# Top 50 Automotive & EVs Startups Founded in 2020 by Funding (2026)

> The 50 best-funded automotive & EVs startups founded in 2020, ranked by total funding raised: $3.4B combined.

Source: https://millionrounds.com/top-lists/automotive-startups-founded-2020 (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Electra** Electra is decarbonizing ironmaking for green steel production using intermittent renewable energy and low-grade iron ores.](https://millionrounds.com/company/electra) Electra is decarbonizing ironmaking for green steel production using intermittent renewable energy and low-grade iron ores. *Founded* 2020 Boulder, United States **$1.1B** last round Mar 2026
- 2 [**Voyah** Voyah creates and manufactures electric vehicle and automobile.](https://millionrounds.com/company/voyah) Voyah creates and manufactures electric vehicle and automobile. *Founded* 2020 Oslo, Norway **$702M** last round Nov 2022
- 3 [**Moove** Moove is a technologically integrated vehicle financing platform for mobility entrepreneurs.](https://millionrounds.com/company/moove) Moove is a technologically integrated vehicle financing platform for mobility entrepreneurs. *Founded* 2020 Nigeria **$350M** last round Aug 2026
- 4 [**REGENT Craft**](https://millionrounds.com/company/regent-craft) *Founded* 2020 United States **$240M** last round Aug 2026
- 5 [**EVC** EVC's core focus is on providing convenient, practical and reliable 'destination' charging options for its growing customer base](https://millionrounds.com/company/evc) EVC's core focus is on providing convenient, practical and reliable 'destination' charging options for its growing customer base *Founded* 2020 United Kingdom **$199M** last round Feb 2023
- 6 [**Monta** Monta is a Copenhagen-based EV charging software platform founded in 2020.](https://millionrounds.com/company/monta) Monta is a Copenhagen-based EV charging software platform founded in 2020. *Founded* 2020 Copenhagen, Denmark **$87M** last round Jan 2024
- 7 [**AutoGrab** AutoGrab is an automotive data intelligence platform founded in 2020 in Melbourne, Australia.](https://millionrounds.com/company/autograb) AutoGrab is an automotive data intelligence platform founded in 2020 in Melbourne, Australia. *Founded* 2020 Melbourne, Australia **$80M** last round Jan 2026
- 8 [**Lightship** Lightship is an all-electric RV manufacturer, designer, and a producer of an aerodynamic, battery-powered trailer for the electric age.](https://millionrounds.com/company/lightship) Lightship is an all-electric RV manufacturer, designer, and a producer of an aerodynamic, battery-powered trailer for the electric age. *Founded* 2020 United States **$77M** last round Dec 2025
- 9 [**Carputty** Carputty is a fintech company based in Atlanta, Georgia, founded in 2020.](https://millionrounds.com/company/carputty) Carputty is a fintech company based in Atlanta, Georgia, founded in 2020. *Founded* 2020 Atlanta, United States **$75M** last round Sept 2026
- 10 [**Car Capital Technologies** Car Capital Technologies provides car dealers with capital and technology to support regulatory and compliance requirements and servicing.](https://millionrounds.com/company/car-capital-technologies) Car Capital Technologies provides car dealers with capital and technology to support regulatory and compliance requirements and servicing. *Founded* 2020 Grapevine, United States **$70M** last round Jul 2024
- 11 [**Intramotev** Intramotev is a St.](https://millionrounds.com/company/intramotev) Intramotev is a St. *Founded* 2020 Saint Louis, United States **$38M** last round Oct 2026
- 12 [**StrollMe** Strollme is an online store that provides subscription strollers and children's bikes.](https://millionrounds.com/company/strollme) Strollme is an online store that provides subscription strollers and children's bikes. *Founded* 2020 Munich, Germany **$28M** last round Oct 2026
- 13 [**Revoy** Revoy is a private automotive technology startup based in San Francisco, founded in 2020 by Ian Rust.](https://millionrounds.com/company/revoy) Revoy is a private automotive technology startup based in San Francisco, founded in 2020 by Ian Rust. *Founded* 2020 Daly City, United States **$27M** last round Jul 2026
