EV startup financing data. Nexar launches V2V network. Corporate VC budgets $250M for autonomous cars.
Electric vehicle startups were all the rage from the 2000s into the early 2010s, drawing hundreds of millions or billions in funding from institutional investors, corporations, and governments alike.
Interest in EV startups plummeted as well-funded unicorns like Fisker, A123, and Better Place tumbled back to Earth in bankruptcy sales.
However, Tesla continues to defy expectations as it gears up for production of its Model 3, and auto OEMs are also deploying their own electric vehicles and EV sub-brands.
Regulations and falling costs have made EV economics increasingly viable for the mass market, and electric vehicles have natural synergies with next-generation mobility trends such as automation and ride-/car-sharing.