Top Homegrown EV Startups Driving India’s Sustainable Transport Future

India's electric vehicle (EV) startup scene is booming, driven by government support, increasing environmental awareness, and a growing market demand for sustainable transportation. These startups are at the forefront of innovation, developing solutions for charging infrastructure, battery technology, and affordable EVs, helping India transition towards a cleaner, greener future.

1. Ather

Ather Energy, founded in Bengaluru in 2013 by Tarun Mehta and Swapnil Jain, is a leading Indian electric two‑wheeler manufacturer Known for its smart scooters. Ather 450X, 450S, and the family-friendly Rizta it operates production plants in Hosur and Whitefield, and a fast‑charging network via Ather Grid. The 2025 upgrades to the 450 series introduced advanced features like multi‑mode traction control, MagicTwist braking, and extended TrueRange™, priced from ₹1.29 lakh. The Rizta, launched April 2024, recently surpassed 100,000 lifetime sales and helped boost Ather’s e‑scooter market share to 15% in Q4 FY2025. In June 2025, Ather went public and is expanding its retail footprint to 700 outlets by March 2026 doubling its presence today to support ongoing growth

2. Ola

Founded in Bengaluru by Bhavish Aggarwal in 2017, Ola Electric is India’s top electric two‑wheeler maker, headquartered at its “Future Factory” near Krishnagiri, Tamil Nadu. As of FY 2025, it sold 344,005 units about a 30% EV market share driven by its S1 Gen 3 scooters and expanding network of 4,000+ stores. After its August 2024 IPO, Ola launched the Roadster X electric motorcycle (₹1–2 lakh) in May 2025 and began expanding into new segments. It’s also aggressively growing sales and service reach, targeting 10,000 partner outlets by end‑2025. Despite a widened Q4 FY25 loss (~₹870 crore), it’s focusing on capital discipline and risk management. In mid‑June 2025, Ola rolled out a 0% commission model nationwide letting 1 million+ drivers retain full fares with potential stock‑market impact.

3. Enigma EV

Founded in Bhopal in 2015 by Anmol Bohre, Enigma Automobiles is an emerging Indian EV startup focused on affordable electric two-wheelers. Its lineup includes high-speed models like Ambier N8, GT 450, and Crink V1, as well as low-speed RTO-approved scooters. Enigma’s Bhopal plant has a production capacity of over 12000  units annually, with a retail footprint spanning 100+ dealerships across 18 states. It has also begun in-house battery assembly and plans to launch AI-enabled smart scooters by FY2026. With a focus on tier-2 and tier-3 cities, Enigma is targeting 30,000 annual unit sales by FY27

4. Euler Motors

Founded in Delhi in 2018 by Saurav Kumar, Euler Motors specializes in electric commercial vehicles, starting with its popular HiLoad EV three‑wheelers now operating in 26+ cities. In August 2024, it launched a ₹100 crore Palwal (Haryana) facility with a 36,000‑unit annual capacity, complete with R&D, automated assembly, and real-world testing labs. More recently, it expanded into four‑wheeler SCVs with its ADAS‑equipped Storm EV lineup, featuring payloads up to 1,250 kg and ranges between 140 km and 200 km. In May 2025, Euler closed a ₹638 crore Series D round led by Hero MotoCorp (with BII and others), boosting its valuation to ~$176M and fueling network, product, and R&D expansion