The global sales in electric vehicles (EV) reached 1.134.000 units in the 1st half of 2019, 46 % higher than for the same period in 2018. Now that global & local authorities, carmakers, energy companies and investors have acknowledged that there is no ‘Planet B’, the push and related investments in EVs is accelerating.
The Global e-Mobility Funding Report for Q2 showed a significant growth in terms of total investments and transactions. Compared to the first quarter of 2019 the total investments in e-Mobility related companies grew from almost $2 billion to $4,4 billion for Q2. The overall transaction volume per quarter increased from 29 in Q1 to 42 for Q2. This brings the total transaction volume to a significant 71 transactions covering a value of $6,3 billion.
Top raisers: NIO, Tesla and Northvolt
With $1,45 Billion, NIO registered the largest funding round in Q2 followed by Tesla ( $800 Mln) and Northvolt ($600 Mln). Rivian barely missed the top 3 with again a staggering $500 Mln powered by Ford and Amazon. However, Rivian is still going strong and holds the overall Nr 2 position since they raised $700 Mln in the first quarter of 2019.
Analysts estimate funding up to $8 billion +
Due to the private nature of the market, details of only 49 of the total 71 transactions were available. According to Paul Jan Jacobs, Founder of EVBoosters™, the overall value of H1 is much higher; “We estimate that the overall worth of all capital injections together can be valued from $7 billion up to $8 billion + for the first half of 2019”.
Most popular industries to invest in are vehicles, batteries and charging infrastructure
The volume of investments per continent show that Europe is in the lead (23), followed by the US (22), with China completing the top 3. Although China is the global EV sales leader, it only counted a total of 15 transactions over the first half, albeit with deal count growing from 4 to 11 in just one quarter. The most popular EV industries to invest in are vehicle OEM’s (36), battery manufacturers (11), charging station OEM’s (5) and EV service providers (5). Investments in e-Mobility fleet sharing solutions grew from 0 to 3 in the past quarter.
Tencent most active investor H1, IKEA on the move
The Q2 Report also made a deep dive regarding the most active and notable investors. Tencent registered again 2 transactions, as did Hyundai, Samsung, ENGIE and EASME. The Chinese technology giant Tencent is the most active investor in e-Mobility related companies so far this year. Another interesting development is the fact that IKEA invested in Northvolt; Europe’s leading battery manufacturer, marking a major step in the development of a European battery value chain.
The global e-Mobility Funding Report is powered by Venture IQ and EVBoosters™.
About Venture IQ
Venture IQ is an independent, data-driven technology scouting firm. We combine global data, proprietary software and an analyst team to efficiently perform sector and company analyses. www.ventureiq.nl
About EVBoosters™ Growth Advisory
EVBoosters is the Expert in Growth Advisory Services for the European e-Mobility Industry. We support leading EV Industry players and investors regarding direction, scouting and M&A support.