According to Reuters, Arrival Inc, REE Automotive Holding Inc and Canoo Inc are among the companies that are trying to electrify commercial vehicles.

Obviously, not having the budgets and the teams of traditional industry makers has its own impact on startups that are trying to compete on the market and investors are sometimes pushing them to deliver working units in order to receive new investments.

Daniel Barel, CEO of Israeli electric chassis maker REE Automotive, said that "it's vitally important at this stage to get vehicles into customers' hands. Only then can they make a real decision to buy."

REE is a chassis maker and innovated with regards to van platforms to allow for more cargo space inside them.

To do this quick and to save on resources, the company reached out to American Axle for the electric motors and to Italian company Brembo for the brakes, among other companies for various parts.

Peter Dow, vice president for engineering at REE's engineering center in Nuneaton, England, said that "we want to keep true to what we're about and let others bring their expertise in for the rest."

Traditional carmakers are also invested in making electric commercial vehicles, Volkswagen and Mercedes-Benz are among the companies that already offer electric vans for customers who want a cleaner transportation method.

Bedeo is a British EV startup that started making electric powertrains for Stellantis, one of the largest automaking group in the world.

The British company is now thinking about making its own vans to enter this market.

Andrew Whitehead, CEO of Bedeo unit Protean Electric mentioned that "a large-scale capital raise is tough at the moment."

Some EV startups are looking at different ways to cut cost in order to ensure they don't run out of funding to finish their project.

One such company is Rivian, who's cutting its workforce by 6% in order to make sure it will be able to build its 5 billion dollar US plant, which is scheduled to open sometime in 2025.

Arrival is another EV making company which has to come up with ways to save on money in order to be able to continue operations.

John Wozniak, Chief Financial Officer of the company, stated that "restructuring will fund Arrival's operations until late 2023."

"We believe that we will continue to access funding from a number of different sources. However, the terms may be less favorable and the amount and timing remains uncertain, which is why the company announced the measures it is taking to preserve cash", Wozniak said.