July 20, 2024

Top 10 Electric Vehicle Startups in India

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Top 10 Electric Vehicle Startups in India

Top 10 Electric Vehicle Startups in India pioneering sustainable mobility solutions. From innovative designs to cutting-edge technology, these companies are reshaping the automotive industry. Explore their groundbreaking electric cars, scooters, and bikes aimed at reducing carbon footprint and enhancing urban transport. Stay informed about the latest advancements and future prospects in India’s burgeoning EV sector with our comprehensive guide.Discover India’s leading electric vehicle startups revolutionizing urban mobility with innovative solutions. From app-based ride platforms like BluSmart and Yulu to pioneering manufacturers like Ola Electric and Ather Energy, these companies are driving sustainable transportation forward. Explore cutting-edge technologies in battery storage from Log9 Materials and Cygni Energy, alongside fleet solutions by Lithium Urban Technologies. With a focus on efficiency, affordability, and environmental impact, these startups are reshaping India’s automotive landscape towards a greener future.

Top 10 Electric Vehicle Startups in India

1.BluSmart

Source: companies/blusmart
  • Overview: BluSmart operates an app-based platform for booking electric vehicle transportation services, promoting sustainable urban mobility.
  • Innovation: They focus on zero-emission rides, leveraging electric vehicles for eco-friendly urban transport solutions.
  • Impact: BluSmart aims to reduce urban pollution and congestion while offering convenient and reliable transportation options in cities like Gurugram.
DetailInformation
Founded Year2019
LocationGurugram, India
StageSeries A
Funding$142M
Competitors Rank1 of 20 Competitors
Websiteblusmart.in
BluSmart Details in Table

Also Read: Top 10 FashionTech Startups in India 

2.Ola Electric

Source: companies/ola-electric
  • Overview: Ola Electric, a subsidiary of Ola, designs and manufactures electric scooters, emphasizing affordability and performance.
  • Innovation: They integrate advanced features like keyless entry, connected services, and efficient battery technology into their scooters.
  • Impact: Ola Electric aims to accelerate the adoption of electric vehicles in India, contributing to reduced carbon emissions and cleaner city air.
DetailInformation
Founded Year2017
LocationBengaluru, India
StageSeries E
Funding$1B
Competitors Rank1 of 296 Competitors
Websiteolaelectric.in
Ola Electric Details in Table

Also Read: Top 10 TravelTech Startups in India 

3.Ather Energy

Source: companies/ather-energy
  • Overview: Ather Energy specializes in designing and manufacturing smart electric scooters known for their performance and innovative features.
  • Innovation: Their scooters feature fast charging, intelligent dashboards, and over-the-air updates, enhancing user experience and efficiency.
  • Impact: Ather Energy is reshaping the electric scooter market in India with high-performance models, promoting sustainable urban mobility.
DetailInformation
Founded Year2013
LocationBengaluru, India
StageSeries E
Funding$445M
Competitors Rank2 of 296 Competitors
Websiteatherenergy.com
Ather Energy Details in Table

Also Read: Top 10 Edutech Startups in India 

4.Yulu

Source: companies/yulu/
  • Overview: Yulu offers app-based rental services for electric bicycles and e-bikes, focusing on last-mile connectivity and urban mobility solutions.
  • Innovation: They provide GPS-enabled bikes that can be unlocked via QR codes, promoting easy access and usability.
  • Impact: Yulu contributes to reducing traffic congestion and pollution in urban areas by offering a sustainable and convenient transportation alternative.
DetailInformation
Founded Year2017
LocationBengaluru, India
StageSeries B
Funding$125M
Competitors Rank1 of 15 Competitors
Websiteyulu.bike
Yulu Details in Table

Also Read: Top 10 FoodTech Startups in India 

5.Log9 Materials

Source: companies/log9-materials
  • Overview: Log9 Materials specializes in advanced battery technologies, particularly graphene-based solutions for electric vehicles.
  • Innovation: They develop high-performance battery packs that enable fast charging and longer driving ranges, addressing key EV adoption barriers.
  • Impact: Log9 Materials plays a crucial role in improving the efficiency and sustainability of electric vehicles through their innovative battery technologies.
DetailInformation
Founded Year2015
LocationBengaluru, India
StageSeries B
Funding$90M
Competitors Rank1 of 58 Competitors
Websitelog9materials.com
Log9 Materials Details in Table

Also Read: Top 10 PropTech Startups in India 

6.Zypp Electric

Source: companies/zypp-electric
  • Overview: Zypp Electric operates a tech-enabled platform for electric scooter rentals and delivery services, catering to urban mobility needs.
  • Innovation: They offer double battery scooters and insurance coverage, ensuring reliability and safety for users.
  • Impact: Zypp Electric promotes the adoption of electric vehicles for delivery and personal transportation, contributing to reduced emissions and congestion.
DetailInformation
Founded Year2017
LocationGurgaon, India
StageSeries B
Funding$37.5M
Competitors Rank2 of 33 Competitors
Websitezypp.app
Zypp Electric Details in Table

