India’s Electric Vehicle Startup Landscape Report, 2025
India's electric vehicle market is on an unprecedented growth trajectory, poised to become a $132 Bn industry by 2030. Driven by rising fuel costs, government incentives, and increasing environmental consciousness, the sector has seen significant traction across two-wheelers, three-wheelers, and commercial fleets. While India has emerged as the world's third-largest automobile market, EV penetration is rapidly accelerating, particularly in urban and last-mile delivery segments. This report delves into India’s evolving EV ecosystem, exploring key trends, market dynamics, and the startups driving this revolution. It provides a comprehensive analysis of the funding landscape, charging infrastructure, and policy interventions shaping the sector. Additionally, it highlights the role of alternative energy solutions like ethanol and the rising influence of battery-swapping technologies.
