MARCH 20239million) manufacturing plant in the state of Tamil Nadu with a production capacity of 10 million units. ·A Bengaluru-based ride sharing startup has entered the EV market and announced its first scooter with the model of `Battery-As-A-Service'. The startup planned to offer its electric scooter sans battery at a price point of Rs.45099 where customers can swap out their batteries at dedicated locations by paying a fee of Rs.80. There will be selling of scooters with pre-fitted batteries.·In recent times, Bengaluru-based cell propulsion has developed an integrated electric powertrain for electric buses and LCVs. The cell propulsion provides solutions that include fleet management and tracking, operations and maintenance, buy-back guarantee, and data analytics. The startup last year raised $2 million from its existing investors for accelerating the adoption of eCVs and execution of its go-to-market strategy.·A startup from Gurugram has introduced an all-electric ride-hailing platform. The startup is providing on-demand, intelligent and affordable smart mobility solutions in collaboration with a multinational company for setting up a large-scale network of commercial EV charging stations. It has raised $42 million in funding at present. ·An electric bike manufacturer is working on increasing the customer preference for electric bikes for recreational and adventure activities by selling its e-Bicycles which are priced between Rs.59,999 and Rs.69,999.ConclusionElectric vehicles are considered to be the niche vehicles in the grand scheme of the automotive industry, pumping out millions of cars per year. The startups are gaining recognition in a hurry and claiming their stake in the era of electrification. A major number of startups are taking innovative steps in designing and engineering cars that are expensive with integrated technologies of app-based platforms for booking two-wheelers for rental. User-friendly stages include setting up an account with a driving license, basic details, and a more complete form of KYC. Users can vehicles in their vicinity and can reserve and pay for the ride using the mobile application. The features are more included with buffer time for ignition, variant payment options, and long-term rental for both Android and iOS devices.With the startups creating havoc in the EV market, the demand for lithium battery-powered scooters is invincible as the startups focus on creating sustainable mobility for urban India. The startup claims to have entered India's largest Battery-As-A-Service and from the day of its inception, the mobility startup has swapped three-million batteries. As per media reports, the startup plans to raise $100 million for further expansion of its business model and extend the last-mile mobility vertical. The startup also plans to expand the fleet to one lakh units by the end of 2022 with a growth of 10,000 units from the current production.
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