One of the biggest threats affecting the planet is global warming. Today, almost all countries are looking to combat the problem with an effective solution. The government, businesses, and many startups in the country are helping us deal with this subject. Start-ups in India, particularly, are playing a crucial role, as India boasts the third-largest number of startups globally.
As pollution from vehicles is one of the top causes of global warming, clean mobility is the need of the hour to help overcome the issue. Start-ups in the Indian electric vehicle (EV) domain, such as Gemopai, Ather Energy, and Ola, are at the forefront of offering eco-friendly solutions. According to a report by Modor Intelligence, the EV market size in India is anticipated to be valued from USD5.61 billion in 2023 to USD 37.68 billion by 2028, witnessing a CAGR of 46.38% during the forecast period.
From sustainable mobility, commercial mobility, energy infrastructure, and battery management systems, EV start-ups are offering a variety of services. Also, they are helping reduce carbon emissions and offering an economical substitute for fossil fuels. Let us take a look at some of the Indian startups that are working towards sustainability:
- Gemopai
Gemopai is an E-Scooter manufacturing company founded in 2017 by Amit Raj Singh and Kshitij Kumar. Headquartered in Greater Noida, India. Gemopai aims to offer affordable 360-degree electric mobility solutions in India. With a presence in multiple locations, including Nepal, the company has established a network of 100+ dealers. Gemopai has gained recognition as one of the fastest-growing companies in the electric vehicle (EV) industry.
Recently, Gemopai introduced its latest products, the Astrid Lite and the Ryder SuperMax electric scooters. The Ryder SuperMax, an upgraded version of the Ryder, stands out with its advanced features and budget-friendly pricing. Priced at Rs. 79,999 and boasting an impressive range of 100* km per charge, the Ryder SuperMax sets a new standard for electric two-wheelers in the market.
- Ultraviolette
Ultraviolette Automotive Pvt. Ltd., headquartered in Bangalore, India, is an innovative company focused on sustainable mobility and energy infrastructure. Established in 2016 by Narayan Subramaniam and Niraj Rajmohan, the company’s vision is to create high-performance electric vehicles and future-ready energy infrastructure in India.
Ultraviolette’s flagship product, the F77 electric bike, stands out as the most expensive and powerful electric two-wheeler available in the market.
- Ola
Ola, originally a startup based in Bangalore, has grown into a global brand operating on three continents. It has become India’s largest mobility platform and one of the world’s largest ride-hailing companies. Ola’s EV startup manufacturing facility, known as Ola Future Factory, has a significant production capacity of 10 million two-wheeler EVs per year and utilises over 3000 robots.
Ola’s electric scooters, including the S1 Air and S1 Pro, are known for their impressive range and performance. The Ola S1, in particular, has gained popularity as one of the highest-selling e-scooters in the Indian market. Additionally, Ola has plans to venture into electric bikes and electric cars in the near future.
- Okinawa
Okinawa Autotech, founded in 2012, is dedicated to making India a significant player in the electric and sustainable mobility space. With a focus on cutting-edge auto-tech development, the Indian electric two-wheeler manufacturing company offers a range of indigenous EV products like RIDGE+, PRAISE PRO, IPRAISE+, OKHI-90, R30, and LITE, catering to various price points from INR 50,000 to INR 1.14 lakh. The company has a vast retail network of over 350+ dealers across the country, making EVs accessible to millions of Indians.
- Ather Energy
Ather Energy, founded in 2013 by Tarun Mehta and Swapnil Jain, is another prominent Indian electric vehicle company. Ather Energy manufactures electric scooters like the Ather 450X and Ather 450 Plus. It has two EV manufacturing facilities located in Whitefield, Bangalore, and Hosur, Tamil Nadu.
Ather Energy has also taken the initiative to set up an extensive electric vehicle charging infrastructure called Ather Grid, which spans over 1,000 charging stations across 80 cities in India. By the end of 2023, the company aims to expand this network to over 2,500+ charging stations.
