India’s Top Electric Scooter Startup
in India, the Automobile sector is booming. By 2019-20, India has sold more than 3.8 lakh electric vehicles and buyer interest is more than ever.
As the Indian automobile sector moves towards the prospect of a sustainable future, electric vehicles are at the center of reducing carbon dioxide pollution and reducing dependence on fuel as a natural resource. And Indian electric vehicle startups taking India towards a sustainable future.
Motor vehicles emit pollutants, predominantly carbon dioxide, that contributes to global climate change. petrol cars aren’t particularly energy-efficient, and they aren’t very good for the environment either.
” Over three years, the Environmental Protection Agency (EPA) released figures in 2016 showing that the transport sector is responsible for 28 percent of greenhouse gas emissions. Of those 28 percent, 60 percent were caused by heavy-duty vehicles and 23 percent by heavy-duty trucks.”
On the other hand, EV startups, are by and large exclusively focused on Electrics Vehicles (EVs) they just don’t make internal combustion engine vehicles they aren’t part of the problem they’re part of the solution.
How EVs Are the Best Solution Towards Climate Change & Importance
The reduction of fossil fuel emissions through the use of E-vehicles will help to prevent economic damage due to climate change. Climate change causes PDF) a lot of damage to the global economy.
An average passenger vehicle emits about 4.6 metric tons of carbon dioxide a year. and the only transportation sector contributes 29% of all greenhouse gases. and 91% of American households own at least one car.
Here is a look at the Indian electric scooter startup.
List of Top 10 Electric Scooter Startups in India
- Aether Energy
- Ola Electric
- Emflux Motors
- Okinawa Scooters
- Revolt Motors
- Ultraviolet Automobile
- Tork Motors
- Yulu Scooters
- Strom Motors
- Euler Motors
Ather Energy is a Bengaluru-based electric scooter startup founded in 2013 by Tarun Mehta and Swapnil Jain.
Their first electric scooter was the Ather 340, while the co-founder and his team were busy Making their first electric scooter the Ather 340, they found it very difficult to raise funds. VCs were not ready to take risks and invest in smart electric scooters for the Indian market.
However Darien and Swapnil were finally able to convince Sachin Bansal, who owns 20.69 of the company shares, and Binnie Bansal, who owns 4.38, to invest $ 1 million or Rs 7.4 crore in 2014 is in December.
And it gave other investors confidence to invest even more money in this small EV startup, six years later, Ather Energy has raised $ 140 million which is Rs 1035 crore from investors like Hero Motor Corp, the company’s 37.84 Innova Capital, and Tiger Global owns.
These scooters are so full of features like it has an LCD screen that uses Google Maps. You can play music from this display. You can answer calls from it, via mobile. There is an app that integrates with the scooter where you can see information about it that you have incognito mode so you can turn off location tracking, and you have stand sensors so you don’t forget to do your stand up.
Also, it has a top speed of 90 kilometers per hour in warp mode and has a certified range of 116 kilometers.
Apart from this, Ether Energy has also set up a charging station network called Aether Grid, which currently has a presence in six Indian cities, but the idea here is for Ather Scooter owners and, in fact, most EV owners. Because these charging stations are compatible with any EV that have a 5a charger.
This dream of turning India into one of the world’s EV centers has made Ether Energy India’s most valuable electric two-wheeler startup, valued at just Rs 1405 crore, according to Tracker at $ 189 million.
Recently, the status of India’s most valuable electric two-wheeler startup could be taken away by ether energy as Ola Electric announced to set up electric bike manufacturing in India.
it has an electric scooter manufacturer based out of Amsterdam called Etergo and has also added other EV companies to its electric fleets such as Kinetic Safar, Smart Electric Auto Mahindra’s e2o Plus, and Goldstone electric buses at the end of 2020.
- world’s largest two-wheeler factory
- 10,000 new jobs created in India
- Annual, 10 million Two-Wheeler Production
- is expected to be priced below ₹1 lakh
The factory will be spread over 100 acres of land and it aims to produce 10 million ola’s electric scooter units annually or 15% of the world’s e-scooters by mid-2022.
