Top 10 Electric Vehicle Startups in India
Discover the top 10 electric vehicle startups in India revolutionizing sustainable transportation with innovative solutions. Explore leading companies like Ather Energy, Ola Electric, and Revolt Motors, driving the adoption of electric mobility through cutting-edge technology, high-performance vehicles, and eco-friendly initiatives. Learn about their contributions, challenges, and the future of electric vehicles in India.
Table of Contents
India’s electric vehicle (EV) market has been experiencing a rapid transformation, driven by the need for sustainable transportation and reducing carbon emissions. Startups play a pivotal role in this transition, offering innovative solutions and driving the adoption of electric mobility. Here are the top 10 electric vehicle startups in India that are making significant strides in this sector.
1. Ather Energy
Founded in 2013 by Tarun Mehta and Swapnil Jain, Ather Energy is one of the most prominent EV startups in India. The company focuses on high-performance electric scooters, with its flagship models being the Ather 450X and Ather 450 Plus. Ather’s scooters are known for their impressive range, smart features, and robust design. The company also offers Ather Grid, a fast-charging network, enhancing the convenience of owning an electric scooter.
| Attribute | Details |
|---|---|
| Founded | 2013 |
| Founders | Tarun Mehta, Swapnil Jain |
| Headquarters | Bengaluru, India |
| Key Products | Ather 450X, Ather 450 Plus |
| Unique Features | Smart dashboard, Over-the-air updates, Fast-charging network (Ather Grid) |
| Website | Ather Energy |
2. Ola Electric
Ola Electric, a subsidiary of the ride-hailing giant Ola, has made significant inroads into the EV market. Established in 2017, the company aims to put a million electric vehicles on Indian roads. Ola Electric’s S1 and S1 Pro electric scooters have gained substantial popularity for their performance, design, and affordability. The company is also investing heavily in charging infrastructure and battery swapping stations to support its growing fleet.
| Attribute | Details |
|---|---|
| Founded | 2017 |
| Parent Company | Ola (ANI Technologies Pvt Ltd) |
| Headquarters | Bengaluru, India |
| Key Products | Ola S1, Ola S1 Pro |
| Unique Features | Affordable pricing, Performance, Battery swapping |
| Website | Ola Electric |
3. Revolt Motors
Revolt Motors, founded by Micromax co-founder Rahul Sharma in 2017, is a key player in the electric motorcycle segment. The company introduced India’s first AI-enabled electric motorcycle, the Revolt RV400. With features like swappable batteries, remote start, and customizable sounds, Revolt Motors is setting new standards in the electric bike industry. The company’s subscription-based ownership model has also garnered attention, making it easier for consumers to switch to electric vehicles.
| Attribute | Details |
|---|---|
| Founded | 2017 |
| Founder | Rahul Sharma |
| Headquarters | Gurugram, India |
| Key Products | Revolt RV400, Revolt RV300 |
| Unique Features | AI-enabled, Swappable batteries, Remote start |
| Website | Revolt Motors |
4. Hero Electric
Hero Electric, part of the Hero Eco Group, is one of the oldest and most established electric vehicle manufacturers in India. Founded in 2007, the company offers a wide range of electric scooters catering to different segments of the market. With models like the Hero Electric Optima, Photon, and Nyx, the company has built a strong reputation for reliability and affordability. Hero Electric also focuses on expanding its charging network and enhancing after-sales service.
| Attribute | Details |
|---|---|
| Founded | 2007 |
| Parent Company | Hero Eco Group |
| Headquarters | New Delhi, India |
| Key Products | Hero Electric Optima, Photon, Nyx |
| Unique Features | Reliability, Affordability, Wide range |
| Website | Hero Electric |
5. Yulu
Yulu is a unique startup that combines electric mobility with urban micro-mobility solutions. Founded in 2017 by Amit Gupta, RK Misra, and Naveen Dachuri, Yulu offers electric bicycles and scooters for short-distance commutes. The company’s Yulu Miracle and Yulu Move are popular choices for last-mile connectivity. Yulu’s partnership with Bajaj Auto to manufacture electric scooters and its collaboration with various municipal bodies to provide eco-friendly transportation solutions highlight its innovative approach.
