May 2026
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Largest Electric Vehicles Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Tesla, CATL, BYD, Volvo and LG Energy Solution.
 | Tesla is a vertically integrated battery electric vehicle automaker and developer of real world artificial intelligence software, which includes autonomous driving and humanoid robots. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling a sports car and offer a robotaxi service. Global deliveries in 2025 were nearly 1.64 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network and an auto insurance business. | $426 | +23% | $1.6T | $1.6T | 16.6x | 111.6x | ||
 | CATL, headquartered in Ningde, Fujian Province, is a global leading battery manufacturer founded in 2011. The company specializes in the development and production of lithium-ion batteries for EVs and energy storage systems. CATL is the largest EV battery manufacturer in the world and leads the industry in innovative battery technology development for higher-energy density and safety, longer battery service life and super-fast charging. CATL is also involved in the manufacturing of cathode and other related battery materials. Through its subsidiary Brunp, it works with customers to create a closed-loop battery life cycle from production, application, to recycling. | $61 | +66% | $280B | $238B | 3.8x | 13.8x | ||
| Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China’s passenger vehicle market. The company sold about 4.3 million passenger NEVs in 2024, accounting for 35% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide. | $13 | -24% | $120B | $122B | 1.0x | 6.9x | ||
 | Volvo AB manufactures trucks, buses, and construction equipment as well as marine and industrial engines. The company also provides complete solutions for financing and service. Its segments include Volvo Trucks, Mack Trucks, Renault Trucks, Volvo Autonomous Solutions, Volvo Energy, Volvo Construction Equipment, Volvo Buses, Volvo Penta and Volvo Financial Services. | $35 | +21% | $70B | $90B | 1.7x | 11.4x | ||
 | LG Energy Solution is the third-largest battery maker for electric vehicles with about 11% global share in 2024, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for more than 60% of total revenue in 2024. LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem’s battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland, and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai, and Stellantis. | $263 | +37% | $62B | $74B | 4.5x | 22.4x | ||
| Ford Motor Co. manufactures automobiles under its Ford and Lincoln brands. In March 2022, the company announced that it will run its combustion engine business, Ford Blue, and its BEV business, Ford Model e, as separate businesses but still all under Ford Motor. The company has over 13% market share in the United States, about 10% share in the UK, and just over 1% share in China including Taiwan and unconsolidated affiliates. Sales in the US made up about 65% of 2025 total company revenue. Ford has about 169,000 employees, including about 56,300 UAW employees, and is based in Dearborn, Michigan. | $15 | +44% | $59B | $189B | 1.0x | 20.2x | ||
| Rivian is a battery electric vehicle automaker that sells its vehicles in the US and Canada. The company also develops electronic control units and related software for autos in a joint venture with Volkswagen. Rivian has multiple vehicles in its fleet, which include a luxury truck and full-size SUV and a delivery van. The company plans to begin selling a midsize SUV in 2026. Total deliveries were over 42,000 in 2025. Rivian is also developing autonomous driving software to be used in its vehicles. | $14 | -2% | $19B | $21B | 3.9x | (10.1x) | ||
| Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 500,000 NEVs in 2024, accounting for about 4% of China's passenger new energy vehicle market. Beyond Li One, the company expands its product line, including both BEVs and PHEVs, to target a broader consumer base. | $8 | -45% | $16B | $4B | 0.2x | 4.3x | ||
 | Hyundai Motor India Ltd is an auto manufacturer. It manufactures and sells four-wheeler passenger vehicles and includes a portfolio of various different models across multiple passenger vehicle segments by body type, such as sedans, hatchbacks, sports-utility vehicles (SUVs), and battery electric vehicles (EVs). It also manufactures parts, such as transmissions and engines. The group has one operating segment, namely the manufacture and sale of motor vehicles, engine, transmission and other parts, related after-sales activities, related engineering and broking services. The group generates maximum revenue from India, followed by the Middle East and Europe, Latin America, Africa, and other regions. | $20 | -2% | $16B | $15B | 2.0x | 14.9x | ||
| Founded in 2015, XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets EVs in China. Its products primarily target the growing base of technology-savvy middle-class consumers in the midrange to high-end segment in China’s passenger vehicle market. The company sold over 190,000 EVs in 2024, accounting for about 2% of China’s passenger new energy vehicle market. It is also a leader in autonomous driving technology. | $8 | -18% | $15B | $13B | 1.2x | 40.0x | ||