So far, Ola Electric has raised $ 307 million, which is 2277 million ops from investors such as Softbank Kia, Hyundai Tata Tiger Global, and Matrix Partners India currently value startups worth over a billion dollars.
Ola Future Factory | Ola Electric Scooter plant
OLA is setting up the World’s largest electric Scooter plant in Hosur, Tamil Nadu. The plant is named ‘Ola future factory‘. Mr. Bhavish Aggarwal, a 35-year-old co-founder of the Indian mobility provider, invited journalists to show the 500-acre electric scooter manufacturing site in the Krishnagiri district of Tamil Nadu.
Ola Electric is going to take a major share of India’s EV market and especially the electric two-wheeler market as they plan to launch their first electric vehicle in India.
As a result of this upcoming launch, Ola Electric will replace Ather Energy as India’s most valuable electric two-wheeler startup.
It is an ETergo app scooter and its estimated cost is around 1.5 lakhs.
In comparison, Ather 450 ex-showroom price in New Delhi starts at Rs. 1.13 Lakh and goes up to Rs. 1.45 Lakh.
Ola Electric Vs Ather 450X
In terms of features, both are quite similar to the Warp Mode, the 450x can hit a top speed of 90 kmph while the app scooter can hit a top speed of 95 kmph. They both have smart displays, IoT sensors, GPS, and SIM cards, they have all the smart features you’d expect from an electric scooter at this price point.
The Aether 450x, has a certified range of 116 kilometers, on the other hand, the app scooter can travel 80 kilometers with a battery module, but there are three battery modules which means that the app scooter is a maximum distance Can travel 240 km in optimum conditions i.e. 240 km without any battery swapping you get nothing on the scooter and you can drive up to 240 km directly.
The first bike is the Emflux 1 and will be the fastest made-in-India electric superbike. it comes with a top speed of 200 KMPH with an acceleration speed of zero to 100 KMPH in three seconds.
The price of Emflux One is expected to be Rs. 5.50 Lakh and that would make it one of the most expensive made in India electric motorcycles.
Emflux’s Mission is to empower 10 Million electric two-wheelers in India by 2027.
In addition to e-bikes, Emflux Motors working on some other things, firstly they are creating an ecosystem of partner OEMs that are original equipment manufacturers, for which they plan to supply EV-related technology and components. And then secondly, they briefly entered the personal protective equipment market in May 2020 with the launch of Amflux Face Shield.
Bengaluru-based Emflux Motors, an electronic bike company, has raised Rs 2 crore in a new round of investment with existing and new investors. Electronic vehicle company Mflux Motors raised Rs 2 crore and according to Traxian, their final value was 2 million which was Rs.14.7 crores in February of 2014.
Gurugram-based Okinawa Electric Scooter Startup was founded in 2015 by Rupali Sharma and Jeetendra Sharma. And according to Jeetendra, the company’s name came to him after visiting an island called Okinawa in Japan, which is known for its zero pollution environment. This experience served as an inspiration to start something that would contribute to creating an environmentally friendly environment in India.
Okinawa electric scooters are extremely affordable it’s flagship E-scooter is priced at 1 lakh rupees and it’s called the IPraise+. it has a top speed of 58 kilometers per hour swappable batteries and a smartphone app that enables you to immobilize your scooter remotely track its location see how much juice its battery has and also find out when you need to take it in for servicing.
List of Okinawa Electric Scooters in India
- I praise Pro
Okinawa focuses more on product features rather than making them look beautiful. Intentionally they do not focus on making a scooter that looks high-tech and expensive because it is not what their target customer wants. Instead, Okinawa aims to create affordable electric two-wheelers that look generic with tons of smart features. and features, that you don’t get from internal combustion engine scooters and bikes.
Okinawa has also produced an e-bike named Oki 100. The Oki 100 is designed to compete directly with another Indian e-bike called the rv400.
Okinawa Oki100 is expected to launch in India in June 2021 in the expected price range of ₹ 90,000 to ₹ 1,00,000.
