5 Best EV Startups to Watch

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In this article, we discuss the 5 best EV startups to watch. If you want to read our detailed analysis of these startups, go directly to the 10 Best EV Startups to Watch.

5. Sila Nanotechnologies 

Silla Nanotechnologies is a company that concentrates on the development and marketing of high energy density batteries used in electronic devices and vehicles around the world. The firm has raised more than $870 million in funding so far over 4 rounds, with the latest round earlier in January bringing in more than $590 million. Some of the lead investors in the startup include Coatue Investment and Canada Pension Plan Investment Board, among others. The firm is based in California and was founded in 2011. 

Another battery storage stock to look out for is Proterra Inc. (NASDAQ: PTRA), the automotive firm that develops and sells electric transit buses and different types of electric charging systems. Proterra Inc. (NASDAQ: PTRA) posted more than $123 million in revenue in 2018, which increased almost 50% to $181 million the next year. 

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