The surge in electric vehicle (EV) adoption, driven by sustainability goals, requires the rapid expansion of electric vehicle supply equipment (EVSE), including hardware, software, and charging stations. EVs are penetrating the markets for both personal and commercial vehicles. As a result, there is an escalating demand for developments in charging infrastructure, autonomous mobility, and sustainability. A wave of innovative new autonomous EV companies is driving progress in charging facilities and battery solutions. For instance, smart charging options such as electrified roads and rapid DC chargers are alleviating range anxiety.
This article will delve into:
- Profiles of 10 Pioneering New Electric Vehicles Companies
- How to Scout Innovative Electric Vehicle Companies Easily
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the electric vehicle industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Electric Vehicle Trends: Pivotal trends in the EV sector include artificial intelligence (AI), the Internet of Things (IoT), on-demand manufacturing, adaptable design, 3D Printing, and data analytics.
- Electric Vehicle Industry Stats: The global electric vehicle industry comprises 29.6K+ organizations and employs a workforce of 2.8 million. It exhibits robust expansion with an annual growth rate of 9.08% and has witnessed the emergence of 9K+ new electric vehicle companies in the past 5 years.
- 10 Top Electric Vehicle Companies to Watch:
- YoCharge – EV Charging Management
- Griden Power – EV Charging Infrastructure
- eMabler – Cloud-based Dynamic Load Management (DLM)
- EV Charging Technology – EV Charging Station Management
- B2U – EV Pack Storage (EPS) System
- Octave – Sustainable Energy Storage
- Open Energy – EV Fleets Battery Swap
- Exergi Predictive – Energy Prediction
- VivaDrive – AI-driven Fleet Electrification
- Ursaa Energyworx – Battery Predictive Analytics
Discover 10 Out of 9K+ Emerging Electric Vehicles Companies
In this section, we spotlight 10 new electric vehicle companies that are leading to innovative electrification solutions. These companies offer wireless charging systems to address the issue of varying plug positions in different EVs, energy storage, and modular battery systems tailored to different vehicle requirements. By pioneering advanced solutions in EV charging, novel battery systems, micromobility, 3D printing, and more, these companies reduce reliance on fossil fuels and lower greenhouse gas emissions.
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. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. YoCharge
- Founding Year: 2022
- Employee Range: 2-10
- Location: India
- Signal Strength: Very Strong
- What they do: YoCharge develops EV charging management software that enables operators to manage multiple EV charging stations as a single network. It features real-time data tracking, user management, charging network monitoring, billing, client support, and more. Real-time data tracking thus provides insights into network performance, usage rate, and revenue generation. The software allows charge point operators, fleet operators, and e-mobility providers to increase operational efficiency and profits.
2. Griden Power
- Founding Year: 2020
- Employee Range: 11-50
- Location: India
- Signal Strength: Very Strong
- What they do: Griden Power provides an EV charging infrastructure to address public and private EV charging needs. The power charging station features a remote monitoring and management system accessible via a mobile app. This way, it ensures convenience for operators and enhanced user experience. Further, the company provides AC chargers ideal for slower overnight charging and DC fast chargers suited for public stations and fleet applications. In this way, Griden Power simplifies the charging experience for all stakeholders and contributes to a more sustainable future.
3. eMabler
- Founding Year: 2019
- Employee Range: 11-50
- Location: Finland
- Signal Strength: Very strong
- What they do: eMabler offers a cloud-based dynamic load management platform for EV charging stations. It continuously monitors the real-time power consumption of connected EVs at a charging site. This data serves as a basis to adjust the charging power delivered to each electric vehicle, hence preventing potential overloading and disruptions. Further, the platform is configured and managed remotely through a charge point management system. eMabler ensures efficient and safe charging while managing the limitations of existing electrical infrastructure, thus maximizing the charging experience.
4. EV Charging Technology
- Founding Year: 2020
- Employee Range: 2-10
- Location: Singapore
- Signal Strength: Medium Strong
- What they do: EV Charging Technology makes an EV charging station management system for EV charging infrastructure. The hardware-agnostic platform is connected to EV chargers for real-time monitoring, remote control, and data analysis. It also offers charging status, real-time notifications, expense summaries, payments, reservations, and more. Further, centralized management enables operators to track, manage, and optimize their EV charging stations. This way, the company streamlines operations, increases efficiency, reduces operational costs, and simplifies station oversight.