Revolt Motors was founded in Gurugram in early 2019 by one of the co-founders of Indian smartphone maker Micromax Rahul Sharma. Rahul made a personal investment of Rs 400 to 500 crores, which is between US $ 56 million to 6.6 million to revolt at the ground level. And in October of 2019, they started shipping e-bikes, these bikes RV 300 and RV 400 have swappable batteries that are capable of carrying their riders to a distance of around 85 km.
The top speed for the RV 300 is 65 Kilometers per hour and 80 kilometers per hour for the RV 400.
The Bike also supports AI-powered features such as Geofencing Geolocation, battery swapping, and monitoring and changing the sound of the bike.
All these features and specifications as well as the general appearance of the bike have won over Revolt Motors’ targeting customers. These bike sales were huge. as a result of the 2020 revolt, motors announced that they are raising $ 100 million i.e. Rs 743 crore to meet the demand and expand their operations In new cities.
Another high-performance electric scooter startup in India is called UltraViolet. Automotive Ultraviolet was founded in 2015 in Bangalore by Neeraj Rajmohan and Narayan Subramaniam. And built a bike called f77 which will be launched in 2021. The bike goes from 0 to 60 in three seconds and from0 to 100 in seven seconds and it has a top speed of 147 kilometers per hour.
Talking about the range, the f77 can travel between 130 and 150 kilometers on a single charge and you can easily swap out the old batteries for a new ones.
In addition, the f77 is fully connected to a mobile app that enables you to find out how much charge your bike has. also, you can optimize things like maximum speed, maximum torque, and how much energy regeneration.
Back in September 2020, Ultraviolet Car raised 30 crores. Ultraviolet Automotive plans to raise an additional $ 71 million in its ongoing range over the next 12 to 14 months, with the EV startup currently valued at Rs 805 crore coming in at $ 108.7 million.
Torque Motors is a Pune-based electric Scooter startup that was officially founded in 2016, but the startup journey began in 2005 when company founder Kapil Sheikh and his three classmates teamed up to make their first electric motorcycle in 2009.
Competing with the tx02 in 2010 and tx03 in 2012, India began to take notice by the time the Torque tx05 was built. and when they announced pre-orders for the t6x, which launched in June of 2021 Expectedly, he saw more than a thousand pre-orders in the first 24 hours.
Expected Launch – Jun 2021
The t6x is going to be Priced at around Rs 1.25 lakh and is going to include a lot of features that you would expect from an electric bike at this price, including a mobile app with a top speed of 100 km per hour in the range of 100 km.
An AI-enabled operating system called Term’s Torque Motors is supported by Bharat Forge, which owns 49 percent of the company along with Ratan Tata and Bawish Aggarwal, co-founders of Ola Cab.
The value of this EVS startup is currently 113. Crore or 15.2 million. US dollars.
A Bengaluru-based electric scooter startup called Yulu Bike. It was founded in 2017 by Amit Gupta, RK Mishra, Hemant Gupta, and Naveen Dachuri. In January 2018, the company began operations in Bangalore and started providing electric bikes for rent. Unlike other startups on this list, you cannot buy one of Yulu’s electric bikes.
Yulu launched a new fleet of 2,000 e-vehicles called Miracle, and in April 2020, Yulu launched 8,000 more Miracle e-vehicles with further improvements.
All you have to do is download the Yulu app and find the nearest electric Yulu. Since its inception in 2017, IoT sensors use GPS QR codes and SIM cards to operate your bicycle and scooter.
Yulu has raised Rs 147 crore from investors like Bajaj Auto, which owns 16.67 of the company’s Rocketship.VC, which owns 3.84 Wavemaker Partners.
Yulu has currently valued at Rs 585 crore and it has raised $19.9million in funding as of Feb 2021.
Strom Motors: Electric Vehicle Startup
Mumbai-based smart urban Electric scooter startup Strom Motors (E14 Technologies Private Limited) was founded in 2011 by Prateek Gupta, Jean-Luc Abaziou, and Dr. Gilmour Blankenship.
Strom Motors aims to redefine urban ” Pratik Gupta launched Strom Motors to focus on sustainable mobility and a green future.”
Strom Motor designed a “Strom-R3” electric vehicle manufactured all over India. But it is not an electric car or auto-rickshaw, it is a trike. The STROM-R3 seems more familiar with autos.
