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Driving Innovation: A Spotlight on the Top Electric Vehicle Companies
Innovation is the only thing that has helped humans live on this planet, make changes as required, and shape the world according to our necessities. As we grew older, necessities have increased. One such necessity is transportation.
Humanity has seen many modes of transportation, including air, road, and sea. If we talk about road transportation here, things started with animal-driven transportation, which used horses, bullocks, camels, yaks, and whatnot.
However, humans are known for their sharp and smart minds; we quickly shifted from animals to internal combustion engines (ICE) or gasoline-powered vehicles. We’ve been hearing, using, and experimenting with internal combustion engines since the 17th century.
The time has come to quickly shift from ICE to electricity-powered vehicles, known as EVs. Why?
It is because the humans living in a one-of-its-kind world, in the entire universe, started to exploit the world with ICE vehicles’ tailpipe emissions.
Electric vehicle companies in India
are emerging as the new face of the automobile industry in India. All the big players or ICE vehicle companies started quickly switching from manufacturing ICE vehicles to EVs and gained the new title of one of the top EV manufacturers in India.Therefore, the top EV manufacturers in India are growing because of their age-old research and development in ICE vehicles, which has boosted their go-to-market strategy and manufacturing and production plans.
Not only these age-old ICE vehicle companies but startups in the EV industry are also leaving their mark to contribute to the green mobility landscape.
What are these companies? Let’s find out.
Electric Vehicle Companies: Age-Old Players
TATA Motors
Tata Motors
, founded in 1945, was a locomotive manufacturer. Soon after nine years, in 1954. In a joint venture with Daimler-Benz, they developed a manufacturing facility in Jamshedpur for Daimler lorries.In 1991. TATA entered into the passenger vehicle category by introducing the TATA Sierra. And as they call it, the rest is history.
TATA Motors is known for building robust, economical, and trustworthy automobiles today. Their penetration into the electric vehicle industry has been quite intimidating for competitors.
With its innovation and robust EVs, TATA is considered one of the electric vehicle market leaders in the Indian electric car industry.
The following are some of the highly successful and widely accepted electric vehicles.
- TATA Nexon
- TATA Tiago
- TATA Tigor
Mahindra & Mahindra
Mahindra & Mahindra Limited (M&M) was founded in 1945 under the name of Mahindra & Mohammed. Mahindra Group deals in multiple businesses, and one of them is automobiles.
After several acquisitions in the tractor space, Mahindra acquired REVA electric car company and renamed it Mahindra Electric Mobility Ltd. Some of their iconic cars are Bolero, Scorpio, and Thar, and their major audience comes from rural India.
Recently, Mahindra launched its game plan for electric vehicles, which includes a super line-up of exciting and elegantly designed electric vehicles with a new logo.
Till now, Mahindra has offered one electric vehicle, XUV400.
However, apart from these two Indian-origin automotive manufacturers, major electric car manufacturers, including Hyundai, MG, Volvo, Mercedes, BMW, Audi, and others, are making the electric vehicle space more competitive.
Electric Vehicle Companies: New Players
Ola Electric
- Founded In: 2017
- Founders: Bhavish Aggarwal
- Funding Raised To Date: $1.3B
Bhavesh Aggarwal-led
Ola Electric
is one of the most dominating players in the Indian electric two-wheeler (E2W) industry. With its best-selling Ola S1 electric two-wheeler, India was introduced to a new chapter of electric mobility.Here is Ola Electric’s electric two-wheeler line-up.
- Ola S1 Pro
- Ola S1 Air
- Ola S1 X
And the future of motorcycling looks promising as the following are the expected electric two-wheelers from Ola Electric.
- Diamondhead
- Adventure
- Cruiser
- Roadster
Ather Energy
Founded In: 2013
Founders: Tarun Mehta, Swapnil Jain
Funding Raised To Date: $450.5M
The biggest competitor of Ola Electric,
Ather
, is one of the prominent electric players in India. With increasing electric vehicle investments in India, Ather has secured big investors.Ather’s electric vehicles are designed uniquely, providing users with an edgy, compact, modern look.
The following are the Ather’s offerings in E2Ws.
- Ather 450X
- Ather 450S
Ultraviolette Automotive
Founded In: 2016
Founders: Narayan Subramaniam, Niraj Rajmohan
Funding To Date: $53.8M
Ultraviolette Automotive
is developing India’s first ecosystem of high-performance electric vehicles and future-ready energy infrastructure. The founders started with a unique vision to produce top-of-the-line mobility solutions.The Ultraviolette F77 is the first Indian electric two-wheeler inspired by the aviation industry.
Ampere Vehicles
Founded In: 2008
Founders: Hemalatha Annamalai
Funding To Date: $200M
Apart from electric vehicles,
Ampere Vehicles
develops and produces smart energy management systems.BGauss
Founded In: 2020
Founders: Hemant Kabra
Funding Raised To Date: $520M
RR Global is behind the
BGauss electric two-wheeler
. On its website and offline stores, BGauss offers two electric scooters – C12 and B15.Revolt Motors
Founded In: 2017
Founders: Rahul Sharma
Funding Raised To Date: $1.5B
Revolt Motors
manufactures AI-enabled bikes – RV400 – with onboard charging and portable charging features.Conclusion
Every automotive and electric vehicle company is working towards providing the best alternative to ICE vehicles and a pool of innovation that leads the world to a secure, safe, and green environment. Therefore, India's electric vehicle landscape is evolving rapidly. The road ahead may be long, but it's undoubtedly electric.