Also Read: Top 10 RetailTech Startups in India 

7.Cygni Energy

Source: companies/cygni-energy
  • Overview: Cygni Energy focuses on smart solar solutions and energy storage systems, including batteries for electric vehicles.
  • Innovation: They provide solar-powered charging infrastructure and advanced battery packs suitable for EVs, enhancing sustainability.
  • Impact: Cygni Energy supports the integration of renewable energy sources in transportation, reducing dependence on fossil fuels and promoting energy efficiency.
DetailInformation
Founded Year2014
LocationHyderabad, India
StageSeries B
Funding$28.5M
Competitors Rank1 of 40 Competitors
Websitecygni.com
Cygni Energy Details in Table

Also Read: Top 10 GovTech Startups in India 

8.Lithium Urban Technologies

Source: companies/lithium-urban-technologies
  • Overview: Lithium Urban Technologies offers end-to-end electric vehicle fleet solutions for corporate transport needs.
  • Innovation: They provide cloud-based fleet management systems and electric cabs equipped with advanced technology for safety and efficiency.
  • Impact: Lithium Urban Technologies facilitates the transition to electric mobility in corporate sectors, reducing carbon footprints and operational costs.
DetailInformation
Founded Year2013
LocationBengaluru, India
StageAcquired
Funding$28.1M
Competitors Rank2 of 23 Competitors
Websitelithium.energy
Lithium Urban Technologies Details in Table

Also Read: Top 10 LegalTech Startups in India 

9.Magenta

Source: companies/magenta
  • Overview: Magenta provides cloud-based EV charging solutions and management platforms for electric vehicle infrastructure.
  • Innovation: They offer scalable and efficient charging solutions, including route optimization and grid integration services.
  • Impact: Magenta contributes to expanding EV charging infrastructure across India, supporting the adoption of electric vehicles in various sectors.
DetailInformation
Founded Year2017
LocationNavi Mumbai, India
StageSeries A
Funding$56.2M
Competitors Rank1 of 120 Competitors
Websitemagenta.in
Magenta Details in Table

Also Read: Top 10 InsurTech Startups in India 

10.Ultraviolette

Source: companies/ultraviolette
  • Overview: Ultraviolette designs and manufactures high-performance electric motorcycles with advanced features.
  • Innovation: Their motorcycles feature fast charging, intelligent connectivity, and high-speed performance, targeting enthusiasts and urban commuters.
  • Impact: Ultraviolette aims to redefine the motorcycle market in India with sustainable and high-performance electric alternatives, promoting eco-friendly transportation.
DetailInformation
Founded Year2016
LocationBengaluru, India
StageSeries D
Funding$64.1M
Competitors Rank1 of 187 Competitors
Websiteultraviolette.com
Ultraviolette Details in Table

Also Read: Top 10 CleanTech Startups in India  

FAQs Top 10 Electric Vehicle Startups in India

Q1.What is BluSmart?

BluSmart is an app-based platform based in Gurugram, India, offering electric vehicle transportation services. They specialize in providing sustainable urban mobility solutions through their fleet of electric vehicles, allowing users to book rides conveniently via their mobile app.

Q2.What does Ola Electric do?

Ola Electric, headquartered in Bengaluru, India, designs and manufactures electric scooters. They focus on affordability and advanced features such as keyless entry and efficient battery technology, catering to the growing demand for eco-friendly personal transportation.

Q3.Who is Ather Energy?

Ather Energy is a leading manufacturer of smart electric scooters based in Bengaluru, India. Known for their performance and innovative features like fast charging and intelligent dashboards, Ather aims to redefine urban commuting with sustainable mobility solutions.

Q4.What services does Yulu provide?

Yulu operates an app-based platform in Bengaluru, India, offering rental services for electric bicycles and e-bikes. They focus on last-mile connectivity solutions, providing GPS-enabled bikes that users can unlock and rent via their smartphone app.

Q5.What is Log9 Materials known for?

Log9 Materials, based in Bengaluru, India, specializes in advanced battery technologies, particularly graphene-based solutions for electric vehicles. They are focused on enhancing battery performance, efficiency, and fast-charging capabilities.

Q6.What does Zypp Electric offer?

Zypp Electric, headquartered in Gurgaon, India, provides electric scooter rental and delivery services through a tech-enabled platform. They offer double battery scooters and insurance coverage, ensuring safe and reliable transportation options.

Q7.Who is Cygni Energy?

Cygni Energy, based in Hyderabad, India, specializes in smart solar solutions and energy storage systems. They develop batteries suitable for electric vehicles and provide solar-powered charging infrastructure to promote sustainable mobility.

Q8.What does Lithium Urban Technologies provide?

Lithium Urban Technologies, located in Bengaluru, India, offers electric vehicle fleet solutions to corporate clients. They provide cloud-based fleet management systems and electric cabs equipped with advanced technology for efficient urban transportation.

Q9.What services does Magenta offer?

Magenta, based in Navi Mumbai, India, provides cloud-based EV charging solutions and management platforms. They specialize in scalable charging infrastructure and route optimization services for electric vehicles across various locations.

Q10.Who is Ultraviolette and what do they manufacture?

Ultraviolette, headquartered in Bengaluru, India, designs and manufactures high-performance electric motorcycles. Their motorcycles feature fast charging, intelligent connectivity, and are designed for both enthusiasts and daily urban commuters seeking sustainable transportation options.

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