Strom Motors R3
Strom Motors R3 is an electric 2-seater hatchback car available at Rs. 4.50 Lakh in India.
The STROM-R3 is designed for Indians who want to own an affordable e-vehicle but don’t want to buy something out of date. For those who want to contribute to saving the environment and who have less money to spend on electric cars. The STROM-R3 is the most suitable trike car for them.
Features of Strom Motors R3
According to Patrick Gupta, it is super high-tech with a 4G connected diagnostic engine where users can track location and charge status and complete health reports of important components such as brake pad motor and electronics parts.
The onboard system continuously tracks road terrain and driver habits with a machine learning-based navigation engine that learns the user’s daily drive routes. Strom Motors plans to deliver its first round of R3s in January of 2021.
Price & Launch Date
Price: The estimated price of STROM-R3 is 3 to 3.5 lakhs in India.
Launch date: STROM-Motors is set to launch its first round of r3s in January 2021, but it is scheduled for later due to an outbreak of Corona. Now the company has started pre-booking R3.
Highlights Strom Motors R3
- All-electric car
- touchscreen interface
- 2 door 2 seater
- IoT enabled
- Range 200 KM
- Milege Rs.0.40/KM
- 400%- More efficient
- 80%- less maintenance
- Price- Rs. 3 LAKH-
- 3 Tons- less CO2 emission
Euler Motor is working on a Tesla-inspired electric autorickshaw for India’s cargo segment, and with this auto, Euler is also building a full-stack ecosystem that includes charging and service station networks and has already delivered major e-commerce.
also, Euler partnered with leading e-commerce companies Like Big Basket, Ecom Express, Blue Dart, Udaan, and Milk Basket using more than 200 prototype vehicles to provide this electric mobility stack as a service.
These vehicles are expected to leave the prototype phase And be launched in India in the first quarter of 2021.
Euler Motor, this Electric Scooter was founded in 2018 in New Delhi by Sourav Kumar, who built his first startup Cube 26 in 2012. In 2018, he sold the company to Paytm and started manufacturing Euler Motors using exit money.
Euler Motors has since established 100 charging stations in Delhi NCR and invested 35 crores from investors, such as Bloom Ventures Investment Capital Singapore-based Blume Ventures, Jetty Ventures India Investments, and Udaan’s co-founder Sujeet Kumar. As of May 2020, the startup was valued at around Rs 93 crore.
Top Electric Scooter & Bike Startups in India
Here is a list of some more electric vehicle startups that are dedicated to their work and are soon going to cover a huge market in India.
The Ampere Electric Coimbatore-based startup was acquired at a valuation of Rs 325 crore, valued at $ 43.8 million by Greaves Cotton, a publicly-traded company, which is why Ampere did not make it to our list Because they are not startups anymore.
AMS Electric Mobility
AMS Electric Mobility is a startup in Hyderabad manufacturing electric buses of 7 to 12 meters in length.
ATI Motor is a Bengaluru-based startup that has built two autonomous electric cargo carriers called Sherpa 1000 and Sherpa Mini.
Hyderabad-based EV startup launched electric bike Atum 1.0 for Rs 50,000. The Atum 1.0 provides a speed of 100 KMPH on a single charge. The electric bike comes with a 2-year battery warranty and is claimed to have been developed using indigenous parts.
Celestial E-Mobility is a Hyderabad-based startup that has built an e-tractor for both farming and airport applications.
Cell Propulsion is a Bengaluru-based startup that is manufacturing a Made India electric bus called Beluga.
Ever Motor is a Pune-based startup developing a luxury electric scooter with a top speed of 110 kilometers per hour called the FE-1.
Evolet: Electric Two-Wheeler Startup
Evolet is a guru gram-based startup owned by the Rissala Group and has found a very impressive selection of electric two-wheelers and is also responsible for India’s first all-electric quad.
Kabira Mobility: Electric Scooter Startup
kabira mobility is a goa-based startup that’s making some nice-looking low-speed electric two-wheelers.
These are the top 10 Indian EV startups that are driving India towards a cleaner and greener automotive future.
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