Jesse Atlas’ Post

Sharing this insightful post from Jesse Atlas ..

EV for EVeryone is the imminent future in India. Is the narrative around ecology, global petro-politics, economics, or vanity? Lithium and cobalt mining as well as lithium battery after-life disposal are yet to be tackled effectively. Add to it assessing how much is the electricity in the charger from coal-burning versus clean energy. So I guess in India it is about vanity, then economics for the consumer, and then global petro-politics. Hydrogen cars is what I’m looking forward to next. That made in India aluminium battery is cool too

How ‘charged up’ are #startups on #EV? We recently covered the vast potential and rapidly growing #EV industry in India. Jesse Atlas beautifully covers this by highlighting the funding available to the top #Indian startups in this arena. When one speaks of #EV they consider #OEMs primarily but often ignored are other segments like Mobility as a Service and Battery Tech! While Ola Electric spearheaded by Bhavish Aggarwal, BluSmart founded by Punit K Goyal, and Zypp Electric co-founded by Rashi Agarwal and Akash Gupta have become household names, many other startups in #India have rapidly scaled over the last year. Jesse gives us insights into: 1️⃣ Ather Energy founded in 2013 2️⃣ Bounce Infinity founded in 2014 3️⃣ Smartron founded in 2014 4️⃣ Euler Motors founded in 2018 5️⃣ Log9 Materials founded 2015 6️⃣ Magenta Mobility founded in 2018 7️⃣ Ultraviolette Automotive founded in 2016 8️⃣ LOHUM founded in 2017 9️⃣ Exponent Energy founded in 2020 We will cover some of their stories in the days to come and will keep you updated on the latest in India on EV and other sectors. #Followus for insights on more companies #GoingBigOnIndia! Tarun Mehta Swapnil Jain Mahesh Lingareddy Saurav Kumar Akshay Singhal Kartik Hajela Narayan Subramaniam Niraj Rajmohan Rajat Verma Arun Vinayak Sanjay Byalal Jagannath Nitish Arora Going Big On India

Here is a list of the 12 largest Indian EV start-ups by capital raised according to Inc42 Media. Indian EV startups have garnered over $2.8 billion in funding since 2015, primarily led by OEMs. However, recent data from indicates a notable shift, with non-OEMs securing over 41% of deals in 2023. The Indian EV sector has raised $850 million through 37 deals since Jan 2023. Investors cite prolonged gestation periods, intensifying competition, and substantial capital requirements for the waning interest in funding EV manufacturers. Attention is now turning towards specific industry sub-segments, including EV financing, charging infrastructure, and battery technology. While major OEMs like Ola Electric, Ather Energy, and River have raised over $530 million cumulatively in the last year, investments in non-OEM players are gaining traction. Notable funding rounds include EV battery startup Log9 Materials $40 million Series B and Magenta Mobility $22 million Series A. This shift underscores a growing focus on elements within the EV ecosystem beyond vehicle manufacturing. *Note numbers in graphic do not match text due to funding rounds occurring since the original graphic was published in 2023. Which Indian EV startups are you most excited about? Source: https://lnkd.in/gFgXhtbW #EV #batteries #India

From parts manufacturers to charging solutions providers, startups in the electric vehicle (EV) space are attracting funds. The charging infrastructure segment has raised $46.7 million in funding across three rounds so far this year, Jyoti Banthia reports for businessline, citing Tracxn data. In 2023, this segment raised $188.5 million via 18 deals, the data shows. This fund-raising spree is fuelling an expansion drive. Charge+Zone has more than 2,000 charging stations and is present across over 75 locations. Kartikey Hariyani, the company’s founder and CEO, says that it is adding one charging station every day. ElectricPe has the largest charging network in Bengaluru and plans to expand into two or three cities this year, the report says. Exponent Energy, which provides rapid charging, operates across six cities and has forayed into the three-wheeler passenger vehicle market in partnership with Omega Seiki Mobility this year. There is still a demand-supply gap when it comes to charging, but companies are looking to address it with the use of AI, says Karan Mehta, Venture Principal at Green Frontier Capital. Meanwhile, manufacturers that shifted from another industry to EV parts are also seeing increased investor interest, Soumyajit Saha reports for The Economic Times. While motor control units-manufacturer Indigrid started out by producing TV set top boxes, Matel began with making solar water pumps. Such firms, among others, have raised funds for the first time in the last couple of months, the report says. A lot of large players are specialised in their manufacturing, which provides a space for smaller companies, say industry executives. Source: businessline - https://lnkd.in/gxrJ__d4 The Economic Times - https://lnkd.in/gfVxe3iT ✍: Abhiraj Ganguli 📷: Getty Images #ElectricVehicles #EV #Manufacturing #EVStartups #Funding

