The electric vehicle industry in Europe is rapidly evolving, involving a variety of companies that fabricate, innovate, and market electric vehicles and supporting technologies. From established automotive giants to agile startups, players are focused on sustainability, aiming to provide smarter, cleaner transport options. Notable advancements include the rise in battery technology, public and private investments in charging infrastructure, and ambitions to ditch fossil fuels by 2035. With both regulatory support and consumer demand growing, Europe is on track to spearhead the transition to electric mobility, setting the stage for significant changes in transport, manufacturing, and energy consumption.


This compilation features a mix of corporate investors, venture capital firms, and public entities focusing on the electric vehicle sector across Europe. Founded between 1847 and 2015, these investors range in size from small firms with less than 10 employees to multinational corporations with thousands of staff. Their headquarters span major cities like Paris, London, and Munich, with each playing a unique role in supporting innovation. In 2024, these 14 investors completed notable deals, driving critical advancements in electric vehicle technology and infrastructure.


Top 14 Electric Vehicle Investors in Europe


1. Advanced Propulsion Centre UK


The Advanced Propulsion Centre UK (APC) is a not-for-profit organization founded in 2013, located in Coventry, England. It is dedicated to supporting the automotive industry in its transition to net-zero technologies by providing funding, business support, and collaborative opportunities for organizations focused on innovative automotive solutions. The APC has been involved in several significant transactions, primarily in the form of grants to key players in the electric vehicle sector. Notable transactions include grants to Jaguar Land Rover North America, BorgWarner, BMW UK, and Ford UK, all aimed at advancing electrification and sustainability within the automotive industry. Their initiatives, including the Automotive Transformation Fund and various research and development competitions, further emphasize their commitment to fostering advancements in electric vehicle technology.


2. Bpifrance French Tech Accélération


Bpifrance French Tech Accélération is a venture capital firm based in Paris, Île-De-France, France, founded in 2015. As a public entity and financial institution, Bpifrance supports entrepreneurs and businesses in France and internationally through a range of services, including direct funding, export credit insurance, and private equity investments. The firm aims to foster entrepreneurship and innovation, helping businesses navigate growth and international expansion. In the electric vehicle sector, Bpifrance has been involved in notable transactions such as Northvolt's $1.6 billion debt financing in 2020, which focuses on battery production for electric vehicles, and Verkor's significant funding rounds, including a $1.4 billion debt financing in 2024 for low-carbon battery production. Additionally, Bpifrance has invested in early-stage companies like Midipile Mobility and DAB Motors, further demonstrating its active role in the electric vehicle industry.


3. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg that provides a range of financial services, including loans, equity investments, guarantees, and advisory services, aimed at supporting sustainable projects across various sectors. Founded in 1958, EIB serves both public and private organizations seeking funding for initiatives that promote growth and job creation. In the context of electric vehicles, EIB has been involved in several notable transactions, such as providing substantial debt financing to Northvolt, which raised $5 billion in January 2024 to expand its battery production and recycling capabilities, and $1.6 billion in July 2020. Additionally, EIB participated in a venture round for Evum Motors, which raised over $20 million in September 2022. These investments highlight EIB's commitment to supporting the electric vehicle industry and its related technologies.


4. Shell

  • Website: shell.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1907
  • Headcount: 10001+
  • Number of deals in 2024: 20
  • LinkedIn: shell

Shell plc is a multinational oil and gas company based in London, England, founded in 1907. While traditionally focused on the energy and chemicals sectors, Shell has been actively expanding its portfolio to include electric vehicle (EV) technologies. Notable transactions include the acquisition of Greenlots, a company specializing in EV charging technologies, which reflects Shell's strategy to enhance its charging assets. Additionally, Shell Ventures has invested in Ample, a startup focused on electric car charging solutions, participating in both Series A and Series C funding rounds. Furthermore, Shell has invested in XCharge, a provider of battery-integrated charging solutions, through multiple funding rounds, indicating a strong commitment to the EV charging infrastructure. These investments highlight Shell's strategic shift towards supporting the electric vehicle market and its commitment to sustainability.