| Tata Motors Ltd is an automobile manufacturer, offering a diverse portfolio of smarter, integrated and safer mobility solutions. It designs, manufactures and sells a wide range of automotive vehicles. The company also manufactures engines for industrial applications. Its operating segments consist of: a) Automotive: The Automotive segment consists of four reportable sub-segments: Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover and Vehicle Financing. Other operating segments do not meet the quantitative thresholds for disclosure and have been aggregated. b) Others: Others consist of IT services and Insurance Broking services. The majority of revenue is generated from the Tata Commercial Vehicles sub-segment of the Automotive segment. | $4 | -- | $15B | $14B | 1.6x | 13.6x | ||
| Tata Motors Passenger Vehicles Ltd Formerly Tata Motors Ltd is an automobile manufacturing company. It designs, manufactures, and sells a wide range of automotive vehicles. The company also manufactures engines for industrial applications, aggregates such as axles and transmissions for commercial vehicles, and factory automation equipment, and provides information technology services. Its operating segments include Automotive and Others. The Automotive segment, which derives key revenue, consists of four reportable sub-segments: Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover, and Vehicle Financing. Geographically, it generates maximum revenue from India, and the rest from the United States of America, United Kingdom, Rest of Europe, China, and the Rest of the World. | $4 | -42% | $14B | $16B | 0.5x | 7.3x | ||
| Ecopro BM Co Ltd is engaged in the development and production of secondary battery materials like precursors and cathode materials. Its products are used in electric vehicles, electric energy storage systems, uninterruptible power supply, smart grids, and ones for aerospace, medical and military purposes. | $143 | +136% | $14B | $15B | 8.8x | 101.1x | ||
| Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold around 222,000 EVs in 2024, accounting for about 2% of the China passenger new energy vehicle market. | $5 | +52% | $14B | $13B | 1.0x | (19.2x) | ||
| Joby Aviation Inc is a transportation company developing an all-electric, vertical take-off and landing (eVTOL) air taxi for commercial passenger service. Its Joby eVTOL aircraft is designed to transport a pilot and up to four passengers or an expected payload of up to 1,000 pounds at speeds of up to 200 mph. The aircraft is optimized for urban routes, with a target range of up to 100 miles on a single charge. The company is also developing an app-based platform to build and operate an aerial ridesharing service powered by a network of eVTOL aircraft that it will manufacture and operate. It has one operating and reportable segment, namely flight services. Currently, the company generates all of its revenue from flight services provided to the Department of Defense in the United States. | $11 | +40% | $11B | $9B | 168.9x | (16.5x) | ||
 | VinFast Auto Ltd manufactures cars, and motor vehicles, renders leasing activities, trades smartphones, and related businesses. The company is engaged in designing and manufacturing premium EVs, e-scooters, and e-buses. The company's initial EV product line is an all-new range of fully electric A- through E-segment SUVs. The Company has three reportable segments, namely Car, E-scooter and Ebus. The Car segment includes the design, development, manufacturing and sales of cars and related battery lease and battery charging services for cars. The E-scooter segment includes the design, development, manufacturing and sales of e-scooters and related battery lease and battery charging service for e-scooters. The Ebus segment includes the design, development, manufacturing and sales of Ebus. | $4 | +10% | $8B | $13B | 3.6x | (5.6x) | ||
| Zhejiang Leapmotor Technology Co Ltd is principally engaged in the production, research and development and sales of new energy vehicles in the PRC. The company operates in two geographical segments: Mainland China, and Others. | $5 | -23% | $8B | $5B | 0.5x | 17.6x | ||
| Volvo Car AB manufactures, designs, and supplies automobiles. The company offers a wide range of cars. Geographically, it has a presence in China, the USA; Sweden; Germany; the United Kingdom; Japan, and South Korea. It generates maximum revenue from the sale of new cars. | $3 | +34% | $7B | $6B | 0.2x | 1.9x | ||
| ZEEKR Intelligent Technology Holding Ltd is headquartered in Hangzhou, Zhejiang Province, China. The principal executive offices are specifically located at Room 2301, Building 1, Dadao Wangchao Shangwu Center, Yingfeng Street, Xiaoshan District, Hangzhou. It is a premium electric vehicle brand within the Geely Holding Group. | -- | -- | $7B | $10B | - | - | ||
| BAIC BluePark New Energy Technology Co Ltd is engaged in the research and development, production, sales, and service of new energy pure electric vehicles and core components. The company operates under the Xiangjie, Jihu, and BEIJING brands, offering a range of models that include the Xiangjie S9, Alpha S Pioneer PRO, Alpha T5, Koala series, and others. | $1 | -7% | $6B | $6B | 1.4x | (14.6x) | ||
| QuantumScape Corporation is an American company that researches and develops solid-state rechargeable lithium metal batteries for use in electric cars. It was founded in 2010 and is headquartered in San Jose, California, employs around 850 people. Major investors include Volkswagen Group and Bill Gates. | $8 | -- | $5B | $4B | - | (16.7x) | ||
