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AgTech Australia and Oceania Automotive Electric Vehicle Manufacturing Software Transportation

Electric utility bike company Ubco scores $10M strategic investment with TPK

– New Zealand-based electric utility bike company Ubco announced a new strategic partnership with TPK Holdings, a Taiwanese electric components manufacturing company.
– As part of the agreement, TPK will be leading Ubco’s Series B with a $10 million investment, bringing the company’s total funding to $23 million.
– TPK will also bring the company significant supply chain support as well as scaling and manufacturing capabilities in the near future.
– At the initial stage of the partnership, TPK’s large network of global suppliers will help Ubco ramp up production of its flagship 2X2 electric utility bike, which comes in an off-road version geared for farmers and a city version geared for last-mile logistics.
– Ubco is also gearing up to release two new vehicles for which TPK will provide dedicated manufacturing support.

Automotive Electric Vehicle Last Mile Transportation Logistics Western Europe

Volta Trucks raises €37 million to bring electric delivery trucks to the streets of London and Paris

– Volta Trucks, an EV startup, raised $44m funding.
– The round was led by Luxor Capital Group and returning investor Byggmästare Anders J Ahlström Holding of Stockholm.
– New investors included U.S. electric truck and battery manufacturer Proterra and supply chain management company Agility.
– The company plans to pilot the trucks in London and Paris.

Australia and Oceania Automotive Autonomous Vehicles Electric Vehicle

Tritium Announces AUD$40 million Private Placement Financing by Cigna Investments, Inc.

– Tritium Holdings Pty Ltd (“Tritium”), a global developer and manufacturer of direct current (“DC”) fast charging technology for electric vehicles (“EVs”), announced a AUD$40 million private placement.
– The round was led by Cigna Investments, the investment arm of Cigna Corporation, a U.S.-based global health services company.

Electric Vehicle Western Europe

VanMoof raises $128 million to become the world’s leading e-bike brand

– Amsterdam-based startup VanMoof has raised a $128m Series C funding round.
– The company designs and sells electric bikes that are quite popular in some markets.
– It now wants to become the world’s leading e-bike brand by iterating at a faster pace.
– Asia-based private equity firm Hillhouse Investment is leading the round, with Gillian Tans, the former CEO of, also participating.
– Some existing investors also put some more money on the table, such as Norwest Venture Partners, Felix Capital, Balderton Capital and TriplePoint Capital.
– Overall, if you add it all up, the startup has raised $182m in total.

Automotive Electric Vehicle Energy Infrastructure North America Robotics Transportation

Ample raises $160M to scale its battery swapping service

– San Francisco-based Ample raised $160m Series C funding.
– The round was led by Moore Strategic Ventures with participation from PTT, a Thai state-owned oil and gas company, and Disruptive Innovation Fund.
– Existing investors Eneos, a Japanese petroleum and energy company, and Singapore’s public transit operator SMRT also participated.
– Ample’s total funding is now $230m.

Automotive Clean Energy Electric Vehicle North America Software Transportation

AmpUp Receives Investment From Goodyear Ventures

– AmpUp, a Cupertino, CA-based provider of electric vehicle (EV) charging solutions, received an investment from Goodyear (NASDAQ: GT)’s Goodyear Ventures.
– The amount of the deal was not disclosed.
– With operations across North America, AmpUp supports the EV driving community through their advanced charging network and software solutions.

Electric Vehicle Electronics Public Transportation Rental Transportation Western Europe

Micromobility startup Voi raises $45 million to end sidewalk riding, improve safety

– Micromobility startup Voi has raised $45m.
– The funding will be used to research and develop technology that will improve safety, keep users from riding on sidewalks and ensure scooters are properly parked.
– The company is also investing in its next-generation scooter.

