Top 15 Electric Scooter Companies In India (2024)

India has witnessed a sudden surge in adoption of Electric scooters. The transition positions India as a key player in the Global Electric Vehicle market apart from promising a greener future. 

Existing innovators have inspired the Industry, paving the way for upcoming players as well. 

This article walks you through the best innovators of India’s Top 15 Electric Scooters and their products.   

List of Top 15 Electric Scooter Companies In India (The Ultimate List)

The Indian market is bustling with innovative electric scooter companies. Here’s a snapshot of the top 15 players:

A Walkthrough: Top 15 Electric Scooter Companies In India

While the innovators are the visionaries of the future of electric scooters, the robust support is their investors. 

They are the silent players fuelling the dreams and driving the ambitions of our key players. So here we are, catching up with snippets of each top player in the market. 

1. Ather

Ather Energy is an Indian electric firm that designs, manufactures, and sells high-performance smart electric scooters. 

With Investors like Hero MotoCorp and the Indian government’s NIIF, Ather has raised significant funding, fueling its expansion in the electric vehicle market.

Its prime product, Ather 450X’s sleek design and high performance, led the charge as a frontrunner in India’s Electric Vehicle revolution. 

2. OLA Electric

Ola Electric is known for revolutionizing urban mobility. Ola Electric’s S1 Pro stands out with its impressive range and performance. 

It aims to make India the global epicenter of the EV revolution by creating an ecosystem of products, services, and technology. 

Ola has also attracted significant investments from investors like Temasek and Matrix Partners, and is soon expected to launch their E-Bikes. 

3. TVS Motor

As the third-largest two-wheeler company in India by revenue, TVS is a key player in the EV industry as well. 

TVS Motor Company is investing heavily in its EV segment, planning a ₹1000 crore push to expand its electric vehicle portfolio. 

The very popular TVS iQube is a smart Electric scooter that combines practicality with performance is TVS’s family friendly scooter.

4. Hero Electric

Hero Electric aims to make electric vehicles more affordable and accessible to a wide range of people.

Hero Electric, is their Electric two-wheeler segment in India, with models like Photon and Optima.

They have also raised funds from Gulf Islamic Investments and OAKS Asset Management. 

5. Bajaj Auto

Bajaj Auto is an Indian multinational automotive manufacturing company. The iconic Chetak made a comeback as an electric scooter, combining Bajaj’s legacy with modern Technology. 

Baja Auto, a major player in the automotive industry, continues to invest in its electric vehicle division and is expected to launch new products soon. 

6. Okinawa

Okinawa Autotech is making waves with its range of electric scooters like the Praise and Ridge. It specializes in manufacturing affordable lithium-ion-powered electric scooters in India. 

It has secured funding on a mission to provide sustainable electric mobility solutions. 

7. Ampere

Ampere Vehicle stands out with its Magnus Scooter, which is known for its affordability and practicality. 

It is a semiconductor design company focused on high-performance, energy-efficient, cloud-native processors. 

Ampere Vehicles has attracted significant investment, including a notable $220 million Series B funding round led by Abdul Latif Jameel. 

8. Pure Ev

Pure EV, an Indian electric vehicle manufacturer, develops e-mobility and energy storage systems. “PURE EV” caters to mass consumers, emphasizing affordability and high-performance lithium batteries3.

The company has raised $8 million in its latest funding round from a consortium of investors. Pure EV’s Epluto 7G is a popular choice for its range and design. 

9. AMO Electric Jaunty

AMO Electric Jaunty offers powerful and energy-efficient electric scooters. The Jaunty e-scooter stands out with a range of 75-100+ kilometers on a single charge and a top speed of 25 km/h.

AMO Electric Jaunty is a sport-looking low-speed electric scooter. 

10. Simple Energy

Their Inspirer e-scooter features lithium convertible technology, quick charging, and impressive mileage

Simple Energy has secured $41.9 million in funding with investors like Ashwin Hinduja and Sandeep Wadhwa. 

