Chalus Chegaray & Compagnie

Aug 24, 2021

Top 10 EV Startups in France By After facing the Covid-19 crisis, the French auto industry and electric vehicle (EV) segment thrives and continues to accelerate the automotive industry’s ecological transition. In 2019, when the industry was witnessing a global decline, EV sales in France were up over 128% and just in the first seven months of 2020, electric cars were deemed for nearly 18% of new-car registrations. Plug-in hybrids and electric cars have risen in popularity in France, increasing from 2.5% of all vehicles sold in 2019 to 7.5% to date. The increase in sales has noticeably been associated with the electric bonuses granted under the country’s recovery plan. Furthermore, as a part of the post-Covid economic recovery plan, the French government has set up a system to help acquire less polluting vehicles. This electric car bonus aims to  support households by providing them with purchasing power support a sector that has also suffered the crisis To have electric vehicles cheaper and more available to the French. Here are the Top 10 EV startups in France: 10. Effigear Funding Received: US$ 2.35 Million Lead Investor: GO CAPITAL and Banque des Territoires EcoVélo is a turn-key solution for self-service electric bikes for cities. With onboard technology, XXL ticketing revolutionises the use of self-service bicycles. It is available in classic and electric versions wherein the latter can be installed sans civil engineering or electrification of terminals. Users can choose from a wide range of vehicles designed for self-service, such as city bikes, electric bikes, mountain bikes, cargo bikes and more. The box fitted on these bikes provides access to various functions such as NFC, GPS, screen keyboard interface, updates, and assistance levels, among others. 5. Knave Funding Received: US$ 15.9 Million Lead Investor: FINANCIERE FONDS PRIVES, Mirai Ventures, GO CAPITAL, Chalus Chegaray & Compagnie and 3 other financial backers  Velco integrates all the skills to accompany and reveal its customers in a tailor-made approach. The startup attends mobility professionals to accelerate its development thanks to its connectivity solutions. It has developed its tracking technology for mobility professionals. The Wink Bar connected handlebar design has propelled Velco to the rank of an expert in geolocation and associated services. 2 technology patents protect the connected handlebar, which has won numerous prizes and awards in international innovation competitions. Tracking technology continues to evolve to meet all mobility stakeholders’ current and future needs, with a whole range of services developed and enriched every day by their team of experts. 2. Electra Lead Investor: Serena, Thibault Chassagne, Demba Diallo with 5 others Electra is a platform that provides Charging stations Ultrafast for electric vehicles. With their belief in the future to be electric blue, the startup is operating with the mission of switching to all-electric, driven by environmental standards and the dazzling progress of batteries which today make it possible to cover distances equivalent to a full tank of gasoline. It also offers services like reservation, which is a central feature of Electra. The app allows users to book the charging point and drive quietly to their station, knowing that the charging station is waiting for them. 1. EasyMile Lead Investor: Bpifrance, NextStage, Continental and 3 others EasyMile is a high-tech startup specialising in software powering autonomous vehicles and the last mile smart mobility solutions. EasyMile partners with blue-chip manufacturers to autonomic their vehicles with award-winning technology built on safety-by-design, ready for deployment today, with clear client benefits. The company’s cutting-edge technology is revolutionising passenger and goods transportation, offering utterly new mobility options. Clients include the world’s largest transport operators, city authorities, airports, corporations, business parks, and universities. EasyMile is headquartered in Toulouse (France), with offices in Singapore and Denver (USA). It also operates through value-added resellers, notably in Japan and the Middle East. For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay . We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know -if there are any discrepancies in any of our published stories, -how we can improve, -what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!