01 Aug Auto|Mobility Investment Pulse Check – Issue #56
This issue highlights funding rounds for EV charging startups leading the race for a $207 billion market.
US-based providers of fast electric vehicle recharging such as EVCS and Electrify America have raised more capital along with fleet operator and charging infrastructure developer WattEV.
Indian EV infrastructure startup Statiq received Series A funding while facing competition from Charge Zone and Kazam to develop an EV charging network.
ProLogium has raised additional funds from VinFast to reduce EV production costs. It is one of several startups working on solid-state battery technology along with Solid Power and QuantumScape.
In autonomous driving, ride-hail and shuttle startup May Mobility secured Series C funding. Aptiv, one of the major AV tech companies, invested in AI-based vision startup StradVision.
Qiming Venture Partners, one of the largest venture investment firms in China, has raised $3.2 billion of new investment funds.