| Archer Aviation Inc advances the benefits of sustainable air mobility. The company is engaged in designing and developing a fully electric vertical takeoff and landing eVTOL aircraft for use in UAM networks. It is creating an electric airline that moves people throughout cities in a quick, safe, sustainable, and cost-effective manner. | $6 | -37% | $5B | $3B | 10659.1x | (6.6x) | ||
| Ninebot Ltd is engaged in the research and development, design, manufacturing, distribution and sales of short-distance transportation products. The products offered by the company include electric balance bikes and electric scooters for short distance commuting. | $6 | -40% | $4B | $3B | 0.9x | 8.0x | ||
| Pony AI Inc is an artificial intelligence technology company that is principally engaged in the operation and development of autonomous vehicles. It operates fully driverless robotaxis through the PonyPilot mobile app in Beijing, Shanghai, Guangzhou, and Shenzhen. The company operates a fleet of robotaxis. The Group conducts its operations mainly in the People’s Republic of China (PRC) and the United States of America (U.S.) through subsidiaries. Key revenue is generated from the People’s Republic of China. | $9 | -52% | $4B | $3B | 31.7x | (13.0x) | ||
| BETA Technologies Inc is an aerospace company manufacturing electric flight. It designs, manufactures and sells high-performance electric aircraft, advanced electric propulsion systems, charging systems and components. The company has one operating and reportable segment - Development and Manufacturing Electric Aircrafts. Its products include: Aircraft, Charge, Motor, Battery, and Flight Controls. | $17 | -- | $4B | $2B | 69.7x | (8.2x) | ||
| Ather Energy Ltd is engaged in the Indian electric two-wheeler (E2W) market. It is a EV company that sells E2Ws and the associated product ecosystem, comprised of software, charging infrastructure and smart accessories, all of which conceptualized and designed. Its model include Ather 450S, Ather 450X, Ather 450 Apex, Ather Rizta Z, etc. | $10 | +184% | $4B | $3B | 9.0x | (127.0x) | ||
 | Mitsubishi Motors Corp is a Japanese automobile manufacturer. The company principally produces small passenger vehicles, electric and hybrid vehicles, minivans, and sport utility vehicles, or SUVs. Mitsubishi Motors is organised into two business segments: the automobile business and the automobile financing business. The company derives the vast majority of company revenue from the automotive business. | $3 | -8% | $3B | $3B | 0.2x | 2.9x | ||
| Voyah Automobile Technology Co Ltd is an intelligent NEV brand under DFM, one of the Chinese vast central state-owned automobile groups. The group designs, develops, and sells premium NEVs, epitomizing the leap from manufacturing to smart manufacturing among Chinese brands. Drawing on the DFG's automotive manufacturing heritage, it achieves breakthroughs in safety, battery-motor-control systems, and smart technologies. The group focused on the premium segment in China's NEV market. It has launched five NEV series, such as the VOYAH FREE series, a mid-to large-sized SUV; the VOYAH DREAM series, which is a flagship luxury MPV; the VOYAH PASSION series, a flagship sedan; the VOYAH COURAGE series, a mid-sized SUV; and the VOYAH TAISHAN series, a flagship six-seat full-size SUV. | $1 | -- | $3B | $2B | 0.4x | 4.0x | ||
| Eos Energy Enterprises Inc designs develop, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial & industrial (C&I) applications. The solutions are used in the utility sector, the renewable energy sector, and the industrial sector. It's flagship product Eos Znyth is a stationary battery energy storage system. | $8 | +94% | $3B | $3B | 26.0x | (10.1x) | ||
| Aima Technology Group Co Ltd is engaged in the research and development, production, and sales of electric bicycles, electric mopeds, and electric motorcycles. | $3 | -41% | $3B | $2B | 0.6x | 4.8x | ||
| WeRide Inc operates in the autonomous driving industry. The company has developed a universal autonomous driving technology platform that integrates full-stack software algorithms, modularized hardware solutions, and a cloud-based infrastructure platform. The company provides autonomous driving products and services from L2 to L4 vehicles. The products of the company includes Robotaxi, Robobus, Robovan, Robosweeper, and others. The company earns its revenue from the People's Republic of China. | $8 | -24% | $3B | $2B | 16.4x | (7.6x) | ||
| Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It offers its own geographically distributed retail and service locations through direct-to-consumer online and retail sales. It also boasts a product roadmap of future vehicle programs and technologies. It focuses on in-house hardware and software innovation, vertical integration, and a clean-sheet approach to engineering and design, which led to the development of the Lucid Air. The Lucid Air is a luxury sedan that redefines both the luxury car segment and the EV space. Its geographic segments include North America, the Middle East, and Other International. | $6 | -74% | $2B | $5B | 3.5x | (2.2x) | ||
| Amprius Technologies Inc is engaged in the production of silicon anodes for high-energy-density lithium-ion batteries. The company develops, manufactures and markets lithium-ion batteries for mobility applications, including the aviation, electric vehicle (EV) and light electric vehicle (LEV) industries. The company's batteries are used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites. | $16 | +496% | $2B | $2B | 30.3x | (414.6x) | ||
