India on the Ivy League of Electric Mobility
The last three years' list includes fundraisers from Ola Electric, Ather Energy, Ultra violette, and Euler Motors. Bounce has expanded into the EV sector after first entering the market as a platform for renting scooters. For its entry into the EV manufacturing market in October 2021, the corporation paid $810 million for 22 Motors.
Scooters that are reasonably priced, reliable, and have a low TCO [total cost of ownership] are crucial to the nation's shift to EVs. Design thinking is crucial now because the majority of EVs have fixed batteries and millions of people who don't have access to parking or charging stations can't transition to EVs.
While 2022 is the year that EV startups receive the most funding, most of the most active investors, including Sequoia Capital, Tiger Global, Softbank, Matrix Partners, Accel, and Nexus Venture Partners, have steered clear of this market. That is partially owing to the fear that global (Chinese) corporations will eventually dominate the EV business, particularly in batteries, despite the fact that numerous Indian companies have proven this to be untrue. We'e here with such dynamic startups that have India on the map of EV industry.