The electric car industry has been gaining traction after all these years as earthlings are looking forward to a greener and more sustainable economy and environment. Companies are putting research and development into their team and overcoming several roadblocks that came around infrastructure, battery reliability, and charging essentials.
The Electric Car companies in the world are also aiming for total carbon neutrality by the year 2032. When it comes to innovation, some ev startups in the world are also setting up several charging stations and facilitating accessibility to ev cars. Reports indicate that one of the startups is providing lifetime charging services to its customers without charging them a penny.
Business Outreach Magazine has screamed before and will scream now saying that an ecosystem should be prepared for our future generations to survive and thrive on. Such an ecosystem should be built on equity, diversity, and sustainability. Here we have picked 9 ev manufacturers from around the world that are shaping the market with better products and promising eco-friendly hopes.
These are 9 electric car startups
1. Rivian :
Rivian is based in Michigan, United States of America, and has acquired total funding of about $ 10.7 billion. A few of the investors that have backed the company include Amazon, Ford Motors, D1 Capital Partners, and T. Rowe Price. Rivian is looking for a carbon-neutral vision for 2nd scope emissions by the year 2028 along with the 3rd phase of scope emissions by 2032.
Scope 2 phase of emissions means indirect exposure of greenhouse gas emissions from the purchase of electricity, steam, or for generating heat and cooling. Scope 3 refers to the greenhouse gas releases from the company’s chain of values.
The company is very instrumental in its decisions to limit emissions and concentrate on eco-friendly raw materials and reduce trash occurrence in their production. The software team is pivoting its expertise in product development that comes with improving driving dynamics, managing energy use, wireless connectivity, digital assistance, and several others.
The in-house systems running the process allow flexibility to the team to work from home and have enough room for improvement.
The interior of the vehicle is completely made of animal-free materials and includes batteries that have the ability for a second life or to get recycled. Some of the technological areas that Rivian excels in include AWS Information Systems, Skateboard Technology, and EV Charging systems. Reports suggest that Rivian has plans to set up about 600 charging stations with about 3,500 separate chargers across the US and Canada.
These are all fast chargers that will allow the vehicle to go about 140 miles by charging for just about 20 minutes. The company is also looking to expand it to other markets like Germany, the UK, Hungary, and South Korea.
2. Xpeng Motors :
Xpeng Motors is located at Guangdong, China, and has got total funding of about $ 4.6 billion from investors like Alibaba Group, GWC Innovator Group, Foxconn Group, Xiaomi, and many others. Xpeng Motors is the leading Chinese auto manufacturer that has about 40% patents in smart and connected auto technology. The company focuses on manufacturing battery packs, welding, assembling products, stamping, and many more.
The base at Zhaoqing is equipped with a powerful MES manufacturing system, product monitoring, advanced track testing, and many more. The company introduced three car models in the year 2021 that come with LEP or lithium-ion phosphate batteries. These batteries provide better autonomous driving capabilities at an affordable rate along with a diverse choice of driving range.
On October 24 in 2021, the company launched several technologies in the EV domain and smart mobility that includes XPILOT v3.5 and v4.0 driver support setup that helps drivers to handle urban situations, quick charging potential, and next-age technologies.
In China, Xpeng Motors has set up around 164 charging points. The company is putting in intelligent cockpits in its car that come with advanced features to attract Chinese customers. The company is looking to expand its portfolio to the European market starting with Norway.
3. NIO :
NIO is in Shanghai, China, and has total funding of about $ 5.4 billion. They are backed by investors like Baidu, Tencent, Hefei City Construction, and many more. NIO manufactures premium EVs and also maintains a stellar battery-swapping system.
NIO’s power grid offers enough options for charging for the customers that include battery swapping and upgrading. NIO has developed about 135 charging stations in about 59 cities in China. Also, about 30,000 power home chargers have been provided by the company.
The BaaS or battery as a service model offered by NIO enabled the company to offer services like battery subscription, car-battery separation, swapping, and upgrades. This has also allowed the company to increase the resale value of the batteries.
On March 21 in 2021, NIO was awarded the AI Excellence Award by the Business Intelligence association.
Currently, NIO is providing better and more advanced battery packs that can provide extended cold weather range and more precise state of charge figures.
The company increased its output by about 50% due to increased demand of the Chinese market regarding premium EVs. By the year 2025, the company aims to put about 382 charging points across China and about 600 battery-swapping destinations.
4. WM Motors :
WM Motors has its headquarters in Shanghai, China with a total funding of $ 5.3 billion. The company has investors like Baidu Capital, Tencent, PCCW, Agile Group Holdings, Shun Tak Holdings, and Shanghai Pudong Development Bank.
WM Motors is currently selling its products only in China. But reports say that the company has partnered with Enel X based in Italy in the year 2021. Such partnerships open doors to markets like Europe, and the Middle East, and South America.
