The world is choosing to go green and India is taking a huge part in it. Our environment demands us to be smarter and we should seriously consider this if we want our future generations to sustain a livelihood in a better world. India is among the top countries to have a vibrant automobile industry. 

The customers here want affordability, reliability, and with decent figures of performance. Records indicate that by the next 20 years, India will become the fourth largest makers of electric vehicles in the world. 

Business Outreach Magazine wants to highlight the fact that entrepreneurs are actively setting structures to get into the Electric Vehicle industry and join the revolutionary transition that is going to take place. 

Vehicles running on fossil fuels are more performance-driven and inexpensive than electric vehicles. This is because the cars have got decades of research behind them. We can consider the modern times of aiming to mass produce more electric vehicles equates to the period when horse carts were transitioning to the then fuel cars. 

But the process is expedited due to the passage of information through the power of technology. Global companies like Tesla started the show with phenomenal performance-focused Electric Vehicle s. They were followed by Ford, Volvo, Mercedes Benz, Audi, BMW, and so on. In India, several two-wheeler and four-wheeler companies have started producing Electric Vehicle. 

We have Tata Motors to be the torch bearer of electric mobility in India, followed by Mahindra & Mahindra, Korean car makers Hyundai and many more. Survey shows that between the year 2021 to 2027, the electric vehicle industry will probably rise at a CAGR of 44%. And the annual sales should reach about 6.3 million by the year 2027. 

Currently, Electric Vehicle run on lithium-ion batteries, and most of the components of the battery are imported from China. Customers are concerned about the battery range of the car and ponder about running out of charge in the middle of their journey. Since the availability of petrol/gas pumps are always present, running a diesel or petrol car is nothing to worry about. 

Let us dive into some of the best electric vehicles companies in India

Storm Motors :

Storm Motors was founded in the year 2011 by Prateek Gupta, Jean-Luc Abaziou, and Dr.Gilmer Blankenship. Being based in Mumbai, Storm Motors is one of the top 10 Indian Electric Vehicle startups. The company got its funding from Indian Angel Network. The startup offers the product ‘STORM-R3’ which is a three-wheeler car equipped with air conditioning. 

The car is connected to a 4G network that gives data analysis of the amount of charge remaining, condition of brake pads, engine health and electronics, and loads of other stuff. Machine learning is hugely supported by the car that reads a driver’s pattern and helps in monitoring road terrains. It has a peppy performance with a sleek design aesthetic and costs around Rs. 4.5 lakh. 

Euler Motors :

Eular Motors was founded by Saurav Kumar in the year 2015. The company in India is backed by reputed investors like Blume Ventures, Inventus Capital, Jetty Ventures, Sujeet Kumar, and many others.

The company has three-wheeler and four-wheeler LCV auto rickshaw inspired from Tesla. The commercial cargo can cover a range from 80 to 100 km depending on the weight of the load. The vehicle has a maximum capacity of bearing a load of 500 kgs. 

Emflux Motors :

Emflux Motors is one of India’s top 10 power companies founded by Ankit Khatry, Varun Mittal, and Vinay Raj. The company is based in Bangalore and was established in 2016. The company offers a high-performance electric superbike named ‘emflux 1’. 

The product costs around Rs. 5 to 6 lakh. Being an electric superbike, it has a top speed of about 200kmph with 0 to 100 kms in just 3 seconds. The bike also has a range of about 200 kms.  

Okinawa :

Okinawa is an electric vehicle startup founded by Rupali Sharma and Jitendra Sharma. The company was established in the year 2015 and is based in Gurugram. Okinawa has two products, namely, IPraise Plus which is an electric scooter, and OKI-100 which is an electric bike. The cost of the products is around Rs. 1 lakh. 

The electric scooter has a top speed of about 58 kmph and is equipped with swappable batteries along with accessibility with a smartphone app to remotely track the vehicle, mobilizing the vehicle, checking service intervals, and ensuring the remaining battery charge. 

Revolt :

The revolt was founded by Rahul Sharma in the year 2019. Based in Gurugram, Revolt offers two products which are RV300 and RV400. The vehicles bear a price of about Rs. 1 lakh. Both the products have swappable battery options and offer a range of 85 kms. The bikes have a top speed of 65 kmph along with features like geo-tagging, geo-location, tracking, and many more. 

Ultraviolette Automotive :

Ultraviolette Automotive is backed by TVS Motor Company and Speciale Invest. It was founded in the year 2015 by Niraj Rajmohan and Narayan Subhramaniam. The company is based in Bangalore and offers the product named F77, which is a high-performance bike.

Costing around Rs. 3 lakh, the bike clocks a 0 to 60 kmph in just 3 seconds and has a top speed of around 147 kmph. Coming with the option of swappable batteries, the bike has a range of about 130 to 150 kms along with a full system analysis with the help of a Mobile Application.

Tork Motors :

Tork Motor is one of the top electric vehicle startups invested by Ratan Tata, Ankit Bhati and Bhavish Aggarwal. The company was founded by Kapil Sheke in the year 2016. Tork Motors is based in the city of Pune and comes with a number of two-wheeler products like TX01, TX02, TX03, and more. 

Priced at Rs. 1.25 lakh, Tork Motor provides a range of 100 kms with a top speed of about 100 kms. The AI-based operating system can charge 80% of the vehicle in just 1 hour.

Yulu :

Yulu was founded by Amit Gupta, Naveen Dachuri, R.K.Mishra, and Hemant Gupta in the year 2017. The startup is based in Bangalore and offers rental electric mobility scooter, the Yulu Miracle and MMV and the electric bicycle.

The rental plan goes about Rs. 19 for a day. The product is powered by lithium-ion batteries that can go up to 5 kms and has the capability to swap batteries. 

Ather Energy :

In the year 2013, Ather Energy was founded by Swapnil Jain and Tarun Mehta. The company is backed by Sachin Bansal, Binny Bansal, Hero Motocorp, Tiger Global Investment, and InnoVen Capital. The company offers three products namely, Ather S340, 450, and 450X.

It costs around Rs. 1.5 lakh and has an LCD screen with Google Maps. The vehicles have a top speed of 90 kmph with a certified range of 116 kms.

OLA Electric :

OLA Electric was founded by Bhavish Aggarwal in the year 2017. The company is supported by Pawan Munjal Family Trust, SoftBank, Hyundai Motors, Kia Motors, and Matrix Partners India. It is based in Bangalore and offers products like the OLA scooters. 

They cost around Rs. 1.5 lakhs and have a top speed of 95 kmph with a certified range of 240kms on a full charge. 

Electric mobility is evolving and we should lend our hands to join the mission and make India an active contributor in the green industry and development. Business Outreach Magazine always aims to live by the true values of mankind and for the welfare of humanity.