| T1 Energy Inc is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. The group manufactures and sells photovoltaic (PV) solar modules in the United States for U.S. customers. | $8 | +641% | $2B | $3B | 3.8x | (43.6x) | ||
| Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars, namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from the United Kingdom. | $22 | -33% | $2B | $7B | 2.4x | (8.3x) | ||
| Shenzhen Uniconn Technology Co Ltd is a product and solution provider that integrates research and development, design, production, sales, and service of electrical connection components. | $20 | +71% | $2B | $2B | 2.2x | 22.3x | ||
 | Fastned BV is engaged in providing fast charging services for electric vehicles. The company's technology is available for all types of electric vehicles such as Tesla Model 3/S/X, Nissan Leaf, BMW i3, and Hyundai Ioniq. The company has operations in the Netherlands, Germany, the United Kingdom, France, Switzerland, and Belgium. The majority of its operations and charging stations are in the Netherlands. Key revenue is segmented from sales of electricity to EV Drivers and Sales of renewable energy units. | $89 | +259% | $2B | $2B | 12.7x | 106.3x | ||
| Ola Electric Mobility Ltd is a pure EV player in India and is building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells. The company manufactures EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory. Its business focuses on capturing the opportunity arising out of electrification of mobility in India and it also seeks opportunities to export its EVs in select international markets in the future. | $0 | -28% | $2B | $2B | 7.4x | (21.3x) | ||
| Eve Holding Inc is a provider of Urban Air Mobility solutions. The company's operating segments are; eVTOL that includes; the design and production of electric vertical take-off and landing vehicles (eVTOLs) including fixed wing and helicopter operators, as well as lessors that purchase and manage aircraft on behalf of operators; Service and Operations Solutions segment which includes a portfolio of maintenance and support services focused on its and third-party eVTOLs; and the UATM segment , a new Urban Air Traffic Management system designed to allow eVTOLs to operate safely and efficiently in dense urban airspace alongside conventional aircraft and drones. | $3 | -44% | $1B | $929M | - | (4.4x) | ||
 | Kempower Corp designs, manufactures and commercializes charging solutions and services for electric vehicles and machines. Geographically, it derives a majority of its revenue from Rest of Europe regions and it also has a presence in Nordics, North America and Rest of the World. Its charging solutions include Kempower Power Unit; Kempower Movable Charger; Kempower Station Charger; Kempower ChargEye for Depots; Kempower ChargEye for CPOs and others. | $18 | +41% | $994M | $978M | 3.3x | 850.3x | ||
| Lotus Technology Inc is a battery electric vehicle (BEV) maker that designs, develops, and sells BEV lifestyle vehicles under the Lotus brand. The Group is also a distributor that sells luxury sports cars under the Lotus brand. It also provides other sales and ancillary services to customers. | $1 | -37% | $874M | $3B | 5.1x | (7.9x) | ||
 | ADS-TEC Energy PLC produces, develops, and markets battery-buffered EV charging systems infrastructure, battery storage systems, and cloud-based services that enable the customer to control and manage the system. ADSE generates revenue mainly through the sale of its products, services, and Big-LinX. Geographically, it derives a majority of its revenue from Germany. | $12 | -5% | $856M | $857M | 23.3x | (328.8x) | ||
| EHang Holdings Ltd is an urban air mobility (UAM) technology platform company. It focuses on making safe, autonomous, eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle (UAV) systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang’s EH216-S has received a production certificate and standard airworthiness certificate for passenger-carrying pilotless eVTOL aircraft issued by the Civil Aviation Administration of China. The group continues to explore the boundaries of the sky to make flying technologies benefit life in smart cities. | $10 | -40% | $742M | $647M | 8.7x | (27.0x) | ||
| Saean Group Inc has developed many types of Electric Vehicles such as EXOD - Luxurious two-seater convertible roadster, WiD-U - Based on safety and high power, e-T30 - As the world's first 30-ton articulated electric dump truck, and Battery Environment Sensor. | $2 | -- | $714M | $714M | - | - | ||
| Solid Power Inc is engaged in solid-state battery technology and manufacturing processes. Its core technology is a sulfide-based solid electrolyte material, which replaces the liquid or gel electrolyte used in traditional lithium-ion battery cells. Its commercialization plan is to manufacture and sell electrolytes to Tier 1 battery manufacturers and automotive original equipment manufacturers (OEMs) that choose to produce its battery cells. | $3 | +96% | $688M | $441M | 24.6x | (6.0x) | ||
| Shanghai Phoenix Enterprise (Group) Co Ltd designs, develops, manufactures, and sells bicycles under the Phoenix brand name in China. Its production and sales of Phoenix brand bicycle products not only exported to Europe and the United States and other international markets. | $1 | -23% | $581M | $532M | 1.7x | 16.6x | ||
