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Shipping partner chitchat5/21/2023 ![]() With better economics and growing popularity, aggregators can benefit from lower operational costs while also lowering the negative externalities of air pollution.Ĭoncerns of range anxiety and availability of charging infrastructure have produced innovative charging station and swapping station startups- two popular contenders that form the backbone of the acceleration toward e-mobility.Īnother exciting application of e-mobility and a mainstay is its applicability in logistics. Cab aggregators like Ola and Uber are moving to E.V.s and startups like BluSmart, an all-electric ride-hailing startup that has seen tremendous growth and raised a Series A from investors such as oil-giant B.P., 9 Unicorns, among others. space is slower than their counterparts, there is also room to hope. attention with startups such as Statiq, a charging infrastructure provider raising funds from YCombinator, Souq Ventures (Dubai) and BatteryPool raising from the Indian Angels Network (I.A.N.), among others. Generally full-stack solutions, the space has received much V.C. Models include establishing networks of 2-wheeler vehicle chargers across Kirana stores, Battery-as-a-Service and establishing charging stations across commercial and residential properties. getty Solving the Chicken-and-Egg ProblemĬoncerns of range anxiety and availability of charging infrastructure have produced innovative charging station and swapping station startups- two popular contenders that form the backbone of the acceleration toward e-mobility. Infrastructure to support a growing number of electric vehicles continues to evolve. Other startups such as Simple Energy and Darwyn are already delivering solid sales trends to customers across the industry. fund, said that Ola electric scooter sales in the first two days of their launch were at 85,000 to 1,00,000 vehicles in just two days. In a recent podcast, Nitin Sharma, Partner, Antler India, an early-stage V.C. The startup Ola Electric, a $2.7 bn sister company of the ride-hailing platform Ola Cabs (an alternative to Uber in India), recently rolled out their mid-market, high-quality electric scooters. Several Original Equipment Manufacturers (O.E.Ms) are catalyzing the transition toward E.V.s. Estimates of fuel, upfront, and maintenance costs indicate that electric 2-wheelers are 50% cheaper than their Internal Combustion (I.C.) Engined counterparts. What drives the economics is the lower Total Cost of Ownership (TCO) of electric 2-wheelers. More substantial growth is seen in the average buyer with the motive of owning economical and low-maintenance electric scooters at a decent price point which is a mainstay of the Indian consumer. Stemming from the ‘cool’ factor of owning an electric vehicle while also saving the environment, some people are buying premium electric bikes and cars. In addition to the MaaS model, retail consumers have a growing interest in purchasing electric scooters and electric four-wheelers.
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