About Electric Vehicles sector in Munich, Germany
The Electric Vehicles sector in Munich, Germany comprises 84 companies, including 35 funded companies having collectively raised $3.93B in venture capital money and private equity. Out of these, 27 are Series A+ funded.
Electric Vehicles sector in Munich, Germany has seen 10 acquisitions and 1 IPO. This represents almost 13.1% of all such companies - which is higher than the 5.4% exit rate of tech companies in general.
This sector includes companies which help technology advancement in electric vehicle industry.
Electric Vehicles sector is also known as Green Vehicles or Electric Mobility.
Developers and manufacturers of electric vehicles (passenger and commercial vehicles including cars, trucks, buses, scooters, motorcycles, bicycles and personal transport equipment, marine vehicles, aerial vehicles, rail solutions, and off-highway vehicles which are used for construction, mining, farming, forklifts, etc. ), developers of charging infrastructure to support the electric vehicles and technology developers focusing on improving the components (Electric Drive Systems, Batteries, etc.) of electric vehicles. Also, includes online-first companies providing electric vehicle sharing and rental solutions resulting in increased adoption of electric vehicles. Sellers of EVs through retail and marketplace model are also covered. Traditional automakers such as Toyota, Renault-Nissan, General Motors, BMW, Mitsubishi, Ford, etc. which also develop electric vehicles. Also, excludes conglomerates like Panasonic, LG Chem, and Samsung which are leading battery manufacturers. Manufacturers and Ecommerce platforms selling Electric Mobility Aids are also excluded.
Top Electric Vehicles Companies in Munich, Germany
There are 84 Electric Vehicles startups in Munich, Germany which include FINN, Sono Motors, IONITY, The Mobility House, Rebike. Out of these, 35 startups are funded, with 27 having secured Series A+ funding.
Over the past 10 years, an average of 5 new companies have been launched annually. Notably, several of these startups have been founded by alumni of INSEAD, Technical University of Munich and Kellogg School of Management.
Here is the list of top Electric Vehicles startups in Munich, Germany
1. FINN
App based car subscription platform. It provides a car subscription that includes insurance, doorstep delivery, and maintenance. The platform enables users to book cars on a monthly subscription. It provides subscriptions to car brands such as Nissan, Jeep, Chevrolet, and more.
Key facts about FINN
- Founded Year: 2019
- Location: Munich (Germany)
- Stage: Series C
- Total Funding till date: $255M
- Investors: HV Capital, White Star Capital and 17 Others
- Latest Funding Round: Conventional Debt, Feb 11, 2025, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 1 of 11 Competitors
2. Sono Motors
Developer of a solar-powered electric car. It develops a solar-powered electric car named Sion- that has solar panels embedded into the roof and the sides. It also offers mobile applications for e-mobility solutions like ride-sharing and more.
Key facts about Sono Motors
- Founded Year: 2013
- Location: Munich (Germany)
- Stage: Public
- Total Funding till date: $120M
- Investors: Swedbank, Wi Venture and 5 Others
- Latest Funding Round: Series C, Dec 16, 2020, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 7 of 1,036 Competitors
3. IONITY
EV charging station network operators. Users can locate and charge vehicles by providing location, user details, payment details, and more.
Key facts about IONITY
- Founded Year: 2017
- Location: Munich (Germany)
- Stage: Acquired
- Total Funding till date: $791M
- Investors: BlackRock, Hyundai Motor Company and 3 Others
- Latest Funding Round: Series B, Oct 22, 2021, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 2 of 60 Competitors
Provider of smart charging solutions and energy management software for electric vehicle fleets. It offers consulting services for building charging infrastructure and a full-service solution for fleet EV charging. The company's software manages all charging needs, and its services are designed for school buses, transit buses, and commercial fleets. They also provide charging simulations and vehicle-grid integration capabilities.
Key facts about The Mobility House
- Founded Year: 2009
- Location: Munich (Germany)
- Stage: Series C
- Total Funding till date: $50M
- Investors: Mitsui, Mercedes-Benz and 11 Others
- Latest Funding Round: Series C, Apr 24, 2024, $*****
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 3 of 693 Competitors
5. Rebike
Rebike1 is an online marketplace for pre-used e-bikes. Buyers & sellers can register on the platform to sell or purchase a used e-bike. Buyers can search for bikes on the platform, view their details & buy online. Their product catalog includes e-City,e-trekking, and e-MTB. Their brands listed are Haibike, Bergamont, Bulls, Cube, and more.
Key facts about Rebike
- Founded Year: 2018
- Location: Munich (Germany)
- Stage: Series D
- Total Funding till date: $46.6M
- Investors: STS Ventures, German Ventures and 22 Others
- Latest Funding Round: Series D, Oct 25, 2024, $*****
- Tracxn Score: 60/100 What is this?
