Mahindra Last Mile Mobility Valuation, Funding & Investors

Spironet is a Nairobi-based electric mobility company delivering customized e-bikes and scooters tailored to African markets. The firm assembles vehicles in Kenya using lithium-ion batteries and IoT-enabled controllers for fleet management in logistics, delivery, and public transport. Spironet partners with ride-hailing operators and governments in East Africa to deploy solar-charging stations, reducing urban emissions and operational costs compared to petrol alternatives.

Also is a micromobility company specializing in electric bicycles and supporting technology frameworks for small electric vehicles. Originating as a spinoff from Rivian in 2021, the Seattle-based firm targets consumer and commercial markets globally with products tailored to urban commuting, delivery services, and last-mile logistics in regions including North America and Europe.

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.

Aima Technology Group Co Ltd is engaged in the research and development, production, and sales of electric bicycles, electric mopeds, and electric motorcycles.

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.

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.

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.

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.

T1 Energy Inc is an energy solutions provider building an integrated U.S. solar supply chain for solar modules to invigorate the United States with scalable, reliable, and low-cost energy. It is manufacturing and selling photovoltaic (PV) solar modules in Texas and is constructing a PV solar cell fab in Texas. The company produces PV solar modules that employ energy-efficient Passivated Emitter and Rear Contact (PERC) and Tunnel Oxide Passivated Contact (TOPCon) technologies. Its single operating segment derives its revenues from the manufacturing and sale of PV solar modules. It sells PV solar modules to utility-scale developers, C&I, and residential end users.

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.

Phylion Battery, founded in 2003 and based in Suzhou, China, researches, develops, manufactures, and sells lithium-ion batteries for electric bicycles, electric logistics vehicles, electric vehicles, and energy storage systems. The company holds international patents for its lithium manganese anode material and operates production bases in Suzhou and Chuzhou along with subsidiaries in Europe and India, exporting batteries to 22 countries. Phylion has sold more than 21 million battery units cumulatively and has led global light-electric-vehicle battery sales for four consecutive years, complementing its core technology with high-energy iron lithium chemistry for specialized applications.

Singulato Motors is a Beijing-headquartered electric vehicle manufacturer focused on smart new energy automobiles. The company produces models like the iS6 SUV with 500 km range batteries and Level 3 autonomous driving capabilities, integrating big data analytics and cloud computing for vehicle-to-everything communication. Founded in 2014, Singulato invests in battery swapping stations and partnerships with Baidu for mapping data, targeting urban mobility solutions in China through its network of over 100 charging hubs.

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. The company generates revenue mainly through the sale of its products, services, and Big-LinX. Geographically, it derives a majority of its revenue from Germany.

Atlis Motor Vehicles is a Mesa, Arizona-based company founded in 2016 that engineers 100% battery-electric pickup trucks for consumer and commercial use. The flagship Atlis XT offers up to 500 miles of range, 18,000-pound towing capacity, and 15-minute charging for 15% to 80% capacity using 1.5-megawatt charging stations. The firm develops modular platforms compatible with existing tools and supplies for fleet transitions from diesel vehicles.

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.

Ample is a San Francisco-based developer of modular battery-swapping systems for electric vehicles. Its stations recharge batteries in under five minutes without civil construction, supporting models from Uber, Mitsubishi Fuso, Stellantis, and Yamato through plug-and-play architecture. Ample integrates off-grid renewable charging and deploys automated urban stations for fleets and cities.