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?

Espi Argyriou and Julian Broadbent s of Applied EV.

How many employees does Applied EV have?

As of Apr 30, 2026, the latest employee count at Applied EV is 105.

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. Its primary sector is Electric Vehicles. In Australia, the Electric Vehicles sector has seen $40M in funding in 2026 to date.

Where does Applied EV rank among its competitors?

Applied EV ranks 1st amongst 18 active competitors, of which 9 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Applied EV, which secured $40M in Jan, 2026.

Who are the top competitors of Applied EV?

Applied EV's top competitors include LEEKR, REE and Robomart. Among them, Applied EV secured the most recent funding round in January, 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 9 funded and 2 that have exited. Its top competitors include companies like LEEKR, REE and Robomart.

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 & 6 more

Ranked

1^st among 18 active competitors

Employee Count

105 as on Apr 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 7 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	2325204	Series B	5622188	2132611	6709368	3991095
Dec 23, 2025	1195622	Series B	9414332	8583704	4003966	2579280
Sep 13, 2022	8430874	Series A	2749971	5403190	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 105 employees as of Apr 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 Robomart. 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 & 5 others	57/100
2nd	LEEKR 2020, Shanghai (China), Series C	Provider of full-stack vision processing solutions for autonomous driving	$192M	Harvest Fund, Sinovation Ventures & 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	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	51/100
5th	DeepDrive 2021, Munich (Germany), Series B	Provider of autonomous modular electric vehicle platform	$54.4M	BMW i Ventures, UVC Partners & 9 others	49/100
6th	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	49/100
7th	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
8th	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
9th	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
10th	Open Motors 2013, Palo Alto (United States), Seed	Developer of AI-enabled autonomous electric vehicle and electric battery swapping management solutions	$120K	Plug and Play Tech Center, Y Combinator & 2 others	32/100