With the world’s increasing focus on reducing carbon emissions and combating climate change, Electric Vehicles have emerged as a key solution, transforming how we think about transportation. As a result, there have been many funded EV startups in 2025.
Over the past decade, EVs have transitioned from a niche market to a central focus of automotive innovation. Governments worldwide are enforcing stricter emission standards, incentivizing EV adoption, and supporting infrastructure development for charging stations. EV companies are also turning towards digital transformation practices to elevate themselves.
The industry is not just limited to cars; it spans e-bikes, electric buses, trucks, and even aircraft. Technological advancements in battery design, energy management, and autonomous driving systems are fueling growth, making EVs more affordable, and appealing to the masses.
According to Statista, in 2024, the global Electric Vehicles market is anticipated to generate an impressive revenue of $786.2 billion, with a steady compound annual growth rate (CAGR) of 6.63% projected from 2024 to 2029. This consistent growth trajectory is expected to drive the market’s value to $1,084.0 billion by 2029.
Let’s dive into our list of EV startups that received funding in 2025
Our Top Picks: List of Funded EV Startups in 2025
1. Ampeco
AMPECO, founded in 2019, is a Sofia-based startup revolutionizing the e-mobility sector with its hardware-agnostic, white-label software for EV charging management. It is one of the best emerging EV startups. The platform empowers charge point operators (CPOs) and e-mobility service providers (EMSPs) to efficiently manage and monetize EV charging networks across diverse business models.
Standout features include seamless integration with various charging hardware, customizable branding, advanced tools for payments, load management, and customer support, as well as robust APIs for tailored solutions. AMPECO helps businesses rapidly scale their EV charging operations while delivering a unique, branded customer experience.
| Statistic | Details |
|---|---|
| Latest Funding Round | Series B |
| Amount Raised in Series B | $26 million |
| Total Funding to Date | $42 million |
| Lead Investor in Series B | Revaia |
| Other Participants in Series B | Cavalry Ventures, BMW i Ventures, LAUNCHub Ventures |
| Number of Clients | Over 160 |
| Number of Markets Served | More than 60 |
2. Zhiji Auto
Zhiji Auto, officially known as Zhiji Motor Technology Co., Ltd., is one of the high-end electric vehicle startups owned by SAIC Motor Group, headquartered in Shanghai, China. The company specializes in the design and manufacture of intelligent EVs, integrating advanced technology with luxury features.
| Latest Funding Round | Series B |
|---|---|
| Amount Raised in Series B | Over CNY 8 billion |
| Lead Investor | BOC Financial Asset Investment Co., Ltd. |
| Other Participants | Beijing A.B.C. Investment Consulting Co., Ltd., Shanghai Lingang Economic Development (Group) Co., Ltd. |
| Primary Application | High-end smart electric vehicles with advanced technology and luxury features |
3. RBW Electric Cars
Another name on our list of successful EV startups is RBW Electric Cars. RBW Electric Cars, established in 2008 and based in the United Kingdom, specializes in the design and manufacture of electric vehicles (EVs) with a focus on classic car restoration and electrification.
Their flagship product, the RBW Roadster, combines timeless design with modern electric propulsion, offering a sustainable alternative to traditional classic cars.
| Statistic | Details |
|---|---|
| Year Founded | 2008 |
| Headquarters | United Kingdom |
| Key Product | Electric Roadsters, classic car electrification |
| Latest Funding Round | Series A |
| Amount Raised in Series A | $12,702,929 |
| Date of Funding | June 2024 |
4. Char.gy
Char.gy, founded in 2018 and headquartered in the United Kingdom, is a leading provider of on-street electric vehicle (EV) charging solutions. It has quickly become one of the major EV startups to watch. The company specializes in installing and managing EV charging points on residential streets, car parks, and lampposts, making charging accessible for urban residents without off-street parking.
| Statistic | Details |
|---|---|
| Latest Funding Round | Series C |
| Amount Raised in Series C | $44,553,976 |
| Lead Investor | Not disclosed |
| Other Participants | Not disclosed |
| Primary Application | On-street EV charging infrastructure |
5. Harbinger Motors
Harbinger Motors, founded in 2021 and headquartered in Garden Grove, California, specializes in developing electric vehicle (EV) platforms tailored for medium-duty commercial and specialty vehicles. Their offerings include versatile chassis solutions, specialized powertrains, proprietary battery packs, and smart charging systems, all designed to integrate seamlessly with popular medium-duty body types and enhance driver experience and ergonomics.
| Latest Funding Round | Series B |
|---|---|
| Amount Raised in Series B | $82.4 million |
| Total Funding to Date | $180 million |
| Lead Investors in Series B | Ridgeline, THOR Industries |
| Other Participants | Not disclosed |
| Primary Application | Medium-duty commercial and specialty electric vehicles |
How Funding Drives Innovation in EV Startups?
Funding plays a pivotal role in the growth and innovation of electric vehicle (EV) startups, enabling them to navigate the competitive and resource-intensive industry. Here’s how:
- R&D Advancement: Access to funding allows startups to invest in research and development, driving breakthroughs in battery technology, autonomous systems, and energy efficiency.
- Product Development: Securing capital facilitates the design and manufacturing of new EV models, enabling startups to compete with established automakers.
- Infrastructure Expansion: Funding supports the rollout of essential infrastructure such as charging networks, addressing a key barrier to EV adoption.
- Talent Acquisition: Startups can attract top-tier talent, including engineers, designers, and technologists, to build cutting-edge solutions.
The infusion of funds enables EV startups to accelerate innovation, meet market demands, and contribute to a sustainable future for mobility.
Want to empower your idea with the startup funding you need? Let us help you develop your MVP!
How can Clustox help you become the next funded EV startup?
To get the needed funding for your startup, you need investor trust. For many startups, this becomes a major roadblock. This is where Clustox comes in.
Clustox helps startups secure funding by developing agile MVPs that prove the viability of their ideas. We not only build functional products quickly but also support you with product design and strategy, ensuring your app resonates with users and stands out in the market.
By validating your concept, attracting early adopters, and gathering valuable feedback, we demonstrate market potential to investors, increasing your chances of securing the funding needed to scale your business.
So, reach out to us now and let our team of experts help you become one of the next big funded EV startups!