siliconindia | | SEPTEMBER 20248A new generation of young, dynamic individuals is reshaping India's business landscape and finding the way to entrepreneurship. These up-and-coming visionaries are much more than just dreamers; they are achievers who leave a mark when very young. Also, they represent refreshing ideas, undaunted determination, and the attitude of never backing down have some of these entrepreneurs, not just in the process of penning their futures but also contributing hugely towards the economic progress of their nations. Their stories are an inspiration and testament to the unabated opportunities in the entrepreneurial world. Those challenges of building a business in a developing country are made easy through innovative minds, hence inspiring many.The booming startup ecosystem transformed India into a hotbed where young innovative Minds thrive and see international recognition. This is a country where the entrepreneurship culture has settled very well, with creative people effectively working on their ideas to establish different businesses. Young entrepreneurs depict courage, creativity, and commitment leading toward positive change in different sectors. In an opportunity-rich country, they take on a challenge to make it to the core of innovation and leadership. To the other part of it, the associated upsurge of startups often headlined by their young leaders does not only bring extremely innovative businesses to the table but also solves some of the most critical problems in Indian society.Are 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 Five 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 two-wheeler 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 EDITORIAL EXCLUSIVETOP FIVE EMERGING EV COMPANIES SHAPING INDIA'S FUTURE
< Page 7 | Page 9 >