Valuations in the electric vehicle space have soared as governments and investors embrace the technology, with publicly traded companies such as Tesla Motors and NIO experiencing stratospheric stock gains. Meanwhile, emerging startups in the space continue to raise substantial amounts of private capital and are increasingly going public through special purpose acquisition company (SPAC) deals.
In the latest research note dedicated to emerging technology, PitchBook analysts walk through this trend and provide key insights, including:
- The primary factors driving investor enthusiasm for electric vehicles
- The potential $400B+ market opportunity available for the technology
- The landscape of emerging electric vehicle startups primed to disrupt the automotive ecosystem