5. InnoEnergy

  • Website: innoenergy.com
  • Type: Venture Capital
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 52
  • LinkedIn: innoenergy

EIT InnoEnergy is a not-for-profit organization founded in 2010, based in Eindhoven, North Brabant, Netherlands, dedicated to accelerating sustainable energy innovations. It serves as a marketplace for energy solutions, offering training programs and support for innovators and corporates in the energy sector. InnoEnergy collaborates with various stakeholders to tackle the challenges of energy transition and sustainability. Notably, InnoEnergy has made significant investments in the electric vehicle sector, including a €2 million investment in Scoobic, a Spanish startup that specializes in multi-purpose electric vehicles for last-mile delivery. Additionally, they have participated in funding rounds for Verkor, a French startup focused on low-carbon batteries for electric vehicles, which is crucial for the EV industry's growth. These transactions highlight InnoEnergy's commitment to supporting innovations that contribute to sustainable mobility and energy solutions.


6. Crowdcube

  • Website: crowdcube.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2010
  • Headcount: 51-200
  • Number of deals in 2024: 3
  • LinkedIn: crowdcube-limited

Crowdcube is a London-based crowdfunding platform founded in 2010 that enables businesses to raise capital through equity investments. It connects startups and SMEs with potential investors, facilitating the funding process. The platform promotes diversity and inclusion within its workforce while providing investment management services to its clients. Notably, Crowdcube has been involved in several transactions relevant to the electric vehicle industry, including EMotive Technology, which raised funds in 2022 and 2023, KleanDrive, which raised funds in 2022, and Pod Point, which raised significant capital in 2017. These investments highlight Crowdcube's role in supporting innovative companies within the electric vehicle sector.


7. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC also provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Among its notable transactions, the EIC has invested in Daze, an Italian EV charging startup, which raised €15M in a Series A funding round with the EIC Fund's participation. Additionally, the EIC has supported companies like BroadBit Batteries, which focuses on battery technology, a critical component of electric vehicles. These transactions highlight the EIC's active role in promoting advancements in the electric vehicle industry.


8. BloombergNEF

  • Website: about.bnef.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2004
  • Headcount: 51-200
  • LinkedIn: bloombergnef

BloombergNEF is a research firm specializing in the energy and commodity markets, founded in 2004 and based in London, England. They provide strategic insights and analysis to help businesses navigate the transition to a low-carbon economy. BloombergNEF has been involved in several significant transactions within the electric vehicle sector, including grants to companies such as Proterra, which focuses on electric buses; REE Automotive, known for its modular electric vehicle platforms; Nuvve, which specializes in vehicle-to-grid technology; EVBox, a leader in electric vehicle charging solutions; and Greenlots, which provides electric vehicle charging and energy management solutions. These transactions highlight their active role in supporting innovative technologies that contribute to the decarbonization of transportation.


9. Siemens

  • Website: siemens.com
  • Type: Corporate
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 1847
  • Headcount: 10001+
  • Number of deals in 2024: 11
  • LinkedIn: siemens

Siemens AG, founded in 1847 and based in Munich, Bavaria, Germany, is a prominent technology conglomerate specializing in industrial automation, energy solutions, rail transport, and health technology. With a workforce of approximately 320,000 employees, Siemens generates substantial revenue and operates globally. In recent years, Siemens has actively invested in the electric vehicle sector, participating in key funding rounds for companies such as ChargePoint, a leading EV charging network, where they contributed to multiple funding rounds aimed at expanding charging infrastructure. Additionally, Siemens led a $25 million investment in WiTricity, a startup focused on wireless charging technology for electric vehicles, highlighting their commitment to innovative EV solutions. They also participated in the Series A funding for Amply Power, which focuses on fleet electrification and charging solutions. These transactions underscore Siemens' strategic interest in enhancing electric vehicle technology and infrastructure, aligning with their broader goals of efficiency and sustainability.


10. TotalEnergies


TotalEnergies is a corporate investor based in France, founded in 1924, and is focused on producing and marketing a diverse range of energy solutions, including oil, gas, and renewable energy. The company is committed to achieving carbon neutrality by 2050 and has made significant strides in the electric vehicle sector. Notably, TotalEnergies has acquired Source London, which operates the largest electric vehicle charging network in the city, and has also taken over Singapore's largest EV charging network for approximately $200 million. Furthermore, the acquisition of Charging Solutions, a subsidiary specializing in EV charging infrastructure, has allowed TotalEnergies to operate a network of 2,000 EV charge points in Germany. These transactions highlight TotalEnergies' strategic focus on enhancing its EV infrastructure capabilities and its commitment to sustainable energy solutions.


