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regular-article-logo Tuesday, 28 May 2024

Start-ups aid green energy transition in automotive sector through customised solutions

The surge in hybrid and electric vehicle (EV) sales in the calendar year of 2023 underscores a notable shift towards sustainable mobility, reflecting evolving consumer preferences

Our Special Correspondent Calcutta Published 22.04.24, 06:22 AM
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Several start-ups are aiding the green energy transition in the automotive sector by providing customised solutions, including finance and tech products, for the adoption of green mobility.

The surge in hybrid and electric vehicle (EV) sales in the calendar year of 2023 underscores a notable shift towards sustainable mobility, reflecting evolving consumer preferences.

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Hybrid car sales reached a record-breaking 82,607 units, surging over four times compared with 2022, while battery-operated electric car sales nearly doubled to 81,710 units. This marked the first instance where hybrid cars outsold electric cars annually, offering insights into changing consumer trends in sustainable mobility.

Start-ups are driving this transformation by investing in advanced auto-tech features that enhance the electric vehicle experience. The features include the development of connected cars and the integration of autonomous driving technologies that leverage artificial intelligence (AI), the Internet of Things, and biometric systems.

Start-ups such as Revfin, Arenq, Ather Energy, Delta Electronics and Sun Mobility are leading the charge by offering inclusive financial solutions, innovative battery technologies and efficient charging infrastructure.

Revfin offers financial solutions to traditionally underserved and unbanked customers, while Arenq specialises in storage battery manufacturing and distribution. Delta Electronics offers fast charging solutions and Sun Mobility has made battery swapping at automated stations simple and rapid.
Ather Energy has set up Ather Grid, a network of fast-charging stations.

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