Deccan Herald’s Post

Electric Vehicle (EV) startup Simple Energy has announced a successful raise of $20 million in a Series A funding round. This substantial investment will be strategically utilized to ramp up production of its cutting-edge electric scooters, the Simple One and Simple Dot One. With this fresh influx of capital, Simple Energy is set to scale up production to meet growing demand, marking a significant milestone in the company's expansion plans. The funds will not only boost production but also support the company's ambitious entry into new markets and enhance its presence across India. Additionally, the investment will fuel the development of innovative new products, solidifying Simple Energy's position as a leader in the EV market. Founded with a vision to revolutionize urban mobility, Simple Energy is committed to delivering sustainable and high-performance electric scooters that cater to the evolving needs of consumers. This funding round underscores investor confidence in the company's potential to drive the future of electric transportation. #SimpleEnergy #ElectricVehicles #SeriesAFunding #EScooters #SustainableMobility #EVMarket #ProductionScaleUp #NewMarkets #IndiaExpansion #ProductDevelopment #UrbanMobility #TechInnovation #GreenTransport #InvestmentNews #SimpleOne #SimpleDotOne #angellistmedia

🤔 Is Asia ready for electric vehicles? https://buff.ly/4cI4lRh This map highlights the EV startups accelerating adoption across the region, from electric motorcycles to battery-swapping stations ⚡️

Corrit Electric Private Limited Gains INR 5 Crores Funding Boost For EV Expansion Corrit Electric, a prominent electric vehicle startup, has raised INR 5 crores in funding from Porush Jain, the creator of Sportskeeda.com. As an angel investor and entrepreneur, Jain has expressed confidence in Corrit Electric’s mission to provide clean, affordable, and efficient electric two-wheelers in the Indian market. This investment will empower Corrit Electric to accelerate its operations expansion and advance research and development initiatives. Over the next 3-6 months, the company will focus on its Transit vehicle, launched during Auto Expo 2023, which garnered significant attention and demand from fleet operators and last-mile delivery companies nationwide. Mayur Misra, Director and […] - https://lnkd.in/d-Ad46N3 #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #corritelectric #electricvehicles #ev #evfunding #india

Indian electric vehicle rental company Zypp Electric has secured $15 million from Japanese #energy conglomerate ENEOS to fuel its expansion into Southeast Asia. This investment marks a significant step forward for the Gurugram-based startup, which aims to establish itself in 15 Southeast Asian markets within the next two years. Zypp Electric offers an EV-as-a-service platform catering to e-commerce companies and gig workers. Their service includes a user-friendly app, data analytics #software for fleet and delivery management, and a fleet of electric two-wheelers. They currently operate in major Indian cities like Delhi, Bengaluru, Mumbai, and Hyderabad. The fresh funding will be used to launch a pilot program in at least one Southeast Asian market by early next year. Indonesia, Thailand, and the Philippines are strong contenders due to their heavy reliance on two-wheeler #transportation and booming delivery sectors. Zypp Electric plans to strategically deepen its presence in existing Indian markets while simultaneously launching operations in new Southeast Asian territories on a quarterly basis. This strategic shift comes after previous plans to expand the fleet to 200,000 electric two-wheelers and enter 30 Indian cities by the end of 2025. The company has decided to focus on fortifying its presence in established #markets to ensure a stronger foothold before venturing into new territories. Zypp Electric has also begun offering electric three-wheelers in Delhi and Bengaluru, with plans to expand to Mumbai soon. This three-wheeler segment already contributes 10% of the startup's total revenue, showcasing its potential for further #growth. The company boasts a current fleet of 22,000 electric two-wheelers and aims to increase that number to 50,000 within the next year. Their long-term goal is to reach a fleet size of 200,000 electric two-wheelers within the next two and a half years. With this fresh investment and a clear expansion strategy, Zypp Electric is poised to become a major player in the Southeast Asian electric vehicle rental market. Their focus on operational efficiency and strategic partnerships positions them for #success in the rapidly evolving world of sustainable urban mobility. www.tycoonstory.com #ZyppElectric #EV #eneosenergy #SoutheastAsia #expansion #electricmobility #UrbanTransport #sustainablefuture #techstartups #CleanEnergyForAll #GreenTech #FutureOfTransportation #electricvehiclesarethefuture #greeneconomy #startupfunding #innovation #mobility #SmartCities #RenewableEnergy #technology #investment #SustainableTransportation #UrbanDelivery Zypp Electric

