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Tracxn – Analyst Notes # 1276 – Electric Vehicles

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Analyst Picks

  • ICONIQ Motors (2016, Shanghai, $182.5M) – Developer of electric cars
    Market: Electric Vehicles > Automaker > Cars
  • Mute (2016, South Perth, $1.3M) – Electric scooter rentals
    Market: Electric Vehicles > Vehicle-as-a-service > Scooters
  • Einride (2016, Stockholm) – Electric autonomous transport vehicle
    Market: Electric Vehicles > Automaker > Commercial Vehicles > Trucks > Autonomous

Funding Rounds

Series D, $1B
Faraday Future (2014, Gardena, $1.0B) – Developer of electric supercar

Series C, $182.5M
ICONIQ Motors (2016, Shanghai, $182.5M) – Developer of electric cars

Investors: GSR Ventures

Series B, $26M
TOGO (2015, Beijing, $57.5M) – Self-drive electric car rental app

Investors: ZhenFund, SIG China

Series A, $10M
Nikola Motor (2014, Salt Lake City, $10M) – Developer of electric trucks

Investors: Wabco

Series B, $7M
Zero Motorcycles (2006, Scotts Valley, $148M) – Electric motorcycle technology

Post IPO, $2M
Electrovaya (1997, Mississauga) – Manufactures Li-Ion polymer batteries

Seed, $1.7M
Whitecar (2016, London, $2.0M) – Electric vehicle rental services

Seed, $267K
Whitecar (2016, London, $2.0M) – Electric vehicle rental services

Investors: ESTEQ

Series A
Volocopter (2012, Bruchsal, $35.2M) – Developer of electric helicopters

Investors: Helvetia

Series A
Rivian Automotive (2009, Livonia) – Developer of electric cars

Investors: Sumitomo Corporation of Americas

Series B
Ebusbar (2010, Shenzhen) – Developer of EV charging stations and connectors

Investors: Shenzhen Capital Group, Shenzhen China Venture Capital

M&A

New Product Announcement

  • China’s Nio takes on Tesla with a car half the price of Model X

    CNBC

  • Fisker’s EMotion Electric Luxury Sedan and Flexible Solid-State Battery Make Global Debut at CES 2018 PR Newswire
  • Tesla launches a web-based version of its in-car trip planning tool TechCrunch
  • Beating Google, Tesla, this startup’s self-driving truck is all set to hit Indian roadsIndiatimes
  • Emflux One, India’s 1st indigenous electric superbike to debut at Auto Expo 2018: All details on this 80 hp 200 kmph motorcycle Financial Express
  • Tesla pick-up truck to follow the Model Y in 2019 TechKenyot
  • BYD launches unmanned driving system for monorail ecns.cn
  • Polestar Announces Initial Launch Markets For Polestar 1 Electric Cars Report
  • Morgan EV3 to go Into Production in 2018 News18
  • Mahindra Electric launches Virtual Reality drive experience for all-electric e2oPlusAutomotive World
  • URB-E’s launching a scooter sharing network at college campuses and hotels Tech News Universe
  • Genovation Cars’ To Debut GXE Electric Corvette With 789 BHP Next Month New Delhi Television
  • Onewheel® Maker Future Motion Releases 12-18 Mile Extended Range Onewheel+ XR, a Game Changer for Transportation PR Newswire
  • Rad Power Bikes Announces Model Year 2018 ebikes and Expands Lineup with new RadCity Step-Thru Model Sector Publishing Intelligence
  • Aston Martin Planning to Make All-Electric Supercar to Take on Tesla Roadster News18
  • Tesla is chosen to build another big battery in Australia after the first one proves impressive Electrek

New Geo Entry

  • Tesla’s NYC Store Sells Solar, Cars And Home Batteries Under One Roof Bloomberg
  • NextEV Starts Designing Third Production Car, Plans to Enter Europe Within Three YearsYicai Global
  • Lohia Auto eyes T & AP for setting up its second plant Indiatimes
  • Europe Largest Supercharging Station Now Open In Norway Inside EVs

Business Partnership

  • Volkswagen and Hyundai team up with Aurora on self-driving TechCrunch
  • Droom partners Mahindra, others for electric vehicles btvi.in
  • Magna collaborates with new Chinese Automaker NIO on vehicle launch Automotive World
  • GAC Group teams up with NIO to establish NEV JV Gasgoo.com

Company Announcement

  • Workhorse Group Announces Intention to Spin Off SureFly Business GlobeNewswire
  • UQM Technologies Receives Follow-on Order from DANNAR for Mobile Power Station Utility Vehicle (MPS) Powered by UQM Electric Drive Systems Business Wire
  • Transporting to the Next-Generation: Cummins Announces Availability of X12 Powered MCI Coaches in 2019 Business Wire
  • Chinese start-up Iconiq set to enter country’s electric car market from 2019 South China Morning Post

Commentary On Company

  • Tesla Solar Installations Drag On Entire U.S. Home Solar Market ValueWalk

Lawsuit


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