18 Electric Vehicle Startup Companies in India
In this article we will walk you through with the details of 18 Electric Vehicle Startup Companies in India. EV startups are playing a significant role in accelerating India towards electric mobility, along with established automakers. The growth of these startups depends on evolving EV policies, using advanced technologies, and consumer adoption. EV startup companies focus on bringing affordable vehicles to their market. With their marketing strategies, startup companies influence customer perception. They even partner with large automakers to co-develop EVs.
The market for electric vehicles in India is still budding, but it is expected to grow in the coming years. So, the emergence of EV startups is a good sign, indicating people’s awareness of nature. The following are the EV startups companies in India:
18 Electric Vehicle Startup Companies in India
- M G Motors India Private Ltd
- 3ev Industries
- Altigreen
- Bazz Bikes
- Bgauss
- Bounce infinity
- Revolt Motors
- Okinawa Autotech International Private Limited
- Corrit electric
- Emflux Motors
- Emote Electric
- Emotorad
- kWh Bikes
- Ola Electric
- Orxa Energies
- Pure EV
- Race Energy
- Zypp Electric
Now lets us provide you the details of above 18 Electric Vehicle Startup Companies in India
18 Electric Vehicle Startup Companies in India
1. M G Motors India Private Ltd
M.G. Motors was established in 2019; its headquarters are in Gurugram. Rajeev Chaba is the president and MD of the company. It manufactures electric vehicles along with plug-in hybrids, focusing on high-performance products at an affordable price. The company launched the ZS EV SUV in 2020 and the Comet EV hatchback in 2023.
2. 3ev Industries
3ev Industries is a Bengaluru-based EV startup company; it was established in 2020. Peter Hartmut Voelkner is a co-founder of the company. The company manufactures three-wheel electric vehicles. The company also deals in renewable energy, machinery, and other materials.
3. Altigreen
Altigreen is a Bengaluru-based company leading in electric mobility, and it was founded in 2013. Dr. Amitabh Saran is the CEO and founder of the company. This EV startup company showcased its first fully electric three-wheeler, an autorickshaw for cargo and passengers, at the Auto Expo in 2018. In 2022, it launched dealership showrooms in Kochi, Delhi, Lucknow, Bangaluru, and Hyderabad with the target of expanding its business. Their EVs ensure more comfort, tireless driving, and carbon-free transportation.
4. Bazz Bikes
The Delhi-based company, Bazz Bikes, was founded in 2019 by four IIT allumni: Anubhav Sharma, Shubhan Srivastava, Karan Singla, and Abhijeet Saxena. The company introduced the Baaz E Rickshaw Super Deluxe Model and Baaz Bikes, as well as an electric scooter with a swappable battery. The company believes it can offer long-range, high-speed, and smart features targeting young urban consumers. It helps gig workers deliver items by using economical bikes, providing a high-density range.
5. Bgauss
Bgauss, India’s electric scooter manufacturer company, was founded in 2019 by Hemant Kabra, co-founder and managing director. Its headquarters are in Mumbai. The company launched the BGauss B8 and the BGauss A2 models in different variants. Additionally, it introduced the BG D15, (available in two variants), which has numerous safety features such as a completely waterproof body and protection against extreme heat and dust. BGauss electric bikes are equipped with modern technology, smart capability, an efficient product, practical range, and power for daily commuting. The bikes’ purpose is to make EVs connected, exciting, and accessible for everyone.
6. Bounce infinity
Bounce Infinity was launched by Vivekananda Hallekere, Anil G, and Varun Agni in 2018 with the mission to free commuters from the hiked prices of fuel. The Bounce Infinity E1, a retro classic and vintage design scooter, was launched at the end of 2021 with the facility of swappable batteries and convenience benefits that accelerate the adoption of electric vehicles. It solves the range anxiety and high initial costs for customers. Moreover, the company launched the E1 LE and E1+ models with swappable battery architectures. The company partnered with multiple electric vehicle manufacturers to expand its battery swapping platform and make electric scooters accessible and affordable for a wide range of buyers in India.
7. Revolt Motors
Revolt Motors is a leading EV startup electric two-wheelers manufactures with the latest technology, removable batteries, and practical performance for daily commuting. The co-founder of Micromax, Rahul Sharma, established Revolt Motors in 2017. Its headquarters are in Gurugram. The company manufactured the RV 400 and the RV 300, AI-enabled electric bikes, using sustainable and economical mobility. It also deals with battery swapping technology. Both the RV 400 and the RV 300 are tech-loaded and more affordable EVs for new buyers. In 2023, RattanIndia became the sole owner of the company, with a 100 percent stake.
8. Okinawa Autotech International Private Limited
Okinawa Autotech is an Indian electric company whose headquarters are in Gurugram. This EV startup was established by Jeetendra Sharma (MD) and Rupali Sharma (chairperson) in 2019. Their aim is to make India a significant player in electric mobility. In March 2022, the company launched the OKHI-90 electric scooter. Okinawa e-scooters focus on essential features such as range, speed, comfort, and storage with stylish and modern sleek design as well as smart connected features.