Indian EV startups have garnered over $2.8 billion in funding since 2015, primarily led by OEMs. However, recent data indicates a notable shift, with non-OEMs securing over 41% of deals in 2023. The Indian EV sector has raised $850 million through 37 deals since Jan 2023. Investors cite prolonged gestation periods, intensifying competition, and substantial capital requirements for the waning interest in funding EV manufacturers. Industry sub-segments are hot, including EV financing, charging infrastructure, and battery technology; many have better unit economics than 2W manufacturers. While major OEMs like Ola Electric, Ather Energy, and River have raised over $530 million cumulatively in the last year, investments in non-OEM players are gaining traction. Notable funding rounds include EV battery startup Log9 Materials $40 million Series B and Magenta Mobility $22 million Series A. This shift underscores a growing focus on elements within the EV ecosystem beyond vehicle manufacturing. Here is a list of the 12 largest Indian EV start-ups by capital raised according to Inc42 Media. *Note numbers in graphic do not match text due to funding rounds occurring since the original graphic was published in 2023. Source: Inc42 - https://lnkd.in/gFgXhtbW #EV #batteries #India #startups #VC

Indian EV startups have garnered over $2.8 billion in funding since 2015, primarily led by OEMs. However, recent data indicates a notable shift, with non-OEMs securing over 41% of deals in 2023. The Indian EV sector has raised $850 million through 37 deals since Jan 2023. Investors cite prolonged gestation periods, intensifying competition, and substantial capital requirements for the waning interest in funding EV manufacturers. Industry sub-segments are hot, including EV financing, charging infrastructure, and battery technology; many have better unit economics than 2W manufacturers. While major OEMs like Ola Electric, Ather Energy, and River have raised over $530 million cumulatively in the last year, investments in non-OEM players are gaining traction. Notable funding rounds include EV battery startup Log9 Materials $40 million Series B and Magenta Mobility $22 million Series A. This shift underscores a growing focus on elements within the EV ecosystem beyond vehicle manufacturing. Here is a list of the 12 largest Indian EV start-ups by capital raised according to Inc42 Media. *Note numbers in graphic do not match text due to funding rounds occurring since the original graphic was published in 2023. Source: Inc42 - https://lnkd.in/gFgXhtbW #EV #batteries #India #startups #ola

Meet the top 12 most funded EV startups in India 👇💸 ⚡ The Indian EV market, estimated to reach a whopping $110.74 Bn by 2029, houses various small as well as large EV startups. ⚡ 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. ⚡ Indian EV startups offer services such as sustainable mobility, energy infrastructure, commercial mobility and 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. ⚡ Electric two-wheelers (E2W) today command a significant 60% market share of all EVs. ⚡ Bhavish Aggarwal-led Ola Electric continued to top the charts in terms of E2W vehicle registrations. The total number of two-wheeler EVs registered in February stood at 81,963 units as against 81,928 units in January. Ather Energy Bounce Infinity EulerMotors Zypp Electric - Last Mile Delivery Log 9 Materials LOHUM #startup #ev #electricvehicles #fundraising

Investment in the EV sector is highly important due to its rapid and transformative growth. This sector is becoming increasingly attractive for investors seeking opportunities in sustainable and innovative industries.

River Mobility, a pioneering Indian electric two-wheeler startup, has announced a massive investment of ₹10 billion in a new state-of-the-art manufacturing facility. This ambitious project aims to achieve an impressive target capacity of 500,000 units per year, in collaboration with Yamaha. Read More - https://lnkd.in/dMtt9eJQ This significant step not only highlights the rapid growth and potential of the electric vehicle market in India but also emphasizes the importance of sustainable transportation solutions. With this investment, River Mobility is set to revolutionize the electric two-wheeler industry, creating numerous job opportunities and contributing to a greener future. As someone deeply passionate about the EV industry, Team gyaniki | Your Access to Future Mobility is thrilled to witness such developments. This initiative will undoubtedly contribute to a greener future and provide numerous job opportunities, boosting the local economy. Kudos to the River Mobility team for their visionary approach and dedication to making a positive impact on our environment. Let's drive the change together! #EVnews #EVupdates #gyanikiNews #MoneyMovement #Investment #ElectricVehicles #Sustainability #GreenFuture #Innovation #RiverMobility #Yamaha #EVIndustry #Manufacturing #CleanTech