The surge in hybrid and electric vehicle sales in the full
calendar year of 2023 underscores a notable shift towards sustainable mobility,
reflecting evolving consumer preferences. Hybrid car sales reached a
record-breaking 82,607 units, surging over four times compared to 2022, while
battery-operated electric car sales nearly doubled to 81,710 units. This marked
the first instance where hybrid cars outsold electric cars annually, offering
valuable insights into changing consumer trends in sustainable mobility.
Driving
this transformation are innovative companies investing in advanced auto-tech
features to enhance electric vehicle appeal. This includes the development of
connected cars and integration of autonomous driving technologies, leveraging
cutting-edge advancements like artificial intelligence, Internet of Things, and
biometric systems. These efforts by companies dedicated to sustainable mobility
and electric vehicle adoption are reshaping the automotive landscape, paving
the way for a greener, more sustainable future.
We take a glance at start-ups playing a pivotal role in
driving sustainable mobility and electric vehicle adoption nationwide…
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· Revfin stands out in several aspects—offering
inclusive financial solutions to traditionally underserved and un-banked
customers, spearheading the sustainable mobility movement.
Revfin’s collaboration with
SUN Mobility is driving sustainable mobility in India. By offering innovative
financing solutions for electric vehicles (EVs), particularly through the
Battery-as-a-Service model, they’re making EVs more accessible and affordable.
Their focus on inclusive finance, such as the ‘Stree Shakti’ program empowering
women, and their use of AI-powered tools for quick loan processing,
demonstrates their commitment to advancing EV adoption. With over 50,000
E-rickshaws financed and loans extended to over 10,000 women, Revfin is not
only accelerating EV adoption but also promoting gender inclusivity and
financial empowerment. Their emphasis on responsible lending, including
IoT-equipped vehicles for monitoring, ensures sustainability in the EV
ecosystem. Overall, Revfin’s initiatives are propelling India towards a greener
and more inclusive future in transportation.
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· ARENQ, a prominent player in the sustainable mobility and
electric vehicle (EV) sector, is making strides with its innovative approach
and commitment to sustainability. Specializing in storage battery manufacturing
and distribution, the company demonstrates a proactive stance in accelerating
EV adoption nationwide. In a significant development, ARENQ is in strategic
discussions to supply electric vehicles to a major eCommerce conglomerate,
marking a milestone in their growth trajectory. This move not only underscores
ARENQ’s commitment to innovation but also signals a broader shift towards
embracing electric mobility.
Supported by a seasoned
leadership team and a state-of-the-art R&D facility, ARENQ is leading the
charge in developing solutions poised to transform not only the domestic market
but also the global landscape. Collaborations with industry leaders like Lucas
TVS highlight their commitment to advancing the EV segment, offering advanced
motors and controllers to OEMs. As sustainability gains traction, ARENQ emerges
as an influential player, reshaping the automotive market and contributing to a
greener future.
· Delta Electronics stands out as a key player
in accelerating the cause of sustainable mobility and electric vehicle (EV)
adoption in India.One of Delta’s significant contributions lies in its fast
charging solutions, enabling full charging within 2-3 hours, thus facilitating
convenient and efficient charging experiences for EV users.
Delta’s strategic
partnerships further underscore its commitment to driving sustainable mobility.
Collaborations with government organizations like MSEDL and BPCL establish
Delta as a preferred partner for the Indian government and distribution
agencies, facilitating the establishment of EV charging infrastructure across
the country. Additionally, partnerships with industry giants like TATA Power
for fleet operations and BluSmart for setting up charging hubs demonstrate
Delta’s efforts to support various facets of the EV ecosystem, from individual
users to fleet operators.
By providing reliable and
efficient charging solutions, Delta empowers consumers to embrace electric
vehicles with confidence, contributing to the broader goal of reducing carbon
emissions and promoting sustainable transportation.
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·
Electric vehicle (EV) adoption and
sustainable mobility are being spearheaded nationally by Sun Mobility. They are providing EV users with a seamless
solution by circumventing the limits of the charging infrastructure with their
inventive battery-swapping technology. Sun Mobility reduces range anxiety and
encourages the wider use of electric vehicles by making battery swapping at
automated stations simple and rapid.
Additionally,
Sun Mobility reduces the environmental effect of electric transportation by
incorporating renewable energy sources like solar power with their charging
infrastructure. Their efforts to collaborate with government agencies,
automakers, and other stakeholders are a testament to their commitment to
sustainability. Sun Mobility is leading a major movement in the direction of a
cleaner, greener future by promoting laws that are favorable of EV
manufacturing, encouraging EV manufacturing, and spreading knowledge of the
advantages of electric mobility.
· Founded
in 2013 by Tarun Mehta and Swapnil Jain, Ather
Energy has emerged as a front-runner in India’s electric vehicle (EV)
2-wheeler segment, prioritizing sustainable mobility. The company’s flagship
product, the Ather 450 electric scooter, quickly garnered attention for its
performance and advanced features, setting a new standard in the market.
A key development was the
establishment of the Ather Grid, a network of fast-charging stations,
effectively addressing the critical concern of range anxiety and paving the way
for wider EV adoption. Moreover, Ather Energy’s emphasis on indigenous technology
development not only strengthened the domestic EV industry but also showcased
India’s capabilities on the global stage.
Conclusion
The surge in hybrid and electric vehicle
sales underscores a significant shift towards sustainable mobility, driven by
innovative companies dedicated to advancing EV adoption nationwide. Start-ups
like Revfin, ARENQ, and Ather Energy, alongside established players like Delta
and Sun Mobility, are leading the charge by offering inclusive financial
solutions, innovative battery technologies, efficient charging infrastructure,
and collaborative initiatives with government agencies and industry
stakeholders.
Together, they are reshaping the
automotive landscape and paving the way for a greener, more sustainable future
in transportation.
