Business
Diwali just got over, and following the fatal trend of smog in the nation's capital for the past five years, it is here again.It is alarming to recognize that India is home to 7 of the top 10 cities globally, notorious for its air pollution levels.With increasing incomes, more and more people can afford cars, increasing the severity of the already worse air pollution scenario due to fossil fuels.All this emphasizes the need for greener transportation alternatives. Despite the bad news, we have several large companies and startups leading the way to clean modes of travel, be it the prominent players like Tata Motors, MG, and Hyundai or the startups like Ola Electric, Ather Energy, Yulu, and Blu Smart, among others.In today's episode, we've brought Arpit Agarwal, Director at Blume Ventures, to talk about the current scenario of EV startups in India. During the episode, Arpit talks about the various challenges and opportunities for EVs in India, some of Blume's portfolio companies, how they contribute to India's EVs revolution, and much more.Notes - 02:40 - Future of EVs in general06:01 - Adoption by TCO positive segments07:25 - 5-year use case of an electric scooter10:13 - Key challenge in EV market17:22 - Challenge with charging stations24:30 - Opportunities for EV in India under various sub-segments32:53 - Large players engaging with the EV ecosystem34:12 - Funding & duration of developing an EV from scratch37:28 - Future of mobility C.A.S.E.