The funding for Indian EV Tech startups has hit an all-time high in 2021. It has reached $ 444 million (INR 3,307 crore) covering more than 25 deals. Despite the covid situation, the funds are 255% higher than the year 2020. Furthermore, it is 125 higher than the year 2019, when the funds raised were about USD 397 million. The past two years have shown a surge in technology investments owing to the supportive government policies, increasing awareness for zero pollution products and rising petrol prices. Segments like manufacturing, grid work, battery tech, and installation of new public charging stations are luring investors who are eager to capture ground in this growing field.
Home » EV Fundings have reached an all-time high in 2021 as Investors have bet big on support systems