Top Electric Vehicle Start-ups in India – Top 6 EV Startups in India

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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.top electric vehicle startups in india

Top electric vehicle startups in India – list of electric vehicle startups in india – top 6 ev startups in India

The top Electric Vehicle start-ups in India are:

1- Ola Electric

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)

Must Read:Start-up Now – Easy steps to launch – How to start a start-up?

2- Ather Energy

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)

Top electric vehicle startups in India – leading electric vehicle manufacturers

3- Yulu

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)

Top electric vehicle startups in India – companies working on electric vehicles in india

4- Revolt Motors

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)

 Must Read:5 Successful travel and transport startups in India

5- Tork Motors

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

Top electric vehicle startups in India – biggest ev companies in india

6- Okinawa

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)

Must Read:National Startup Day in India

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