Energy Tech Series B Founded 2015

Applied EV

📍 Melbourne, Australia · Electric Vehicles,

www.appliedev.com/ ↗ · LinkedIn ↗ · Twitter/X ↗

Funding snapshot

Last roundSeries B

Amount$40M

Date28 January 2026

Total raised$64M

Team size101

About

Developer of the programmable and autonomous-solar powered electric vehicle platform. The company develops M-pod a modular autonomous electric transport system that can be incorporated into various sectors like delivery, industrial, and surveillance applications. It offers features like bi-directional access, four-wheel steering, lightweight, etc. It is based on drive-by-wire vehicle technology and has the capability to be configured with various software. Applied EV operates in the Electric Vehicles, Autonomous Vehicles sectors. The company focuses on Solar Powered. The company has raised $63.5M in Series B funding. Notable investors include Australian Renewable Energy Agency, Investible, St Baker Energy Innovation Fund, Global Suzuki, Japan Post Capital, National Reconstruction Fund, among others. Applied EV was founded in 2015 and is headquartered in Melbourne, Australia.

Business model

Electric Vehicles > Modular Vehicles Platform > Autonomous > Solar Powered,

Autonomous Vehicles > Self Driving Technology > Modular Vehicles > Solar Powered

Institutional investors

Australian Renewable Energy Agency Investible St Baker Energy Innovation Fund Global Suzuki Japan Post Capital National Reconstruction Fund Barrenjoey StB Capital Partners Suzuki Global Ventures