While government incentives played a key part in the business plans of most EV start-ups, Bengaluru-based Altigreen strove to ensure that its three-wheelers make sense even without incentives, a strategy that is paying off now.
In the heart of Bengaluru, India’s tech capital, a revolution is quietly unfolding. Amidst the cacophony of startups vying for attention in the burgeoning electric vehicle (EV) market, one company is standing out with its unique approach and unwavering commitment to sustainable mobility. Altigreen Propulsion Labs, a homegrown EV startup, is not just surviving but thriving in the competitive world of electric three-wheelers, proving that with the right mix of innovation, adaptability, and foresight, it’s possible to turn challenges into opportunities. The Electric Surge and Its Aftermath India’s electric three-wheeler industry has witnessed an unprecedented boom in recent years. In FY24, sales skyrocketed …