About Applied EV
Applied EV is a company based in Croydon North (Australia) founded in 2015.. Applied EV has raised $63.5 million across 5 funding rounds from investors including Global Suzuki, StB Capital Partners and Investible. Applied EV offers products and services including SDV Platform, IoV Cloud Platform, and Digital Backbone. Applied EV operates in a competitive market with competitors including DeepDrive, LEEKR, REE, Open Motors and QUADROBOT, among others.
- Headquarter Croydon North, Australia
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
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Social
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- Legal Name Applied Electric Vehicles Ltd.
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Annual Revenue
$4.96 M (USD)0as on Jun 30, 2022
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Net Profit
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EBITDA
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Total Equity Funding
$63.5 M (USD)
in 5 rounds
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Latest Funding Round
$40 M (USD), Series B
Jan 28, 2026
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Investors
Global Suzuki
& 6 more
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Employee Count
Employee Count
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Products & Services of Applied EV
Applied EV offers a comprehensive portfolio of products and services, including SDV Platform, IoV Cloud Platform, and Digital Backbone. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables creation of safety-rated programmable vehicles.
Manages and monitors autonomous vehicles remotely via APIs.
Provides core control for advanced autonomous vehicle operations.
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Funding Insights of Applied EV
Applied EV has successfully raised a total of $63.5M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $40.0M
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First Round
First Round
(11 Mar 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Series B - Applied EV | Valuation |
investors |
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| Dec, 2025 | Amount | Series B - Applied EV | Valuation | Japan Post Capital |
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| Sep, 2022 | Amount | Series A - Applied EV | Valuation | St Baker Energy Innovation Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Applied EV
Applied EV has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Global Suzuki, StB Capital Partners and Investible. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in clean energy transition are managed.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are provided by Investible in APAC.
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Founded Year | Domain | Location | |
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Cleantech sector funding is provided via venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Applied EV
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Applied EV
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Applied Ev Comparisons
Competitors of Applied EV
Applied EV operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DeepDrive, LEEKR, REE, Open Motors and QUADROBOT, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Autonomous modular electric vehicle platforms are developed for commercial use.
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| domain | founded_year | HQ Location |
Full-stack vision processing solutions for autonomous driving are provided.
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| domain | founded_year | HQ Location |
Software-defined electric vehicle platforms are manufactured for commercial fleets.
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| domain | founded_year | HQ Location |
AI-enabled autonomous electric vehicles and battery swapping solutions are developed.
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| domain | founded_year | HQ Location |
Creates re-invented electric vehicles as mobile infrastructure for smart cities.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Applied Ev
Frequently Asked Questions about Applied EV
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 Croydon North, Australia. It is registered at Croydon North, Victoria, Australia.
Who is the current CEO of Applied EV?
Espi Argyriou is the current CEO of Applied EV.
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 Series A of $21M, raised on Mar 11, 2020.
What is the annual revenue of Applied EV?
Annual revenue of Applied EV is $4.96M as on Jun 30, 2022.
What does Applied EV do?
Applied EV was founded in 2015 in Croydon North, Australia, focusing on the electric vehicle sector. A modular autonomous transport system called M-pod is developed, suitable for delivery, industrial, and surveillance applications. Drive-by-wire technology is utilized, enabling configurations with various software. Features such as bi-directional access, four-wheel steering, and lightweight design are incorporated into the platform.
Who are the top competitors of Applied EV?
What products or services does Applied EV offer?
Applied EV offers SDV Platform, IoV Cloud Platform, and Digital Backbone.
Who are Applied EV's investors?
Applied EV has 7 investors. Key investors include Global Suzuki, StB Capital Partners, Investible, Australian Renewable Energy Agency, and Japan Post Capital.