NOVEMBER 20249Are Indian Roads Ready for the EV Dominance?In India, with surging demand and continuous technological innovation, the global electric vehicle market is growing at rapid speed. Indian startups are making a dent with their ingenuity in fighting back traditional automakers that get up the learning curve quickly to fall in line with changing consumer preference. Government support, proactive EV policies, and incentives both at Centre and states have been instrumental in this growth trajectory. This flick from conventional fuel-powered vehicles to EVs is a prolific paradigm shift in the industry globe wide. While two-wheelers dominate Indian roads with a share of approximately 70 percent, development in terms of four-wheeler EVs is very strong; this indicates that electric mobility solutions are being more and more adopted all over the country.Rohit Vadera, CEO, PURE EV, says, "India currently imports most of its oil, which makes the country vulnerable to fluctuations in global oil prices. EVs can help reduce this dependence on foreign oil and increase energy security and strengthen the nation's balance sheet".Now, let's explore 5 Young Entrepreneurs in Indian EV segment!Ather EnergyBasically, Ather Energy is an Indian electric two-wheeler manufacturer that has its headquarters in Bangalore, founded in the year 2013 by Tarun Mehta and Swapnil Jain. It has two EV manufacturing facilities, one at Whitefield in Bangalore and another at Hosur in Tamil Nadu. Being India's third-biggest electric t w o- whe eler manufacturer after Ola Electric, TVS Motor Company, and Bajaj Auto, Ather Energy has developed a pan-India electric vehicle charging infrastructure under the brand name Ather Grid. These Experience Centers are operated out of a licenced dealer network and number about 140 in 96 cities across India.3ev Industries3ev Industries was established in 2019 for off-grid clean energy technologies and to promote sustainable business development. Headquartered in Bangalore, the company steps forth to provide hyper-local connectivity solutions within emerging urban areas across India. 3ev offers a range of end-to-end micro-mobility services tailored to meet the needs of each community it serves, from passenger transport to small-parcel deliveries and freight solutions. It is built on the philosophy of effective and robust last-mile connectivity, therefore 3ev with its in-house designed electric vehicles is integrated with a robust IT platform to establish a network of community-embedded service clusters. The company commits to establish itself as a reliable service provider for all personal transportation logistics and the requirements of businesses within a particular hyper-local setup. 3ev Industries manufacture a broad range of electric vehicles, from passenger to cargo autorickshaws, in its Doddaballapur-based manufacturing facility in Bangalore. It is supported by an in-house battery manufacturing facility and R&D center.BGaussBGauss, a prestigious brand in the electric vehicle segment, comes from RR Kabel and RR Global prestigious leaders in electrical solutions. BGauss vehicles have been specially designed to upgrade lifestyle with a concern for the environment and offer style that is dynamic, yet affordable. This has been combined with features such as easy usage, comfort, low maintenance, and faster charging. SC COLUMN
< Page 8 | Page 10 >