- Competitors Rank: 1 of 15 Competitors
Companies founded year-on-year in the Electric Vehicles sector in Munich
12 Electric Vehicles startups in Munich were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | - |
2024 | 2 |
2023 | 2 |
2022 | 3 |
2021 | 9 |
2020 | 8 |
2019 | 10 |
2018 | 12 |
2017 | 8 |
2016 | 1 |
Stage-wise distribution of Electric Vehicles sector companies in Munich
Out of the total 84 Electric Vehicles companies in Munich, 35 have secured funding. Among them, 27 have reached Series A or higher, and 22 to Series B or beyond.
Founded - 84
Funded - 35
Series A+ - 27
Series B+ - 22
Series C+ - 16
Company Stage | No. of companies |
|---|---|
Founded | 84 |
Funded | 35 |
Series A+ | 27 |
Series B+ | 22 |
Series C+ | 16 |
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Funding Trends in the Electric Vehicles sector in Munich
Total funding year-on-year in the Electric Vehicles sector in Munich
The Electric Vehicles sector in Munich saw a total funding of more than $3.87B in the last 10 years. The most amount of funding was in 2025 at more than $1.03B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $1.03B |
2024 | $183M |
2023 | $264M |
2022 | $985M |
2021 | $933M |
2020 | $183M |
2019 | $189M |
2018 | $46.6M |
2017 | $57.1M |
Recent Funding Rounds in Electric Vehicles in Munich
In the year 2025, till November 2025, Electric Vehicles companies in Munich have raised $18.5M in equity funding across 1 round.
In the same period last year (i.e. till October 2024), Electric Vehicles companies in Munich had raised $169M across 7 rounds.
So, 2025 has seen a 89.06% drop in funding in Electric Vehicles companies in Munich as compared to 2024.
Here are some recent, important funding rounds in Electric Vehicles companies in Munich:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 1694 | Nov 26, 2025 | ||
Series A | 4811 | Dec 19, 2024 | and 5 more | |
Series D | 2087 | Oct 25, 2024 | ||
Series B | 2717 | Sep 19, 2024 | ||
Series A | 3143 | Jun 26, 2024 |
Top Investors in Electric Vehicles in Munich
Plug and Play Tech Center is the top investor in Electric Vehicles companies in Munich based on number of companies invested.
Here are some top investors in Electric Vehicles companies in Munich:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Mountain View (United States) | ||
Bonn (Germany) | ||
Munich (Germany) | ||
Vienna (Austria) |
M&A activity in Electric Vehicles sector in Munich
In the year 2024, till December 2024, 2 acquisitions happened in Electric Vehicles sector in Munich. Last year, in 2023, a total of 2 acquisitions happened in Electric Vehicles sector in Munich.
Here are some recent, important acquisitions in Electric Vehicles sector in Munich:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 13, 2024 | ||
Business Acquisition | Feb 12, 2024 | ||
Business Acquisition | Aug 23, 2023 | ||
Business Acquisition | Feb 20, 2023 | ||
Business Acquisition | Jun 08, 2022 |
Acquisition trends in Electric Vehicles sector in Munich
Here are the acquisition trends in Electric Vehicles sector in Munich:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | - |
2024 | 2 |
2023 | 2 |
2022 | 1 |
2021 | 2 |
2020 | 1 |
2019 | 1 |
2018 | 1 |
2017 | - |
2016 | - |
IPOs in Electric Vehicles in Munich
In the year 2021, till November 2021, 1 IPO happened in Electric Vehicles sector in Munich.
Here are some recent, important IPOs in Electric Vehicles sector in Munich:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Nov 19, 2021 | OTC Markets (OTCMKTS) |
Colleges which produce the most Electric Vehicles companies in Munich
Companies founded by alumni from top colleges in the Electric Vehicles in Munich
Most number of Electric Vehicles startups in Munich have been founded by alumni from INSEAD, Technical University of Munich and Kellogg School of Management.
College | No. of companies |
|---|---|
INSEAD | 2 |
Technical University of Munich | 2 |
Kellogg School of Management | 1 |
London School of Economics and Political Science | 1 |
University College London | 1 |
University of Cambridge | 1 |
Total funding in Electric Vehicles companies founded by alumni from top colleges in Munich
In the last 10 years, London School of Economics and Political Science graduates' Electric Vehicles companies in Munich have raised the most funding among top colleges. INSEAD and Technical University of Munich alumni are second.
College | Total Funding |
|---|---|
London School of Economics and Political Science | $2.03B |
INSEAD | $57.9M |
Technical University of Munich | $57.9M |
Kellogg School of Management | - |
University College London | - |
University of Cambridge | - |
Top News in Electric Vehicles in Munich
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The Mobility House Brings Advanced Energy Management Expertise to Motiv’s Premier Partner NetworkThe Mobility House•Apr 29, 2025•The Mobility House, Motiv Electric Trucks
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IONITY Launches IONITY Fleet, a Charging Solution for Corporate Electric Vehicle FleetsElectric Cars Report•Mar 07, 2025•IONITY
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Ionity launches attractive charging solution for corporate fleetsrenewableenergymagazine.com•Mar 05, 2025•IONITY
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Klarna Partners with FINN to Bring Flexible Payments to the Booming €8.5bn Car Subscription MarketFintech Finance•Feb 20, 2025•Klarna, FINN
