Top EV Startups to Watch in India
India’s electric vehicle (EV) revolution is rapidly gaining momentum. Fueled by favorable government policies, increased environmental consciousness, and rising fuel costs, EV startups are rapidly becoming the drivers of innovation and sustainability within India’s transportation sector.
In this blog post, we highlight the leading EV startups in India that are reshaping the mobility landscape in 2025—whether through cutting-edge tech, cost-effectiveness, or green innovation.
- Ather Energy – The Trailblazer in Smart Electric Scooters
Founded: 2013 | HQ: Bengaluru
Ather is one of the earliest startups to introduce connected and powerful electric scooters to the Indian market. Their flagship models, the 450S and 450X, are noted for fast charging, smart dashboards, and robust build quality.Why Watch:
Pilot programs for swappable battery plans
Rapid expansion of the Ather Grid fast-charging network
Over 200+ experience centers across 100+ cities
- Ola Electric – From Ride-Hailing to an EV Powerhouse
Founded: 2017 (as a subsidiary of Ola) | HQ: Bengaluru
Ola Electric aims to bring electric mobility to the mainstream with high-speed scooters like the S1 Pro and S1 Air, and its ambitious FutureFactory, one of the world’s largest EV manufacturing hubs led by women.
Why Watch:
Aggressive pricing strategies and mass production
Upcoming expansion into electric motorcycles and cars
India’s first “all-women” EV factory
- Euler Motors – Electrifying Cargo Transportation
Founded: 2018 | HQ: Delhi NCR
Euler focuses on electric 3-wheelers designed for urban cargo transport. Its model, the Euler HiLoad EV, boasts the highest payload capacity in its segment.
Why Watch:
Strong B2B partnerships with Flipkart, BigBasket, and others
Targeting 20,000+ vehicle sales by 2025
Efficient telematics and fleet tracking capabilities
- BluSmart Mobility – India’s First All-Electric Ride-Hailing Service
Founded: 2019 | HQ: Gurugram
BluSmart is revolutionizing urban commutes with 100% electric cabs. Unlike Ola/Uber, BluSmart owns and manages its fleet, guaranteeing enhanced safety, cleanliness, and punctuality.
Why Watch:
1000+ EV cabs operating in Delhi-NCR and Bengaluru
A zero surge pricing policy, building customer trust
Backed by BP Ventures and Survam Partners
5. Battery Smart – Fueling EV Growth with Swapping
Founded: 2019 | HQ: Gurugram
Battery Smart is establishing India’s largest battery swapping network for electric 2- and 3-wheelers, addressing the challenges of charging time and battery degradation.
Why Watch:
1,200+ active swap stations
Secured $45M+ to expand across Tier 2 and 3 cities
Aiming for interoperability among various vehicle brands
- Yulu – Solving Urban Micromobility
Founded: 2017 | HQ: Bengaluru
Yulu’s electric bikes and scooters are solving short-distance urban travel needs through a tech-driven rental model. Its Yulu Wynn e-bike targets individual ownership, while Yulu Miracle is for public rental.
Why Watch:
Backed by Bajaj Auto and Magna
Rapidly growing shared mobility network in India
Strategic partnerships with metro systems and shopping malls
- Exicom Tele-Systems – Powering India’s EV Future
Founded: 1994 (EV arm expanded in 2018) | HQ: Gurugram
While not a traditional “startup,” Exicom’s EV charging solutions are essential to EV infrastructure. It offers both home and public fast chargers.
Why Watch:
Active projects with Tata Motors, MG, and government EV initiatives
Focus on DC fast chargers and swappable battery technology
Exporting to Southeast Asian markets
- Altigreen Propulsion Labs – Low-Carbon Logistics
Founded: 2013 | HQ: Bengaluru
Altigreen focuses on high-efficiency electric 3-wheelers designed for urban and semi-urban delivery, delivering impressive torque and mileage performance.
Why Watch:
Collaborations with Amazon and BigBasket
Manufacturing expansion in Telangana
100+ service centers planned
- EMotorad (EM) – Affordable Electric Cycles for All
Founded: 2020 | HQ: Pune
EMotorad produces performance e-bikes for fitness enthusiasts, city commuters, and rural users. Their pricing, rugged construction, and battery life set them apart.
Why Watch:
10+ models, including folding and mountain e-bikes
Growing international presence in the UAE, Japan, and Europe
Affordable EMI options driving sales in Tier 2/3 towns
ISIEINDIA – Empowering the Next Gen of EV Innovators
Though not a product company, ISIEINDIA is India’s top EV Lab and Training partner, providing thousands of students with hands-on EV training, simulation tools, and AI-integrated lab setups.
Why Watch:
Over 75+ EV labs established in colleges across India
Bridging the gap between industry needs and skill availability
Collaborating with central/state governments for green tech skill development
Conclusion
India’s EV ecosystem is becoming a reality. These startups are not just developing innovative vehicles but are also addressing key challenges related to infrastructure, affordability, and accessibility.
Whether you are an investor, student, EV enthusiast, or a conscientious commuter—closely monitor these companies. They are not just building businesses; they are contributing to a sustainable future for India.