 | EBRO EV Motors SA is engaged in designing, developing, and marketing vehicles that integrate technology and sustainability. The group provides services such as After-sales services, Financing, Investors, Connectivity, and Auto+ Plan. Its models are EBRO PHEV Range, EBRO s400 HEV, EBRO s700, EBRO s700 HEV, EBRO s700 PHEV, and Others. | $12 | +15% | $580M | $540M | 1.3x | 176.2x | ||
| RattanIndia Enterprises Ltd is an investment holding company. The company focuses on businesses such as e-commerce, electric vehicles, fintech, and drones. The segments of the company are Retail- E-commerce business, EV (E-Motorcycles), and Investments. The company generates maximum revenue from the Retail- E-commerce business segment. | $0 | -- | $504M | $607M | 0.9x | 22.7x | ||
| Microvast Holdings Inc is a technology innovator that designs, develops, and manufactures lithium-ion battery solutions. It is renowned for its cutting-edge cell technology and its vertical integration capabilities which extends from core battery chemistry to battery packs. | $1 | -60% | $483M | $683M | 1.6x | 14.1x | ||
| Alfen NV is engaged in the business of developing, producing, and selling various products, systems, and services related to the electricity grid. The company's business segments are Smart Grid Solutions, Energy Storage Systems, and EV Charging Equipment. Geographically, the company derives maximum revenue from the Netherlands, followed by Belgium and Finland. | $22 | +67% | $479M | $504M | 1.0x | 16.7x | ||
| Zaptec ASA is a technology company within Electronic vehicle (EV) charging systems in Europe. The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables a large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars. | $5 | +152% | $437M | $390M | 2.4x | 30.7x | ||
 | Vertical Aerospace Ltd is engaged in making air travel personal, on-demand, and carbon-free. The company is a world-wide aerospace and technology company that is pioneering electric aviation, focused on designing, manufacturing, and selling a zero operating emission eVTOL aircraft for use in the AAM market, using the technology from the aerospace, automotive, and energy industries. The VX4, Vertical's flagship aircraft, is a piloted electric vertical take-off and landing (eVTOL) vehicle capable of carrying four passengers. The Group operates as a single operating segment and one reporting segment, being the development and commercialization of eVTOL technology. | $3 | -51% | $334M | $356M | - | 1.3x | ||
| LiveWire Group Inc is an all-electric vehicle company. It sells electric vehicles and related parts and accessories and apparel in the United States and certain international markets. The company's segment includes Electric Motorcycles and STACYC. Electric Motorcycles segment sells electric motorcycles, related parts and accessories and apparel in the United States and certain international markets; STACYC segment sells electric balance bikes for kids, related parts and accessories and apparel in the United States and certain international markets. LiveWire generates revenue from the sale of electric motorcycles, Parts, accessories and apparel. Majority of revenue is from USA. | $1 | -69% | $285M | $292M | 11.4x | (4.5x) | ||
| EVgo owns and operates a public direct current fast-charging network in the US. Its network of charging stations provides electric vehicle charging infrastructure to consumers and businesses. The network is capable of charging all EV models and meets all charging standards currently available in the US. EVgo partners with national and regional chains of grocery stores, automotive original equipment manufacturers, hotels, shopping centers, gas stations, parking lot operators, local governments, and independent property owners to locate and deploy its EV charging infrastructure. | $2 | -53% | $264M | $465M | 1.2x | 38.6x | ||
 | Electreon Wireless Ltd is engaged in developing smart road technology designed for wireless charging solutions for electric vehicles (EVs). The company delivers cost-effective, end-to-end charging infrastructure and services. It also includes dynamic charging wireless Electric Roads, to fleet operators through flexible business models accelerating electric vehicle adoption. | $16 | -- | $239M | $233M | 42.1x | (6.9x) | ||
| Niu Technologies designs, manufactures and sells high-performance electric motorcycles, scooters, bicycles, and kick-scooters. The company has a product portfolio consisting of electric motorcycle, mopeds and bicycle series, including the NQi, MQi, UQi, F series, and others, and micro-mobility series, including the kick-scooter series KQi and the e-bike series BQi. The company's principal operations and geographic markets are predominantly in the People’s Republic of China. It also generates revenue from Europe and other regions. | $2 | -33% | $188M | $127M | 0.2x | 15.7x | ||
| ChargePoint Holdings Inc designs, develops, and markets networked electric vehicle charging system infrastructure and cloud-based services that enable consumers to locate, reserve, and authenticate EV charging. The company’s hardware product lineup includes solutions across home, commercial, and fast-charging applications. ChargePoint derives the majority of its revenue from the United States. | $7 | -50% | $171M | $301M | 0.7x | (3.6x) | ||
 | WLM Participacoes E Comercio De Maquinas E Veeculos SA along with its subsidaries is engaged in marketing Scania brand products including heavy and extra heavy trucks, chassis of coaches and city buses, and spare parts. It is also engaged in beef cattle farming, milking dairy cattle and coffee growing. | $4 | -26% | $143M | $193M | 0.3x | 4.9x | ||
