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
Not available
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EBITDA
Not available
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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
Not available
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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.
Enables creation of safety-rated programmable vehicles.
Manages and monitors autonomous vehicles remotely via APIs.
Provides core control for advanced autonomous vehicle operations.
People of Applied EV
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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.
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.
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Venture capital investments in clean energy transition are managed.
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Early-stage venture capital investments are provided by Investible in APAC.
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Cleantech sector funding is provided via venture capital investments.
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Investor details for Applied EV
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Investments & Acquisitions by Applied EV
Investment portfolio details for Applied EV
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Financial Statements - Applied EV
Detailed financials for Applied EV
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Applied Ev Comparisons
Peer comparison for Applied EV
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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.
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Autonomous modular electric vehicle platforms are developed for commercial use.
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Full-stack vision processing solutions for autonomous driving are provided.
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Software-defined electric vehicle platforms are manufactured for commercial fleets.
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AI-enabled autonomous electric vehicles and battery swapping solutions are developed.
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Creates re-invented electric vehicles as mobile infrastructure for smart cities.
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Detailed competitors of Applied EV
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Latest news on Applied Ev
Complete news archive for Applied EV
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Frequently Asked Questions about Applied EV
Applied EV was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Applied EV is headquartered in Croydon North, Australia. It is registered at Croydon North, Victoria, Australia.
Espi Argyriou is the current CEO of Applied EV.
Applied EV is a funded company, having raised a total of $63.5M across 5 funding rounds to date.
Annual revenue of Applied EV is $4.96M as on Jun 30, 2022.
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.
Applied EV offers SDV Platform, IoV Cloud Platform, and Digital Backbone.
Applied EV has 7 investors. Key investors include Global Suzuki, StB Capital Partners, Investible, Australian Renewable Energy Agency, and Japan Post Capital.