Based upon the figures, I’m a little bullish

Earlier today, news broke that Xpeng, a China-based electric lorry business has raised$500 million, contributing to its 2019-era$400 million Series C. The round, a Series C+ financial investment, brings the business’s capital raised to date to around$2.2 billion. Xpeng’s substantial fundraise comes on the heels of a recent boom in the value of some public EV companies, consisting of Tesla, Nio and Nikola. Speculation into the future value(and therefore present-day worth)of EV companies has actually led to their ranking on lists of most-popular stocks with some retail financiers, highlighting their appeal. The Exchange explores startups, markets and cash. You can read it< a href=""> every morning on Additional Crunch, or get it for free in your inbox. Register for The Exchange newsletter, which drops Saturdays starting July 25. You may prepare for that the public-market interest is helping drive outsized private investment into worldwide EV startups. It’s typically real that public market activity has an effect on personal market enterprise; if shares of

a particular industry specific marketIncrease greatly value of their private cognates personal similarly rise, and investment in financial investment sector can pick up select. Upon checking out the Xpeng round this morning, that the occasion was most likely part-and-parcel of rising deal volume for personal EV business was our very first inkling. In honor of scratching our own itches with information whenever possible, TechCrunch decided to find and dig out. Is public market optimism in EV business driving more financial investment into personal EV business? What the data state To test whether EV financial investment is falling or rising amongst personal companies, The Exchange ran a series of inquiries today against Crunchbase information, taking a look at rounds for business marked as

“electrical car”companies in its data, discounting crowdfunding, secondary market activity, all post-IPO

rounds and any other

non-equity rounds. Here’s what we found: 2020:$ 3.61 billion from 63 rounds [”>. query] 2019: $6.98 billion from 151 rounds [ inquiry]

  • . Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.