As the automotive industry navigates twists and turns, new players are not just modifying the engine — they’re redesigning the vehicle. These trailblazing companies are revolutionizing everything from autonomous driving to electrification. That’s why this article delivers insights into:
- Industry trends and how emerging auto companies shape them
- Profiles of 10 new auto companies
- Quick tip for how to find new automotive companies
Key Takeaways
Before diving deep into the evolving landscape of the automotive industry, let’s cut through the noise. Here are the essential insights, industry statistics, and trends that you need to keep your eye on. These key points have been curated from comprehensive data sourced from the Discovery Platform, an invaluable resource for understanding startups, technologies, and industry dynamics.
- Trends to Watch: Autonomous vehicles, connectivity, electrification, shared mobility, AI, big data, analytics, and blockchain are redefining the automotive ecosystem.
- Industry Stats: With a modest 0.66% annual growth over the past five years, the automotive industry comprises 187K organizations and employs 19M people.
- 10 Automotive companies to watch:
How Emerging Auto Companies are Changing the Industry Landscape
The automotive industry is at a pivotal juncture, where innovation and disruption intersect to redefine what’s possible. As new automotive companies enter the arena, they’re leveraging a range of groundbreaking technologies to shift paradigms and shape the future. Here’s a closer look at the trends making waves:
Autonomous Vehicles
Once the stuff of science fiction, autonomous vehicles are now edging closer to reality. They hold the promise of dramatically improving road safety by eliminating human error and optimizing traffic flow.
Connectivity
With the Internet of Things (IoT) becoming more pervasive, connectivity ensures that your vehicle is more than just a mode of transport — it becomes a smart device on wheels, integrated into a larger ecosystem of connected services.
Electrification
The push for sustainable energy is making electrification a critical focus area. Electric vehicles (EVs) are increasingly viable alternatives to traditional combustion engines, reducing both operating costs and environmental impact.
Shared Mobility
As urban spaces get more congested, shared mobility solutions are offering a way to maximize the use of vehicles and mitigate the problems of limited parking and traffic congestion.
AI
Artificial intelligence has multiple applications in the automotive world, from predictive maintenance and personalized experiences to advanced driver-assistance systems (ADAS), making each drive safer and more comfortable.
Big Data and Analytics
With the amount of data generated by vehicles, big data and analytics provide deep insights into driver and vehicle behavior, safety, and operational efficiencies, allowing companies to make data-driven decisions.
Blockchain
Secure, transparent, and efficient — that’s what blockchain brings to the table. Its applications range from secure and transparent supply chain management to authenticating ownership and service records.
The trends shaping the automotive industry are indicative of a broader transformation, fueled by technological innovation and changing consumer expectations. New automotive companies are not just participants but catalysts in this evolving landscape.
Introducing 10 New Auto Companies
The automotive industry is a bustling hub of innovation, teeming with companies that are redefining the norms. Whether it’s through cutting-edge technologies or disruptive business models, these organizations are leading the charge toward a smarter, safer, and more sustainable future. In this section, we’ll shine the spotlight on 10 such emerging companies that are not just staying ahead of the curve, but actually shaping it. Each has been profiled using information gathered from the Discovery Platform, which serves as a wellspring of data on 3.7 million startups globally and 20K technology trends across industries.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. Signal Strength gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies.
1. Carnomaly
- Founding Year: 2019
- Employee Range: 2-10
- Location: USA
- Signal Strength: Very strong
- What they do: Carnomaly is revolutionizing the automotive industry with blockchain-based solutions for car buying, selling, and management. Through partnerships like the one with NMVTIS for secure vehicle data, its platform offers digital car management, Defi auto loans, and crypto integration. The CARR token fuels this ecosystem, incentivizing users for tasks like mileage updates.
2. Karmen.ai
- Founding Year: 2022
- Employee Range: 11-50
- Location: Turkey
- Signal Strength: Medium
- What they do: Karmen specializes in AI technologies for vehicle damage evaluation and condition assessment. Its DeepScan solution expedites insurance claims and reduces fraud, while TireScope offers tire condition reports. These tools, accessible via Karmen’s Hub dashboard, benefit industries like insurance and car rentals by standardizing inspections and speeding up repairs.