12+ Best Electric Vehicle Startups in India, Paving the Way to a Sustainable Future!!🚗🔥 Welcome to the exciting realm of electric vehicles (EVs) in India, where a dynamic group of startups is turning this dream into reality. #topstartups #growth #dream To read the full article please follow the link👇 https://lnkd.in/gGp8XG5G For more updates follow KaroStartup

5 EV Startups Leading India’s EV and Sustainable Mobility Revolution EV startups witnessing a surge in hybrid and electric vehicle sales in India 2023 underscores a notable shift towards sustainable and green mobility, reflecting evolving consumer preferences. Hybrid car sales reached a record-breaking 82,607 units, surging over four times compared to 2022, while battery-operated electric car sales nearly doubled to 81,710 units. This marked the […] The post 5 EV Startups Leading India’s EV and Sustainable Mobility Revolution appeared first on IndiaTechDesk - India's Leading Tech and Startup Media Publication . https://lnkd.in/gGTZEUzP

Electrifying success for Zypp Electric! I am super stoked to share with you all the remarkable milestones achieved by our portfolio Zypp Electric in the past fiscal year and their ambitious vision for the future. Zypp Electric has posted a phenomenal 3X revenue growth in FY 2024 at Rs 325 crore Here are some key highlights of the company’s achievements. - 396% compound annual growth from 2019-2022. - Expanded to six major cities, including Delhi NCR, Bengaluru, and Mumbai. - Increased deployment from 11,000 to 20,000 electric scooters. - Completed over 45 million shipments from January 2023 to February 2024. - Enabled 53,000 delivery executives to use electric vehicles. - Reduced 29 million kilograms of carbon emissions. - Plans to start services in Hyderabad and expand to a new city every quarter. - Aims to increase fleet from 20,000 to 100,000 vehicles in 12-18 months and to 500,000 in 36-48 months. - Targets profitability along with growth. Venture Catalysts++ | India's 1st Multi-Stage VC, 9Unicorns, Akash Gupta, Anuj Golecha, Gaurav Jain, Vansh Oberoi, Ashank S., Shruti Arya, Rajesh Mane, Ankit Jain, Shivika Sethi, Rishabh Golchha #VentureCatalysts #9unicorns #venturecapital #startups #startupindia #vcecosystem #ev #startupecosystem #AngelInvestor #VC #IndianStartups https://lnkd.in/dUjceZvn

EV Innovation in Spotlight Among Automotive Start-Ups As the EV market heats up, more startup companies are creating innovations around making the EV industry more efficient. http://spr.ly/6045bKUSX #Automotive #AutomotiveTechnology #IndustryNews

The Indian EV market is estimated to reach a whopping $110.74 Bn by 2029 –  let’s take a look at 64 EV startups that are making a difference and helping keep the earth clean & green 🌎  ⚡ Though the electrification of vehicles started a bit late in India compared to some European countries, the US, China, and Japan, the country’s EV adoption has grown exponentially on the back of more startups joining the segment and government policies.  ⚡ Many Indian EV #startups such as Ather Energy, Altigreen Propulsion Labs, BluSmart, and Exponent Energy have now come up with sustainable solutions for mobility.  ⚡ Indian EV startups offer services such as sustainable mobility, energy infrastructure, commercial mobility & battery management systems, among others, to the general masses and enterprises. Besides, they are also helping reduce carbon emissions and offering a cheaper alternative to fossil fuels. #sustainability #ev #electricvehicles

🚀 Startup Spotlight: Turno Co-founder & CEO: Sudhindra Reddy | Website: https://www.turno.club/ Turno is revolutionizing electric vehicle ownership for commercial drivers in India by providing accessible financing solutions for EVs, particularly for auto-rickshaws and taxis. Their unique business model includes battery loans and a guaranteed buyback program, making EV ownership more affordable and reducing the financial barriers for drivers. By working directly with leading EV manufacturers, Turno ensures drivers can seamlessly transition to sustainable electric mobility. 🌿 Sustainability: Turno is accelerating India’s shift to electric vehicles, significantly reducing emissions in the commercial transport sector. 💡 Innovation: Their financing model, which includes a buyback guarantee, addresses high upfront battery costs, removing a major hurdle in EV adoption. 🌍 Impact: Turno’s solution empowers thousands of drivers across India to switch to EVs, creating a greener and more efficient transport network. If you’re interested in learning more, follow our Substack: https://lnkd.in/enPrWYCK #Sustainability #Innovation #EVFinancing #ElectricVehicles #INSEAD #GiaClimateLab