Battery Eastern Asia Electric Vehicle Energy Energy Storage Manufacturing

SVOLT Energy Closes RMB10.28 Billion Series B Financing

– SVOLT Energy Technology Co., Ltd. is a Beijing, China-based EV battery manufacturer.
– Company raised a total amount of RMB 10.28 billion ($US 1.58 billion) in Series B funding.
– The round was led by Bank of China Group Investment (BOCGI), Country Garden Venture Capital, Shenzhen Capital Group (SCGC), CCB Investment, IDG Capital, Sany, Xiaomi Corporation, Oceanpine Capital, CHINA RENAISSANCE among others.
– The Series B funds will be mainly used for R&D of new technologies and construction of new factories.

Automotive Electric Vehicle Leasing Price Comparison Western Europe

WeVee Raises $7M Seed Funding

– WeVee is a London UK-based electric vehicle leasing platform.
– The company raised $7M in seed funding.
– The round was led by German entrepreneurs Rahmyn Kress and Michael Perschke, who joined WeVee Founder Paul Fagan as cofounders and board members.
– The new funding will be used to expand its eMobility lifestyle platform into Germany and Europe later in the year.

Automotive Electric Vehicle Manufacturing North America Transportation

Amazon leads $2.5B funding round in Rivian, maker of the tech giant’s future electric delivery vans

Amazon is pouring more money into Rivian, as the electric vehicle maker announced that the tech giant was among lead investors in a $2.5 billion financing round.
Amazon made the investment through its Climate Pledge Fund, which is aimed at backing companies that accelerate Amazon’s pledge to be net zero carbon across its businesses by 2040.
– The company previously backed Rivian in 2019 in rounds of $700 million and $1.3 billion, and it’s planning to buy 100,000 electric vans from the automaker for its delivery fleet.
Amazon said last October that it will have 10,000 custom electric delivery vehicles on the road as early as 2022, and all 100,000 by 2030.

Apps Eastern Asia Electric Vehicle

XCharge Closes Series B Funding Round

– XCharge is a Beijing, China-based provider of an electric vehicle (EV) charging solution in Asia-Pacific and Europe.
– Company raised $15m in Series B funding.
– Backers included Shell Ventures and other investors.
– The new investment will be used to scale up to meet the accelerated demand in charging services in fast-expanding markets.

Automotive Consumer Reviews E-Commerce Electric Vehicle Marketplace Western Europe

Motorway’s auction platform for second-hand cars raises $67.7M Series B led by Index Ventures

– Motorway, a U.K. startup that allows professional car dealers to bid in an auction for privately owned cars for sale, has raised £48m in Series B funding.
– The funding was led by Index Ventures and joined by BMW i Ventures and Unbound, and existing investors Latitude and Marchmont Ventures also participated.
– The funding will be used to extend its platform and grow the current 160-strong team.

Electric Vehicle SaaS Software Western Europe

eMabler Raises €630K in Funding

– eMabler is a Helsinki, Finland-based eMobility API platform.
– Company closed a €630k funding round.
– The round was led by Sofokus Ventures, Nidoco AB, several angel investors, and Business Finland.
– The new investment will be used to further develop the company’s software and drive growth in the Nordics and rest of Europe.

Electric Vehicle North America Renewable Energy Transportation

WeaveGrid Raises $15M Series A to Enable Widescale Adoption of EVs on the Electric Grid

– WeaveGrid, a developer of software solutions for the scalable deployment of electric vehicles (EVs) on the electric grid, announced $15M in Series A fundraising to enable its next stage of growth.
– The round was led by Coatue with participation by Breakthrough Energy Ventures and existing investors The Westly Group, Grok Ventures, and several prominent angel investors including Ramez Naam and Josh Felser.
– Automaker and government commitments are driving a radical transformation that will soon see millions of new EVs charging across the United States. Electric utilities are in a leading position to benefit from accelerating EV adoption, but face risks as EV charging puts a tremendous new load on the grid.

Eastern Asia Electric Vehicle Logistics

DST Raises $100M in Series C Funding

– DST is a Shenzen, China-based logistics electric vehicle (EV) operations platform.
– The company completed its latest round of Series C funding totalling $100m.
– The round was led by Ingka Investments (part of Ingka Group), followed by SMRT Ventures, China Securities Investment Capital and existing shareholders including Bojiang Capital and Matrix Partners China.
– The new investment will be used to add new capabilities to its digital platform, expand its maintenance network and enter international markets.

