Mahindra Electric Automobile Valuation, Funding & Investors

Sigenergy Technology Co Ltd focuses on developing cutting-edge all-scenario energy solutions, with products ranging from energy storage systems to solar inverters and EV chargers. Its Products are SigenStor, Sigen LoadHub, SigenMicro Inverter, SigenStor EV DC, Sigen EV AC Charger, mySigen App, and Sigen Cloud. The business encompasses the research, development, application, production, and sales of renewable energy solutions, including photovoltaic inverters.

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.

Tata Passenger Electric Mobility Ltd is a Pune-based subsidiary of Tata Motors manufacturing electric passenger vehicles including the Nexon EV, Tigor EV, and Tiago EV. The company operates a 350-acre facility in Sanand, Gujarat, producing over 100,000 units annually with battery assembly and fast-charging infrastructure. TPEML partners with Tata Power for nationwide charging networks and exports to Europe and Southeast Asia.

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.

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.

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.

Enilive is a Rome-headquartered subsidiary of Eni focused on sustainable mobility services. The company delivers integrated low-carbon solutions including biomethane production facilities, car-sharing fleets, and refueling stations for alternative fuels. Enilive operates across Italy with a network supporting electric vehicle charging and hydrogen infrastructure, advancing decarbonization in transportation through public-private partnerships.

SVOLT Energy Technology is a Chinese electric-vehicle battery maker spun off from Great Wall Motors in 2018, specializing in cobalt-free and long-life solid-state batteries. The company operates production bases across multiple Chinese cities, including Changzhou, Suining, Huzhou, Ma'anshan, and Nanjing, with plans for manufacturing capacity in Europe. SVOLT supplies battery cells to automakers including Great Wall Motors, Geely, and Stellantis, and reported operating revenue of CNY 4.47 billion in 2021, up from CNY 1.74 billion in 2020.

GAC Aion is a Guangzhou-headquartered electric vehicle manufacturer established in 2017 as a sub-brand of Guangzhou Automobile Group. The marque produces passenger EVs including the Aion S sedan, Aion LX SUV, and Hyper series performance models while offering battery swapping stations and charging infrastructure services across China.

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.

SK on is a Seoul-headquartered battery maker producing prismatic and pouch lithium-ion cells for electric vehicles from its Gwangmyeong and Seosan plants. Spun off from SK Innovation in 2021, it supplies packs to Ford Mustang Mach-E and Hyundai Ioniq 5. The company advances 46-series cells with NCM cathodes and partners with Solid Power on solid-state tech. SK on targets 200 GWh capacity by 2025.

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.

Smart is an automotive brand producing compact urban vehicles under a joint venture between Mercedes-Benz Group and Geely, with manufacturing in Hambach, France, and Bovisio-Masciago, Italy. The company offers the smart fortwo coupe, cabriolet, and forfour models, enhanced by BRABUS tuning packages that boost engine output to 109 horsepower from the standard 91-horsepower rear-mounted electric or gasoline powertrains. BRABUS variants feature 18-inch alloy wheels, lowered sports suspension, and exclusive leather interiors in the Xclusive trim. Launched in 1998, Smart vehicles emphasize rear-engine layout for tight parking maneuvers and city navigation across Europe, North America, and Asia.

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.

Sunwoda Electric Vehicle Battery is a provider of lithium-ion battery pack solutions for electric vehicles, leveraging proprietary battery management systems and automated production lines for cell sorting, module assembly, and pack integration. The company supplies new energy vehicle manufacturers with high-safety packs designed for passenger cars and commercial fleets.

Avatr is a Chongqing-headquartered premium electric vehicle brand launched in 2021 by Changan Automobile, Huawei, and CATL. It produces sedans like the Avatr 11 SUV with 90 kWh batteries offering 680 km range and Level 3 autonomy features. The company has delivered over 20,000 vehicles in China, expanding to smart cabins and OTA updates.

Zhiji Auto is a Shanghai-headquartered electric vehicle manufacturer established in 2020 through a joint venture between SAIC Motor and Alibaba Group. The company produces premium smart EVs including the LS6 sedan, LS7 SUV, and L7 sedan, all equipped with LiDAR-based autonomous driving systems and NVIDIA DRIVE Orin platforms. Deliveries of the L7 model started in late 2022, with over 10,000 units sold by mid-2023 across China.

Farasis Energy is a global lithium-ion battery manufacturer producing power systems for electric vehicles, energy storage grids, and commercial applications. The company operates production facilities in China and the United States with partnerships including BMW for automotive battery supplies. Farasis Energy supplies high-energy-density cells addressing transportation electrification and renewable grid integration needs.