| Attribute | Details |
|---|---|
| Founded | 2017 |
| Founders | Amit Gupta, RK Misra, Naveen Dachuri |
| Headquarters | Bengaluru, India |
| Key Products | Yulu Miracle, Yulu Move |
| Unique Features | Urban micro-mobility, Partnerships for infrastructure |
| Website | Yulu |
6. Tork Motors
Tork Motors, founded in 2010 by Kapil Shelke, is India’s first electric motorcycle startup. The company’s flagship product, the Tork T6X, is designed for urban commuting with a top speed of 100 km/h and a range of 100 km on a single charge. Tork Motors focuses on delivering performance, style, and efficiency in its electric bikes. The company also emphasizes its proprietary Tork Intuitive Response Operating System (TIROS), which offers real-time data and analytics to enhance the riding experience.
| Attribute | Details |
|---|---|
| Founded | 2010 |
| Founder | Kapil Shelke |
| Headquarters | Pune, India |
| Key Products | Tork T6X |
| Unique Features | Proprietary TIROS system, Performance-oriented |
| Website | Tork Motors |
7. Ultraviolette Automotive
Bengaluru-based Ultraviolette Automotive was founded in 2015 by Narayan Subramaniam and Niraj Rajmohan. The company’s flagship product, the Ultraviolette F77, is a high-performance electric motorcycle designed for enthusiasts. With a range of 150 km and a top speed of 147 km/h, the F77 is positioned as a premium electric bike. Ultraviolette focuses on cutting-edge technology, innovative design, and superior performance to appeal to the growing community of EV enthusiasts.
| Attribute | Details |
|---|---|
| Founded | 2015 |
| Founders | Narayan Subramaniam, Niraj Rajmohan |
| Headquarters | Bengaluru, India |
| Key Products | Ultraviolette F77 |
| Unique Features | High-performance, Innovative design, Cutting-edge technology |
| Website | Ultraviolette Automotive |
8. Euler Motors
Euler Motors, founded by Saurav Kumar in 2018, is a startup specializing in electric commercial vehicles. The company’s focus is on providing efficient and eco-friendly logistics solutions. Euler Motors’ electric three-wheelers are designed for last-mile delivery, offering benefits like lower operational costs and reduced emissions. The startup is also working on developing a robust charging infrastructure and battery swapping solutions to support its fleet.
| Attribute | Details |
|---|---|
| Founded | 2018 |
| Founder | Saurav Kumar |
| Headquarters | New Delhi, India |
| Key Products | Euler HiLoad |
| Unique Features | Focus on commercial EVs, Efficient logistics solutions |
| Website | Euler Motors |
9. Ampere Vehicles
Ampere Vehicles, a subsidiary of Greaves Cotton, was founded in 2008 by Hemalatha Annamalai. The company offers a range of electric scooters targeting both personal and commercial use. Ampere’s models, such as the Zeal, Magnus Pro, and Reo, are known for their affordability, durability, and low maintenance costs. Ampere Vehicles is committed to making electric mobility accessible to a broader audience and has been expanding its presence across India.
| Attribute | Details |
|---|---|
| Founded | 2008 |
| Founder | Hemalatha Annamalai |
| Parent Company | Greaves Cotton |
| Headquarters | Coimbatore, India |
| Key Products | Ampere Zeal, Magnus Pro, Reo |
| Unique Features | Affordability, Durability, Low maintenance |
| Website | Ampere Vehicles |
10. BluSmart Mobility
BluSmart Mobility, founded in 2019 by Anmol Singh Jaggi and Punit K Goyal, is India’s first all-electric ride-hailing platform. The company aims to provide a sustainable alternative to traditional ride-hailing services by offering a fleet of electric cars. BluSmart’s services are currently available in Delhi-NCR and Bengaluru, with plans for further expansion. The company focuses on providing a seamless and eco-friendly ride experience, contributing to the reduction of urban pollution.
| Attribute | Details |
|---|---|
| Founded | 2019 |
| Founders | Anmol Singh Jaggi, Punit K Goyal |
| Headquarters | Gurugram, India |
| Key Services | All-electric ride-hailing |
| Unique Features | Sustainable alternative to traditional ride-hailing, Expansion plans |
| Website | BluSmart Mobility |
The Road Ahead
India’s EV market is poised for significant growth, driven by supportive government policies, increasing environmental awareness, and advancements in technology. These startups are not only contributing to the evolution of electric mobility in India but are also creating job opportunities and promoting sustainable development.