Battery Electric Vehicle Electronics Manufacturing North America

SES Closes $139M Series D Funding

– SES Closes $139M Series D Funding
– The round was led by General Motors with participation from existing investors SK Inc., Temasek, Applied Ventures LLC, Shanghai Auto and Vertex.
– The company intends to use the funds to accelerate technology development, expand its technical, business and manufacturing teams, and expedite the commercialization of Li-Metal batteries.

Electric Vehicle Last Mile Transportation Mobile Apps Transportation Western Europe

Dutch startup GO Sharing raises $60M to expand beyond e-mopeds and into new markets

– GO Sharing, a Dutch startup, raised €50m funding.
– The funding was led by Opportunity Partners and joined by the startup’s founders.
– The startup plans to use the funding to expand its footprint for e-mopeds; add electric cars and e-bikes to its app; and continue building out the technology underpinning it all.

Asia Automotive Electric Vehicle Manufacturing

Vietnamese electric motorbike startup Dat Bike raises $2.6M led by Jungle Ventures

– Dat Bike, a Vietnamese startup with ambitions to become the top electric motorbike company in Southeast Asia, has raised $2.6m in pre-Series A funding.
– The round was led by Jungle Ventures and included participation from Wavemaker Partners, Hustle Fund and iSeed Ventures.
– The company’s flagship motorbike, called Weaver, was created to compete against gas motorbikes.
– Dat Bike opened its first physical store in Ho Chi Minh City last December.

Automotive Electric Vehicle Electronic Design Automation (EDA) Information Technology North America

Faraday Future Announces it has Raised $100 Million in Debt Financing to Help Advance the Countdown to FF 91 Delivery, Following the Signing of the Merger Agreement with Property Solutions Acquisition Corp (PSAC)

– Faraday Future announced that it has raised approximately US$100m in debt financing commitments led by Ares.
– The new funding allows FF to build upon the momentum of a well-developed vehicle program and begin production preparation at FF’s manufacturing facility in Hanford, California and advance the countdown of the delivery of the FF 91, which is planned for approximately 12 months after the close of its previously announced merger with Property Solutions Acquisition Corp (“PSAC”).

Electric Vehicle Electronics North America Transportation

Unagi Scooters Raises $10.5M in Series A Funding

– Unagi Scooters, an Oakland-based electric scooter manufacturer, raised $10.5m in Series A funding.
– The round was led by The Ecosystem Integrity Fund with participation from Menlo Ventures, Broadway Angels, and Gaingels, among others.
– The new investment will be used to expand the company’s All-Access service and manufacturing capacity.

Electric Vehicle Electronics North America Transportation

Scooter startup Unagi brings subscription service to Seattle with monthly fee and no sharing hassles

– Unagi, a scooter sharing company, raised $10.5m in Series A funding.
– The round was led by The Ecosystem Integrity Fund with participation from Menlo Ventures, Broadway Angels, and Gaingels, among others.
– The company plans to expand its subscription service to several new cities, including Seattle.

Agriculture AgTech Analytics Electric Vehicle Farming North America

Monarch Tractor Closes $20 Million Series A With Global Partners

– Monarch Tractor, the world’s first fully electric, driver-optional, smart tractor manufacturer, announced the closing of its $20 million Series A funding round.
– The investment round garnered global reach led by Musashi Seimitsu Industry Co., Ltd., a Japan-based global auto parts company, CNH Industrial, a worldwide leader in agricultural and on- and off-road industrial equipment, and VST Tillers Tractors Ltd., an Indian tractor and implement company.
– Monarch’s award-winning tractor has seen increased global demand since launching in December of 2020.

Autonomous Vehicles Electric Vehicle Europe Logistics Transportation

While eyeing a SPAC, Swedish autonomous EV company Einride nears $75 million in new funding

– Swedish autonomous electric vehicle startup Einride is seeking $75m in new financing.
– The company is also exploring the potential for a public listing through a special purpose acquisition company.

