When was Applied EV founded?

Applied EV was founded in 2015 and raised its 1st funding round 5 years after it was founded.

Where is Applied EV located?

Applied EV is headquartered in Melbourne, Australia.

Who is the current CEO of Applied EV?

Julian Broadbent and Espi Argyriou s of Applied EV.

How many employees does Applied EV have?

As of Sep 30, 2026, the latest employee count at Applied EV is 96.

Is Applied EV a funded company?

Applied EV is a funded company, having raised a total of $63.5M across 5 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Mar 11, 2020.

When was the latest funding round of Applied EV?

Applied EV's latest funding was a $***** Series B round on Jan 28, 2026, with participation from 4 investors.

Where does Applied EV rank among its competitors?

Applied EV ranks 1st amongst 18 active competitors, of which 10 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Strutt, which secured an undisclosed amount in Aug, 2026.

Who are the top competitors of Applied EV?

Applied EV's top competitors include LEEKR, REE and DeepDrive. Among them, Strutt secured the most recent funding round in August, 2026.

Applied EV - 2026 Company Profile, Team, Funding & Competitors

Applied EV is a series B company based in Melbourne (Australia), founded in 2015. It operates as a Developer of programmable and autonomous-solar powered electric vehicle platform. Applied EV has raised $63.5M in funding from St Baker Energy Innovation Fund and Japan Post Capital. The company has 18 active competitors, including 10 funded and 2 that have exited. Its top competitors include companies like LEEKR, REE and DeepDrive.

Company Details

Developer of the programmable and autonomous-solar powered electric vehicle platform. The company develops M-pod a modular autonomous electric transport system that can be incorporated into various sectors like delivery, industrial, and surveillance applications. It offers features like bi-directional access, four-wheel steering, lightweight, etc. It is based on drive-by-wire vehicle technology and has the capability to be configured with various software.

Key Metrics

Founded Year

2015

Location

Melbourne, Australia

Stage

Series B

Total Funding

$63.5M in 5 rounds

Latest Funding Round

Series B, Jan 28, 2026, $*****

Investors

St Baker Energy Innovation Fund & 8 more

Ranked

1^st among 18 active competitors

Employee Count

96 as on Sep 30, 2026

View Applied EV's full profile

Applied EV has raised a total funding of $63.5M over 5 rounds. Its first funding round was on Mar 11, 2020. Its latest funding round was a Series B round on Jan 28, 2026 for $*****. 4 investors participated in its latest round. Applied EV has 9 institutional investors.

Here is the list of recent funding rounds of Applied EV:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 28, 2026	5064793	Series B	4866224	3784552	5203958	8447189
Dec 23, 2025	6388987	Series B	3340808	4489973	7713857	4071190
Sep 13, 2022	4007690	Series A	7264743	4683725	St Baker Energy Innovation Fund	Global Suzuki

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View details of Applied EV's funding rounds and investors

Applied EV's employee count trend

Applied EV has 96 employees as of Sep 26. Here is Applied EV's employee count trend over the years:

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Top competitors of Applied EV include LEEKR, REE and DeepDrive. Here is the list of Top 10 competitors of Applied EV, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Applied EV 2015, Melbourne (Australia), Series B	Developer of programmable and autonomous-solar powered electric vehicle platform	$63.5M	Investible, Global Suzuki & 7 others	57/100
2nd	LEEKR 2020, Shanghai (China), Series C	Provider of full-stack vision processing solutions for autonomous driving	$192M	Harvest Fund, Vision Plus Capital & 14 others	55/100
3rd	REE 2011, Tel Aviv (Israel), Public	Developer of software defined vehicle technology and electronic control systems	$20.7M	Invesco Mutual Fund, Toyota & 10 others	53/100
4th	DeepDrive 2021, Munich (Germany), Series B	Provider of autonomous modular electric vehicle platform	$54.4M	BMW i Ventures, UVC Partners & 9 others	45/100
5th	Pixmoving 2014, San Francisco (United States), Series A	Developer of autonomous mobile spaces and modular robotic chassis platforms	$21M	TIS, Guizhou Transportation Planning Survey & Design Academe ... & 3 others	42/100
6th	Rigi Technologies 2019, Lausanne (Switzerland), Seed	Developer of drone systems and cloud-based software for drone logistics	-	Swiss ICT Investor Club, Conected Mobility HUB ... & 3 others	41/100
7th	Robomart 2017, Los Angeles (United States), Seed	Provider of autonomous delivery vehicles and mobile smart-shops for on-demand delivery and retail	$4M	HAX, W Ventures & 8 others	40/100
8th	Yika Zhiche 2018, Shanghai (China), Series B	Manufacturer of unmanned vehicle chassis and related autonomous driving solutions	$28.1M	CITIC, Guohe Investment & 4 others	38/100
9th	U Power 2021, Hefei (China), Series B	Developer of electric vehicle skateboard chassis and vehicle upper bodies	-	Hefei Industrial Investment Holdings, gddongchuang.com ... & 6 others	38/100
10th	Strutt 2023, Seattle (United States), Seed	They design and manufacture smart personal mobility products	$100M	-	32/100