19M

  • Number of funding rounds:

    4

  • Number of investors:

    12

here

VOI

VOI

Voi is a micro-mobility startup that provides electric scooters for last-mile transportation.

Details of the startup:

  • Valuation:

    $1.00

    B (

    December 2021

    )

  • Country:

    Sweden

  • City:

    Stockholm

  • Started in:

    2018

  • Founders:

    Adam Jafer, Douglas Stark, Filip Lindvall, Fredrik Hjelm, Johan Pietilä Holmner, Keith Richman

  • Industries:

    Electric Vehicle, Public Transportation, Rental, Transportation

  • Number of employees:

    500-1,000

  • Funding Amount:

    $517.90M

  • Number of funding rounds:

    10

  • Number of investors:

    29

here
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