Leading EV startups worldwide by funding 2023

Published by
Mathilde Carlier,
Oct 17, 2023
As of 2023, China-based WM Motor was the electric vehicle start-up which had received the largest funding amount worldwide, at nearly 4.86 billion U.S. dollars. It was followed by the American Faraday Future and the Chinese BAIC BJEV, which recorded some 2.38 billion and 1.66 billion U.S. dollars in funding, respectively. The global top ten was dominated by Chinese brands. China had the largest electric vehicle fleet in 2022, over fourfold the fleet recorded in the United States.

Leading global electric vehicle startups by funding as of August 2023 (in U.S. dollars)

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Release date

August 2023

Region

Worldwide

Survey time period

as of August 2023

Supplementary notes

* Funding in U.S. dollars was calculated by Statista based on the October 13, 2023, exchange rate of one Chinese Yen equals 0.136906 U.S. dollars.

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Electric vehicle startups worldwideElectric vehicles worldwideElectric vehicles in EuropeConnected cars worldwideElectric vehicle market in China
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