Electric-vehicle platforms, charging infrastructure, and next-generation batteries.
Components that cannot be computed are dropped and the weights renormalize — never faked to neutral.
Undisclosed amounts count as zero capital; deals still count.
| # | Company | Valuation | Secondary vs Round | Last Round |
|---|---|---|---|---|
| 1 | Base Power | $13B as of 2026-Q3 | -14.9% | 2026-08-03 |
| 2 | Redwood Materials | $4.5B as of 2025-Q4 | -25.2% | 2025-10-22 |
| 3 | HiTHIUM | $4.2B as of 2023-Q2 | no mark | 2023-06-30 |
| 4 | Agility Robotics | $3.0B as of 2026-07 | +96.7% | 2025-06-24 |
| 5 | Group14 Technologies | $3.0B as of 2025-Q3 | -56.4% | 2025-08-20 |
| 6 | ProLogium | $2.5B as of 2021-Q3 | no mark | 2021-08-19 |
| 7 | TAE Technologies | $2.5B as of 2025-Q2 | no mark | 2025-06-01 |
| 8 | Harbinger | $2.4B as of 2025-Q2 | -37.6% | 2025-05-19 |
| 9 | Enovate Motors | $2.1B as of 2026-08 | no mark | 2020-10-13 |
| 10 | Parallel Systems | $2.0B as of 2026-04 | no mark | 2026-04-01 |
| 11 | Also | $2.0B as of 2026-08 | no mark | 2026-03-31 |
| 12 | Aulton | $2.0B as of 2021-Q3 | no mark | 2021-09-29 |
Methodology. Emerging Spaces groups the tracked private-company roster into curated thematic spaces and scores each space's momentum 0–100 from four disclosed-data components: trailing-90-day capital vs the prior 90 days (40%), deal-count acceleration on the same windows (25%), news activity per tracked company over 30 days (20%), and the median secondary-market premium to last round across the space's marked names (15%). Components that cannot be computed are dropped and the weights renormalize — the basis is disclosed per space. Quarterly trends derive from dated, disclosed rounds; undisclosed amounts count as zero capital. An attention map of disclosed activity — not a prediction, not investment advice.