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1. TRACXN TOP BUSINESS MODELS REPORT
August 18, 2021
ENERGY TECH

2. Energy Tech - Top Business Models Report Copyright © 2021, Tracxn Private Limited. All rights reserved.
Contents
Energy Tech Funding - Overview 3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. Energy Tech - Top Business Models Report Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Funding in last 1 year
3
Electric Vehicles $14.3B
Energy Storage Tech $7.9B
Energy Efficiency Tech $2.3B
Renewable Energy Tech $1.7B
Oil & Gas Tech $916M
Smart Grid $700M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
EIT InnoEnergy
Y Combinator
Venture Catalysts
10
6
6
Early
Stage
Clean Energy Ventures
Breakthrough Energy
Google
5
5
4
Late
Stage
Fidelity Investments
T. Rowe Price
Coatue
6
5
5
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
United States (51%)
Sweden (17%)
China (13%)
Germany (4%)
Canada (2%)
United Kingdom (2%)
Norway (2%)
Others (9%)
$ Funding # Rounds
Northvolt
(2015, Sweden)
$2.8B -
Unattributed
Rivian
(2009, United States)
$2.6B - Series E
Rivian
(2009, United States)
$2.5B - Series E
WM Motor
(2015, China)
$1.5B - Series D
ENOVATE
(2018, China)
$744M - Series B
View
(2007, United States)
$700M - Series H
Leap Motor
(2015, China)
$664M - Series B
Northvolt
(2015, Sweden)
$600M -
Unattributed
Sila Nanotechnologies
(2011, United States)
$600M - Series F
Polestar
(1996, Sweden)
$550M -
Unattributed
Nuro
(2016, United States)
$500M - Series C
QuantumScape
(2010, United States)
$500M - Series D

4. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1<> 0 Electric Pickup Truck Manufacturers $5.2B 4 Rivian | $2.6B | Series E Link
2<> 0 Electric Car Manufacturers $3.8B 18 WM Motor | $1.5B | Series D Link
3▲16 Lithium Ion Batteries $3.4B 26 Northvolt | $2.8B | Unattributed Link
4▲40 Smart Glass Windows $701M 4 View | $700M | Series H Link
5▲10 Solid State Lithium Ion Batteries $534M 6 QuantumScape | $500M | Series D Link
6▼2 Free Float Electric Kick Scooter Rentals $506M 11 TIER | $250M | Series C Link
7▲9
Autonomous Electric Delivery Vehicle
Manufacturers
$502M 3 Nuro | $500M | Series C Link
8-- Electric Car Battery $500M 1 QuantumScape | $500M | Series D Link
9--
Hydrogen Powered Electric Commercial Vehicle
Manufacturers
$400M 2 Hyzon Motors | $400M | Series A Link
10▼7 eVTOL Manufacturers $316M 3 Volocopter | $241M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▼1 Fuel Station Management Software $300M 2 Newlink Group | $200M | Series D Link
12-- Solar Design Simulation Software $300M 2 Aurora Solar | $250M | Series C Link
13-- Hydrogen Boron Nuclear Reactors $284M 2 TAE Technolog.. | $280M | Series F Link
14▲4 Electric Bike Manufacturers $232M 9 Rad Power Bikes | $150M | Series C Link
15▲39 Alkaline Electrolyzers $229M 4 GreenHydrogen | $229M | Series C Link
16▲95 Oil and Gas Analytics Software $229M 4 Cognite | $150M | Series B Link
17▼8 Microgrid Operators $223M 7 Verdant Micro.. | $150M | Series D Link
18-- Electric Bus Manufacturers $200M 1 Proterra | $200M | Series H Link
19▲69 Internet First Solar Energy Projects Financing $176M 2 Brighte | $100M | Series D Link
20-- Solid State Electric Vehicle Battery $156M 3 Solid Power | $130M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21-- Ultracapacitor $144M 6 Skeleton Tech | $61.0M | Series D Link
22▲50
Distributed Energy Resources Management
Software
$137M 9 Voltus | $31.1M | Series C Link
23-- Two Wheeler EV Battery Swapping Station Network $135M 5 Oyika | $100M | Series C Link
24-- Commercial Lithium Ion Energy Storage System $133M 8 Fluence | $125M | Series D Link
25-- Oil and Gas Upstream Solutions $133M 1 Beyond Limits | $133M | Series C Link
26▲20 Oilfield Waste Gas to Computing Power $128M 1 Crusoe Energy | $128M | Series B Link
27▲31 Four Wheeler EV Plug In Charger $127M 20 EV Power | $54.7M | Series D Link
28▲33 Brands Sponsored Electric Vehicle Charging Network $125M 1 Volta | $125M | Series D Link
29▲22 Autonomous Electric Truck Manufacturers $120M 2 Einride | $110M | Series B Link
30▲57 Residential Lithium Ion Energy Storage System $116M 3 Ecoflow | $100M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▼3 Solar Powered Car Manufacturers $107M 3 Sono Motors | $54.7M | Series C Link
32▲27 Electric Scooter Manufacturers $106M 13 Ather Energy | $35.1M | Series D Link
33▲16 Autonomous Electric Shuttle Manufacturers $106M 6 EasyMile | $66.0M | Series B Link
34▲88 E-Car Ride Hailing Platforms $104M 3 Hype | $96.6M | Series C Link
35-- Biogas based Power Generators $97.8M 2 Mainspring E.. | $95.0M | Series D Link
36▼28 Electric Vehicle Charging Network Operators $88.7M 17 Volta | $125M | Series D Link
37▲127 Electric Vehicle Li-Ion Battery $85.8M 6 Solid Power | $130M | Series B Link
38▲4 Electric Motorcycle Manufacturers $85.4M 12 Revolt Motors | $20.1M | Series B Link
39▲39 EV Power System $83.8M 3 Forsee Power | $78.8M | Series C Link
40▼2 Industrial Energy Management System $83.5M 10 Amp | $374M | PE Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41▲12 Photo-Electrochemical Hydrogen Generators $83.2M 3 Heliogen | $83.0M | Series A Link
42▼28 Home Energy Management System $77.1M 8 Tibber | $65.0M | Series B Link
43▼26 Station Based Electric Kick Scooter Rentals $77.0M 5 Superpedestr.. | $60.0M | Series D Link
44▼9 Four Wheeler EV Plug In Portable Charger $74.1M 5 FreeWire Tec.. | $50.0M | Series C Link
45▲28 EV Charging Station Management Software $71.9M 17 Virta | $36.0M | Series C Link
46▲70 Grid Management Solutions $71.6M 5 Volue | $54.0M | Series C Link
47▼14 Liquid Air Energy Storage System $70.0M 1 Highview Power | $70.0M | Series C Link
48<> 0 Advanced Battery Anode Materials $68.5M 6 Sila Nanotech.. | $600M | Series F Link
49▲127 Station Based Electric Scooter Rentals $61.1M 2 GO Sharing | $60.1M | Series C Link
50-- Distributed Energy Resource Management System $58.1M 3 Voltus | $31.1M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Pickup Truck Manufacturers
01
9
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$5.2B (▲24.6%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$10.5B
5
1
7
2
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Automaker (Tesla)
(# Cos: 3501 | $50.9B)
Off Highway Vehicles (Lordstown
Motors)
(# Cos: 39 | $10.6B)
Pickup Trucks (Rivian)
(# Cos: 7 | $10.5B)
Rivian
(2009, United States, $10.5B)
Lordstown Motors
(2019, United States)
Bollinger Motors
(2014, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Rivian (2009, United States)
$2.6B - Series E - Jan 2021
Rivian (2009, United States)
$2.5B - Series E - Jul 2021
Hercules (2018, United States)
$20.0M - Series A - Mar 2021
Rivian (2009, United States)
Undisclosed - Series E - Sep 2020

10. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
WM Motor (2015, China)
$1.5B - Series D - Sep 2020
ENOVATE (2018, China)
$744M - Series B - Oct 2020
Leap Motor (2015, China)
$664M - Series B - Jan 2021
Polestar (1996, Sweden)
$550M - Unattributed - Apr 2021
Lucid (2007, United States)
$200M - Series D - Apr 2021
Rimac Automobili (2009, Croatia)
$83.4M - Series C - Mar 2021
Sono Motors (2013, Germany)
$54.7M - Series C - Dec 2020
View all 18 Funding Rounds on Tracxn Platform
Electric Car Manufacturers
02
10
Back to index
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Automaker (Nuro)
(# Cos: 3501 | $50.9B)
Cars (Tesla)
(# Cos: 271 | $30.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$3.8B (▲50.4%)
18(▲38.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$30.6B
82
8
271
27
Tesla
(2003, United States, $404M)
Rimac Automobili
(2009, Croatia, $219M)
Xiaopeng
(2014, China, $2.6B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

11. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Lithium Ion Batteries
03
11
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$3.4B (▲3675%)
26(▲18.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
30
$9.4B
166
21
724
21
Energy Storage Tech (ChargePoint)
(# Cos: 3840 | $25.2B)
Battery (Sila Nanotechnologies)
(# Cos: 1143 | $12.0B)
Secondary Battery (A123 Systems)
(# Cos: 765 | $10.0B)
Lithium Ion (QuantumScape)
(# Cos: 724 | $9.4B)
QuantumScape
(2010, United States, $1.0B)
A123 Systems
(2001, China, $201M)
Cygni Energy
(2014, India, $9.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Northvolt (2015, Sweden)
$2.8B - Unattributed - Jun 2021
Northvolt (2015, Sweden)
$600M - Unattributed - Sep 2020
QuantumScape (2010, United States)
$500M - Series D - Sep 2020
SES (2012, United States)
$139M - Series D - Apr 2021
Solid Power (2011, United States)
$130M - Series B - May 2021
SES (2012, United States)
$100M - Series D - Jul 2021
Enevate (2006, United States)
$81.0M - Series E - Feb 2021
View all 26 Funding Rounds on Tracxn Platform

12. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Smart Glass Windows
04
12
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$701M (▲2235%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$3.8B
10
1
11
4
Energy Efficiency Tech (Alarm.com)
(# Cos: 5568 | $16.8B)
Lighting Products (Nanoleaf)
(# Cos: 1382 | $7.2B)
Daylighting (Kinestral Technologies)
(# Cos: 20 | $3.8B)
Smart Glasses (View)
(# Cos: 11 | $3.8B)
View
(2007, United States, $3.5B)
Kinestral Technologies
(2010, United States, $259M)
ChromoGenics
(2003, Sweden, $15.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
View (2007, United States)
$700M - Series H - Jan 2021
Nodis (2014, Singapore)
$500K - Seed - Sep 2020
Andluca Techn.. (2017, United States)
$100K - Seed - Mar 2021
Ambilight (2017, United States)
Undisclosed - Series B - Mar 2021

13. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Solid State Lithium Ion Batteries
05
13
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$534M (▲421%)
6(▼14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$1.7B
23
1
33
3
Energy Storage Tech (ChargePoint)
(# Cos: 3840 | $25.2B)
Battery (Sila Nanotechnologies)
(# Cos: 1143 | $12.0B)
Secondary Battery (Cygni Energy)
(# Cos: 765 | $10.0B)
Lithium Ion (A123 Systems)
(# Cos: 724 | $9.4B)
Solid (QuantumScape)
(# Cos: 33 | $1.7B)
QuantumScape
(2010, United States, $1.0B)
BrightVolt
(1998, United States, $96.6M)
Ilika
(2004, United Kingdom, $8.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
QuantumScape (2010, United States)
$500M - Series D - Sep 2020
Factorial Ene.. (2021, United States)
$17.2M - Series B - Feb 2021
KeraCel (2017, United States)
$14.0M - Series A - Jan 2021
Blue Horizon .. (2013, United States)
$2.9M - Seed - Jul 2021
Jiangsu Qingtao Energ.. (2014, China)
Undisclosed - Series F - Feb 2021
Jiangsu Qingtao Energ.. (2014, China)
Undisclosed - Series E - Sep 2020

14. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Free Float Electric Kick Scooter Rentals
06
14
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$506M (▼35.7%)
11( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$3.0B
33
-
134
10
Electric Vehicles (ChargePoint)
(# Cos: 7225 | $65.6B)
Vehicle as a Service (Dott)
(# Cos: 884 | $7.1B)
Kick Scooters (Bird)
(# Cos: 257 | $3.3B)
Free Float (Lime)
(# Cos: 134 | $3.0B)
Lime
(2017, United States, $1.0B)
Bird
(2017, United States, $766M)
Dott
(2018, Netherlands, $142M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TIER (2018, Germany)
$250M - Series C - Nov 2020
Voi (2018, Sweden)
$107M - Series C - Dec 2020
Dott (2018, Netherlands)
$85.0M - Series B - Apr 2021
Voi (2018, Sweden)
$45.0M - Series C - Aug 2021
Blue Duck Sco.. (2018, United States)
$8.4M - Series B - Oct 2020
Blue Duck Sco.. (2018, United States)
$4.9M - Series B - Oct 2020
ZEUS (2019, Germany)
$2.4M - Angel - Jan 2021
View all 11 Funding Rounds on Tracxn Platform

15. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Autonomous Electric Delivery Vehicle
Manufacturers
07
15
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$502M (▲402%)
3(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.7B
5
-
6
2
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Automaker (Tesla)
(# Cos: 3501 | $50.9B)
Commercial Vehicles (Proterra)
(# Cos: 550 | $4.8B)
Autonomous Vehicles for
Logistics (Nuro)
(# Cos: 6 | $1.7B)
Nuro
(2016, United States, $1.5B)
AutoX
(2016, United States, $187M)
Ducktrain
(2018, Germany, $1.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nuro (2016, United States)
$500M - Series C - Nov 2020
Ducktrain (2018, Germany)
$1.8M - Seed - Jan 2021
Nuro (2016, United States)
Undisclosed - Series C - Mar 2021

16. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Car Battery
08
16
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$500M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.0B
2
1
3
0
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Components (KPIT Technologies)
(# Cos: 573 | $4.6B)
Batteries (StoreDot)
(# Cos: 201 | $3.2B)
Four Wheelers (A123 Systems)
(# Cos: 82 | $2.3B)
Cars (QuantumScape)
(# Cos: 3 | $1.0B)
QuantumScape
(2010, United States, $1.0B)
Ilika
(2004, United Kingdom, $8.0M)
Griffin Energy
(2020, United Kingdom)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
QuantumScape (2010, United States)
$500M - Series D - Sep 2020

17. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Hydrogen Powered Electric Commercial
Vehicle Manufacturers
09
17
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$400M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$400M
1
-
1
0
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Automaker (Tesla)
(# Cos: 3501 | $50.9B)
Commercial Vehicles (Nuro)
(# Cos: 550 | $4.8B)
Multi Category Commercial Vehicles
(Arrival)
(# Cos: 47 | $647M)
Hydrogen Powered (Hyzon Motors)
(# Cos: 1 | $400M)
Hyzon Motors
(2019, United States, $400M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hyzon Motors (2019, United States)
$400M - Series A - Feb 2021
Hyzon Motors (2019, United States)
Undisclosed - Seed - Oct 2020

18. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
eVTOL Manufacturers
10
18
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$316M (▼67.1%)
3(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.6B
8
-
9
4
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Automaker (Tesla)
(# Cos: 3501 | $50.9B)
Aerial (Lilium)
(# Cos: 101 | $1.9B)
Vertical Take-Off And Landing
(Volocopter)
(# Cos: 9 | $1.6B)
Volocopter
(2011, Germany, $388M)
Lilium
(2015, Germany, $375M)
Joby Aviation
(2009, United States, $820M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Volocopter (2011, Germany)
$241M - Series D - Mar 2021
Joby Aviation (2009, United States)
$75.0M - Series C - Dec 2020
Advanced Airc.. (2015, United States)
Undisclosed - Series A - Apr 2021

19. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Newlink Group (2016, China)
$200M - Series D - Mar 2021
Newlink Group (2016, China)
$100M - Series D - Jan 2021
Fuel Station Management Software
11
19
Back to index
Oil & Gas Tech (Drillinginfo)
(# Cos: 1569 | $5.6B)
Downstream (Kalibrate)
(# Cos: 377 | $770M)
Fuel Station Management (PDI Software)
(# Cos: 126 | $689M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$300M (▼1.5%)
2(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$689M
20
-
126
3
PDI Software
(1983, United States)
Titan Cloud Software
(1999, United States)
Gas Pos
(2015, United States, $1.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

20. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Solar Design Simulation Software
12
20
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$300M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$383M
3
-
5
2
Renewable Energy Tech (Brighte)
(# Cos: 2345 | $13.1B)
Solar Energy (First Solar)
(# Cos: 1245 | $8.6B)
Solar Sales and Design Software
(Angaza)
(# Cos: 138 | $446M)
Simulation (Aurora Solar)
(# Cos: 5 | $383M)
Aurora Solar
(2013, United States, $337M)
Morgan Solar
(2007, Canada, $45.9M)
EnergyGo
(2010, France)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Aurora Solar (2013, United States)
$250M - Series C - May 2021
Aurora Solar (2013, United States)
$50.0M - Series B - Nov 2020

21. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Hydrogen Boron Nuclear Reactors
13
21
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$284M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$971M
3
-
3
1
Nuclear Fusion (Helion)
(# Cos: 27 | $1.8B)
Reactors (General Fusion)
(# Cos: 26 | $1.8B)
Magnetic (CFS)
(# Cos: 19 | $1.8B)
Hydrogen Boron (TAE
Technologies)
(# Cos: 3 | $971M)
TAE Technologies
(1998, United States, $961M)
HB11 Energy
(1963, Australia, $3.6M)
Lawrenceville Plasma P..
(1974, United States, $6.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TAE Technolog.. (1998, United States)
$280M - Series F - Apr 2021
HB11 Energy (1963, Australia)
$3.6M - Seed - Feb 2021

22. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Bike Manufacturers
14
22
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$232M (▲157%)
9(▼43.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
16
$490M
75
-
836
9
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Automaker (Tesla)
(# Cos: 3501 | $50.9B)
Two Wheelers (Ola Electric)
(# Cos: 1502 | $2.2B)
Bicycles (Rad Power Bikes)
(# Cos: 836 | $490M)
Rad Power Bikes
(2007, United States, $175M)
VanMoof
(2009, Netherlands, $73.0M)
Cowboy
(2017, Belgium, $45.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Rad Power Bikes (2007, United States)
$150M - Series C - Feb 2021
VanMoof (2009, Netherlands)
$40.0M - Series B - Sep 2020
Super73 (2011, United States)
$20.0M - Series B - Feb 2021
Angell (2019, France)
$14.2M - Series A - Jul 2021
MATE (2016, Denmark)
$6.7M - Series A - Oct 2020
Modmo (2019, Ireland)
$1.2M - Seed - Apr 2021
Epick Bikes (2018, India)
Undisclosed - Seed - Jul 2021
View all 9 Funding Rounds on Tracxn Platform

23. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Alkaline Electrolyzers
15
23
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$229M (▲852%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$264M
4
1
4
0
Energy Storage Tech (ChargePoint)
(# Cos: 3840 | $25.2B)
Hydrogen Refueling (Everfuel)
(# Cos: 162 | $822M)
Hydrogen Generation (BayoTech)
(# Cos: 88 | $580M)
Electrolysis (ERGOSUP)
(# Cos: 13 | $321M)
Alkaline (GreenHydrogen)
(# Cos: 4 | $264M)
GreenHydrogen
(2007, Denmark, $259M)
Clean Power Hydrogen
(2016, United Kingdom, $3.6M)
Hymeth
(2016, Denmark, $891K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GreenHydrogen (2007, Denmark)
$229M - Series C - Mar 2021
Hymeth (2016, Denmark)
$891K - Seed - Sep 2020
Next Hydrogen (2007, Canada)
Undisclosed - Seed - Dec 2020
Next Hydrogen (2007, Canada)
Undisclosed - Seed - Sep 2020

24. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Cognite (2016, Norway)
$150M - Series B - May 2021
Cognite (2016, Norway)
$75.0M - Series A - Oct 2020
Maana (2012, United States)
$2.0M - Series C - Nov 2020
PetroDE (2011, United States)
$1.5M - Seed - Nov 2020
Oil and Gas Analytics Software
16
24
Back to index
Oil & Gas Tech (Drillinginfo)
(# Cos: 1569 | $5.6B)
Tech for Vertically Integrated Players (RigNet)
(# Cos: 192 | $708M)
Analytics (Cognite)
(# Cos: 48 | $376M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$229M (▲2957%)
4(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$376M
15
-
48
6
Cognite
(2016, Norway, $225M)
Maana
(2012, United States, $90.2M)
Flutura
(2012, United States, $10.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Microgrid Operators
17
25
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$223M (▼36.6%)
7(▲40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$730M
26
1
51
4
Smart Grid (Tendril)
(# Cos: 2048 | $7.7B)
Distributed Energy Resources (Autogrid)
(# Cos: 226 | $2.2B)
Microgrid (Spark Power)
(# Cos: 127 | $826M)
Operators (Bboxx)
(# Cos: 51 | $730M)
Bboxx
(2005, United Kingdom, $50.0M)
Mobisol
(2010, Germany, $26.9M)
Younicos
(2006, Germany, $75.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Verdant Micro.. (2019, United States)
$150M - Series D - Jun 2021
VoltaGrid (2020, United States)
$72.6M - Series C - Jan 2021
ME SOLshare (2015, Bangladesh)
$363K - Series A - Dec 2020
Sunkofa Energy (2018, Spain)
Undisclosed - Seed - Oct 2020
Peak Power (2015, United States)
Undisclosed - Seed - Nov 2020
Peak Power (2015, United States)
Undisclosed - Seed - Jan 2021
SolMicroGrid (2019, United States)
Undisclosed - Seed - Jan 2021

26. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Bus Manufacturers
18
26
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$200M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$930M
15
4
44
1
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Automaker (Tesla)
(# Cos: 3501 | $50.9B)
Commercial Vehicles (Nuro)
(# Cos: 550 | $4.8B)
Buses (Proterra)
(# Cos: 44 | $930M)
Proterra
(2004, United States, $858M)
GreenPower Motor Company
(2010, Canada)
Linkker
(2014, Finland, $3.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Proterra (2004, United States)
$200M - Series H - Oct 2020

27. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Brighte (2015, Australia)
$100M - Series D - Jan 2021
Brighte (2015, Australia)
$76.1M - Series C - Dec 2020
Internet First Solar Energy Projects
Financing
19
27
Back to index
Renewable Energy Tech (SunPower)
(# Cos: 2345 | $13.1B)
Solar Energy (First Solar)
(# Cos: 1245 | $8.6B)
Solar Financing (Brighte)
(# Cos: 28 | $813M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$176M (▲1393%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$813M
16
-
28
6
Brighte
(2015, Australia, $207M)
Renew Financial
(2008, United States, $125M)
Mosaic
(2011, United States, $251M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

28. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Solid State Electric Vehicle Battery
20
28
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$156M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$182M
1
-
1
1
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Components (KPIT Technologies)
(# Cos: 573 | $4.6B)
Batteries (QuantumScape)
(# Cos: 201 | $3.2B)
Multi Category Vehicles (Forsee Power)
(# Cos: 89 | $822M)
Lithium Ion (StoreDot)
(# Cos: 73 | $822M)
Solid State (Solid Power)
(# Cos: 1 | $182M)
Solid Power
(2011, United States, $182M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Solid Power (2011, United States)
$130M - Series B - May 2021
Solid Power (2011, United States)
$26.0M - Series B - Oct 2020
Solid Power (2011, United States)
Undisclosed - Series B - Jun 2021

29. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Ultracapacitor
21
29
Back to index
Energy Storage Tech (ChargePoint)
(# Cos: 3840 | $25.2B)
Ultracapacitor (Skeleton Tech)
(# Cos: 49 | $240M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$144M ( -- )
6( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$240M
26
6
49
4
Skeleton Tech
(2009, Germany, $109M)
Ioxus
(2007, United States, $58.5M)
Dais Analytic
(1993, United States, $5.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Skeleton Tech (2009, Germany)
$61.0M - Series D - Mar 2021
Skeleton Tech (2009, Germany)
$48.5M - Series D - Nov 2020
Skeleton Tech (2009, Germany)
$34.4M - Series D - Jul 2021
Integrated G.. (2020, United Kingdom)
$4.1M - Series A - Nov 2020
Nanoramic Lab.. (2010, United States)
$1.3M - Series B - Nov 2020
Skeleton Tech (2009, Germany)
Undisclosed - Series D - Mar 2021

30. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Voltus (2016, United States)
$31.1M - Series C - May 2021
Span.IO (2014, United States)
$30.4M - Series B - Dec 2020
Origami Energy (2013, United Kingdom)
$29.0M - Series C - Jun 2021
Voltus (2016, United States)
$25.0M - Series B - Oct 2020
Kevala Analyt.. (2014, United States)
$12.9M - Series B - Mar 2021
David Energy (2016, United States)
$4.1M - Seed - Feb 2021
SHYFT Power S.. (2019, United States)
$3.1M - Seed - Apr 2021
View all 9 Funding Rounds on Tracxn Platform
Distributed Energy Resources
Management Software
22
30
Back to index
Smart Grid (Tendril)
(# Cos: 2048 | $7.7B)
Distributed Energy Resources (Stem)
(# Cos: 226 | $2.2B)
DERs Management (Autogrid)
(# Cos: 72 | $829M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$137M (▲722%)
9(▲80%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$829M
41
-
72
6
Autogrid
(2011, United States, $75.0M)
GridPoint
(2003, United States, $464M)
Span.IO
(2014, United States, $40.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Two Wheeler EV Battery Swapping
Station Network
23
31
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$135M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$205M
4
-
9
3
Energy Storage Tech (Plug Power)
(# Cos: 3840 | $25.2B)
Charging (Volta)
(# Cos: 1577 | $3.3B)
Station Network (ChargePoint)
(# Cos: 646 | $1.7B)
Battery Swapping (Ampersand)
(# Cos: 39 | $217M)
Electric Vehicle (Lithion Power)
(# Cos: 39 | $217M)
Two Wheelers (EHuanDian)
(# Cos: 9 | $205M)
EHuanDian
(2015, China, $100M)
Ampersand
(2014, Germany, $4.7M)
Oyika
(2018, Singapore, $100M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Oyika (2018, Singapore)
$100M - Series C - Apr 2021
EHuanDian (2015, China)
$30.0M - Series C - Sep 2020
Ampersand (2014, Germany)
$3.5M - Series A - Apr 2021
Ampersand (2014, Germany)
$1.2M - Series A - Jun 2021
Oyika (2018, Singapore)
Undisclosed - Series C - Jun 2021

32. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Commercial Lithium Ion Energy Storage
System
24
32
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$133M ( -- )
8( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
15
$3.4B
66
7
198
9
Energy Storage Tech (ChargePoint)
(# Cos: 3840 | $25.2B)
Energy Storage System (Highview Power)
(# Cos: 635 | $6.6B)
Lithium Ion (Moixa)
(# Cos: 336 | $3.9B)
Commercial (Fluence)
(# Cos: 198 | $3.4B)
Fluence
(2018, United States, $125M)
Cadenza Innovation
(2016, United States, $15.2M)
Forsee Power
(2011, France, $143M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Fluence (2018, United States)
$125M - Series D - Dec 2020
Forsee Power (2011, France)
$78.8M - Series C - Feb 2021
LAVLE (2018, United States)
$5.0M - Series A - Oct 2020
Cadenza Innov.. (2016, United States)
$3.4M - Series A - Feb 2021
Spear Power S.. (2013, United States)
$3.0M - Series B - Nov 2020
ZeroNox (2017, United States)
$2.0M - Seed - Jan 2021
Enode (2020, Norway)
$125K - Seed - Jan 2021
View all 8 Funding Rounds on Tracxn Platform

33. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Beyond Limits (2010, United States)
$133M - Series C - Sep 2020
Oil and Gas Upstream Solutions
25
33
Back to index
Oil & Gas Tech (Nabors)
(# Cos: 1569 | $5.6B)
Upstream (Drillinginfo)
(# Cos: 838 | $3.5B)
Diversified (Beyond Limits)
(# Cos: 28 | $160M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$133M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$160M
12
1
28
1
Beyond Limits
(2010, United States, $153M)
Aucerna
(2005, Canada)
TouGas Oilfield Soluti..
(2013, Germany)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

34. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Oilfield Waste Gas to Computing Power
26
34
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$128M (▲327%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$163M
1
-
2
1
Oil & Gas Tech (Nabors)
(# Cos: 1569 | $5.6B)
Upstream (Drillinginfo)
(# Cos: 838 | $3.5B)
Oilfield Management (Acteon Group)
(# Cos: 209 | $748M)
Waste Gas to Energy (Digital Stream
Energy)
(# Cos: 2 | $163M)
Computing (Crusoe Energy)
(# Cos: 2 | $163M)
Crusoe Energy
(2018, United States, $163M)
Digital Stream Energy
(2019, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Crusoe Energy (2018, United States)
$128M - Series B - Apr 2021

35. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Four Wheeler EV Plug In Charger
27
35
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$127M (▲504%)
20(▲53.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
38
$820M
136
5
450
21
Energy Storage Tech (Volta)
(# Cos: 3840 | $25.2B)
Charging (ChargePoint)
(# Cos: 1577 | $3.3B)
Devices (Ossia)
(# Cos: 783 | $1.4B)
Plug In (EVBox)
(# Cos: 508 | $862M)
Electric Vehicle (POD Point)
(# Cos: 504 | $850M)
Four Wheelers (FreeWire
Technologies)
(# Cos: 450 | $820M)
FreeWire Technologies
(2014, United States, $103M)
POD Point
(2009, United Kingdom, $58.4M)
EVBox
(2010, Netherlands)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
EV Power (2010, China)
$54.7M - Series D - Jun 2021
FreeWire Tech.. (2014, United States)
$50.0M - Series C - Jan 2021
Wallbox (2015, Spain)
$40.0M - Series C - Feb 2021
Spirii (2019, Denmark)
$18.8M - Series B - Jan 2021
Charge Amps (2012, Sweden)
$15.3M - Series B - Mar 2021
Exicom Tele-Systems (1994, India)
$10.2M - Series B - Sep 2020
Indra (2011, United Kingdom)
$8.2M - Series A - Jan 2021
View all 20 Funding Rounds on Tracxn Platform

36. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Brands Sponsored Electric Vehicle
Charging Network
28
36
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$125M (▲525%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$216M
1
-
1
1
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Charging Solutions (FreeWire Technologies)
(# Cos: 1271 | $2.7B)
Station Network (NewMotion)
(# Cos: 546 | $1.7B)
Charging (EV Connect)
(# Cos: 524 | $1.5B)
Operators (ChargePoint)
(# Cos: 360 | $1.3B)
Brands Sponsored (Volta)
(# Cos: 1 | $216M)
Volta
(2010, United States, $216M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Volta (2010, United States)
$125M - Series D - Jan 2021

37. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Autonomous Electric Truck
Manufacturers
29
37
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$120M (▲380%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$162M
2
-
3
1
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Automaker (Tesla)
(# Cos: 3501 | $50.9B)
Commercial Vehicles (Nuro)
(# Cos: 550 | $4.8B)
Trucks (Nikola Motor)
(# Cos: 26 | $1.1B)
Autonomous (Einride)
(# Cos: 3 | $162M)
Einride
(2016, Sweden, $160M)
Udelv
(2016, United States, $1.4M)
Teleport
(2019, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Einride (2016, Sweden)
$110M - Series B - May 2021
Einride (2016, Sweden)
$10.0M - Series A - Oct 2020

38. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Residential Lithium Ion Energy Storage
System
30
38
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$116M (▲865%)
3(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$421M
15
-
45
5
Energy Storage Tech (ChargePoint)
(# Cos: 3840 | $25.2B)
Energy Storage System (Highview Power)
(# Cos: 635 | $6.6B)
Lithium Ion (Fluence)
(# Cos: 336 | $3.9B)
Residential (Moixa)
(# Cos: 45 | $421M)
Moixa
(2006, United Kingdom, $26.7M)
sonnen
(2010, Germany, $180M)
Pika Energy
(2010, United States, $9.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ecoflow (2016, United States)
$100M - Series B - Jun 2021
ElectrIQ Power (2014, United States)
$10.0M - Series A - Jun 2021
Yotta Energy (2017, United States)
$6.3M - Seed - Oct 2020

39. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Solar Powered Car Manufacturers
31
39
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$107M (▲92.4%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$180M
3
-
8
3
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Automaker (Nuro)
(# Cos: 3501 | $50.9B)
Cars (Tesla)
(# Cos: 271 | $30.6B)
Solar Powered (Sono Motors)
(# Cos: 8 | $180M)
Sono Motors
(2013, Germany, $120M)
Lightyear
(2016, Netherlands, $54.1M)
Aptera Motors
(2005, United States, $6.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sono Motors (2013, Germany)
$54.7M - Series C - Dec 2020
Lightyear (2016, Netherlands)
$48.0M - Series B - Mar 2021
Aptera Motors (2005, United States)
$4.0M - Series A - Feb 2021

40. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Scooter Manufacturers
32
40
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$106M (▲430%)
13(▲85.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.3B
54
3
293
12
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Automaker (Tesla)
(# Cos: 3501 | $50.9B)
Two Wheelers (Gogoro)
(# Cos: 1502 | $2.2B)
Scooters (Ola Electric)
(# Cos: 293 | $1.3B)
Ola Electric
(2017, India, $326M)
Gogoro
(2011, Taiwan, $480M)
Ather Energy
(2013, India, $158M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ather Energy (2013, India)
$35.1M - Series D - Nov 2020
Hero Electric (2007, India)
$29.5M - Series B - Jul 2021
Unu (2013, Germany)
$21.5M - Series B - Jun 2021
RED Electric (2015, France)
$12.1M - Series B - Jan 2021
SWAG EV (2018, Thailand)
$5.0M - Series A - Oct 2020
PURE (2015, India)
$1.4M - Seed - Oct 2020
Velca (2020, Spain)
$888K - Seed - Sep 2020
View all 13 Funding Rounds on Tracxn Platform

41. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Autonomous Electric Shuttle
Manufacturers
33
41
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$106M (▲271%)
6(▲500%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$184M
9
1
18
3
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Automaker (Tesla)
(# Cos: 3501 | $50.9B)
Commercial Vehicles (Nuro)
(# Cos: 550 | $4.8B)
Shuttles (Auro Robotics)
(# Cos: 26 | $184M)
Autonomous (Navya Technology)
(# Cos: 18 | $184M)
Navya Technology
(2014, France, $38.5M)
Auro Robotics
(2013, United States, $2.0M)
Local Motors
(2007, United States, $250K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
EasyMile (2014, France)
$66.0M - Series B - Apr 2021
Glydways (2016, United States)
$35.2M - Series C - Sep 2020
Glydways (2016, United States)
$5.0M - Series C - Apr 2021
Glydways (2016, United States)
$70.0K - Series C - Dec 2020
PIX Moving (2017, China)
Undisclosed - Seed - Feb 2021
Local Motors (2007, United States)
Undisclosed - Series B - May 2021

42. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
E-Car Ride Hailing Platforms
34
42
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$104M (▲1736%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$161M
15
-
40
5
Electric Vehicles (ChargePoint)
(# Cos: 7225 | $65.6B)
Vehicle as a Service (Lime)
(# Cos: 884 | $7.1B)
Cars (Envoy)
(# Cos: 225 | $502M)
Ride Hailing (Blu Smart)
(# Cos: 40 | $161M)
Blu Smart
(2018, India, $15.6M)
Lithium Urban Technolo..
(2013, India, $19.3M)
Hype
(2015, France, $96.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hype (2015, France)
$96.6M - Series C - Jan 2021
Blu Smart (2018, India)
$7.0M - Seed - Sep 2020
eee-Taxi (2016, India)
$188K - Seed - Apr 2021

43. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Biogas based Power Generators
35
43
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$97.8M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$231M
2
-
2
1
Renewable Energy Tech (First Solar)
(# Cos: 2345 | $13.1B)
Bioenergy (Renmatix)
(# Cos: 133 | $2.0B)
Applications (IPG)
(# Cos: 3 | $231M)
Power Generators (Mainspring
Energy)
(# Cos: 2 | $231M)
Mainspring Energy
(2010, United States, $228M)
IPG
(2016, United Kingdom, $2.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mainspring En.. (2010, United States)
$95.0M - Series D - May 2021
IPG (2016, United Kingdom)
$2.8M - Series A - Mar 2021

44. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Vehicle Charging Network
Operators
36
44
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$88.7M (▼75.3%)
17(▲54.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
19
$1.3B
98
2
360
10
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Charging Solutions (FreeWire Technologies)
(# Cos: 1271 | $2.7B)
Station Network (EV Connect)
(# Cos: 546 | $1.7B)
Charging (Volta)
(# Cos: 524 | $1.5B)
Operators (ChargePoint)
(# Cos: 360 | $1.3B)
ChargePoint
(2007, United States, $657M)
Volta
(2010, United States, $216M)
NewMotion
(2009, Netherlands, $18.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Volta (2010, United States)
$125M - Series D - Jan 2021
AddEnergie Technolog.. (2009, Canada)
$39.8M - Series C - Oct 2020
Electra (2021, France)
$17.9M - Seed - Jun 2021
InstaVolt (2016, United Kingdom)
$13.5M - Series B - Jan 2021
Zeplug (2014, France)
$5.9M - Series B - Nov 2020
ChargerQuest (2019, Canada)
$3.1M - Series A - May 2021
ChargeZone (2018, India)
$3.0M - Seed - Oct 2020
View all 17 Funding Rounds on Tracxn Platform

45. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Vehicle Li-Ion Battery
37
45
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$85.8M (▲7589%)
6(▲500%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$822M
20
6
73
6
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Components (KPIT Technologies)
(# Cos: 573 | $4.6B)
Batteries (QuantumScape)
(# Cos: 201 | $3.2B)
Multi Category Vehicles (Forsee Power)
(# Cos: 89 | $822M)
Lithium Ion (StoreDot)
(# Cos: 73 | $822M)
StoreDot
(2012, Israel, $146M)
Forsee Power
(2011, France, $143M)
Flux Power
(2009, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Solid Power (2011, United States)
$130M - Series B - May 2021
Enevate (2006, United States)
$81.0M - Series E - Feb 2021
Forsee Power (2011, France)
$78.8M - Series C - Feb 2021
Solid Power (2011, United States)
$26.0M - Series B - Oct 2020
Lohum (2011, India)
$7.0M - Series A - Dec 2020
Solid Power (2011, United States)
Undisclosed - Series B - Jun 2021

46. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Electric Motorcycle Manufacturers
38
46
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$85.4M (▲138%)
12(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$412M
43
2
174
7
Electric Vehicles (Lime)
(# Cos: 7225 | $65.6B)
Automaker (Tesla)
(# Cos: 3501 | $50.9B)
Two Wheelers (Ola Electric)
(# Cos: 1502 | $2.2B)
Motorcycles (Zero Motorcycles)
(# Cos: 174 | $412M)
Zero Motorcycles
(2006, United States, $253M)
CAKE
(2016, Sweden, $14.0M)
Ubco Bikes
(2015, New Zealand, $15.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Revolt Motors (2014, India)
$20.1M - Series B - Apr 2021
Zero Motorcyc.. (2006, United States)
$20.0M - Unattributed - Jun 2021
Zero Motorcyc.. (2006, United States)
$10.4M - Unattributed - Oct 2020
Ubco Bikes (2015, New Zealand)
$10.0M - Series B - Jun 2021
Scorpio Electric (2017, Singapore)
$6.3M - Series A - Nov 2020
Zero Motorcyc.. (2006, United States)
$5.0M - Unattributed - Jan 2021
Ultraviolette (2014, India)
$4.1M - Series B - Sep 2020
View all 12 Funding Rounds on Tracxn Platform

47. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
EV Power System
39
47
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$83.8M (▲475%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$1.3B
18
4
55
4
Energy Storage Tech (ChargePoint)
(# Cos: 3840 | $25.2B)
Energy Storage System (Highview Power)
(# Cos: 635 | $6.6B)
Lithium Ion (Moixa)
(# Cos: 336 | $3.9B)
Commercial (Fluence)
(# Cos: 198 | $3.4B)
Automotive (Forsee Power)
(# Cos: 55 | $1.3B)
Forsee Power
(2011, France, $143M)
Flux Power
(2009, United States)
Microvast
(2006, United States, $430M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Forsee Power (2011, France)
$78.8M - Series C - Feb 2021
Spear Power S.. (2013, United States)
$3.0M - Series B - Nov 2020
ZeroNox (2017, United States)
$2.0M - Seed - Jan 2021

48. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Industrial Energy Management System
40
48
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$83.5M (▲111%)
10(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
30
$1.4B
113
3
268
19
Energy Efficiency Tech (Latch)
(# Cos: 5568 | $16.8B)
Energy Management System (Tendril)
(# Cos: 2223 | $6.0B)
Building Automation Systems
(Alarm.com)
(# Cos: 1348 | $3.8B)
IEMS (Asetek)
(# Cos: 268 | $1.4B)
Asetek
(1997, Denmark, $34.0M)
Device42
(2010, United States, $38.5M)
Everactive
(2012, United States, $99.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Amp (2009, Canada)
$374M - PE - Jan 2021
Everactive (2012, United States)
$35.4M - Series C - Sep 2020
METRON (2013, France)
$21.3M - Series B - Jul 2021
Everactive (2012, United States)
$16.0M - Series C - Aug 2021
Ndustrial.io (2015, United States)
$6.0M - Series A - May 2021
Sensor Fact (2016, Netherlands)
$4.4M - Series A - Mar 2021
Probus (2017, India)
$500K - Seed - Aug 2021
View all 10 Funding Rounds on Tracxn Platform

49. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Photo-Electrochemical Hydrogen
Generators
41
49
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$83.2M (▲233%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$109M
3
-
3
1
Renewable Energy Tech (Brighte)
(# Cos: 2345 | $13.1B)
Solar Energy (First Solar)
(# Cos: 1245 | $8.6B)
Applications (BEEWISE)
(# Cos: 153 | $304M)
Hydrogen Generation (Enapter)
(# Cos: 8 | $134M)
Photo-Electrochemical (Heliogen)
(# Cos: 3 | $109M)
Heliogen
(2012, United States, $108M)
SunHydrogen
(2009, United States, $1.1M)
SoHHytec
(2020, Switzerland, $162K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Heliogen (2012, United States)
$83.0M - Series A - Jun 2021
SoHHytec (2020, Switzerland)
$162K - Seed - Mar 2021
SunHydrogen (2009, United States)
Undisclosed - Seed - Sep 2020

50. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Home Energy Management System
42
50
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$77.1M (▼26.3%)
8(▲60%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$785M
63
3
223
9
Energy Efficiency Tech (ecobee)
(# Cos: 5568 | $16.8B)
Energy Management System (Latch)
(# Cos: 2223 | $6.0B)
Building Automation Systems (Tendril)
(# Cos: 1348 | $3.8B)
HEMS (Alarm.com)
(# Cos: 223 | $785M)
Alarm.com
(2000, United States, $137M)
Tendril
(2004, United States, $235M)
SmartRent
(2017, United States, $138M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tibber (2016, Sweden)
$65.0M - Series B - Nov 2020
Cuculus (2007, Germany)
$9.1M - Series B - Jan 2021
IOTAS (2014, United States)
$2.8M - Series A - Apr 2021
Pert (2014, India)
$204K - Angel - Oct 2020
Shenzhen Feibi Electr.. (2010, China)
Undisclosed - Series A - Jan 2021
LifeSmart (2013, China)
Undisclosed - Series C - May 2021
SmartRent (2017, United States)
Undisclosed - Series C - Mar 2021
View all 8 Funding Rounds on Tracxn Platform

51. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Station Based Electric Kick Scooter
Rentals
43
51
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$77.0M (▼17.7%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$275M
15
-
103
2
Electric Vehicles (ChargePoint)
(# Cos: 7225 | $65.6B)
Vehicle as a Service (Bird)
(# Cos: 884 | $7.1B)
Kick Scooters (Lime)
(# Cos: 257 | $3.3B)
Station Based (Fenix)
(# Cos: 103 | $275M)
Fenix
(2020, United States, $5.0M)
Grin Scooters
(2018, Mexico, $72.7M)
Neuron
(2016, Singapore, $34.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Superpedestrian (2012, United States)
$60.0M - Series D - Dec 2020
Neuron (2016, Singapore)
$12.0M - Series A - Sep 2020
Fenix (2020, United States)
$3.8M - Seed - Nov 2020
Fenix (2020, United States)
$1.2M - Seed - Feb 2021
Superpedestrian (2012, United States)
Undisclosed - Series D - Jan 2021

52. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Four Wheeler EV Plug In Portable
Charger
44
52
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$74.1M (▲75.2%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$177M
13
-
62
4
Energy Storage Tech (Volta)
(# Cos: 3840 | $25.2B)
Charging (ChargePoint)
(# Cos: 1577 | $3.3B)
Devices (Ossia)
(# Cos: 783 | $1.4B)
Plug In (Wallbox)
(# Cos: 508 | $862M)
Electric Vehicle (EVBox)
(# Cos: 504 | $850M)
Four Wheelers (POD Point)
(# Cos: 450 | $820M)
Portable (FreeWire
Technologies)
(# Cos: 62 | $177M)
FreeWire Technologies
(2014, United States, $103M)
Ubitricity
(2008, Germany, $29.4M)
SparkCharge
(2014, United States, $5.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
FreeWire Tech.. (2014, United States)
$50.0M - Series C - Jan 2021
Spirii (2019, Denmark)
$18.8M - Series B - Jan 2021
SparkCharge (2014, United States)
$3.3M - Seed - Oct 2020
SparkCharge (2014, United States)
$1.0M - Angel - Oct 2020
SparkCharge (2014, United States)
$1.0M - Seed - Nov 2020

53. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Virta (2013, Finland)
$36.0M - Series C - Apr 2021
IoTecha (2015, United States)
$17.4M - Series B - Jun 2021
Weave Grid (2018, United States)
$15.0M - Series A - May 2021
ev.energy (2018, United Kingdom)
$8.8M - Series A - Jun 2021
ChargeLab (2019, Canada)
$4.3M - Seed - Feb 2021
Enervalis (2013, Belgium)
$3.3M - Series A - Aug 2020
OpConnect (2008, United States)
$2.2M - Series A - Apr 2021
View all 17 Funding Rounds on Tracxn Platform
EV Charging Station Management
Software
45
53
Back to index
Energy Storage Tech (Volta)
(# Cos: 3840 | $25.2B)
Charging (ChargePoint)
(# Cos: 1577 | $3.3B)
Station Management IT (EV Connect)
(# Cos: 128 | $197M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$71.9M (▲336%)
17(▲54.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$197M
56
-
128
14
EV Connect
(2009, United States, $25.0M)
Virta
(2013, Finland, $36.0M)
Greenflux
(2011, Netherlands, $13.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

54. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Volue (2020, Norway)
$54.0M - Series C - Oct 2020
Reactive Tec.. (2010, United Kingdom)
$15.0M - Series C - Aug 2021
Reactive Tec.. (2010, United Kingdom)
$1.5M - Series C - Dec 2020
Enline (2018, Portugal)
$1.4M - Seed - Dec 2020
Gilytics (2017, Switzerland)
$1.1M - Seed - Dec 2020
Grid Management Solutions
46
54
Back to index
Smart Grid (Tendril)
(# Cos: 2048 | $7.7B)
Grid Management (SpaceTime Insight)
(# Cos: 342 | $949M)
Diversified (IQGeo)
(# Cos: 62 | $117M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$71.6M (▲976%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$117M
23
3
62
4
IQGeo
(2002, United Kingdom)
Envelio
(2017, Germany, $7.8M)
Reactive Technologies
(2010, United Kingdom, $48.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

55. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Liquid Air Energy Storage System
47
55
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$70.0M (▲52.2%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$145M
4
-
9
1
Energy Storage Tech (ChargePoint)
(# Cos: 3840 | $25.2B)
Energy Storage System (Moixa)
(# Cos: 635 | $6.6B)
Thermal (Ice Energy)
(# Cos: 69 | $707M)
Liquid Air (Highview Power)
(# Cos: 9 | $145M)
Highview Power
(2005, United Kingdom, $145M)
Pintail Power
(2014, United States)
Coolfinity
(2016, Netherlands)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Highview Power (2005, United Kingdom)
$70.0M - Series C - Feb 2021

56. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Advanced Battery Anode Materials
48
56
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$68.5M (▲135%)
6(▲20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.3B
30
2
40
9
Energy Storage Tech (ChargePoint)
(# Cos: 3840 | $25.2B)
Battery (QuantumScape)
(# Cos: 1143 | $12.0B)
Components (Ionic Materials)
(# Cos: 135 | $1.5B)
Electrode (NanoOne)
(# Cos: 76 | $1.3B)
Anode (Sila Nanotechnologies)
(# Cos: 40 | $1.3B)
Sila Nanotechnologies
(2011, United States, $889M)
Group14 Technologies
(2015, United States, $32.4M)
Advano
(2014, United States, $23.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sila Nanotech.. (2011, United States)
$600M - Series F - Jan 2021
Nanotech Energy (2014, United States)
$64.0M - Series D - Aug 2021
E-magy (2014, Netherlands)
$6.0M - Series A - Feb 2021
Advano (2014, United States)
$4.7M - Series A - Apr 2021
Conamix (2014, United States)
$2.5M - Seed - Dec 2020
Paraclete Ene.. (2010, United States)
$2.0M - Seed - Sep 2020

57. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Station Based Electric Scooter Rentals
49
57
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$61.1M (▲ >10K%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$96.2M
12
-
49
2
Electric Vehicles (ChargePoint)
(# Cos: 7225 | $65.6B)
Vehicle as a Service (Lime)
(# Cos: 884 | $7.1B)
Scooters (Scoot Networks)
(# Cos: 124 | $342M)
Station Based (GO Sharing)
(# Cos: 49 | $96.2M)
GO Sharing
(2019, Netherlands, $84.2M)
WeMo Scooter
(2016, Taiwan)
Blive
(2018, India, $1.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GO Sharing (2019, Netherlands)
$60.1M - Series C - Apr 2021
Blive (2018, India)
$1.0M - Seed - Mar 2021

58. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
Recent Funding Rounds
Distributed Energy Resource
Management System
50
58
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$58.1M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$175M
14
-
30
1
Energy Efficiency Tech (Tendril)
(# Cos: 5568 | $16.8B)
Energy Management System (Alarm.com)
(# Cos: 2223 | $6.0B)
Load Management (Opower)
(# Cos: 131 | $783M)
DERMS (Franklin Energy)
(# Cos: 30 | $175M)
Franklin Energy
(1994, United States)
Voltus
(2016, United States, $66.2M)
Viridity Energy
(2008, United States, $76.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Voltus (2016, United States)
$31.1M - Series C - May 2021
Voltus (2016, United States)
$25.0M - Series B - Oct 2020
Virtual Peaker (2015, United States)
$2.0M - Seed - Apr 2021

59. Energy Tech - Top Business Models Report Copyright © 2021, Tracxn Private Limited. All rights reserved.
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61. Copyright © 2021, Tracxn Private Limited. All rights reserved.
Energy Tech - Top Business Models Report
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