5. B2U
- Founding Year: 2019
- Employee Range: 11-50
- Location: United States
- Signal Strength: Very Strong
- What they do: B2U utilizes EV pack storage systems to repurpose used EV batteries for large-scale energy storage systems. This eliminates the need for complex reconfiguration of batteries, enabling the use of diverse second-life packs while significantly reducing the levelized cost of storage (LCOS) compared to new batteries. The company’s cabinet controllers actively connect and disconnect batteries arranged in series and parallel strings. This, in turn, prevents weaker batteries with lower capacity from limiting the output of stronger batteries. The company also provides a plug-and-play system that reduces repurposing and integration costs, offering effective yield management and reliable energy storage for grid stability.
6. Octave
- Founding Year: 2020
- Employee Range: 11-50
- Location: Belgium
- Signal Strength: Very Strong
- What they do: Octave develops a sustainable energy storage system, including indoor and outdoor battery cabinets, for used batteries. The indoor cabinets use energy-efficient air cooling to keep second-life batteries in optimal shape and temperature, while outdoor cabinets are durable and weather-resistant. Moreover, real-time data from the battery system is used to build up an extensive history of measurements from each battery cell. This allows businesses to detect anomalies prematurely and optimize charging. Octave thus offers scalable, high-performance battery systems across grid-scale, commercial, and EV charging applications, focusing on customization, safety, and efficiency.
7. Open Energy
- Founding Year: 2020
- Employee Range: 2-10
- Location: Singapore
- Signal Strength: Strong
- What they do: Open Energy specializes in EV fleet battery swaps for high-mileage fleet operators. This solution allows EV drivers to quickly replace their depleted batteries with fully charged ones at designated swap stations, eliminating the need for long charging times. The battery swap station is automated, compact, and safe to accommodate various types of batteries. The system is deployed at various locations, including gas stations and parking lots, making it accessible to a range of EV drivers.
8. Exergi Predictive
- Founding Year: 2019
- Employee Range: 2-10
- Location: United States
- Signal Strength: Very Strong
- What they do: Exergi Predictive offers energy prediction software for EV fleets leveraging AI and machine learning to analyze sensor and equipment data. It predicts potential failures, battery health, dynamic fleet optimization, required charge energy, and more, enabling smarter and safer electrified vehicles. This proactive approach prevents costly downtime and maintenance issues, improving fleet efficiency and reducing maintenance costs. Exergi Predictive’s solution is tailored for EV fleets, ensuring optimal performance and reliability.
9. VivaDrive
- Founding Year: 2019
- Employee Range: 11-50
- Location: Poland
- Signal Strength: Very Strong
- What they do: VivaDrive provides AI-driven fleet electrification to optimize operations and streamline fleet management. The AI-driven system creates a digital twin of the fleets and conducts detailed scenario analysis to design an optimized EV charging infrastructure plan. The EV management system thus allows operators to track expenses, optimize transportation routes, and save costs while reducing their carbon footprint.
10. Ursaa Energyworx
- Founding Year: 2022
- Employee Range: 11-50
- Location: India
- Signal Strength: Medium
- What they do: Ursaa Energyworx develops a battery predictive analytics platform. It enables the real-time assessment of battery functions, performance, and risk management. The platform provides also continuous monitoring and battery data analysis, giving operators real-time alerts and insights to make informed decisions about their battery-powered assets. It includes features such as GPS tracking, remote diagnostics, and predictive maintenance, all designed to optimize battery performance, extend battery life, and reduce maintenance costs.
Quick Tip to Find New Electric Vehicle Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new EV companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency/Increased Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying EV innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the EV industry. The platform keeps you informed with near real-time updates on emerging electric vehicle companies and news, enabling you to make swift and informed decisions.
- Tailored Exploration/Precise Scouting: Customize your search to focus on specific niches within the EV sector, such as micro-mobility, EV charging infrastructure, or battery systems. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All EV Companies?
This overview highlights just a few new electric vehicle companies of all 9K+ currently covered by the Discovery Platform. To explore them all, book a personalized demo or download one of our free Industry Innovation Reports for a quick overview.
