Skip to main content

Investors like Amazon and BlackRock are betting these 10 EV startups have the best chance of becoming the next Tesla

* Tesla's soaring stock price has amplified the excitement around electric vehicles (EVs), leading to IPOs and fresh rounds of funding for startups that hope to replicate Tesla's success. * But investors have been placing their bets on the next generation of EV startups for years, pouring, in some cases, billions of dollars into companies that say their vehicles will set new benchmarks in the auto industry. * Below are the 10 electric-vehicle startups that have received the most money, according to Pitchbook. * While Nio has raised more money than many of the startups on this list, it was excluded since it went public and started making vehicles in 2018. * Visit Business Insider's homepage for more stories. SEE ALSO: The quirkiest vintage gas stations you can still visit on a road trip, from a photographer who spent 40 years documenting whimsical roadside attractions across the US 10. Canoo * Total capital raised: $1 billion * Most recent valuation: N/A   9. Lucid Motors * Total capital raised: $1.2 billion * Most recent valuation: N/A since 2009   8. Singulato Motors * Total capital raised: $1.2 billion * Most recent valuation: N/A   7. Byton * Total capital raised: $1.2 billion * Most recent valuation: N/A Byton announced a six-month pause of its operations in June. 6. Youxia Motors * Total capital raised: $1.3 billion * Most recent valuation: $1.9 billion   5. Li Auto * Total capital raised: $2 billion * Most recent valuation: $4.1 billion   4. Xpeng * Total capital raised: $4.1 billion * Most recent valuation: $4 billion   3. Faraday Future * Total capital raised: $4.4 billion * Most recent valuation: $4.4 billion   2. WM Motor * Total capital raised: $5 billion * Most recent valuation: N/A   1. Rivian * Total capital raised: $6 billion * Most recent valuation: N/A * Read more: * The CEO of Lucid Motors reveals the important lesson his former boss Elon Musk taught him about leadership * The CEO of EV startup Rivian explains why he thinks it will beat Audi, Mercedes-Benz, and BMW with its first 2 electric vehicles * Tesla, Nikola, Rivian, GM, and more are set for a battle over the huge new demand for electric trucks, buses, and vans * Trump says he personally urged Elon Musk to build Tesla's new $1 billion factory in Texas
https://bit.ly/2BwDITr

Popular posts from this blog

TikTok confirms it will sue the US government, alleging Trump failed to provide 'due process' before issuing ban

* TikTok confirmed Saturday that the company planned to sue the US government over President Donald Trump's executive orders targeting the popular app. * A company spokesperson said TikTok experienced "a lack of due process as the administration paid no attention to facts and tried to insert itself into negotiations between private businesses." * TikTok, which has surged in popularity over the past year, was known as Musical.ly until it was purchased by the Chinese company ByteDance in 2017 and renamed. * The president on August 6 and August 14 signed executive orders targeting TikTok.  * Visit Business Insider's homepage for more stories. TikTok on Saturday announced it plans to sue the US government over President Donald Trump's executive orders pertaining to its ownership, arguing the company was deprived of its due process rights. The president, who began targeting TikTok in July, issued an executive order August 6 making it illegal for American compani...
Read more

A full breakdown of what channels you get with every Sling TV package, plus all the add-ons

  * Sling is one of the most affordable cord-cutting services on the market, offering two packages —  Orange and Blue — with 30+ channels starting at $30 a month or combined for $45 a month. * Orange offers the Disney Channel and ESPN, while Blue offers a slate of Fox channels, NBC, Bravo, and Discovery. Both Orange and Blue offer CNN, TBS, Food Network, and BBC America. * You can also add on multi-channel packages, like Sports Extras, Kids Extras, or News Extras, starting at $5 a month. Premium add-ons, like Showtime, Starz, and Epix, are also available for an additional monthly charge.  * If you're new to Sling TV, you can receive a free 14-day trial for a limited time. * Here's a complete breakdown of the channels offered on each Sling package.    If you're hoping to get the most bang for your buck once you cut the cord with your cable subscription, Sling is one of the most affordable live streaming services on the market.  The service has two packages with ...
Read more

The $136,000 Maserati Levante GTS is a drool-worthy preview of what Ferrari's SUV could be like (FCAU)

* I tested a 2020 Maserati Levante GTS SUV that with thousands in options stickered at approximately $136,000. * The Maserati Levante GTS has a 550-horsepower, twin-turbocharged V8 engine, plus a gorgeous red interior. * The Levante GTS is beautiful, powerful, and fast. That puts it near the top of the luxury, high-performance SUV segment. * But competition is coming — and the Levante is a great preview of what Ferrari may put on the road in the next few years. * Visit Business Insider's homepage for more stories. Let's say you want a Ferrari, but you hail from a strange region where nobody is taught the lore of Maranello sports cars. An SUV is just your style, you decide. So you swing by your friendly neighborhood prancing horse dealership one day and ask if you can look at a couple of utes.  The dealer would thank you for your interest and slip you the business card of a colleague who represents Maserati, which since 2016 has been selling the Ferrari of SUVS, right dow...
Read more