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Applied Electric Vehicles raised $40 million in a Series B round, led by the Australian government’s National Reconstruction Fund, to support its development of driverless EVs.
PRIVATEAug 25, 2026•1 day ago
Amount Raised
$40 Million
Round Type
Series B
Biotechnology
Investors
InvestibleSuzuki MotorJapan Post CapitalAustralian Government’s National Reconstruction Fund
Description
Applied Electric Vehicles, founded in 2015, has developed driverless EVs for businesses in remote and dangerous conditions. The company secured $40 million in new funding from notable investors including Japan Post Capital and Suzuki Motor. This funding aims to enhance their operational capabilities in sectors like mining and industrial sites. The round was backed by the Australian government's National Reconstruction Fund.
Company Information
Company
Applied Electric Vehicles
About
Uluu is a company that converts farmed seaweed and saltwater into a sustainable plastic substitute. Founded in 2021, it aims to address environmental issues associated with traditional plastics. The company is actively working on innovative solutions that promote sustainability and reduce plastic waste. As an emerging player in the green tech sector, Uluu seeks to make a positive impact on the environment.
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