| Blink Charging Co is an owner, operator, and provider of electric vehicle (EV) charging services. The company offers both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types. The company's business is the sale and distribution of electric vehicle charging equipment and its associated revenues earned from customers and/or Property Partners who use equipment connected to its network. It earns a majority of revenue from U.S.A. | $1 | +17% | $118M | $87M | 0.8x | (1.5x) | ||
| MIC Electronics Ltd designs, develops, and manufactures light-emitting diode (LED) video displays, and other electronic components. The operating segments of the group are LED products; Medical appliances and E Vehicles. Its products include LED lighting, LED displays, Oxygen concentrators, and Batteries. The company predominantly operates in India. | $0 | -27% | $110M | $114M | 5.7x | 41.2x | ||
| Automob Participacoes SA, along with its subsidiaries, operates a network of light and heavy vehicle dealerships in Brazil. It sells new and used vehicles, including passenger cars, commercial vehicles, electric vehicles, motorcycles, trucks, buses, and forklifts, as well as agricultural equipment and machinery for construction, mining, and industrialization. In addition, the company provides parts, accessories, mechanical services, bodywork and painting, vehicle armoring, financing, insurance brokerage, and related services. The group's operating segments are the Authorized dealership of light vehicles, which generates maximum revenue, and the Authorized dealership of heavy vehicles. | $3 | +16% | $106M | $881M | 0.3x | 7.9x | ||
| Aptera Motors Corp is a solar mobility company focused on developing and manufacturing immensely efficient solar-electric vehicles (SEVs). Its flagship vehicle, the Aptera, is a three-wheeled, two-passenger vehicle designed for efficiency and sustainability. It believes the Aptera's design, incorporating solar charging capabilities and aerodynamic efficiency, will offer a compelling alternative to conventional vehicles. | $2 | -- | $91M | $76M | - | (3.2x) | ||
 | Gogoro Inc is focused on eliminating the barriers to electric fuel adoption to bring swappable electric power within reach of every urban rider. Its battery swapping technology compromises an interoperable platform that seamlessly integrates a comprehensive ecosystem of hardware, software, and services, which consists of Gogoro Smart Batteries, GoStations, Gogoro Network Software & Battery Management Systems, Smartscooter, and related components and kits. Geographical presence in Taiwan and Other countries, majority of its revenue comes from Tiwan. | $4 | -19% | $80M | $398M | 1.4x | 6.6x | ||
| Kandi Technologies Group Inc is engaged in developing, manufacturing, and commercializing fully electric vehicle products and related technologies. Its products mainly consist of EV parts, EV products, and off-road vehicles, including All-Terrain Vehicles (ATVs), UTVs, go-karts, electric scooters, electric self-balancing scooters, and associated parts, and Lithium-ion cells, etc. The company generates maximum revenue from the sale of Off-road vehicles and associated parts. Geographically, it derives maximum revenue from the United States and other countries, followed by China. | $1 | -34% | $74M | $2M | 0.0x | (0.0x) | ||
 | GreenMobility AS offers modern urbanites easy, flexible and sustainable transport in the form of electric, shared city cars. Users have access to these cars via the GreenMobility app. Trips are paid per minute, through minute packages, or on daily basis. GreenMobility operates a total of 1600 EVs in Copenhagen, Aarhus, Malmo, Gothenburg, Antwerp, Gent and Helsinki. The company sees a rapidly growing market for car sharing in large cities that demand green transport for their citizens and to reduce the number of private cars. Geographically it derives key revenue from domestic sales in Denmark. | $12 | +156% | $73M | $87M | 3.6x | 10.5x | ||
| APR Technologies AB is a Swedish high-tech company. The company develops new technologies to improve the performance of spacecrafts, electric vehicles, battery packs, and demanding electronics. The core technology also has other suitable applications for later exploitation. It offers the next generation in electronics thermal management solutions. For spacecrafts, it includes a game-changing device for thermal control, for electric vehicles and battery packs, it enables battery modules with higher energy density & ultrafast charging, and for electronics, it improves cooling without adding maintenance or losing reliability. Its Business areas are Space, Battery Packs, Electronics, and Services. | $2 | -- | $56M | $53M | 37.8x | (205.2x) | ||
| XCHG Ltd is engaged in designing, manufacturing and selling Electric Vehicle (EV) chargers and EV charging solutions, which include the DC fast chargers named the C6 series and the C7 series, the battery-integrated DC fast chargers which is Net Zero Series (NZS), as well as accompanying services. Its integrated solution, combining proprietary charging technology, energy storage technology, and accompanying services significantly improves EV charging efficiency and unlocks the value of energy storage and management. Its NZS solution enables fast charging at low power locations or vis-a-vis aged grid infrastructures (which typically are not compatible with fast charging equipment) with no site improvements or grid upgrades needed. | $1 | -53% | $53M | $50M | 2.0x | (1.6x) | ||
