Global segment ranking · Mobility & logistics › Electric vehicles

The world’s most valuable EV maker startups

Edition 0 (beta)·Published 5 Oct 2026·Next scheduled update 5 Apr 2027

Companies designing and selling their own electric vehicles with three wheels or more: cars, pickups, vans, trucks, buses, three-wheelers and microcars. Ranked worldwide by AI-estimated valuation. The market sets the value; our AI estimates it.

Twice a year Claude · multi-AI consensus in a future edition· Method· Order never changed by a human

Declare an interest in EV makers

Key metrics for this segment: deliveries / orders. Figures as published by each company or the press, dated, not recalculated. The AIs weigh them alongside funding history and comparables.

Not in this segment. Electric motorcycles and scooters (Roam, Ather) belong to Electric two-wheelers; batteries and chargers to their own segments; robotaxi services (Verne) to Ride-hailing & taxis; autonomous pods on dedicated lanes (Glydways) to On-demand transit. Hybrid trucks (Edison Motors) and self-propelled trailers (Lightship) are not ranked here. Not eligible because created or wholly owned by a group or a state: Scout Motors (VW), Togg, Ceer (PIF and Foxconn), Mahindra Electric and Mahindra Last Mile Mobility, Switch Mobility, TI Clean Mobility, EKA Mobility, Omega Seiki; taken over after insolvency: Lion Electric. Listed: Aptera (Nasdaq, Oct 2025), Einride (Nasdaq, Jun 2026). Shut down or insolvent: Canoo, Fisker, Nikola, Arrival, Volta Trucks, Bollinger, Tevva, e.GO, EVUM, EV Motors Japan. Chinese companies are never ranked, nor companies run from China (SingAuto, Windrose). A company appears in one segment only. Method

The segment at a glance

16companies ranked

5companies on the radar

8countries in the ranking

8listed benchmarks

Sources: Company announcements, TechCrunch, Bloomberg, Electrive, Axios, Porsche Newsroom, ESG Today, Entrackr, Inc42, CARE Ratings, Startup Daily, Semafor, Techpoint Africa, FinSMEs, PR Times, The Bridge, AVEM, Automotive Manufacturing Solutions. Intention counters will be shown above a threshold of amount and number of Backers.

Rankings by region

Filter the ranking and the Radar. Ranks stay worldwide. Regional pages: Asia · Europe · North America · Oceania · Sub-Saharan Africa.

Global ranking · EV makers

Top 16 Radar Challengers

First edition: no movements yet.

