Trucks under commercial vehicles and aerial under nontraditional formed niche upcoming sectors in the electric vehicles sector in 2016.
By stage, the number of fundraising rounds dipped most for early (76%), followed by seed (61%) and then late (18%).
Average ticket size showed a sharp dip for both Series A and Series B investments- 82% and 44% respectively with only a marginal increase for seed (10%).
Top investments in the last one year include LeSee’s Series A round of $1.1B and WM Motor’s Series A round of $1B.
By stage of entry, Y Combinator emerged as the most active investor for seed with Sequoia leading for Series A, Draper Fisher Juvertson leading for Series B and KPCB for later.
11 acquisitions have marked this space since 2016 among which Gree Electric Appliances picking up YinLong for $2B was the highest disclosed deal value.
Historically, automakers have been the most funded business model ($7.9B) followed by components ($2.9B) with $10.61B being invested in this sector between 2016-17 YTD and 283 companies funded in the last 5 years.
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