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EVs Tech in India

This Indian EV startup joins the EV market competition with a $4.9 million pre-series A

While India’s overall two-wheeler market has stagnated for many years, EV penetration has risen. In 2022, the sale of registered EV two-wheelers reached 6.15 million vehicles and is expected to grow at a strong compounded annual growth rate of 75-80% between 2022 and 2025, according to research by

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji
Updated
This Indian EV startup joins the EV market competition with a $4.9 million pre-series A
Photo by Amjith S / Unsplash

While India’s overall two-wheeler market has stagnated for many years, EV penetration has risen. In 2022, the sale of registered EV two-wheelers reached 6.15 million vehicles and is expected to grow at a strong compounded annual growth rate of 75-80% between 2022 and 2025, according to research by the India Rating & Research (Ind-Ra).

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji
Updated

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