World · 16 ranked companies

#	Company	Last round · Key metrics	Estimated valuation (AI) · range	Confidence	Back
1	Slate AutoUnited States · North AmericaSources: 1 · 2	Series C · USD 650M · Apr 2026Over 160,000 refundable reservations for its USD 25k pickup; production targeted for end-2026 · Apr 2026	Last known equity round: Series C · USD 650M · Apr 2026 (TWG Global; Bezos Expeditions, General Catalyst, Slauson & Co.) No confirmed published valuation Confidence index: HighMethod	Solid sources	Back
2	Rimac GroupCroatia · EuropeSources: 1 · 2 · 3	Series D · EUR 500M (about USD 530M) · Jun 2022Nevera hypercar production ends at 71 cars; controls Bugatti Rimac and supplies EV components (Rimac Technology) · 2026	Last known equity round: Series D · EUR 500M (about USD 530M) · Jun 2022 (SoftBank Vision Fund 2, Goldman Sachs Asset Management; Porsche); Porsche agreed in Apr 2026 to sell its 20.6% stake to a HOF Capital-led consortium (closing pending) No confirmed published valuation Confidence index: MediumMethod	Partial sources	Back
3	Harbinger MotorsUnited States · North AmericaSources: 1 · 2	Series C · USD 160M · Nov 2025FedEx order for 2,000 electric trucks worth USD 300M, deliveries by end-2027; over 200 chassis sold in 2025 · Sep 2026	Last known equity round: Series C · USD 160M · Nov 2025 (FedEx, THOR Industries, Capricorn Technology Impact Fund; Tiger Global); a further Series D of about USD 220M (Jun 2026) is reported by secondary-market data, not by the company No confirmed published valuation Confidence index: LowMethod	Weak sources	Back
4	Euler MotorsIndia · AsiaSources: 1 · 2	Series E · INR 437.5 crore (about USD 47M) · Mar 2026Revenue INR 192 crore (about USD 22M); over 15,000 cargo EVs on the road · FY25	Last known equity round: Series E · INR 437.5 crore (about USD 47M) · Mar 2026 (Lightrock; Hero MotoCorp, Blume Ventures, BlackSoil) No confirmed published valuation Confidence index: HighMethod	Solid sources	Back
5	Applied EVAustralia · OceaniaSources: 1 · 2	Series B · AUD 57M (about USD 40M) · Jan 2026Cab-less autonomous electric work vehicle (Blanc Robot); 100 sixth-generation units built; says it is profitable · 2026	Last known equity round: Series B · AUD 57M (about USD 40M) · Jan 2026 (National Reconstruction Fund; Barrenjoey, Japan Post Capital, Suzuki) No confirmed published valuation Confidence index: HighMethod	Solid sources	Back
6	Orange EVUnited States · North AmericaSources: 1 · 2	Growth round · USD 35M · Aug 2022Over 2,000 electric terminal trucks deployed in 43 US states, Canada and the Caribbean · Aug 2026	Last known equity round: Growth round · USD 35M · Aug 2022 (S2G Ventures, CCI (Henry Crown)); plus a USD 100M Wells Fargo credit facility in Aug 2026 No confirmed published valuation Confidence index: MediumMethod	Partial sources	Back
7	PMI Electro MobilityIndia · AsiaSources: 1 · 2	Preferential equity · INR 250 crore (about USD 29M) · Feb 2025About 2,000 electric buses in 31 cities; operating income INR 590 crore (about USD 70M) · FY24	Last known equity round: Preferential equity · INR 250 crore (about USD 29M) · Feb 2025 (Authum Investment, Gruhas, Antique) No confirmed published valuation Confidence index: HighMethod	Solid sources	Back
8	BasiGoKenya · Sub-Saharan AfricaSources: 1 · 2	Series A · USD 24M · Oct 2024134 electric buses on the road, 20 assembled a month, about 20,000 passengers a day · Mar 2026	Last known equity round: Series A · USD 24M · Oct 2024 (Africa50; Novastar, CFAO Kenya, Mobility54, Trucks VC); plus USD 17.5M of debt from DFC and BII No confirmed published valuation Confidence index: HighMethod	Solid sources	Back
9	Telo TrucksUnited States · North AmericaSources: 1 · 2	Series A · USD 20M · Sep 2025Over 12,000 reservations for its compact electric pickup · Sep 2025	Last known equity round: Series A · USD 20M · Sep 2025 (Marc Tarpenning, Yves Béhar and others) No confirmed published valuation Confidence index: HighMethod	Solid sources	Back
10	Kinetic GreenIndia · AsiaSources: 1 · 2	Series A (first close) · about USD 20M · Aug 2024Over 100,000 electric three-wheelers and other EVs sold cumulatively; revenue INR 303 crore · FY23	Last known equity round: Series A (first close) · about USD 20M · Aug 2024 (Greater Pacific Capital) No confirmed published valuation Confidence index: MediumMethod	Partial sources	Back
11	3EV IndustriesIndia · AsiaSources: 1	Series A · INR 120 crore (about USD 14M) · Nov 2025834 electric three-wheelers sold; revenue INR 54.7 crore · FY25	Last known equity round: Series A · INR 120 crore (about USD 14M) · Nov 2025 (Mahanagar Gas; Thackersey Group, Equentis Angel Fund) No confirmed published valuation Confidence index: LowMethod	Weak sources	Back
12	ASFJapan · AsiaSources: 1	Third-party allotment · JPY 1.25bn (about USD 8.5M) · Sep 2022Key metrics not disclosed	Last known equity round: Third-party allotment · JPY 1.25bn (about USD 8.5M) · Sep 2022 (JA Mitsui Leasing and others); further undisclosed investments from Takashima and folofly in Apr 2025 No confirmed published valuation Confidence index: MediumMethod	Partial sources	Back
13	foloflyJapan · AsiaSources: 1 · 2	Series A · JPY 1.1bn (about USD 8.3M, cumulative) · Jan 2023Fabless electric light vans; SBS Holdings plans to deploy up to 10,000 units · 2023	Last known equity round: Series A · JPY 1.1bn (about USD 8.3M, cumulative) · Jan 2023 (SBS Holdings, ENEOS, Osaka Gas, Kansai Electric Power) No confirmed published valuation Confidence index: MediumMethod	Partial sources	Back
14	KG MotorsJapan · AsiaSources: 1 · 2	Third-party allotment · JPY 470M (about USD 3.1M) · Sep 2026Over 2,200 pre-orders for its single-seat micro-EV mibot; first deliveries made · 2025	Last known equity round: Third-party allotment · JPY 470M (about USD 3.1M) · Sep 2026 (Chugin Capital, NTT Docomo Ventures, Mitsuba, Toho Gas) No confirmed published valuation Confidence index: HighMethod	Solid sources	Back
15	MunroUnited Kingdom · EuropeSources: 1	Equity round · GBP 2M (about USD 2.7M) · Oct 2025246 preliminary orders worth GBP 17.4M for its rugged electric 4x4; first deliveries made · Oct 2025	Last known equity round: Equity round · GBP 2M (about USD 2.7M) · Oct 2025 (Elbow Beach and others) No confirmed published valuation Confidence index: LowMethod	Weak sources	Back
16	Midipile MobilityFrance · EuropeSources: 1 · 2	Equity round · EUR 2M (about USD 2.3M) · Jul 2026Electric light utility quadricycle; targets 100 vehicles a year from 2027 · Jul 2026	Last known equity round: Equity round · EUR 2M (about USD 2.3M) · Jul 2026 (Team for the Planet shareholders (via Keenest)) No confirmed published valuation Confidence index: MediumMethod	Partial sources	Back

