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From Electrek: Electric vehicle startups are on pace to raise almost $2 billion in 2016 –...

Discussion in 'News from Electrek.co' started by RSSFeed, Dec 2, 2016.

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    Electric vehicle startups are on pace to raise almost $2 billion in 2016 – 100% increase from last year

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    Since the beginning of the decade, investments in electric vehicle startups haven’t represented anything too impressive, but it still trended at a healthy $800 million per year from 2010 to 2012. In 2013, the bankruptcy of a few startups, namely Fisker, A123, and Better Place, spooked the investment community and virtually stopped money from going into EV ventures.

    It took a while for the industry to convince investors to send money their way again, but thanks to the successes of companies like Tesla, the electric vehicle startup space is now in a better place than ever. According to a recent report, electric vehicle startups are on pace to raise $2 billion in 2016 – an increase of over 100% from last year. more…

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