Best Electric Vehicles Companies in Belgium
The 72 best Electric Vehicles companies in Belgium in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Cowboy.
- Global Car Market Set to Triple by 2035, Reaching USD 4.8 Trillion on
Our analysis of 331 Electric Vehicles companies
$42.9b in tracked funding; 71% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2022.
Ranked: Best Electric Vehicles companies in Belgium
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Cowboy Manufacturer of connected e-bikes with adaptive power and theft detection | $144M | 21 mo ago | Series D | Tanguy Goretti Co-Founder & CTO | 2017 | Cart FunctionalityShopifySentry+29 | 12 patents Modular bicycle frame/fork parts and integrated electric bike drivetrain systems. | 1 partnership |
| 2 | MobilityPlus Provider of comprehensive charging solutions for electric vehicles and fleets | $43M | 20 mo ago | Series C | Jean Francois Cheyns Co-Founder & CEO | 2016 | HubSpot CMS HubYouTubeAlpine.js+18 | — | 1 job opening |
| 3 | Punch Powertrain Manufacturer of powertrains for electric vehicles | $42M | 104 mo ago | Acquired | Sebastien Mazoyer CEO | 1972 | WordPressApple iCloud MailMicrosoft 365+25 | 303 patents Dual‑clutch transmission drivetrain components and electric motor cooling systems for vehicles | 1 award |
| 4 | Magnax Platform offering axial flux motors for electric vehicles | $40M | 2 mo ago | Series C | Peter Leijnen Co-Founder | 2015 | Cart FunctionalitySquarespace CommerceSquarespace+14 | 37 patents Integrated axial‑flux electric machines with advanced cooling and modular stator technologies. | — |
| 5 | Addax Motors Developer of electric utility vehicles | $12M | 66 mo ago | Series A | — | 2015 | Craft CMSPHPYii+22 | — | — |
| 6 | Enervalis SaaS platform for electric vehicles, microgrid and buildings | $8M | 70 mo ago | Series A | — | 2013 | — | 3 patents Control and optimization of hot water heating system operation | — |
| 7 | Smappee Provider of energy management and charging solutions for homes and businesses | $3M | 41 mo ago | Series A | Stefan Grosjean Founder & Co-CEO | 2012 | WordPress Block EditorWordPressMySQL+29 | 8 patents Real-time energy monitoring and control for smart home/grid power management | — |
| 8 | Zen Car Electric vehicle car sharing service | $2M | 131 mo ago | Seed | Juan Emilio Gonzalez Lopez Co-Founder | 2010 | — | — | — |
| 9 | Pleevi Provider of AI-based solutions for fleet charging | $1M | 16 mo ago | Seed | Wout Lagae Co-Founder & CEO | 2024 | Framer SitesReactPriority Hints+9 | — | 1 job opening · 1 award |
| 10 | Powerdale Manufacturer of electric vehicle charging docks | $917K | 66 mo ago | Funding Raised | Olivier Piraux Co-Founder & CEO | 2003 | — | — | — |
| 11 | Partago Electric car sharing service | $493K | 115 mo ago | Funding Raised | Rik Bellens Co-Founder | 2015 | — | — | — |
Top 12 Electric Vehicles companies in Belgium
#1
Series C · Kortrijk, Flanders · founded 2015 · 5 employees$39.5Mraised▾
Platform offering axial flux motors for electric vehicles. It develops various models of motors like AXF250-X, and AXF250-S involving axial flux technology. It offers features like lightweight, peak power densities of 15 kW/kg, an oil cooling system, etc. The product offered has more power density and more vehicle range.
- Apr 2026Series C$40.9M
- Aug 2022Series B$19.9M
- Jan 2021Series A$19.6M
- Jan 2018Grant (prize money)$60.1K
#2
Series D · Brussels, Brussels · founded 2017 · 63 employees$143.7Mraised▾
Manufacturer of connected e-bikes with adaptive power and theft detection. The company offers step-over and step-through frame options with removable batteries and GPS tracking. The e-bikes have features such as carbon belt, wireless phone charger, and integrated lights. Additional features include auto-lock, theft alerts, crash detection, and ride statistics.
