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Top Electric Vehicle Startups in India

Electric vehicle is popularly known as EV. This EV actually uses more electric motors or traction motors for its propulsion. This electric vehicle is powered through a collector system of high powered electricity. The electricity is supplied to the vehicles via the battery that is installed in it. It must be noted that there are solar panels and electric generators that actually generate a lot of electricity. This is used in vehicles and the vehicles are now running with non-polluting fuel, that is electricity. The electric vehicles are not just limited to road, but this is also used in rail vehicles, underwater and surface vessels, electric spacecraft, and also in electric aircraft. The term EV is commonly used in place of electric vehicles. In the 21st century, it can be said that the usage of electric vehicles has risen to the top. By 2030, plans are laid out that the world should run on electric vehicles. But the point is, time will answer everything. It is only by waiting for one more decade, one can actually know whether the vision that we are having is getting fulfilled or not.


Top Electric Vehicle Startups in India

In India, there are a good number of electric vehicle startups. These all startups aim at sustainable development and produce an alternative for gasoline vehicles. Gasoline vehicles will run only for a fixed period of time until the fossil fuels and petroleum is available. They are non-renewable sources of energy and will run dry by 2060. Keeping this in view, the world is actually trying to run on renewable sources of energy like electricity which can be used as an alternative to petroleum and electric vehicles can be run using this energy.

               So, without much ado, let us look at the Top Electric Vehicle Startups in India. So, let's get started...


TOP ELECTRIC VEHICLE STARTUPS IN INDIA:


1. BattRE:

Top Electric Vehicle Startups in India

                BattRE is one of the electric vehicle startups in India. The headquarters of BattRE is based in Jaipur, Rajasthan. This company was actually founded by Nishchal Chaudhary who was a former executive of Airtel. The main aim of this startup is "to provide innovative solutions to tackle issues of carbon footprints, traffic, and noise pollution through the use of e-scooters and e-bicycles." The company actually began its operation in Gujarat, Maharashtra, and South June in June, 2019. Interestingly, this startup BattRE has got more than 50 dealers in more than six states. BattRE actually aims at entering some other big markets like Rajasthan, Bihar, and most importantly Uttar Pradesh by April 2020.


2. Yulu:

Top Electric Vehicle Startups in India

Yulu is one of the very famous electric vehicles startup in India. It is a Bangalore-based electric bike-sharing platform. It was started by InMobi co-founder Amit Gupta in the year 2017. The main aim of this startup Yulu is to address the traffic problems using the Internet of Things (IoT). Yulu is currently operational at many major cities of India like Pune, Mumbai, Bangalore and Bhubaneswar. It must be noted that in November 2019, this startup has actually raised around $8 million in its Series A round. The existing investors actually invested an additional $2 million. With all the fundings which the company gets, it actually wants to build a strong electric vehicle (EV) infrastructure. The company is now targeting at 1 lakh Yulu Miracles by the end of 2020.


3. Okinawa:

Top Electric Vehicle Startups in India

Okinawa is yet another interesting and rising electric vehicle startup in India. This is a Gurugram-based company. The founders Rupali Sharma and Jeetender Sharma founded this in the year 2015. This company actually claims to be one hundred percent Indian electric two-wheeler company as it has its own manufacturing unit at Bhiwadi in Rajasthan. This startup Okinawa actually offers lithium-ion powered scooters which are quite affordable and praiseworthy. It doesn't compromise on its quality and has a very good production quality. The company Okinawa has reported a revenue of around Rs 200 crore in the financial year 2018 and 2019. Okinawa is also trying to hit one lakh electric two-wheelers in India by the end of 2021.


4. Revolt Intellicorp:

Top Electric Vehicle Startups in India

Revolt Intellicorp is yet another electric vehicle startup in India. This was founded by Rahul Sharma. He is none other than the co-founder of Micromax. It actually began its operation in April 2019. Revolt Intellicorp has also got a whopping Rs 500 crore from Rahul Sharma's personal funds. The Revolt Intellicorp actually came with RV 300 and RV 400. The most important point to consider buying vehicles from Revolt Intellicorp is that, they are ready to give monthly installment plans in Pune and Delhi. It is a very minimal amount of Rs 2,999 per month. With this monthly installment amount, one can actually buy an electric vehicle from Revolt Intellicorp and enjoy the electric vehicle to the fullest.


5. Ultraviolette:

Top Electric Vehicle Startups in India

Ultraviolette is another Bangalore-based startup of electric vehicle. This was actually started in December, 2015. The founders of Ultraviolette are Narayan Subramaniam and Niraj Rajmohan. It must be noted that, in the year 2019, the automobile giant TVS Motor Company actually picked a 15 percent stake in the startup. This is actually a huge benefit for a startup like Ultraviolette. In November 2019, the company has actually unveiled its first product F77. The interesting thing about F77 is that it can reach a speed of 60 kilometer per hour only in 2.9 seconds which is actually a good speed for an electric vehicle. This motorcycle comes with a top speed of around 140 kilometer per hour.


6. Evolet India:

Top Electric Vehicle Startups in India

Evolet India can be called as the prancing horse of the electric vehicles. It is one of the innovative startups in India. This company was unveiled by the pop icon and singer Daler Mehndi. The Evolet India is actually one of the major startups who looks at a visionary electric vehicle production in India. Some of the major offerings from Evolet India in Derby and polo. These two electric scooters actually have a top speed of 25 kilometers per hour, which means that there is no license required for driving this. The company proudly claims that Evolet India helps one travel one kilometer at just 8 paise per kilometer. Those looking for a cheap and safe ride must choose the offerings by Evolet India.


7. Ather Energy:

Top Electric Vehicle Startups in India

Ather Energy is actually a wonderful startup by the two graduates from IIT Madras, India. They founded this Ather Energy in the year 2013. The founders are Swapnil Jain and Tarun Mehta. This is a Bangalore based startup that has actually launched two electric scooters - the 450 and the 340 - along with the AtherGrid, an electric vehicle charging infrastructure. Interestingly, Ather Energy has raised funds from Sachin Bansal, the co-founder of Flipkart. Not only that, but they also raised funds from Singapore-based InnoVen Capital, Hero MotoCorp, venture capital investor Tiger Global and American hedge fund. It is expanding its business in Tamil Nadu and creating a good number of job opportunities in that region.


Wrap-Up

Thus, the aforementioned are the Top Electric Vehicle Startups in India. All the companies has been started just a few years ago with a very noble thought of sustainable development and the usage of clean energy for mobility. It is expected than by 2030, millions and millions of electric vehicles will hit the ground which can eventually lower the pollution rate and dependency on fossil fuels. Those looking for affordable and safe traveling must choose electric vehicles for they are quite easy to ride and eco-friendly.


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