| Wallbox NV is a smart electric vehicle charging and energy management company. It creates a smart charging system combining technology design that manages the communication between the user, vehicle, grid, building, and charger. The company designs, manufactures, and distributes faster, simpler EV charging solutions for residential, business, and public use. Its smart charging product portfolio includes Level 2 alternating current chargers for home and business applications and direct current fast chargers for public applications. The company has three reportable operating segments; Europe, Middle East and Asia (EMEA), its key revenue-generating segment, North America, and Asia-Pacific. | $3 | -62% | $48M | $267M | 1.6x | (7.8x) | ||
| Workhorse Group Inc is a technology company with a vision to pioneer the transition to zero-emission commercial vehicles. Its focus is to provide sustainable and cost-effective solutions to the commercial transportation sector. It designs and manufactures all-electric delivery trucks and drone systems, including the technology that optimizes the way these vehicles operate. It's focused on a core competency of bringing electric delivery vehicle platforms to serve the last-mile delivery market. Its products are marketed under the Workhorse brand. | $3 | -70% | $35M | $77M | 3.6x | (1.7x) | ||
| U Power Ltd is involved in the provision of vehicle sourcing services. It is principally engaged in the provision of new energy vehicles development and sales; battery swapping stations manufacturing and sales; battery swapping services, and sourcing services. The company, as a broker, engaged in sales of vehicles between automobile wholesalers and buyers, including small and medium-sized vehicle dealers and individual customers located in lower-tier cities in China. | $1 | -- | $34M | $34M | 5.7x | (3.4x) | ||
| Ebusco Holding NV is a developer, manufacturer, and distributor of zero-emission buses and charging systems as well as a supplier of ancillary products and services to the electric vehicle ecosystem. It also is a manufacturer and supplier of Energy Storage Systems, and Mobile Energy Containers. | $0 | -25% | $32M | $97M | 7.8x | (0.7x) | ||
| Beam Global produces sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, and costs of grid-tied solutions. Its products are founded upon its patented EV ARC and Solar Treelines and include BeamTrak patented solar tracking, and ARC Technology energy storage, along with EV charging, outdoor media, and disaster preparedness packages. From start to finish, the company develops, patents, designs, engineers, and manufactures renewably energized products that help the environment, empower communities, and keep people moving. | $1 | -11% | $32M | $31M | 1.1x | (2.7x) | ||
| Envirotech Vehicles Inc is a provider of purpose-built zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helping fleet operators unlock the benefits of green technology. It recognizes revenue from the sales of zero-emission electric vehicles and vehicle maintenance and inspection services. The Company serves commercial and last-mile fleets, school districts, public and private transportation service companies and colleges and universities to meet the increasing demand for light to heavy-duty electric vehicles. | $2 | -- | $28M | $31M | 5.3x | (1.3x) | ||
| Stardust Power Inc is developing a lithium refinery at its Facility in Muskogee, Oklahoma, with planned capacity of producing up to 50,000 metric tons per annum of BGLC once fully operational. The company will source lithium brine feedstock from various suppliers and may make investments upstream to secure additional feedstock. The Company seeks to sell its products to electric vehicle (EV) manufacturers as the primary market, with potential applications in other areas such as battery manufacturers, the U.S. military, and original equipment manufacturers (OEMs). | $3 | -57% | $28M | $30M | - | (3.6x) | ||
| Xos Inc is a fleet electrification solutions provider committed to the decarbonization of commercial transportation. Xos designs and manufactures Classes 5 through 8 battery-electric commercial vehicles that travel on last-mile, back-to-base routes of up to 200 miles per day. Xos also offers charging infrastructure products and services through Xos Energy Solutions to support electric vehicle fleets. Its products include Stepvan, MDXT, HDXT, Xosphere, and Xos Energy Solutions. | $2 | -37% | $25M | $35M | 0.8x | (1.6x) | ||
| Lobo Technologies Ltd, formerly known as Lobo EV Technologies Ltd, is an electric vehicle manufacturer and seller company. It designs, develops, manufactures, and sells e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles such as golf carts and mobility scooters for the elderly and disabled persons, also provides automobile information and entertainment software development and design services to customers. The company operates in two operating segments: the Electric vehicles and accessories sales segment, which generates key revenue, and the software royalties and development and design services segment. It generates all of its revenue within the People's Republic of China. | $1 | -5% | $10M | $13M | 0.5x | (5.0x) | ||
| ChargePanel AB (publ) specializes in technologies for the operation of electric vehicle charge points and driver applications. The company provides a SaaS platform for EV Charging Network Management and specializes in technologies for the operation of Electric Vehicle Charge Points and Driver Applications. | $0 | +46% | $8M | $8M | 7.4x | (7.6x) | ||
