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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.
Amount Raised
A$40 Million
Round Type
Series B
MelbourneManufacturingBiotechnologySoftwareTransportationAutomotiveLogisticsInvestors
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.
Fundz sees it the moment Applied EV raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansApplied EV raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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