Top electric vehicle startups in India – India is aiming towards green energy and renewable energy sources. Electric Vehicles form a part of green India’s initiative. Electric vehicles are the vehicles that partially or fully use electric power for propulsion. They do not burn fuel and have zero emissions. The demand for electric vehicles is growing in the country and therefore, many companies are tapping on this technology. Along with the big companies in the automobile sector, many start-ups are also playing a huge role in producing electric vehicles.
The top Electric Vehicle start-ups in India are:
1- Ola Electric
Ola Electric develops electric scooters in India. It develops its products with AI enabled robots. It has a manufacturing plant in Krishnagiri, Tamil Nadu. In 2021, it launched 2 models of EV scooters:
- Ola Electric Scooter S1 – Rs. 85,099
- Ola Electric Scooter S1 Pro – Rs. 1.10 lakh
Features
- Mobile Application Connectivity
- GPS and Navigation
- Parking Assist
- Central Locking System
| Establishment Year | 2017 |
| Founder | Bhavish Aggarwal |
| Headquarters | Bengaluru |
| Valuation | $2.7 billion (2021) |
2- Ather Energy
Ather Energy has launched 3 electric scooters in India. It has also established Ather Grid, which is an electric vehicle charging grid. It has its production plant in Hosur, Tamil Nadu.
Ather Energy Scooters:
- Ather S340 – Discontinued
- Ather S450 – Rs. 1.18 lakh
- Ather S450 X – Rs. 1.47 lakh
Features:
- LCD Screen
- Smartphone App Integrated
- Google Maps
- Water and Dust resistance
- Multiple riding modes
| Establishment Year | 2013 |
| Founder | Swapnil Jain and Tarun Mehta |
| Headquarters | Bengaluru |
| Valuation | $187 million (2021) |
3- Yulu
Yulu does not sells its product but rents it. Yulu offers e-bikes and bicycles on rent through its application. The user can rent the bike through the application, which shows the availability of bikes and the nearby yulu zone. The bikes are Bluetooth and GPS enabled.
It has 2 products:
- Yulu Move (Bicycle)
- Yulu Miracle (Bike/scooter)
Features of Yulu Miracle:
- GPS enabled
- Dock less
- Travel up to 5 kms
- Battery swapping model
| Establishment Year | 2017 |
| Founder | Amit Gupta, R.K. Mishra, Naveen Dachuri, Hemant Gupta |
| Headquarters | Bengaluru |
| Valuation | $83.6 million (2021) |
4- Revolt Motors
Revolt Motors have developed AI-enabled motorbikes. They have developed 2 models:
- RV300 – Rs. 1.14 lakh
- RV400 – Rs. 1.29 lakh
Features:
- AI-enabled with Mobile application for tracking, GPS, sound changing, etc.
- Mono-shock rear suspension
- Battery swapping
- Travel up to 85kms
| Establishment Year | 2019 |
| Founder | Rahul Sharma |
| Headquarters | Gurugram |
| Valuation | $39.4 million (2021) |
5- Tork Motors
Tork Motors showcased India’s first electric motorcycle Tork T6X in 2016. It is going to launch the motorcycle in April 2022. It has been renamed as Kratos.
| Establishment Year | 2016 |
| Founder | Kapil Sheke |
| Headquarters | Pune |
6- Okinawa
Okinawa produces 100% electric two-wheelers. It has its plant in Bhiwadi, Rajastahan. It has launched an electric two-wheeler and electric bike.
- IPraise+ (2-wheeler scooter) – Rs. 1.05 lakh
- OKI-100 (2-wheeler bike) – to be launched
Features:
- Top Speed – 58 km/hr
- Battery Swapping
- Smartphone application enabled
- GPS enabled
| Establishment Year | 2015 |
| Founder | Rupali Sharma and Jitendra Sharma |
| Headquarters | Gurugram |
| Valuation | $110 million (2021) |
Source: tentaran.com
