Wavemaker Partners’ Post

Accelerating India's Electric Vehicle Revolution! 🚀 The Indian EV market is poised to reach $110.74 Bn by 2029, driven by innovative startups and supportive government policies. 🌎⚡ Meet 64 EV startups making a difference in sustainable mobility, energy infrastructure, commercial mobility, and battery management systems. Some notable mentions include: ✨ Ather Energy ✨ Altigreen Propulsion Labs ✨ BluSmart ✨ Exponent Energy These startups offer affordable, eco-friendly alternatives to fossil fuels, reducing carbon emissions and promoting green transportation. 🌿 Let's celebrate India's EV success story and the entrepreneurs driving this change! 🎉 #ElectricVehicles #Sustainability #EVStartups #India #GreenTransportation #RenewableEnergy #Innovation #Startups #MobilitySolutions #EnergyInfrastructure #BatteryManagement #CarbonEmissions #FossilFuels

Gurugram-based EV ride-hailing startup BluSmart has raised Rs 200 crore (or approximately $24 million) in a pre-Series B funding round led by Zurich-based climate finance firm responsAbility Investments AG, Sumant Sinha of the Renewable Energy sector, and the MS Dhoni Family Office.  Existing investors and the company's founders also participated in the round. The funding comes more than a month after it announced its entry into the United Arab Emirates (UAE) with the campaign #RideSmartDubai. According to BluSmart, the raised capital will primarily be used for expanding its electric vehicle operations and developing comprehensive EV charging infrastructure in major Indian cities. “BluSmart is building an integrated energy-infrastructure, mobility and technology company to take full advantage of the EV revolution. Our latest fundraise of $24 million is an important step in our journey to scale the eMobility fleet and EV charging infrastructure,” said Punit Goyal, co-founder of BluSmart. BluSmart was founded in 2019 by Punit Goyal, Anmol Jaggi and Puneet Singh Jaggi with a modest fleet of 70 electric vehicles. Since then, the startup has expanded its fleet and now operates 7,500 BluSmart EVs across Delhi NCR and Bengaluru, Karnataka.  It claims to have achieved over half a billion electric kilometres, delivered more than 16 million electric trips, and saved nearly 40 million kilograms of CO2 emissions. Additionally, the company has created economic opportunities for around 9,800 driver partners in India. “The future of mobility is electric, and eMobility is a crucial step in making the shift to cleaner, emissions-free transportation. India’s growing economy and favourable policies provide ample impetus to this transition. I am excited to partner with BluSmart in their growth journey," said Sumant Sinha. BluSmart Charge, the company’s charging infrastructure arm, operates the largest EV charging network in India, comprising 50 EV charging hubs spread over 2 million square feet. The startup recently launched the 'BluSmart Charge app,' which provides public access to a seamless and reliable charging experience. Over the past year, BluSmart has shown substantial growth, crossing an annual revenue run rate of Rs 550 crore #startupnewsindia #NewsUpdate #startupindia #dailynews #dailynewspaper #news #newsfeed #newsupdate #indiadaily #newsdaily #startup #startupro #dailyupdates #indiadailynews #bluesmart #bluesmart #blusmartcabs #blusmartindia #msdhoni #msd

In this picture, you can see the Indian Railways Coach ladder. For Senior Citizens, as the age progresses it becomes very difficult to lift a leg even by few centimetres to get on the ladder and then to the Coach. As a result, lot of Senior Citizens suffering from this problem tend to avoid travelling by a train. And amongst this, forget them travelling by a State Transport bus. They are left with no choice but to travel by aa personal car. So, asking the Startup Community that is into Senior Citizen Hand Stick design....is it possible to design a mini-lift in the form of a stick, that can help them to get lifted and place them into the Railway Coach? If there are solution already into the market, have the Indian Railways been approached by them to start using it on the platforms? Picture Courtesy: Mint Website #seniorcitizens #seniorcare #startup #ideas

The rapid growth of the Indian EV market is projected to reach $110.74 billion by 2029. It mentions the significant market share of electric two-wheelers and the role of startups and government policies in this expansion. 👉 Electrification in India has seen exponential growth, with startups playing a crucial role in advancing sustainable mobility and energy infrastructure. 👉 Startups are not only contributing to the EV market but also aiding in the reduction of carbon emissions and providing alternatives to fossil fuels. 👉 Government policies have been instrumental in supporting the EV market's growth, as evidenced by the increasing number of electric two-wheeler registrations.