Back · Declaring an intention does not mean this company is raising funds. · Terms

Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Edition 0: produced by Claude (Anthropic); a consensus of several AI models will apply in a future edition. Eligibility: at least $1M raised including one equity round, non-listed company, main activity in this segment (electric vehicles). Country shown is the country of main operations. Request a correction

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How to read this ranking

Rank

Companies are ranked by AI-estimated valuation, highest first. The market sets the value; our AI estimates it.

Estimate

An AI-estimated valuation, its uncertainty range and its order of magnitude. Indicative, and imperfect by nature.

Hundreds of k$
Millions $
Tens of M$
Hundreds of M$
Unicorn
Decacorn
Hectocorn

Confidence

High: recent published valuation or round (under 24 months).
Medium: older data.
Low: single or unconfirmed source.

Full method →

Invest in eV makers, together

Uback aggregates investment intentions from business angels, family offices, corporates and sector specialists worldwide. Every ranked company already has professional investors on its cap table, who have negotiated a shareholders’ agreement: you don’t start from a blank page.

Strength in numbers

Alone, a small ticket opens no doors. Together, Backers carry weight.

Declare an intention

On a company, whether or not it has agreed, or on this segment, worldwide, in a region or in a country, with a ticket range. Paid, to show you are serious; valid for life, and movable until a deal process opens.

Critical mass is reached

When the pool’s combined amount reaches its critical mass, a floor amount estimated by the AI, the pool is passed to the local partner, who presents this demand to the companies concerned.

The local partner structures

If the company’s expectations and the Backers’ converge, the partner builds a transaction and presents it directly to the Backers concerned.

Closing

Capital raise or sale of existing shares: small tickets are pooled in a common vehicle set up by the local partner. Each Backer decides whether to take part.

Uback does not advise, does not negotiate, collects nothing. Each transaction is run by the local partner of the company’s country, under the law that governs its shares.

Get notified when intentions open What happens after my declaration? Intention declarations open once the local partner signs · price per ticket band · valid for life · movable until a deal process opens

Challengers

A registered company raising funds that is not in the ranking will be able, for a fee, to appear in a separate list labelled “Challengers”, for a set period, with a memo available to verified Backers. The listing has no effect on the ranking. Not open yet.

Sponsored space · no Challenger listed yet

Radar · known eligible companies, not ranked

Sorted by date of last round, with no judgement and no AI call.

Tensor Auto · United States · North America2025; reported USD 300M, unconfirmed; pre-IPO raise sought in 2026Back
Reborn Electric Motors · Chile · Latin America & CaribbeanDec 2024 · USD 4M; 40% stake, primary/secondary split undisclosedBack
Altigreen · India · AsiaFeb 2022 · INR 300 crore (about USD 40M); manufacturing reported halted in 2025, status unconfirmedBack
City Transformer · Israel · Middle East & North Africa2022; about USD 20M raised in totalBack
Jet Motor Company · Nigeria · Sub-Saharan AfricaMar 2020 · USD 9M; current activity unconfirmedBack

Listed benchmarks

Not ranked: no intention is possible on a listed company.

Tesla · United StatesNasdaq · TSLA
Rivian · United StatesNasdaq · RIVN
Lucid · United StatesNasdaq · LCID
Aptera · United StatesNasdaq · SEV
Einride · SwedenNasdaq · ENRD
Polestar · SwedenNasdaq · PSNY
VinFast · VietnamNasdaq · VFS
Olectra Greentech · IndiaNSE · OLECTRA

Sources and method for this segment

Calendar. Global segment rankings are published twice a year. Next edition: April 5, 2027.

Eligibility. At least $1M raised including one equity round, non-listed company, main activity in this segment (electric vehicles). A company appears in one segment only.

Sources. Company announcements, TechCrunch, Bloomberg, Electrive, Axios, Porsche Newsroom, ESG Today, Entrackr, Inc42, CARE Ratings, Startup Daily, Semafor, Techpoint Africa, FinSMEs, PR Times, The Bridge, AVEM, Automotive Manufacturing Solutions.

Method and rules, common to all rankings →

The world’s most valuable EV maker startups

Rankings by region

World

Asia

Europe

Latin America & Caribbean

Middle East & North Africa

North America

Oceania

Sub-Saharan Africa