3. VNC Automotive
- Founding Year: 2018
- Employee Range: 11-50
- Location: UK
- Signal Strength: Very strong
- What they do: VNC Automotive specializes in connectivity and telematics software for vehicles, enhancing in-car entertainment and productivity without compromising safety. Its product suite includes Cobalt Link for smartphone connectivity, Cobalt Share for multimedia, and Cobalt Remote for fleet management.
4. Brego
- Founding Year: 2019
- Employee Range: 1-10
- Location: UK
- Signal Strength: Very strong
- What they do: Brego leverages deep learning and a robust dataset to provide advanced vehicle valuations and industry analytics. It offers an API and a full platform, backed by rigorous testing and hundreds of millions of validated data points. Aimed at automotive businesses, the company’s solutions emphasize clear communication and exceptional service.
5. Ettractive
- Founding Year: 2018
- Employee Range: 11-50
- Location: Canada
- Signal Strength: Very strong
- What they do: Ettractive specializes in hardware and software solutions for electric and autonomous vehicles, covering everything from powertrains to vehicle integration. With capabilities ranging from prototyping to mass production, they offer comprehensive services including advanced driver assistance systems and vehicle conversions.
6. Airnity
- Founding Year: 2021
- Employee Range: 11-50
- Location: France
- Signal Strength: Very strong
- What they do: Airnity offers global cellular connectivity solutions for connected cars by operating as a mobile virtual network operator (MVNO), specifically for the automotive industry. It addresses local technical and regulatory challenges to provide cost-effective connected services through a global multi-cloud network platform. The company’s goal is to standardize and secure global connectivity for connected vehicles.
7. AI Parts
- Founding Year: 2018
- Employee Range: 2-10
- Location: Italy
- Signal Strength: Very strong
- What they do: AI Parts develops AI-driven solutions like Tech Pro, Said Text, and Ever Drive to streamline automotive parts dealing and maintenance. Its technology aims for efficient repairs and predictive maintenance to save time while reducing money and emissions. This way, it digitalizes the automotive industry for both customer and business benefit.
8. Hercules Electric Mobility
- Founding Year: 2018
- Employee Range: 1-10
- Location: USA
- Signal Strength: Very strong
- What they do: Hercules Electric Mobility makes electric vehicles and marine systems, including a performance electric pickup called the Hercules Alpha. The company is also working on modular EV technology and solid-state batteries to advance electric mobility.
9. Beam Connectivity
- Founding Year: 2020
- Employee Range: 11-50
- Location: UK
- Signal Strength: Very strong
- What they do: Beam Connectivity offers connected vehicle solutions through a platform that integrates hardware, software, cloud, and cellular networks. It accelerates the time-to-market for vehicle connectivity platforms and provides features like telemetry analytics, remote configuration, and over-the-air software updates.
10. Owl
- Founding Year: 2018
- Employee Range: 11-50
- Location: USA
- Signal Strength: Very strong
- What they do: Owl focuses on intelligent 3D thermal ranging technology using proprietary AI and foveal optics to create dense range maps from heat signatures. The company’s 3D Thermal Ranger improves safety in autonomous operations by providing high-definition imaging and precision ranging, functioning effectively in various lighting and weather conditions.
Quick Tip to Scout Emerging Automotive Companies
Leverage a SaaS platform specialized in startup discovery to scout new automotive companies more effectively. Such platforms offer exhaustive real-time data, advanced analytics, and customizable filters that can quickly pinpoint companies based on specific criteria like innovation level, funding, market presence, and much more.
This approach is superior to traditional methods such as manual research or basic search engines, as it saves time, increases accuracy, and allows for dynamic adjustments to your search parameters based on emerging trends and opportunities.
For example, by tapping into the rich dataset offered by the Discovery Platform, automotive companies streamline their sourcing process to align with current industry disruptions.
Next Steps
For more in-depth data, download our comprehensive automotive industry report or book a demo for the Discovery Platform.
