EV STARTUPS IN INDIA
Electric vehicles have been gaining momentum in recent years, and the most prominent electric vehicles startups in India in 2022 are poised to take advantage of this trend. These companies are focused on developing and manufacturing electric vehicles and are looking to impact the Indian market significantly.
The list of the electric vehicles startups In India in 2022 includes Mahindra Reva Electric Vehicles, Mahindra & Mahindra Group’s electric vehicle arm, Renault-Nissan-Mitsubishi Alliance’s Tesla-influenced all-electric producer Renault EZ-Link, and Tata Motors’ NanoCar.
These companies are focused on making electric vehicles more affordable and accessible, and they are all looking to make a meaningful impact in the Indian market. The large population of Indians looking for environmentally friendly transportation options will be excited to see the impact these companies have on the market.
According to Statista estimates, the present market valuation of the Indian EV Industry is US$2.8 billion and is expected to reach US$10.4 billion by 2025.