The challenges ahead include the need for a more extensive charging infrastructure, addressing range anxiety, and ensuring the affordability of electric vehicles. However, with continuous innovation and collaboration between the government, industry, and startups, India is well on its way to becoming a major player in the global EV market.
In conclusion, the top 10 electric vehicle startups in India are at the forefront of the country’s transition to sustainable transportation. Their innovative products, business models, and commitment to reducing carbon emissions are driving the adoption of electric vehicles and paving the way for a cleaner, greener future. As these startups continue to grow and evolve, they will play a crucial role in shaping the future of mobility in India.
frequently asked questions (FAQs) about the top 10 electric vehicle startups in India:
Ather Energy
Q: What are the main models offered by Ather Energy?
- A: Ather Energy offers the Ather 450X and Ather 450 Plus electric scooters.
Q: Does Ather Energy provide charging infrastructure?
- A: Yes, Ather Energy offers Ather Grid, a fast-charging network.
Q: Where can I purchase an Ather scooter?
- A: You can purchase Ather scooters from their experience centers and through their official website.
Ola Electric
Q: What are the key models of Ola Electric scooters?
- A: Ola Electric offers the S1 and S1 Pro models.
Q: Is there a battery swapping option for Ola Electric scooters?
- A: Yes, Ola Electric is investing in battery swapping stations.
Q: Where can I buy an Ola Electric scooter?
- A: You can buy them through Ola Electric’s official website and select physical outlets.
Revolt Motors
Q: What are the main models of Revolt Motors?
- A: Revolt Motors offers the RV400 and RV300 electric motorcycles.
Q: How does Revolt’s subscription-based model work?
- A: Revolt Motors offers a monthly subscription plan which includes the bike cost, maintenance, and other benefits.
Q: Can I customize the sound of my Revolt bike?
- A: Yes, Revolt bikes offer customizable sound options.
Hero Electric
Q: What models does Hero Electric offer?
- A: Hero Electric offers models like Optima, Photon, and Nyx.
Q: Are Hero Electric scooters affordable?
- A: Yes, Hero Electric scooters are known for their affordability.
Q: Where can I find Hero Electric scooters for purchase?
- A: Hero Electric scooters are available at numerous dealerships and on their official website.
Yulu
Q: What are Yulu’s main products?
- A: Yulu offers Yulu Miracle and Yulu Move electric bikes.
Q: How can I rent a Yulu bike?
- A: You can rent Yulu bikes through their mobile app.
Q: Where is Yulu available?
- A: Yulu bikes are available in select cities like Bengaluru, Mumbai, and Delhi.
Tork Motors
Q: What is the flagship product of Tork Motors?
- A: The flagship product is the Tork T6X electric motorcycle.
Q: What is the TIROS system?
- A: TIROS (Tork Intuitive Response Operating System) is a proprietary system offering real-time data and analytics.
Q: Where can I purchase a Tork T6X?
- A: Tork T6X can be purchased through their official website and select dealerships.
Ultraviolette Automotive
Q: What is Ultraviolette Automotive’s key model?
- A: Ultraviolette F77 is the key model.
Q: What is the range of the Ultraviolette F77?
- A: The F77 has a range of up to 150 km on a single charge.
Q: How can I buy an Ultraviolette F77?
- A: The F77 can be pre-booked through Ultraviolette’s official website.
Euler Motors
Q: What vehicles does Euler Motors specialize in?
- A: Euler Motors specializes in electric commercial vehicles, particularly three-wheelers.
Q: What is the main use of Euler’s electric vehicles?
- A: They are mainly used for last-mile delivery and logistics.
Q: Can I get charging infrastructure from Euler Motors?
- A: Yes, Euler Motors is developing a robust charging infrastructure.
Ampere Vehicles
Q: What are some models offered by Ampere Vehicles?
- A: Ampere Zeal, Magnus Pro, and Reo are some of the models.
Q: Are Ampere Vehicles scooters suitable for commercial use?
- A: Yes, Ampere offers models catering to both personal and commercial use.
Q: How can I purchase Ampere scooters?
- A: Ampere scooters can be bought through their website and extensive dealer network.
BluSmart Mobility
Q: What services does BluSmart Mobility provide?
- A: BluSmart offers all-electric ride-hailing services.
Q: In which cities is BluSmart Mobility currently operational?
- A: BluSmart is operational in Delhi-NCR and Bengaluru.
Q: How can I book a ride with BluSmart Mobility?
- A: Rides can be booked through the BluSmart mobile app.
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