1) ZongMu Technology
Zongmu Technology is a Chinese self-driving tech firm.
Details of the startup:
- Valuation: $11.40B (June 2021)
- Country: China
- State: Shanghai
- City: Shanghai
- Started in: 2013
- Founders: Rui Tang
- Number of employees: 10-50
- Funding: $210.83M
- Funding rounds: 4
- Number of investors: 11
You can find their website here.
2) Chehaoduo
Chehaoduo is the most influential online car trading platform in China that provides a set of comprehensive solutions for both individual car sellers and buyers. The company operates its business through the high-end brand Hexa, and has branches in more than 20 cities across China.
Details of the startup:
- Valuation: $10.00B (March 2016)
- Country: China
- State: Beijing
- City: Beijing
- Started in: 2015
- Founders: Mark Yang
- Number of employees: 10,000+
- Funding: $696.76M
- Funding rounds: 9
- Number of investors: 26
You can find their website here.
3) Kavak
KAVAK is a fast-paced marketplace that enables car dealers and private sellers to communicate directly with serious buyers.
Details of the startup:
- Valuation: $8.70B (October 2020)
- Country: Mexico
- City: Lerma de Villada
- Started in: 2016
- Founders: Carlos Julio Garcia, Roger Laughlin
- Number of employees: 1,000-5,000
- Funding: $1,188.00M
- Funding rounds: 6
- Number of investors: 24
You can find their website here.
4) Pony.ai
Pony.ai is revolutionizing the autonomous vehicle sector by providing a high-quality experience that surpasses its competitors.
Details of the startup:
- Valuation: $8.50B (July 2018)
- Country: United States
- State: California
- City: Fremont
- Started in: 2016
- Founders: James Peng, Tiancheng Lou
- Number of employees: 250-500
- Funding: $1,093.00M
- Funding rounds: 7
- Number of investors: 28
You can find their website here.
5) Ola Electric Mobility
Ola is a mobility platform and a ride-hailing company providing intercity transport for customers.
Details of the startup:
- Valuation: $7.00B (July 2019)
- Country: India
- City: Bengaluru
- Started in: 2019
- Founders: Anand Shah, Ankit Jain, Bhavish Aggarwal
- Number of employees: 1,000-5,000
- Funding: $822.29M
- Funding rounds: 9
- Number of investors: 19
You can find their website here.
6) Hozon Auto
Hozon is an electric vehicle startup that uses technology to develop intelligent electric vehicle models.
Details of the startup:
- Valuation: $3.95B (October 2021)
- Country: China
- State: Shanghai
- City: Shanghai
- Started in: 2014
- Founders: Yunzhou Fang, Zhang Yong
- Number of employees: 250-500
- Funding: $300.00M
- Funding rounds: 6
- Number of investors: 10
You can find their website here.
7) Tekion
Tekion is a next-gen, self-serving platform that leverages advanced machine learning and AI to provide a personalized and seamless consumer experience.
Details of the startup:
- Valuation: $3.50B (October 2020)
- Country: United States
- State: California
- City: Pleasanton
- Started in: 2016
- Founders: Guru Sankararaman, Jay Vijayan
- Number of employees: 1,000-5,000
- Funding: $400.00M
- Funding rounds: 6
- Number of investors: 17
You can find their website here.
8) ECARX
ECARX is a real-time vehicle positioning system that pinpoints the position of your car, and warns you about potential traffic jams.
Details of the startup:
- Valuation: $3.31B (October 2020)
- Country: China
- State: Hubei
- City: Wuhan
- Started in: 2016
- Founders: Li Shufu, Ziyu Shen
- Number of employees: 1,000-5,000
- Funding: $361.00M
- Funding rounds: 3
- Number of investors: 5
You can find their website here.
9) Cars24
CARS24 brings buyers and sellers online through an intuitive, tech-enabled platform that simplifies and streamlines the pre-owned car purchase process.
Details of the startup:
- Valuation: $3.30B (November 2020)
- Country: India
- City: Gurgaon
- Started in: 2015
- Founders: Gajendra Jangid, Mehul Agrawal, Ruchit Agarwal, Vikram Chopra
- Number of employees: 1,000-5,000
- Funding: $1,296.17M
- Funding rounds: 11
- Number of investors: 33
You can find their website here.
10) Via
Via offers a flexible, on-demand transportation service to help you get from home to work in a safe, fun, and affordable way.