- 14 [**Aviva Links** Aviva Links is a startup founded by industry veterans with a solid track record of technology innovation and business execution.](https://millionrounds.com/company/aviva-links) Aviva Links is a startup founded by industry veterans with a solid track record of technology innovation and business execution. *Founded* 2020 San Jose, United States **$27M** last round Sept 2021
- 15 [**NX Technologies** Power electronics & controls for e-mobility and clean energy power management and conversion](https://millionrounds.com/company/nx-technologies) Power electronics & controls for e-mobility and clean energy power management and conversion *Founded* 2020 San Sebastian, Spain **$26M** last round Sept 2026
- 16 [**Hypercraft** Based in Melbourne, Hypercraft is a dedicated, passionate team of experienced web, marketing and IT professionals.](https://millionrounds.com/company/hypercraft) Based in Melbourne, Hypercraft is a dedicated, passionate team of experienced web, marketing and IT professionals. *Founded* 2020 United States **$26M** last round Jun 2025
- 17 [**Tenet** 株式会社TENET is a health tech company based in Japan, dedicated to supporting the digital transformation of medical institutions.](https://millionrounds.com/company/tenet) 株式会社TENET is a health tech company based in Japan, dedicated to supporting the digital transformation of medical institutions. *Founded* 2020 Shibuya City, United States **$20M** last round Nov 2023
- 18 [**Statiq** Statiq is an electric vehicle charging network that allows customers to find the closest charging station, book a slot, and pay online.](https://millionrounds.com/company/statiq) Statiq is an electric vehicle charging network that allows customers to find the closest charging station, book a slot, and pay online. *Founded* 2020 Gurgaon, India **$18M** last round Feb 2026
- 19 [**Spartan Radar** Spartan Software is about seeing more by removing unneeded artifacts from a sensor scan while extracting the most important data](https://millionrounds.com/company/spartan-radar) Spartan Software is about seeing more by removing unneeded artifacts from a sensor scan while extracting the most important data *Founded* 2020 Los Alamitos, United States **$17M** last round Jan 2023
- 20 [**Twinny** Hyperlocal marketplace mobile app.](https://millionrounds.com/company/twinny) Hyperlocal marketplace mobile app. *Founded* 2020 India **$14M** last round Mar 2026
- 21 [**Prettl Electronics Automotive** Prettl Electronics Automotive specialized in the development of scalable power electronics up to 2.0 MW.](https://millionrounds.com/company/prettl-electronics-automotive) Prettl Electronics Automotive specialized in the development of scalable power electronics up to 2.0 MW. *Founded* 2020 Radeberg, Germany **$10M** last round Aug 2021
- 22 [**FUSE Autotech** FinTech, SaaS, Finance Management System for Auto dealers](https://millionrounds.com/company/fuse-autotech) FinTech, SaaS, Finance Management System for Auto dealers *Founded* 2020 Bloomington, United States **$10M** last round Aug 2021
- 23 [**Oben Electric** Oben Electric is an innovative electric motorcycle startup based in Bengaluru, India, founded in August 2020 by IIT and IIM alumni.](https://millionrounds.com/company/oben-electric) Oben Electric is an innovative electric motorcycle startup based in Bengaluru, India, founded in August 2020 by IIT and IIM alumni. *Founded* 2020 Bengaluru, India **$9.4M** last round Dec 2025
- 24 [**NEWTWEN** Newtwen is an Italian startup founded in 2020, specializing in advanced software solutions for Digital Twins, particularly in the electrical drive and automation sectors.](https://millionrounds.com/company/newtwen) Newtwen is an Italian startup founded in 2020, specializing in advanced software solutions for Digital Twins, particularly in the electrical drive and automation sectors. *Founded* 2020 Padua, Italy **$7.5M** last round May 2023
- 25 [**Optiwatt** Track your EV spending!](https://millionrounds.com/company/optiwatt) Track your EV spending! *Founded* 2020 San Francisco, United States **$7.0M** last round Sept 2023
- 26 [**BeepKart** BeepKart is a leading Indian platform focused on the second-hand two-wheeler market, specializing in the sale and purchase of refurbished scooters and motorcycles.](https://millionrounds.com/company/beepkart) BeepKart is a leading Indian platform focused on the second-hand two-wheeler market, specializing in the sale and purchase of refurbished scooters and motorcycles. *Founded* 2020 Bengaluru, India **$6.5M** last round Apr 2024
