The transition from conventional to electric vehicles (EVs) is rapidly approaching, and several companies are vying for a piece of the market. Aptera, Eli Electric Vehicles, Atlis Motors, Dunamis Charge and Battle Approved Motors are four companies that are making waves in the EV industry, and all of them have turned to equity crowdfunding as a means of raising capital. In this panel the discussion centered around why equity crowdfunding is such a good solution for capital-intensive businesses like EV manufacturers, and how it can help these companies acquire customers and build their fan base.

The EV market is a highly competitive and rapidly-evolving space. According to data from the International Energy Agency (IEA), the global stock of EVs reached 5.1 million in 2018, and is projected to reach between 9 million and 20 million by 2025. However, the road to mass adoption of EVs is not without its challenges. The high cost of EV batteries, lack of charging infrastructure, and limited driving range are some of the factors that have been cited as barriers to wider adoption of EVs. Despite these challenges, there is a growing demand for EVs as more and more consumers become aware of the environmental benefits of driving electric. According to a report from Frost & Sullivan, the global EV market is expected to reach $802 billion by 2027, driven by increasing government support, declining battery costs, and improvements in charging infrastructure.

Given the capital-intensive nature of the EV market, it's not surprising that many companies in the space are turning to equity crowdfunding as a means of raising capital. Equity crowdfunding is a form of crowdfunding in which investors receive a stake in the company in exchange for their investment. This is in contrast to traditional crowdfunding, in which investors receive a product or service in exchange for their investment.

Equity crowdfunding is particularly well-suited to the EV market because it allows companies to raise large sums of capital without giving up control of their company. This is especially important for companies like Aptera, Eli Electric Vehicles, Atlis Motors, and Battle Approved Motors, which are developing cutting-edge technology and need to retain control of their intellectual property.