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Funding to electric vehicle battery companies is on the rise due to the transition away from traditional vehicles.
One key driver of this shift is improvements in battery tech and design that make EVs more efficient and affordable. B2B electrification opportunities — such as electrifying commercial vehicles and ride-sharing fleets — also play a role.
With these factors and new regulations on the horizon, investors see a big opportunity in the space. In 2021 so far, investments to EV battery tech companies have soared to $4B, more than 4x the 2019 total.
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The post Battery Companies Are Seeing Huge Deals As Investors Bet On The Transition To Electric Vehicles — Here’s Where The Money Is Going appeared first on CB Insights Research.