Business Standard

EV start-ups feel the spark of recovery, kick-start post-pandemic biz plans

Overall, the past year has forced the EV industry to think differently in terms of so­u­rcing components

Electric Vehicle, EV, e-vehicles
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‘There is a much lar­ger perch to create components locally which will ultimately make long-term adoption of EVs successful. Diversification of nations for sourcing components is important’

Jyoti Mukul New Delhi
Though electric vehicles are clearly the flavour of these climate-change challenged times, Covid-19 infected sales, just as it did with conventional automobiles. This pandemic-induced slowdown, when business growth was virtually zero, presented challenges not just for e-vehicle makers but also the many start-ups that had developed within the ecosystem to provide a range of services — from funding and research facilities to taxi fleet operations and battery-charging services. How are they doing with the recovery?

“The past 12 months have posed the toughest challenges for the entire urban mobility sector. It challenged the viability and health of urban mobility across

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