The company’s factory in Suzhou sold several automobiles and delivered it directly to the houses of the customers without the help of any dealers.In the year 2020, WM Motors sold about 22,495 vehicles which account for 0.11% of the automotive market in China. The EV car maker stresses enough on improving thermal management for increasing the stability of the batteries.
WM Motors performs about 48 phases of quality checks that include internal and external systems check, thermal management, supervising electrical systems, and many others. Some of the key areas that WM Motors are experts at include, Vehicle to Grid system of charging, Automated Valet systems in technology. The W6 model of the company is equipped with a Qualcomm 8155 chip, 5G connectivity, several cameras, sensors and loads of other stuff.
5. Nikola Motors :
Nikola Motors has its headquarters in Arizona, United States, and is backed by investors like General Motors, US Department of Energy, and CNH Industrial. The company has received total funding of about $ 3 billion.
Nikola Motors emphasizes its hydrogen-powered technology that is being used in commercial transportation. This step further accelerates the zero-emission aim. The company is making tie-ups with multiple partners to make hydrogen more accessible and affordable.
The EV startup in the US is also working to create more stations for providing hydrogen fuel. This approach will improve the availability of gas across the country and amplify the advantages of hydrogen into transportation. Nikola has a to-quality EV Cell system that is recyclable and good for the environment.
The company’s battery components have the power to increase the range from 300 miles to 600 miles. Unlike lithium-ion batteries that have harmful substances, Nikola’s batteries are more suited for the green environment objective.
5. Nikola Motors :
have dealers in several locations in the United States like Texas, California, Florida, Delaware, and many others. It has also opened a factory in Germany to address the European market and offer affordability to the citizens.
6. Lucid Motors :
Lucid Motors has total funding of about $ 5.8 billion and has investors like China Environmental Fund, Venrock, and Saudi Arabia’s Public Investment Fund. With a headquarter in California, United States, Lucid Motors is aiming for luxury, high-performance EV vehicles. The company’s debut product ‘Lucid Air’ got awarded ‘Car of the year by Motor Trend.
The car has a reported peak power of about 1,080bhp from the dual motor system with about 518 miles of range. The company is driven towards energy and spatial efficiency. The Lucid Electric Advanced Platform (LEAP) decreases the powertrain components and also maintains performance, and comfort, and making more space for the passengers.
The battery packs of Lucid Motors are claimed to last for about two years. Currently , the company has been undergoing several tests in battery storage systems and will provide a second life to the batteries. The 900V electrical architecture makes Lucid Air the fastest EV produced in the market. The company says that the customers can get about 300 miles by charging for only 20 mins.
7. Proterra :
Proterra has a total funding of $ 1.2 billion and is based in California, United States. The company has investors like Cowen Group, Mike Dorsey, Hercules Capital, General Investment Management and many others.
The company has built an impeccable reputation in manufacturing batteries, charging infrastructure and offering their services. The electric buses of the company have recorded about 20,000 miles of travel across the United States in a variety of climates, terrains and elevations.
According to the National Transit Database, Proterra had about 50% market share between the years 2012 to 2019. The electric vehicles manufactured by the company concentrate on verticals like safety, reliability, acceleration, better range and comfort. With about 675kWh of energy, the buses by Proterra are lightweight and offer less repair and maintenance costs.
Proterra makes batteries specially for commercial use. Being modular in design, the batteries can be customized into a megawatt-hour system of scale and can be included in heavy-duty electric car vehicles. Proterra sold more than 1,000 buses in the US and Canada in about a decade.
8. Ola Electric :
Ola Electric car is based in Karnataka, India, and has a total fund of about $ 861.2 million. The company is backed by investors like Matrix Partners India, The Tiger Global, SoftBank, Pawan Munjal Family Trust, Temasek Holdings and Alphawave Global. Ola Electric car acquired Etergo, an Amsterdam-based company to work on the design and engineering aspects of the two-wheeler for the global and Indian markets.
The Ola Hypercharger Platform focuses on automated parking and charging systems that will allow customers more space for hassle-free use. The charging station can juice up the scooter’s batteries to about 50% in just 18 minutes. With a range of about 75 kms, Ola plans to set up about 100,000 charging stations in about 400 cities.
9. Arrival :
Arrival is based in England, United Kingdom, and has total funding of about $ 629.4 million. The company is backed by BlackRock Innovation Capital and Hyundai Motors Company. The company puts forward its polypropylene plastic panels for the body which take less time to mold than the metal components.
The most instrumental component of Arrival is the 10X10 skateboard design that can create a product of any size, weight, and shape according to the customer. Arrival launched their best-in-category Van in Amsterdam in the year 2021 along with countries like Italy, Germany, France, Italy, and several other places.
The EV market is growing exponentially in markets like India, the US, Germany, Canada, the UK, and more. Business Outreach Magazine is keeping an eye to provide the latest news to our readers and give you all clear about the emerging sector.