9. Corrit electric
Corrit Electric, located in Noida, is an electric scooter manufacturer company that focuses on commutes with good range and last-mile deliveries. It was founded in 2019 by Mayur Misra and Nishan Kapoor, with the aim of providing high-load capacity and eco-friendly vehicles to keep the environment clean and safe.
10. Emflux Motors
Emflux Motors was founded in 2016 by technology entrepreneurs Varun Mittal, Ankit Khatry, and Vinay Raj Somashekar with the purpose of revolutionizing the transportation sector by building electric bikes equipped with advanced and modern technology. The company stated that it would launch the Emflux One electric bike by the end of November 2024, with an expected price tag of Rs. 5.5 lakhs onwards. It may have a battery capacity of 9.7 kWh, a maximum speed of 200 kmph, and a range of 200 km on full charge.
11. Emote Electric
A Coimbatore-based company, Emote Electric, was established by Pranav Singanapalli in 2011. He is passionate about research and development and plans to build the first geared electric motorbike. So, the company’s target is to combine advanced technology to create an exciting driving experience by protecting nature and moving ahead towards a green future. Emote Electric is working on two models, the Surge, and the LCM, which are equipped with modern technology like Bluetooth, GPS and focus on comfort as well as convenience.
12. Emotorad
Emotorad, a Bengaluru-based company, focuses on manufacturing economical and high-quality electric cycles to remain competitive in the electric market. It was founded by Rajib Gangopadhyay, who has rich experience in the automobile industry, in 2020. The electric cycles are equipped with a battery swappable option. Doodle V3, T Rex Air, X 1 Limited Edition, EMX, EMX+, X1, X2, X3, X-Factor range, Desire range, etc. are futuristic e-cycles at an affordable price for daily commuters. Additionally, the company plans to launch an electric scooter too.
13. kWh Bikes
kWh Bikes was founded by Siddharth Janghu, in 2020, who is the CEO and founder of the electric vehicle manufacturer company. It is a Bengaluru-based startup company. It envisions building the most reliable, comfortable, and safest electric two-wheelers equipped with the latest technology.
14. Ola Electric
Bhavish Aggarwal, founder of Ola Electric, states that the company is ready to showcase the rapid growth of startup companies. It was founded in 2017 in Bengaluru, India. Currently, the company sells the S1 Pro, S1 Air, and S1 X. Their vision is to build high-quality, pure electric vehicles to contribute to a green and safe future. The company has a 500-acre factory at Krishnagiri, in Tamil Nadu, with the purpose of making several electric two-wheelers.
15. Orxa Energies
Orxa Energies, a Bengaluru-based company, extensively focuses on fine-tuning the design and range of the two-wheeler. It was founded by Prajwal Sabnis in 2015. Orxa Energies launched the electric motorcycle Mantis, a bike for bike lovers. It provides comfort and is a performance-oriented bike that comes with a claimed range of 221km on a full charge. The bike is equipped with modern features like a 5-inch TFT instrument console, twin projector headlights, smartphone connectivity, turn-by-turn navigation, and many more.
16. Pure EV
Pure EV was founded by Amogh Ramakant Nalawade, Nishanth Dongari, Rohit Vadera, and Sumit Sambaji Jadhav in 2015. Its headquarters are in Hyderabad. The company develops various models of electric two-wheelers, such as the Epluto7G, Etrance Neo, Egnite, and Etrance. Its two-wheelers are equipped with modern features: anti-theft smart locks, LCD displays, and a comfortable ride on every type of road.
17. Race Energy
Another EV startup RACE Energy was launched to accelerate India’s EV transition through affordable and indigenous products while supporting clean transportation. It was founded by BIIS Pilani alumni Arun Sreyas and Gautham Maheswaran in 2019. The company aims to spread rural mobility and connectivity by offering specialized 3-wheelers.
18. Zypp Electric
Zypp Electric was started with the target of helping Indians curb emissions of greenhouse gases and achieve sustainability. The aim of this EV startup is to reduce pollution on every delivery. Akash Gupta and Rashi Agrawal started the company, Zypp Electric, in 2017. Yamaha tied up with Zypp Electric to launch 250 electric two-wheelers.
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Conclusion
The main purpose of these 18 Electric Vehicle Startup Companies in India is to promote the adoption of electric vehicles in India to reduce vehicular emissions and dependency on fossil fuels by supporting sustainable transportation. The use of advanced analytics to efficiently manage the network and keep costs low will encourage EV buyers. They target eliminating the high upfront cost of vehicles and enhancing rural mobility by offering specialized electric wheelers. EV startups companies cater to the electric future of mobility through innovation, new business approaches, and by providing cost-effective electric vehicles.