Details of the startup:
- Valuation: $3.30B (March 2020)
- Country: United States
- State: New York
- City: New York
- Started in: 2012
- Founders: Daniel Ramot, Oren Shoval
- Number of employees: 1,000-5,000
- Funding: $697.06M
- Funding rounds: 8
- Number of investors: 29
You can find their website here.
11) Astera Labs
Astera Labs is a semiconductor company that specialises in connecting intelligent systems.
Details of the startup:
- Valuation: $3.20B (November 2022)
- Country: United States
- State: California
- City: Santa Clara
- Started in: 2017
- Founders: Casey Morrison, Jitendra Mohan, Sanjay Gajendra
- Number of employees: 101-250
- Funding: $206.35M
- Funding rounds: 4
- Number of investors: 9
You can find their website here.
12) SouChe Holdings
Souche is the leading second-hand car trading company that provides quality services for all types of cars.
Details of the startup:
- Valuation: $3.00B (November 2017)
- Country: China
- State: Zhejiang
- City: Hangzhou
- Started in: 2012
- Founders: Junhong Yao
- Number of employees: 1,000-5,000
- Funding: $1,282.21M
- Funding rounds: 7
- Number of investors: 17
You can find their website here.
13) BYTON
BYTON is a global company that designs, develops, and markets smart connected electric vehicles.
Details of the startup:
- Valuation: $2.50B (April 2018)
- Country: China
- State: Jiangsu
- City: Nanjing
- Started in: 2016
- Founders: Carsten Breitfeld, Daniel Kirchert
- Number of employees: 1,000-5,000
- Funding: $330.93M
- Funding rounds: 5
- Number of investors: 9
You can find their website here.
14) Star Charge
Star Charge focuses on developing and manufacturing the new energy vehicle charging equipment.
Details of the startup:
- Valuation: $2.41B (May 2021)
- Country: China
- State: Jiangsu
- City: Changzhou
- Started in: 2014
- Founders: Shao Danwei
- Number of employees: 1,000-5,000
- Funding: $125.58M
- Funding rounds: 2
- Number of investors: 6
You can find their website here.
15) ROX Motor
ROX Motor is a car-building project that specialises in off-road new energy vehicles.
Details of the startup:
- Valuation: $2.00B (April 2022)
- Country: China
- State: Shanghai
- City: Shanghai
- Started in: 2021
- Founders: Feng Yan, Jing Chang
- Number of employees: 251-500
- Funding: $420.00M
- Funding rounds: 4
- Number of investors: 5
You can find their website here.
16) Rimac Group
Rimac Group combines advanced hypercars and high-performance electrification technologies for OEMS.
Details of the startup:
- Valuation: $2.00B (June 2022)
- Country: Croatia
- State: Zagrebacka
- City: Sveta Nedelja
- Started in: 2009
- Founders: Mate Rimac
- Number of employees: 1001-5000
- Funding: $875.77M
- Funding rounds: 9
- Number of investors: 10
You can find their website here.
17) Black Sesame Technologies
Black Sesame Technologies is an artificial intelligence (AI) digital imaging technology company focused on developing solutions for real-world AI difficulties.
Details of the startup:
- Valuation: $2.00B (September 2021)
- Country: China
- State: Shanghai
- City: Shanghai
- Started in: 2016
- Founders: Johnson Shan, Wilson Liu
- Number of employees: 100-250
- Funding: $64.08M
- Funding rounds: 4
- Number of investors: 18
You can find their website here.
18) ENOVATE
ENOVATE is a high-end new energy vehicle manufacturer employing modern technology and innovative methods to change the way people travel.
Details of the startup:
- Valuation: $1.85B (April 2019)
- Country: China
- State: Shanghai
- City: Shanghai
- Started in: 2015
- Founders: Hailiang Zhang
- Number of employees: 500-1,000
- Funding: $5,986.82M
- Funding rounds: 1
You can find their website here.
19) AIWAYS
AIWAYS is a smart car manufacturer based in Shanghai, China that creates beautiful electric vehicles that can be used in any situation.
Details of the startup:
- Valuation: $1.78B (April 2018)
- Country: China
- State: Shanghai
- City: Shanghai
- Started in: 2017
- Founders: Fu Qiang, Gu Feng
- Number of employees: 1,000-5,000
- Funding: $100.00M
- Funding rounds: 7
- Number of investors: 5
You can find their website here.