⚡ Powering the Future: 4 Clean Tech Portfolio Startups to Watch in 2024 ⚡ At We Founder Circle, our community is passionate about supporting innovative startups tackling global challenges. And in 2024, the fight against climate change remains at the forefront. That's why we're excited to highlight four of our cleantech portfolio companies making significant strides toward a more sustainable future: Zypp Electric: Revolutionizing urban mobility, ZYPP is India's largest electric shared mobility platform. Their EV-as-a-Service (EVaaS) model provides affordable and accessible electric vehicle options, reducing emissions and congestion in cities. BluSmart: Leading the charge in sustainable transportation, BluSmart offers India's first and only 100% electric ride-hailing service. Their focus on reliability and eco-friendliness is paving the way for a greener tomorrow. Kazam: Building the infrastructure for a seamless electric future, kazam is India's largest and most reliable electric vehicle charging station network. By making charging convenient and accessible, they're removing a key barrier to widespread EV adoption. Oben Electric: Disrupting the two-wheeler market, Oben Electric is on a mission to become the world's largest electric motorcycle OEM. Their innovative electric motorcycles offer performance, style, and sustainability, making them a compelling alternative to traditional gas-powered options. These are just a few of the many inspiring clean tech companies we're proud to support. We believe these startups have the potential to make a real difference in the fight against climate change, and we're excited to see them continue to grow and scale in 2024 and beyond. Stay tuned for more exciting updates from We Founder Circle. And if you're interested in joining our network and being part of the vibrant Indian startup ecosystem, visit https://bit.ly/JOIN_WFC. We'd love to welcome you! Global VC partner: Avinya Ventures Tech platform: Invstt WFC Leadership: Vikas Aggarwal | Gaurav VK Singhvi | Neeraj Tyagi | Deo Saurabh | Bhawna B. #cleantech #sustainability #electricvehicles #futureofmobility #impactinvesting #climatetech #climatechange #WeFounderCircle

The future of mobility in India's megacities is electric. BluSmart⁠, India’s #Uber-rival, is one of India's leading integrated electric ride-hailing and charging network operator. With over $200M raised, 7,000 EVs, 4,700 charging points, and 13.3 million zero-emission trips, BluSmart is revolutionizing transportation in a nation of 1.4 billion. Florian Dahlhausen and Shaneez Mohinani and I sat down with BluSmart’s visionary co-founder and CEO Punit K Goyal on this episode of Down to Zero, as he shares his journey from building solar power plants to leading the charge in decarbonizing mobility on a grand scale. Here are some highlights: 🚗 BluSmart's Vertically Integrated Model: Explore BluSmart's unique business model, the virtuous cycle of building both an electric ride-hailing platform and a charging infrastructure network, and how this integrated approach sets them apart in the competitive landscape. ☀ Sustainability at Scale: Learn how BluSmart is pioneering sustainability, such as when they went 100% EMISSIONS FREE by contracting 30 MW of solar power to power their entire charging network. 🌿 Building for Climate-Tech in India: Gain insights from Punit on the opportunities awaiting entrepreneurs in India's climate-tech scene, from financing EV infrastructure to pioneering battery recycling and long-range EV manufacturing. Links to the podcast in comments! 🛎 Subscribe to be the first to unlock new playbooks from leading experts on building successful climate-tech ventures. https://lnkd.in/gmECjDp7 #ClimateTech #Entrepreneurship #SustainableMobility #CleanEnergy#Innovation #BluSmart

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. #AtherEnergy #Bounce Infinity #EulerMotors #Zypp Electric - Last Mile Delivery Log 9 Materials LOHUM #startup #ev #electricvehicles #fundraising

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

Big improvements for India's road network ahead! Approximately 65% to 70% of freight in India is transported via road, highlighting the importance of infrastructure development projects. #ThinkLogisticsThinkCOGOS #startup #InfrastructureDevelopment #IndianHighways #Expressways #RoadTransport #India2022 #UrbanDevelopment #FutureOfTransport #EconomicGrowth #india

"Success For Indian EV Start-ups Depend On Local Innovation" Start-ups have played a crucial role in the rise of EVs globally and especially in India. When we talk about electric vehicles, there are more start-ups that are emerging not only in India but also in other countries. When compared, there are more start-ups in EVs space than big corporate brands in the automobile sector who have ventured into the space. Read More: https://shorturl.at/xEQX9 #IndianEVs #LocalInnovation #EVStartups #ElectricVehicleInnovation #StartupSuccess #InnovationEconomy #SustainableMobility #FutureOfMobility #TechInnovation #CleanEnergy #EV #Manufacture #NoPollution #GoGreen #GreenTech #RenewableEnergy #Entrepreneur #EntrepreneurIndia