SUN Mobility Funding, Investors & Competitors

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.

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.

Electrify America is the largest public EV fast-charging network in the United States, with over 4,000 DC fast chargers along major highways from California to Florida. As a Volkswagen Group subsidiary formed in 2018, it offers 350 kW charging speeds compatible with CCS and NACS standards. Stations feature solar canopies and battery storage at sites like Disney World and Walmart stores. Electrify America supports Plug&Charge and aims for 10,000 stalls by 2025.

Electric Vehicle Infrastructure is a supplier of AC and DC fast-charging stations for electric vehicles in Saudi Arabia. Headquartered in Riyadh, the company deploys charging networks at highways, malls, and residential areas supporting CHAdeMO, CCS, and Tesla protocols. Launched in 2021, it operates over 200 stations nationwide and collaborates with Aramco and Public Investment Fund initiatives to expand EV adoption in the Kingdom.

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.

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.

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.

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.

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.

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.

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.

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.

Coherent's Silicon Carbide unit produces power devices and substrates for electric vehicle powertrains, including inverters and onboard chargers. Based in Warren, New Jersey, the division supplies substrates to Wolfspeed and devices to automotive OEMs like Tesla and Volkswagen. Its 200mm SiC wafers support 800V architectures in models such as Porsche Taycan.

Rimac Group is a Croatia-headquartered developer of electric vehicle technology, producing the Nevera hypercar with 1,914 horsepower and supplying powertrains to automakers. Founded in 2009 near Zagreb, Rimac partners with Bugatti-Rimac for high-performance EVs and Porsche for platform engineering. The company delivers battery systems, motors, and software for vehicles achieving sub-two-second 0-60 times.

SFCC is a Shenzhen-based high-tech enterprise pioneering hydrogen fuel cell vehicle commercialization. Founded on April 8, 2016, in Guangdong province, the company conducts research, develops power systems, and industrializes core technologies for buses and commercial fleets in China.

Caocao Chuxing is a Hangzhou-headquartered ride-hailing service operating in over 100 cities across China as a Geely Holdings subsidiary launched in 2015. The platform emphasizes electric vehicles for zero-emission mobility, providing premium rides, shared cars, and autonomous vehicle pilots integrated with WeChat for seamless urban transport.

Chunqing Technology is a Chinese firm that develops electric vehicles powered by alcohol-hydrogen fuel cell systems. Based in Chongqing, the company manufactures vehicles such as the world's first alcohol-electric hybrid truck unveiled in 2023, alongside production of methanol-based fuels and hydrogen energy solutions. It supplies these technologies to commercial fleets seeking zero-emission alternatives to traditional batteries.

StoreDot is a Herzliya-headquartered battery innovator specializing in extreme fast-charging lithium-ion cells for electric vehicles and consumer electronics. Its silicon-dominant anodes enable 80% charge in five minutes at room temperature. The company licenses technology to partners like VinFast for automotive integration. Founded in 2012, StoreDot has demonstrated prototypes at CES and secured partnerships with TDK for mobile applications using organic compound electrodes.