20) Spinny
Spinny is a used car buying platform enabling trustworthy and hassle-free transactions.
Details of the startup:
- Valuation: $1.75B (November 2021)
- Country: India
- City: Gurugram
- Started in: 2015
- Founders: Ganesh Pawar, Mohit Gupta, Niraj Singh, Ramanshu Mahaur
- Number of employees: 1,000-5,000
- Funding: $515.90M
- Funding rounds: 8
- Number of investors: 20
You can find their website here.
21) Carsome
Carsome is a used automobile e-commerce platform that enables individuals and businesses to sell cars efficiently.
Details of the startup:
- Valuation: $1.70B (July 2021)
- Country: Malaysia
- City: Petaling Jaya
- Started in: 2015
- Founders: Eric Cheng, Jiun Ee Teoh
- Number of employees: 500-1,000
- Funding: $597.35M
- Funding rounds: 13
- Number of investors: 25
You can find their website here.
22) Cresta
Cresta employs artificial intelligence to assist sales and service representatives in improving the quality of their customer service.
Details of the startup:
- Valuation: $1.60B (March 2022)
- Country: United States
- State: California
- City: San Francisco
- Started in: 2017
- Founders: S. Zayd Enam, Sebastian Thrun, Tim Shi
- Number of employees: 101-250
- Funding: $151.00M
- Funding rounds: 4
- Number of investors: 16
You can find their website here.
23) Carzone
Carzone is an automotive e-commerce site.
Details of the startup:
- Valuation: $1.52B (March 2019)
- Country: China
- State: Jiangsu
- City: Nanjing
- Started in: 1995
- Founders: Baoguo Shang
- Number of employees: 5,000-10,000
- Funding: $946.49M
- Funding rounds: 6
- Number of investors: 11
You can find their website here.
24) StoreDot
StoreDot is a battery developer and materials innovation leader, developing ground-breaking battery technologies for electric vehicles.
Details of the startup:
- Valuation: $1.50B (January 2022)
- Country: Israel
- City: Herzliya
- Started in: 2012
- Founders: Doron Myersdorf, Gil Rosenman, Simon Litsyn
- Number of employees: 100-250
- Funding: $206.00M
- Funding rounds: 13
- Number of investors: 14
You can find their website here.
25) Motorway
Motorway is an online used-car marketplace for professional car dealers that sells their cars using their smartphones.
Details of the startup:
- Valuation: $1.33B (November 2021)
- Country: United Kingdom
- State: England
- City: London
- Started in: 2017
- Founders: Alex Buttle, Harry Jones, Tom Leathes
- Number of employees: 100-250
- Funding: $274.59M
- Funding rounds: 5
- Number of investors: 12
You can find their website here.
26) CarDekho
CarDekho is a vehicle search platform dedicated to the digitization of the automotive ecosystem.
Details of the startup:
- Valuation: $1.20B (October 2021)
- Country: India
- City: Jaipur
- Started in: 2008
- Founders: Amit Jain, Anurag Jain
- Number of employees: 500-1,000
- Funding: $536.10M
- Funding rounds: 9
- Number of investors: 21
You can find their website here.
27) Tuhu
Tuhu is an automotive supplier delivering high value, innovative products and services.
Details of the startup:
- Valuation: $1.16B (September 2018)
- Country: China
- State: Shanghai
- City: Shanghai
- Started in: 2011
- Founders: Min Chen
- Number of employees: 500-1,000
- Funding: $580.45M
- Funding rounds: 7
- Number of investors: 14
You can find their website here.
28) TELD
Teld New Energy is a dedicated team of industry-leading experts who are passionate about finding and implementing the technology that powers electric vehicles.
Details of the startup:
- Valuation: $1.12B (December 2019)
- Country: China
- State: Shandong
- City: Qingdao
- Started in: 2014
- Founders: Yongguang Guo
- Number of employees: 250-500
- Funding: $435.98M
- Funding rounds: 4
- Number of investors: 8
You can find their website here.
29) Caribou
Caribou creates a payment platform that puts drivers in charge of their vehicle finances.
Details of the startup:
- Valuation: $1.10B (May 2022)
- Country: United States
- State: District of Columbia
- City: Washington
- Started in: 2016
- Founders: Kevin Bennett
- Number of employees: 251-500
- Funding: $189.10M
- Funding rounds: 5
- Number of investors: 16
You can find their website here.
30) Rivigo
Rivigo, a technology enabled logistics platform provider, helps customers move goods from origins to destinations with efficiency and reliability.
