Upstarts emerge to chase Tesla’s lead in electric vehicles

May 23 2018 by TechCrunch

 

A slew of well-funded new entrants backed by massive amounts of capital are chasing Tesla’s lead in an effort to power the next generation of the electric vehicle industry.

Electric vehicle startups have raised more than $2 billion in the U.S. over the first months of 2018 alone, a huge increase over the $650 million raised in 2017, according to data from PitchBook. And the investment trends point to more competition for Tesla from established car companies and upstart manufacturers alike...

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