- 27 [**Kazam** Kazam provides IoT enabled EV charging software and hardware.](https://millionrounds.com/company/kazam) Kazam provides IoT enabled EV charging software and hardware. *Founded* 2020 Bengaluru, India **$6.2M** last round Jun 2025
- 28 [**BANF** BANF is a safety solutions provider, mitigates the risk of truck accidents and optimizes fuel efficiency by employing tire-mounted sensors.](https://millionrounds.com/company/banf) BANF is a safety solutions provider, mitigates the risk of truck accidents and optimizes fuel efficiency by employing tire-mounted sensors. *Founded* 2020 South Korea **$6.0M** last round Sept 2022
- 29 [**Faction** Faction is an autonomous vehicle technology company based in South San Francisco, California, founded in February 2020.](https://millionrounds.com/company/faction) Faction is an autonomous vehicle technology company based in South San Francisco, California, founded in February 2020. *Founded* 2020 South San Francisco, United States **$6.0M** last round Oct 2023
- 30 [**Frank Innovations** Frank Innovations is a developer of SAAS products designed to streamline used car acquisition for independent car dealers.](https://millionrounds.com/company/frank-innovations) Frank Innovations is a developer of SAAS products designed to streamline used car acquisition for independent car dealers. *Founded* 2020 Ardmore, United States **$6.0M** last round Mar 2023
- 31 [**GO** GO is a developer of both software and hardware in the field of transportation and mobility based on a taxi system.](https://millionrounds.com/company/go) GO is a developer of both software and hardware in the field of transportation and mobility based on a taxi system. *Founded* 2020 Azabudai Hills Mori JP Tower, United States **$6.0M** last round Oct 2023
- 32 [**Skarper** Skarper, also known as Blue Sky IP Ltd, is a mobility technology company based in London, UK, with additional offices in Edgware and Camden.](https://millionrounds.com/company/skarper) Skarper, also known as Blue Sky IP Ltd, is a mobility technology company based in London, UK, with additional offices in Edgware and Camden. *Founded* 2020 London, United Kingdom **$5.9M** last round Sept 2024
- 33 [**iTruck** iTruck is a transportation application that offers an integrated trading platform for used trucks.](https://millionrounds.com/company/itruck) iTruck is a transportation application that offers an integrated trading platform for used trucks. *Founded* 2020 South Korea **$5.8M** last round Aug 2024
- 34 [**Tap Electric** Tap Electric is an Amsterdam-based e-mobility startup founded in 2020.](https://millionrounds.com/company/tap-electric) Tap Electric is an Amsterdam-based e-mobility startup founded in 2020. *Founded* 2020 Amsterdam, Netherlands **$5.7M** last round Jun 2026
- 35 [**Meru** Meru is a B2B e-commerce platform that offers one-stop shop for auto parts](https://millionrounds.com/company/meru) Meru is a B2B e-commerce platform that offers one-stop shop for auto parts *Founded* 2020 Mexico City, Mexico **$5.7M** last round May 2023
- 36 [**Volektra** Volektra is an electric drivetrain technology company founded in 2020 and based in Sacramento, California, with additional offices in Krakow, Poland, and Munich, Germany.](https://millionrounds.com/company/volektra) Volektra is an electric drivetrain technology company founded in 2020 and based in Sacramento, California, with additional offices in Krakow, Poland, and Munich, Germany. *Founded* 2020 Munich, United States **$5.0M** last round Jan 2026
- 37 [**ElectroTempo** ElectroTempo is a software company based in Arlington, Virginia, founded in 2020.](https://millionrounds.com/company/electrotempo) ElectroTempo is a software company based in Arlington, Virginia, founded in 2020. *Founded* 2020 Arlington, United States **$5.0M** last round Jun 2025
- 38 [**Carsa** Carsa is an automotive dealership that specializes in buying, selling, and financing used cars from various brands.](https://millionrounds.com/company/carsa) Carsa is an automotive dealership that specializes in buying, selling, and financing used cars from various brands. *Founded* 2020 United Kingdom **$4.6M** last round Jan 2023
