Top 50 Electric Vehicle Companies Worldwide in 2023-24

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Company

Headquarter

Funding

Details

1

Tesla

USA

$20.2B

Tesla accelerates the transition to electric mobility with a full range of increasingly affordable electric cars. Tesla also produces Solar Roof, home batteries, and operates large solar stations with energy storage.

2

Rivian

USA

$12B

Rivian is an automotive technology company that develops products and services to advance the shift to sustainable mobility.

3

Lucid Motors

USA

$11.3B

Lucid Motors is a Silicon Valley company that designs, develops, and builds electric vehicles.

4

Xiaopeng Motors

China

$6.4B

Xiaopeng Motors is an electric vehicle and technology company that designs and manufactures smart cars.

5

Nio

China

$6.2B

NIO is a global Chinese company that designs and develops electric autonomous vehicles.

6

WM Motor

China

$5.3B

WM Motors develops an electric vehicle that isn’t a bus, isn’t slow, but IS a well-designed, 100% electric vehicle aimed at the mainstream market.

7

Faraday Future

China

$4B

Faraday Future, a design and technology company, develops global solutions that re-imagine transportation, content, and ownership.

8

Vinfast

Vietnam

$4B

VinFast is the first Vietnamese car brand to expand into global markets as well as the first to expand into producing EVs.

9

Nikola Motors

USA

$3.3B

Nikola’s fuel cell membrane electrode assembly (MEA) research is aimed at developing an architecture that could satisfy the power output needs and durability requirements of heavy-duty applications, such as the operations of the company’s long-haul vehicles like the Nikola One.

10

Fisker Automotive

USA

$1.5B

Fisker Automotive is producing luxury plug-in hybrid electric vehicles.

11

ChargePoint

USA

$1.3B

ChargePoint is an electronics company that specializes in an open electric vehicle charging network.

12

Proterra

USA

$1.2B

Proterra makes zero-emission, battery-electric buses that help eliminate fossil fuel dependency and reduce costs.

13

QuantumScape

USA

$1.2B

QuantumScape is a renewable energy company that develops solid-state battery technology to increase the range of electric cars.

14

Zenobe Energy

UK

£751M

Zenobe Energy is the largest independent owner and operator of battery storage in the UK. It buys and manages grid-scale batteries for its commercial customers, such as utilities and electric-vehicle operators.

15

Rimac Automobili

Croatia

$875.8M

Rimac Automobili is a hypercar and electric vehicle components company.

16

Ola Electric

India

$861.2M

Ola Electric is a company that leases electric cars.

17

Einride

Sweden

$652.3M

Einride is a leading freight technology company providing digital, electric, and autonomous shipping.

18

Arrival

UK

$629.4M

Arrival is a technology company that creates Generation 2 Electric Vehicles. Devices on wheels — they outperform legacy technology to deliver an experience like no other, but are priced the same as fossil fuel equivalents.

19

Canoo

USA

$550M

Canoo is building electric vehicles made for subscription. Canoo is a one-of-a-kind mobility company creating electric vehicles that are both innovative and affordable.

20

Volta Trucks

Sweden

$390.9M

Volta Trucks is building an electric truck for today’s cities and tomorrow’s generations.

21

REE

Israel

$317M

REE is a technology company that develops cutting-edge systems for the automotive and personal mobility industries.

22

Ample

USA

$290.7M

Ample utilizes autonomous robotics and smart-battery technology to solve the energy delivery challenge for electric transportation.

23

Span.IO

USA

$230.3M

Span.IO develops intelligent hardware & software for the Distributed Grid. It’s building a smart & seamless I/O for distributed energy by developing a platform that supplants the traditional electrical panel. By integrating sensing, actuation, and logic into a single device, Span.IO enables fast and inexpensive deployment of distributed energy as well as offer an extensible platform for intelligent home automation.

24

FreeWire Technologies

USA

$230.2M

FreeWire Technologies provides smart battery systems for EV charging and mobile distributed power.