11. Mercedes-Benz AG

  • Website: mercedes-benz.com
  • Type: Corporate
  • Headquarters: Stuttgart, Baden-Württemberg, Germany
  • Founded year: 1883
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: mercedes-benz_ag

Mercedes-Benz AG, founded in 1883 and based in Stuttgart, Baden-Württemberg, Germany, is a leading automobile manufacturer known for producing luxury vehicles and vans. The company has a strong focus on quality and performance, catering to both individual consumers and businesses. In recent years, Mercedes-Benz has made significant investments in the electric vehicle sector, including notable transactions such as their early investments in Tesla, where they contributed to multiple funding rounds totaling over $783 million. These investments were aimed at supporting Tesla's retail expansion and development of electric vehicles. Additionally, Mercedes-Benz has invested in Proterra, a company specializing in electric buses, with investments totaling over $242 million across two funding rounds. These strategic investments highlight Mercedes-Benz's commitment to advancing electric vehicle technology and expanding their portfolio in the electric mobility space.


12. L'Union Européenne (UE)

  • Website: europa.eu
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1993
  • Headcount: 10001+
  • Number of deals in 2024: 34
  • LinkedIn: union-europ%c3%a9enne

L'Union Européenne (UE) is a public entity that serves as a political and economic union of member states, founded in 1993 and based in London, England. The EU focuses on enhancing cooperation among member states and improving the quality of life for its citizens through governance, legislation, and support for regional development, education, and research initiatives. In 2024, the EU has been involved in 34 investments, including significant grants aimed at advancing the electric vehicle industry. Notable transactions include a grant of approximately $159.6 million to Tesla, $94.9 million to Samsung SDI, and $112.2 million to FREYR, all of which are pivotal players in the electric vehicle and battery sectors. Additionally, the EU has supported Atlante with grants totaling nearly $72.5 million, further emphasizing its commitment to promoting electric vehicle infrastructure and technology.


13. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT Infrastructure has made significant strides in the electric vehicle sector by acquiring InstaVolt, the leading UK electric vehicle charging operator, and supporting its expansion through a substantial capital raise. This investment reflects EQT's strategy to capitalize on the growing demand for electric vehicle infrastructure, positioning them as a key player in the transition to sustainable transportation. Additionally, EQT's involvement in other renewable energy investments further underscores their commitment to supporting the energy transition.


14. Volkswagen Group Investor Relations


Volkswagen Group Investor Relations is a corporate investor based in Wolfsburg, Lower Saxony, Germany, and is part of one of the world's leading automotive manufacturers. Founded in 1937, Volkswagen Group has evolved into a major player in the automotive and energy solutions sectors, focusing on sustainable energy options and electric vehicles. In 2023, Volkswagen invested approximately $705.6 million in XPeng Inc., a key player in the electric vehicle market, which includes joint development efforts for battery electric vehicles. Additionally, Volkswagen is establishing Scout Motors, an electric off-road brand, and is planning a $2 billion EV plant in South Carolina. Their acquisition of a 50% stake in Anhui Jianghuai Automobile Group further enhances their competitive position in the EV market, particularly in China. With a multi-brand strategy that integrates electric vehicles and renewable energy services, Volkswagen Group is committed to leading the transition to sustainable mobility.



Electric Vehicle Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
Advanced Propulsion Centre UKCoventry, England, United Kingdom (UK)51-20020131
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
European Investment Bank (EIB)Luxembourg1001-5000195899
ShellLondon, England, United Kingdom (UK)10001+190720
InnoEnergyEindhoven, North Brabant, Netherlands201-500201052
CrowdcubeLondon, England, United Kingdom (UK)51-20020103
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
BloombergNEFLondon, England, United Kingdom (UK)51-20020040
SiemensMunich, Bavaria, Germany10001+184711
TotalEnergiesFrance10001+192411
Mercedes-Benz AGStuttgart, Baden-Württemberg, Germany10001+18831
L'Union Européenne (UE)London, England, United Kingdom (UK)10001+199334
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Volkswagen Group Investor RelationsWolfsburg, Lower Saxony, Germany10001+19371


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