- Sep 2024Conventional Debt$1.1M
- Sep 2024Series D$4.4M
- Apr 2023Series C$1.7M
- Mar 2023Series C$10.5M
#3
Series C · De Pinte, Flanders · founded 2016 · 22 employees$43.2Mraised▾
Provider of comprehensive charging solutions for electric vehicles and fleets. The company delivers charging infrastructure and energy management for businesses and logistics. It offers solutions for fleet electrification, parking facilities, and real estate integration. The company’s services include charging point access and management, supporting the transition to electric mobility.
- Oct 2024Series C$43.6M
#4
Seed · Brussels, Brussels · founded 2024$1Mraised▾
Provider of AI-based solutions for fleet charging. It develops AI-powered smart charging APIs to optimize fleet charging for cost efficiency and sustainability. Its software uses advanced forecasting and predictive control to ensure efficient energy usage without overloading the grid.
- Jan 2025Seed$1M
#5
Acquired · Sint Truiden, Flanders · founded 1972 · 67 employees$42.2Mraised▾
Punch Powertrain is a manufacturer of powertrains for electric and hybrid vehicles. The company also develops automatic transmission for conventional powertrains. The company sells its products to OEMs and its major focus market is in China.
#6
Series A · Deerlijk, Flanders · founded 2015 · 25 employees$11.9Mraised▾
Developer of electric utility vehicles. The company develops various models of electric utility vehicles like MT15N, MT10, and MT15 with features like lithium-ion batteries, 1000 kg payload capacity, central locking system, and more. It caters to cities & municipalities, industrial & facility management, last-mile delivery, postal services, etc.
- Nov 2020Series A$9.5M
#7
Series A · Houthalen Helchteren, Flanders · founded 2013 · 31 employees$7.8Mraised▾
Enervalis works with smart city municipalities and companies in the electric vehicle, construction, and utility industries. It offers a SaaS platform Smartpower Suite, a middleware operating system for application verticals - smart EV, Smart Buildings, and Smart Microgrids.
- Aug 2020Series A$3.3M
- May 2019Series A—
- May 2018Grant (prize money)$381.1K
- Dec 2017Grant (prize money)$815.1K
#8
Series A · Harelbeke, Flanders · founded 2012 · 18 employees$2.7Mraised▾
Provider of energy management and charging solutions for homes and businesses. The company offers systems to control and monitor energy use efficiently. These systems allow users to direct energy to consumers and storage. The company also provides charging stations for electric vehicles. It serves installers and energy service providers with energy efficiency products.
- Jan 2023Grant (prize money)—
- Jan 2016Series A$2.7M
#9
Funding Raised · Sint Genesius Rode, Flanders · founded 2003 · 31 employees$916.7Kraised▾
Manufacturer of electric vehicle charging docks. The company provides technological solutions for electromobility and energy management.
- Dec 2020Grant (prize money)$313.1K
- Jun 2020Grant (prize money)$603.6K
- Aug 2014PE—
#10
Seed · Brussels, Brussels · founded 2010 · 3 employees$2Mraised▾
Zen Car is a Belgium based electric car sharing service. The company has a fleet of all-electric vehicles which the users can book using the website and app. Post booking and use the customers have to return the cars at designated locations.
- Jul 2015Seed$2M
#11
Funding Raised · Ghent, Flanders · founded 2015 · 2 employees$493.2Kraised▾
Belgium-based Partago focuses on providing electric car sharing services. The users can book and access the cars using a smartphone app. The users have to return the car at the location from where it was picked up. The company's fleet consists of all electric Renault Zoe cars. As on Sep 2017, the service is operational in Ghent.
- Nov 2016Grant (prize money)$493.2K
#12
Seed · Antwerp, Flanders · founded 2020 · 8 employees$57.9Kraised▾
Provider of on-demand charging services. It allows EV owners to book on-demand charging services through the app and a charging trailer will come and charge the vehicles at a given destination.
- 2022Seed$57.9K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Electric Vehicles coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Electric Vehicles is moving in Belgium
A read on the academic research around Electric Vehicles — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 266 Belgium-affiliated papers.
- Vrije Universiteit Brussel111
- Flanders Make61
- KU Leuven41
- Ghent University32
- European Commission15
- Automotive engineering1→5
- Battery (electricity)2→5
- Electrical engineering2→5
- Automotive engineering20→32
- Powertrain2→8
- Electrical engineering2→7
- Photovoltaic system2→7
- Battery (electricity)13→17
- Battery (electricity)2→8
Where electric vehicles is researched across Belgium
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.