Autonomous Vehicles Electric Vehicle North America Transportation

URB-E Raises Series A to Bring Containerized Deliveries to the Last Mile Announces Facebook, Apple Exec as CEO

– URB-E raises $5m in Series A round led by UBS Group.
– Charles Jolley joins URB-E as CEO.
– URB-E’s bicycle-powered, collapsible containers are commonplace around New York, enabling fast, clean last-mile delivery for major retailers.
– URB-E’s roll-on-roll-off containers replace an entire delivery van, reducing emissions by 100% and increasing delivery efficiency by 2-3 times.
– URB-E has already deployed a fleet of pedal-powered container systems, with over 1,800 containers moving over 100,000 packages in New York City.

Electric Vehicle Energy Energy Management Hardware Internet of Things North America Payments Software

ChargeLab raises seed capital to be the software provider powering EV charging infrastructure

– ChargeLab, a software provider for electric vehicle charging infrastructure, raised $4.3m in seed funding.
– The round was led by Construct Capital and joined by Root Ventures, and Notation Capital.
– The company plans to use the funding to expand its sales and marketing efforts.

CleanTech Commercial Real Estate Electric Vehicle Energy Energy Storage Internet of Things North America Renewable Energy Software

Peak Power Inc. Closes Latest Funding Round with Investment from The Atmospheric Fund

– Toronto-based Peak Power (Peak) today announced that it has closed funding from The Atmospheric Fund (TAF), representing the fifth investor in Peak’s capital funding round.
– TAF will join Sensata Technologies, Export Development Canada (EDC), BDC Capital, and Hatch/Canadian Shield as a strategic investor in Peak.
– TAF brings to the round their focus on carbon emissions reduction, as they have a mandate to advance local solutions to climate change through high impact investments.
– Their contribution aligns with Peak’s commitment to decarbonize energy, the built environment, and mobility through enabling intelligent energy in smart cities.

Electric Vehicle North America Retail Transportation Travel

SUPER73 Snares $20M Investment

– SUPER73, an electric vehicle brand based out of Orange County, has closed a $20m investment from Volition Capital, a Boston-based growth equity firm.
– Founded in 2016 by LeGrand Crewse, Michael Cannavo, and Aaron P. Wong, SUPER73 produces two-wheeled electric vehicles with a mission to fuse motorcycle heritage and youth culture.

Battery Electric Vehicle Energy Energy Storage Manufacturing North America Renewable Energy

Fidelity Leads $81M Investment in Enevate to Accelerate Commercialization of Fast-Charging Electric Vehicle Battery Technology

– Enevate announced that it has secured a $81M Series E funding led by Fidelity Management & Research Company, providing the company with additional new resources aimed at accelerating global mass adoption of Enevate’s unique battery technology in electric vehicles.
– Existing investors, Mission Ventures and Infinite Potential Technologies, also participated in the round.
– The funding will enable Enevate to significantly expand its pre-production line designed to guide EV and other battery customers toward implementing larger-scale battery manufacturing utilizing Enevate’s silicon anode-based batteries.
– The funding would also enable Enevate to scale and grow. Included will be the hiring of additional personnel with an emphasis on scientists and engineers.
– With this latest funding round, Enevate has raised $191 million to date.

CleanTech Electric Vehicle Manufacturing North America Transportation

Rad Power Bikes Inks $150M

– Rad Power Bikes, North America’s largest ebike brand, today announced a minority investment of $150m from Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, The Rise Fund, the global impact investing platform managed by TPG, and funds and accounts advised by T. Rowe Price Associates, Inc.
– Existing investors Durable Capital Partners LP and Vulcan Capital also participated in the round.
– The investment reflects a historic commitment to Rad Power Bikes’ vision of a world where transportation is energy-efficient, enjoyable and accessible to all.
– Rad Power Bikes will use this new funding to extend its market leadership, drive innovation, and scale retail and service offerings.

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