Details of the startup:
- Valuation: $1.07B (July 2019)
- Country: India
- City: Gurgaon
- Started in: 2014
- Founders: Deepak Garg, Gazal Kalra
- Number of employees: 1,000-5,000
- Funding: $319.89M
- Funding rounds: 11
- Number of investors: 7
You can find their website here.
31) Ample
Ample solves the energy delivery challenge for electric vehicles by utilising autonomous robotics and smart-battery technology.
Details of the startup:
- Valuation: $1.02B (November 2021)
- Country: United States
- State: California
- City: San Francisco
- Started in: 2014
- Founders: John de Souza, Khaled Hassounah
- Number of employees: 1-10
- Funding: $275.73M
- Funding rounds: 4
- Number of investors: 15
You can find their website here.
32) Leap Motor
Leapmotor is poised to become a leading brand in China’s burgeoning electric vehicle market.
Details of the startup:
- Valuation: $1.01B (November 2018)
- Country: China
- State: Zhejiang
- City: Hangzhou
- Started in: 2015
- Founders: Fu Liquan, Zhu Jiangming
- Number of employees: 500-1,000
- Funding: $1,761.19M
- Funding rounds: 4
- Number of investors: 12
You can find their website here.
33) Divergent
Divergent is a company that is working to reform industrial-scale manufacturing by creating an end-to-end digital production system.
Details of the startup:
- Valuation: $1.00B (April 2022)
- Country: United States
- State: California
- City: Torrance
- Started in: 2013
- Founders: Kevin Czinger
- Number of employees: 101-250
- Funding: $428.00M
- Funding rounds: 5
- Number of investors: 16
You can find their website here.
34) Banma Network Technologies
Banma Network Technologies is a next-generation automotive technology company that offers the first standard operating system for cars, the AliOS.
Details of the startup:
- Valuation: $1.00B (September 2018)
- Country: China
- State: Shanghai
- City: Shanghai
- Started in: 2015
- Founders: Alex Shi
- Number of employees: 100-250
- Funding: $11.54M
- Funding rounds: 2
- Number of investors: 6
You can find their website here.
35) Haomao.AI
Haomo.AI is a Chinese autonomous driving startup controlled by Great Wall Motor's Chairman Wei Jianjun.
Details of the startup:
- Valuation: $1.00B (December 2021)
- Country: China
- State: Beijing
- City: Beijing
- Started in: 2019
- Number of employees: 250-500
- Funding: $110.59M
- Funding rounds: 2
- Number of investors: 7
You can find their website here.
36) YH Global
YH Global provides comprehensive transport distribution solutions that enable cost savings, faster turnaround times, and improved efficiency. They have a full service logistics company that integrates all modes of transportation including air, sea, road, and rail to transport your goods worldwide.
Details of the startup:
- Valuation: $1.00B (September 2017)
- Country: China
- State: Guangdong
- City: Shenzhen
- Started in: 1997
- Founders: Zhang Quan
- Number of employees: 50-100
- Funding: $182.05M
- Funding rounds: 1
- Number of investors: 5
You can find their website here.
37) Shift Technology
Shift is an online marketplace for buying and selling used cars.
Details of the startup:
- Valuation: $1.00B (May 2021)
- Country: France
- City: Paris
- Started in: 2014
- Founders: Christian Ohler, George Arison, Joel Washington, Minnie Ingersoll, Morgan Knutson
- Number of employees: 500-1,000
- Funding: $319.72M
- Funding rounds: 10
- Number of investors: 23
You can find their website here.
38) SITECH DEV
SITECH DEV is a key part of China's first new energy vehicle industry which is being developed in Gui'an New Area.
Details of the startup:
- Valuation: $1.00B (May 2019)
- Country: China
- State: Guizhou
- City: Guiyang
- Started in: 2017
- Number of employees: 1-10
- Funding: $443.67M
- Funding rounds: 2
- Number of investors: 3
You can find their website here.
39) Carro
Carro is an online used automobile marketplace that provides a variety of services to assist you in purchasing a vehicle.
Details of the startup:
- Valuation: $1.00B (June 2021)
- Country: Singapore
- Started in: 2015
- Founders: Aaron Tan, Aditya Lesmana, Kelvin Chng
- Number of employees: 250-500
- Funding: $684.52M
- Funding rounds: 10
- Number of investors: 36
You can find their website here.