Investments in EVs
- A cumulative investment of over INR 12.5 trillion in vehicle production and charging infrastructure would be required until 2030 to meet India ’ s EV ambitions.
- Inspite of 2020 being a rough year for businesses, a few EV startups saw a rise.
- Euler Motors raised INR 200 Mn from Inventus Capital India as a part of its ongoing Series A funding.
- Yulu, the micro-mobility service provider announced in 2020 that Rocketship VC invested ₹300 million in the company.
- TVS Motors acquired a stake of 29.48% in the EV startup Ultraviolette through a funding of INR 300 Mn
- Ather Energy was the biggest funding recipient among Indian EV companies in 2020, with two huge deals raking in a total of INR 3.423 billion.