25

Lightning Systems

USA

$222.1M

Lightning Systems innovative automotive research and manufacturing company that develops zero-emission all-electric powertrains.

26

StoreDot

Israel

$206.5M

StoreDot develops quick-charging battery to replace the lithium-ion components used on phones, electric cars, and other un-wired devices.

27

Onto

UK

$185.2M

Onto is an electric vehicle subscription startup that provides an all-inclusive, hassle-free solution for driving an electric car.

28

Lightyear

Netherlands

€168.4M

Lightyear is a tech company developing an ultra energy-efficient automotive platform.

29

Tevva

UK

$173.6M

Tevva Motors Ltd is a UK-based, leading developer of modular electrification systems for medium-duty commercial vehicles. Using a systems engineering approach, Tevva has developed world-class electric vehicle technology that adheres to the most rigorous of standards to ensure safety, reliability, and durability.

30

Sono Motors

Germany

$127.2M

Sono Motors’ vision is to become an established provider of sustainable mobility by focusing on manufacturing electric vehicles with alternative power technologies and innovative sharing services.

31

Oyika

Singapore

$110.8M

Oyika is a motor vehicle company that builds battery swap and charging infrastructure for electric vehicles.

32

Karma Automotive

USA

$100.8M

Karma Automotive designs, engineers, assembles, and markets luxury electric vehicles, all from its Southern California base of operations. Launched by Wanxiang Group that purchased what was left of Fisker in 2014.

33

EO Charging

UK

$97.1M

EO Charging created EO Mini Pro – the world’s smallest smart home charger.

34

E.GO Mobile

Germany

$93.5M

e.GO Mobile AG develops and produces electronic vehicles.

35

Euler Motors

India

$92M

Euler Motors is a full-stack OEM that builds electric 3 and 4 wheelers that can be used for intra-city goods transportation.

36

Envoy

USA

$82.5M

Envoy provides electric vehicle (EV) carsharing as an amenity within communities.

37

Arcimoto

USA

$73M

Arcimoto is an automotive company that focuses on developing the SRK, an ultra-efficient three-wheeled electric vehicle.

38

Faction

USA

$62M

Faction creates driverless electric vehicles at a fraction of the cost of a car.

39

Quantron

Germany

$55.9M

Quantron AG specializes in the electrification of used and existing vehicles. The conversion and preparation work are carried out according to our sustainability concept, Q-Remanufacturing.

40

EV Connect

USA

$53M

EV Connect provides enterprise-class, electric vehicle charging software and solutions.

41

WeaveGrid

USA

$50M

Weave Grid is dedicated to enabling large-scale electrification of transportation through direct & efficient system integration. The company taps into electric vehicle charging data and can optimize EV charging for customers such as utilities.

42

Electreon

Israel

$50M

ElectReon provides a complete solution for the future E-city with no gas and charging stations, no visible infrastructure and with a shared energy platform for the near future ban on fossil fuel vehicles entering the urban environment. It’s developing a smart transportation technology for underground electric coils that recharge EVs wirelessly as they travel.

43

Enel X

Italy

$200K

Enel X‘s EV charger, the JuiceBox, enables cars to charge when the grid is producing the cleanest energy.

44

Clever

Denmark

$43.3M

Denmark’s leading electric mobility service provider.

45

Addionics

UK

$34M

Addionics is creating next-generation batteries for electric cars through intelligent 3D battery architecture and engineering.

46

EVage

India

$28M

EVage is an all-electric commercial vehicle startup.

47

Lightship

USA

$27.2M

Lightship Energy is developing a fully electric towable RV trailer.

48

imove

Norway

$24.5M

Nordic Mobility company that offers car subscription services and technology.

49

POD Point

UK

$18.5M

POD Point Ltd provides electronic vehicle charging stations. The Company offers charging stations for the public sector or private companies who wish to own their own charge points.

50

InoBat Auto

Slovakia

$17.6M

InoBat Auto empowers electric mobility by creating better batteries for a greener world.