The Simple One, a flagship scooter from Simple Energy, boasts a long range and fast acceleration and looks like a challenger for Ather.

11. Twenty-Two Motors

Known for the Flow Scooter, Twenty-Two Motors is an Indian electric vehicle manufacturer that focuses on smart, connected EVs. It combines environmental responsibility with an enjoyable riding experience.

The company has raised $66.6 million in funding with KYMCO as a lead investor. 

12. Vida V1

The Vida V1 comes with a modern design and plenty of features. Vida V1 is Hero MotoCorp’s first electric scooter, presented under a new electric mobility brand vertical called Vida. 

Hero Motor Corp, the largest two-wheeler brand in India has been the prime investor of VidaV1. The Hero Motor Corp has invested in positioning the Vida V1 Electric vehicle in the market. 

13. M2GO

Founded in 2019, M2GO is a brand that aims to reduce carbon footprints by up to 90% by powering their vehicles with lithium-ion batteries.

The M2GO is a high-speed, eco-friendly scooter with LED lighting, anti-theft alarms, and cost-effective commuting. Primarily, the M2Go has received investments from ACET capital. 

14. Avera

Avera RETROSA is the epitome of style and efficiency, making it a standout in the electric scooter market.

Avera is a regional health system with 315 locations across the Upper Midwest. 

Avera, part of Chandana Corp, is focused on developing electric scooters and has not disclosed its funding details publicly. 

15. Techno Electra

Hailing from Pune, the Techno Electra is known for its affordable and efficient electric scooters, like the Neo, designed for the urban commuter.

Techno Electra’s funding details are not publicly available, but the company continues to make strides in the electric vehicle space. 

Government Policies And Incentives

Electric scooter companies in India have received significant support from the government. Here are some snippets from their take on government support:

• The FAME II Scheme has increased Electric Vehicle sales and adoption rates. 
• The government encourages tax credits, exemptions, and improved infrastructure, which is beneficial for the companies to reach the masses. 
• Manufacturing Advanced Automotive Technology (AAT) products acquire incentives through the PLI scheme, which includes Electric Vehicles and their components. 

These policies and incentives have attracted various electric vehicle manufacturers into the market. A visible incline toward Electric Vehicle adoption has also been evident. 

Electric Scooter Company Buyers Guide

Discover the top electric scooter brands and models tailored for your daily commute or Tech-savvy lifestyle with these key features to empower your choice. 

1. For The Commuter

Here’s what you can consider as a Commuter:

• Long Range capabilities for extensive daily travel
• Quick charging times to reduce downtime.
• Reliability and low operating costs for regular use. 

2. For The Tech Enthusiast

Here’s what you can consider as a Tech enthusiast: 

• Advanced connectivity features such as GPS, Bluetooth, and app Integration.
• Smart features such as remorse diagnostics, battery management systems, and performance tracking.
• Innovative designs and cutting-edge technology that stand out in the market. 

The Future Roadmap

The future of the Electric Vehicle market in India is promising, considerably in the next five years. The horizon of Indian EV companies are looking forward to some new models in the market in 2024. 

• BGaussRUV350
• Jitendra Primo
• Lectrix EV LXS 3.0
• Yamaha Neo’s
• Kinetic Green Electric Scooter
• Gogoro 2 series
• Liger X
• Tork Electric Scooter
• LML Star

These upcoming models reflect the growing diversity and innovation in the electric scooter segment, promising to cater to vast preferences and needs.  

Related Posts:

• Types of Electric Vehicles (EVs) in India
• Electric Scooters Without License In India

Conclusion: EV Scooter Companies Are Growing In India!

The transition to electric mobility in India is more than a mere shift in consumer preference. It is a transformative revolution that aims for a sustainable future. 

The Electric scooter industry is heading toward a promising journey to redefine hassle-free transportation. 

Innovators are focused on sharing their best slice of glory with their riders in terms of reliability and adaptability.  

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