Top 10 Indian Startups in Electric Vehicles
1. Altigreen Propulsion Labs Pvt. Ltd.
Amitabh Saran, Lasse Moklegaard, and Shalendra Gupta founded Altigreen Propulsion Labs in 2013. The company’s headquarters are in Bangalore, Karnataka. Altigreen is a company that develops electric vehicle technology and solutions for commercial last-mile transportation using 2, 3, and 4-wheeler vehicles. The startup’s goal is to develop intellectual property in automotive aftermarket products using green and eco-friendly technologies. Reliance Industries Limited has recently invested in the startup.
2. Ather Energy Pvt. Ltd.
Ather Energy was founded by Tarun Mehta and Swapnil Jain in 2013. The headquarters of the electric vehicle startup is in Bangalore. The founders have also established the Ather Grid, an EV charging grid in Bengaluru. Ather Energy specializes in the production of two-wheelers. They currently sell two models: the Ather 450x and the Ather 450 Plus. Ather Energy has received funding from well-known companies such as Flipkart. It is one of India’s top ten electric vehicle startups.
3. Bycyshare Technologies Pvt. Ltd. (Zypp)
Akash Gupta and Rashi Agarwal founded Zypp Electric in August 2017. The company’s headquarters are in Gurgaon, Haryana. Zypp is the leading tech-enabled EV-as-a-Service platform in India. The startup’s goal is to make India carbon-free by leveraging an ecosystem of electric vehicles and EV-based technology to make last-mile logistics sustainable and emission-free.
4. Cellestial E-Mobility Pvt. Ltd.
Midhun Kumar, Siddhartha Durairajan, Syed Mubasheer Ali, and Vinod Moudgil founded Cellestial E-Mobility in May 2019. The electric vehicle startup is based in Hyderabad, Andhra Pradesh. Cellestial E-mobility is a city-based startup that is working to develop the longest-lasting electric tractors.
5. Emflux Motors
Ankit Khatry, Varun Mittal, and Vinay Raj Somashekher founded Emflux Motors in 2016. The electric vehicle startup is based in Bangalore, Karnataka. The EV startup is determined to build India’s best electric superbike. Emflux One is their first product.
6. Etrio Automobiles Pvt. Ltd.
Deepak MV founded Etrio Automobiles in 2017 and is headquartered in Hyderabad, Andhra Pradesh. E-Trio is an electric vehicle startup with the goal of offering the most diverse range of EVs. The startup’s goal is to make electric mobility affordable and accessible to everyone.
7. Euler Motors Pvt. Ltd.
Saurav Kumar founded Euler Motors in 2018 and is based in New Delhi. The startup is primarily concerned with commercial electric vehicles. Euler Motors is dedicated to hastening India’s transition to more sustainable mobility. By 2030, Euler aims to become the cargo transport category leader in India by driving the electric vehicle revolution. To accelerate mass-market adoption, Euler is providing the entire “mobility as a service” stack rather than just one stage of a larger value chain.
8. Ola Electric Technologies Pvt. Ltd.
Anand Shah, Ankit Jain, and Bhavish Aggarwal founded Ola Electric. Bangalore is home to the world’s leading electric vehicle manufacturer. The electric mobility arm of ride-hailing company Ola intends to establish a manufacturing plant in Tamil Nadu called “Ola FutureFactory.” Ola Electric is one of India’s top ten electric vehicle startups.
9. Revolt Motors Ltd.
Rahul Sharma founded Revolt Motors in 2019. The EV startup is based in Gurgaon. The company manufactures e-bikes, RV 300 and RV 400, with swappable batteries that can transport riders up to 85 kilometers. The bikes also have AI-powered features like geofencing, battery swapping, and monitoring and changing the bike’s sound.
10. SimpleEnergy Pvt. Ltd.
Suhas Rajkumar and Shreshth Mishra founded Simple Energy in 2019. The Bengaluru-based company designs and manufactures electric two-wheelers from the ground up. The company develops entire Made-in-India products in-house, ranging from surface design to chassis design, battery development, and motor development.