#evstartups

India’s EV revolution is being shaped not just by large OEMs, but by a dynamic wave of startups building the real ecosystem—from last-mile mobility solutions to charging infrastructure and battery innovation. Across segments like battery-as-a-service, EV financing, and charging networks, these startups are solving critical adoption barriers such as affordability, accessibility, and range anxiety, while enabling scalable and sustainable growth.

Saurav Kumar, founder and CEO of Euler Motors, many EV start-ups are investing heavily in technology and manufacturing but remain unable to qualify for the scheme because of strict financial thresholds. He emphasized that start-ups play a crucial role in driving innovation in the rapidly growing electric vehicle sector.

#HalaMobility has successfully raised ₹12.25 crore in equity and debt funding to scale its FOCO (Franchise Owned, Company Operated) model and proprietary HELIX EV framework, reinforcing its EV-as-a-service offering that integrates manufacturing, operations, analytics and recycling — with plans to expand its fleet, grow revenues, support more drivers and accelerate India’s sustainable logistics transition.

In 2025, a new wave of Indian startups redefined what EV ownership means by making electric mobility more accessible, affordable, and practical — from innovative leasing and flexible financing solutions to battery-as-a-service models that lower upfront costs and unlock EV adoption for individuals, fleets, and businesses alike.

Sahil Jindal, MD of the Jindal Group, along with three co-founders, has launched Trevel — a premium all-electric cab-hailing service in Gurugram. With luxury EVs, trained chauffeurs, and plans to scale to 500 vehicles by 2026, Trevel blends sustainability with a high-end travel experience.