- 39 [**Peach Cars** Peach Cars building a solution for those looking to buy and sell vehicles whole information on vehicles and hassle-free transactions.](https://millionrounds.com/company/peach-cars) Peach Cars building a solution for those looking to buy and sell vehicles whole information on vehicles and hassle-free transactions. *Founded* 2020 Nairobi, Kenya **$4.0M** last round Aug 2026
- 40 [**Velca** Velca is a Spanish brand focused on designing, manufacturing, and distributing 100% electric motorcycles and ciclomotores (mopeds).](https://millionrounds.com/company/velca) Velca is a Spanish brand focused on designing, manufacturing, and distributing 100% electric motorcycles and ciclomotores (mopeds). *Founded* 2020 Madrid, Spain **$3.8M** last round Nov 2023
- 41 [**Kry10** Kry10 is a cybersecurity company based in Seattle, Washington, founded in 2020.](https://millionrounds.com/company/kry10) Kry10 is a cybersecurity company based in Seattle, Washington, founded in 2020. *Founded* 2020 Seattle, New Zealand **$3.5M** last round Jan 2024
- 42 [**Inbalance** We use machine learning to accurately forecast electricity prices.](https://millionrounds.com/company/inbalance) We use machine learning to accurately forecast electricity prices. *Founded* 2020 Cambridge, Lithuania **$3.4M** last round Jan 2025
- 43 [**PandaGo** PandaGo is a B2B sustainable mobility platform based in Madrid, Spain, founded in 2021.](https://millionrounds.com/company/pandago) PandaGo is a B2B sustainable mobility platform based in Madrid, Spain, founded in 2021. *Founded* 2020 Madrid, Spain **$2.7M** last round Jul 2024
- 44 [**Goodhood** Goodhood is a subscription-based mobile auto repair platform based in Detroit, Michigan, founded in 2020.](https://millionrounds.com/company/goodhood) Goodhood is a subscription-based mobile auto repair platform based in Detroit, Michigan, founded in 2020. *Founded* 2020 Ann Arbor, United States **$2.6M** last round Jul 2023
- 45 [**Vehicle Software** vehicle.software is creating a new infotainment platform to redefine the in-car experience.](https://millionrounds.com/company/vehicle-software) vehicle.software is creating a new infotainment platform to redefine the in-car experience. *Founded* 2020 Palo Alto, United States **$2.5M** last round Mar 2020
- 46 [**eFaraday Group** eFaraday Group is an electrical vehicle charging company that offers smart charging installation, maintenance, and repair services.](https://millionrounds.com/company/efaraday-group) eFaraday Group is an electrical vehicle charging company that offers smart charging installation, maintenance, and repair services. *Founded* 2020 United Kingdom **$2.4M** last round Apr 2023
- 47 [**TyrePlex** TyrePlex is a B2B e-commerce and technology company founded in 2020, focused on digitizing the tyre industry in India.](https://millionrounds.com/company/tyreplex) TyrePlex is a B2B e-commerce and technology company founded in 2020, focused on digitizing the tyre industry in India. *Founded* 2020 New Delhi, India **$2.3M** last round Jan 2025
- 48 [**The Energy Company** Renewable energy company specialized in solar, and EV charging stations.](https://millionrounds.com/company/the-energy-company) Renewable energy company specialized in solar, and EV charging stations. *Founded* 2020 - **$2.0M** last round Feb 2025
- 49 [**Fixit45** Fixit45 is an auto-tech company based in Lagos, Nigeria, founded in 2020 and operating since July 2021.](https://millionrounds.com/company/fixit45) Fixit45 is an auto-tech company based in Lagos, Nigeria, founded in 2020 and operating since July 2021. *Founded* 2020 Lagos, United States **$1.9M** last round Sept 2023
- 50 [**Jaia Robotics** Jaia Robotics is a provider and developer of microsized autonomous and subsurface marine vehicles.](https://millionrounds.com/company/jaia-robotics) Jaia Robotics is a provider and developer of microsized autonomous and subsurface marine vehicles. *Founded* 2020 Newport, United States **$1.8M** last round Dec 2024

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies founded in 2020 whose funding rounds we classed in this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

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## More automotive & evs lists

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