 | Hypercharge Networks Corp is an electric vehicle supply equipment company that provides turnkey electric vehicle charging solutions. The Company provides turnkey EV charging solutions, for light and medium duty EVs through a managed charging network of EV charging stations that utilize a cloud-based software platform operating site-owner and Company-owned charging stations and provides iOS and Android mobile applications for drivers to operate Hypercharge and Hypercharge roaming partner EV charging stations. It has a single segment, the sale of EV charging equipment, software, services and maintenance contracts. | $0 | -- | $8M | $7M | 0.9x | (2.3x) | ||
| Delta Autocorp Ltd manufacture and sell 2W & 3W EVs using components procured from reputed Original Equipment Manufacturers (OEMs) who use design & engineering specifications. It operates under the brand name Deltic, Specializing in the production of Electric 2W and 3W vehicles. Its product range encompasses electric scooters in the 2W category, along with electric rickshaws, electric loaders, and electric garbage carts in the 3W category along with spare parts and accessories of 2W and 3W like motors, DC-DC Converter, Speedometer etc. | $0 | -44% | $6M | $3M | 0.4x | 2.8x | ||
| Sono Group NV is engaged in the field of solar-powered electric mobility. With its proprietary solar technology, the company is able to integrate solar panels into a vehicle’s bodywork, using energy captured from the sun to charge the vehicle’s battery. The group is engaged in the design and development of its own first solar electric vehicle, the Sion. Its Products and Services includes Complete Solar Solutions, Solar Charge Controllers, Solar Modules, and Data Services and Engineering Services. | $4 | -- | $6M | $6M | 37.0x | (0.7x) | ||
| The Lion Electric Co. includes designing, developing, manufacturing and distributing purpose-built all-electric medium and heavy-duty urban vehicles including battery systems, chassis, bus bodies and truck cabins. The Group also distributes truck and bus parts and accessories. The Group has one reportable operating segment, the manufacturing and sales of electric vehicles in Canada and in the United States. Geographically, the majority of revenue is generated from Canada. | $0 | -34% | $5M | $371M | - | - | ||
| Canoo Inc is a mobility technology company providing with a proprietary modular electric vehicle platform and connected services initially focused on commercial fleet, government and military customers. The Company has developed a breakthrough EV platform that it believes will enable it to rapidly iterate and bring new products, addressing multiple use cases, to market faster than competition and at lower cost. | $0 | -- | $5M | $92M | - | - | ||
 | Hopium SA is specialized in the construction of high-end hydrogen powered vehicles. | $0 | -80% | $3M | $10M | 47.6x | 0.7x | ||
| Fly-E Group Inc is an electric vehicle company that is principally engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. It also provides connectivity solutions and value-added services to their customers. | $2 | -96% | $3M | $14M | 0.6x | 11.4x | ||
 | Nexity Global SA is a provider of cloud based solutions for full electric vehicle ecosystem. The company provides infrastructure management and electric vehicle charging services along the entire value chain for electromobility. NEXITY NETWORK is a platform that allows its users free access to any electric vehicle charging point. It provides tools that allow users of electric vehicles to charge anywhere without restrictions and without any barriers. On the other hand, it offers a complete, universal and flexible solution in the SaaS model for conducting business in electromobility to anyone who only has a charging station, thus enabling the management of both a single station and a professional network of electric car charging stations, while ensuring easy access to the user. | $0 | -37% | $3M | $3M | 5897.4x | (99.6x) | ||
| Triggo SA is a revolutionary electric vehicle that combines the advantages of a car and a motorcycle in one enclosed body. | $0 | -44% | $3M | $3M | 99581.5x | (19.8x) | ||
| Allego NV is a provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility with renewable energy. It developed a comprehensive portfolio of inventive charging infrastructure and proprietary software, including its Allamo and EV Cloud software platforms. It's a large, vehicle-agnostic European public network that offers easy access for all EV car, truck, and bus drivers. | $0 | -99% | $301K | $545M | - | - | ||
| Lilium NV creates a sustainable and accessible mode of high-speed, regional transportation. Using the 7-Seater Lilium Jet, an electric vertical take-off and landing jet, offering leading capacity, low noise and high performance, it is building a transport network and service for people and goods. | $0 | -100% | $127K | ($116M) | - | - | ||
| Next e GO NV designs and manufactures battery electric vehicles for the urban environment, with focus on convenience, reliability and affordability. It has developed a disruptive solution for producing its electric vehicles using proprietary technologies and low cost MicroFactories. | -- | -- | $9K | $9K | - | - | ||
| Median | $3 | -24% | $688M | $683M | 2.4x | (1.0x) |
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