The Rise of Electric Mobility and Innovative Startups in India
June 25, 2025, 6:55 pm
Location: India, Delhi, New Delhi
Employees: 51-200
Founded date: 2016
Total raised: $18M
In the bustling landscape of Indian startups, a wave of innovation is reshaping industries. Electric mobility, textile manufacturing, food and beverage, medtech, and education are all witnessing a surge in funding and growth. This article explores the latest developments in these sectors, highlighting the startups that are driving change and attracting significant investments.
Evera Cabs is at the forefront of the electric mobility revolution. This Delhi-based taxi service has secured $4 million from Mufin Green Finance. The funding will bolster its fleet of all-electric vehicles, aiming to redefine urban transport. Evera operates primarily at Indira Gandhi International Airport, catering to both corporate clients and individual travelers. Their model emphasizes sustainability, offering a cleaner alternative to traditional taxis. With a "No Cancellation, No Surge" policy, they promise reliability and transparency. This investment is not just about expansion; it’s a strategic move to reshape the electric vehicle (EV) landscape in India.
Evera's journey began in 2019, founded by a trio of visionaries. Their mission is clear: to lead the charge in sustainable transport. Recently, they acquired 500 EVs from BluSmart, a competitor that paused operations. This acquisition strengthens Evera's position in the market, allowing them to expand their services across all terminals at Delhi airport. The integration of BluSmart's fleet is a significant step toward enhancing their customer experience.
Meanwhile, the textile industry is witnessing a transformation through startups like Fantail. Based in Surat, this B2B textile company has raised $1.6 million in seed funding. The funds will be used to invest in local weavers and mills, enhancing the quality and efficiency of production. Fantail specializes in man-made fabrics, catering to the fashion retail sector. Founded in 2023, the company aims to streamline operations and expand its team. With a focus on technology and design, Fantail is poised to make a mark in the competitive textile market.
In the realm of food and beverage, Skippi is making waves with its ice pops. The brand has raised ₹12 crore in an extended pre-Series A round, led by a Dubai-based family office. Skippi’s journey began in 2021, and it has quickly gained traction, now available in over 20,000 retail outlets. The funding will support brand growth and product innovation, with plans to expand into the Middle East. Skippi's success story is a testament to the growing demand for innovative food products in India.
On the medical technology front, Innovodigm is tackling global immunization challenges. This Kolkata-based startup has raised ₹5.5 crore to develop its patented Microneedle Array Patch. This needle-free vaccine delivery system aims to address issues like cold-chain failures and sharps waste. Founded in 2020, Innovodigm is focused on optimizing processes and scaling infrastructure to prepare for clinical trials. Their innovative approach could revolutionize vaccine delivery, making it more accessible and efficient.
Education is another sector ripe for innovation, with platforms like Kruu leading the charge. This Chennai-based skilling platform connects students with global experts. Kruu has raised ₹1 crore in a bridge round, bringing its total funding to $1.25 million. The platform aims to help students develop real-world skills through guided projects. With a community of over 470,000 students, including 130,000 paying users, Kruu is expanding its reach beyond India to countries like the UAE and Malaysia. Their focus on practical learning is reshaping how education is delivered.
The startup ecosystem in India is vibrant and diverse. Each of these companies is a piece of a larger puzzle, contributing to the country's economic growth. The infusion of capital into these startups is a clear indicator of investor confidence in India's potential. As these companies scale, they not only create jobs but also drive innovation across various sectors.
The rise of electric mobility is particularly noteworthy. As cities grapple with pollution and traffic congestion, solutions like Evera Cabs offer a glimpse into a sustainable future. The integration of technology in traditional industries, such as textiles and food, showcases the adaptability of Indian entrepreneurs. Meanwhile, the focus on healthcare and education highlights the pressing need for innovative solutions in these critical areas.
In conclusion, the Indian startup landscape is a dynamic arena where innovation thrives. Companies like Evera, Fantail, Skippi, Innovodigm, and Kruu are not just raising funds; they are redefining their industries. As they continue to grow, they will play a crucial role in shaping the future of India’s economy. The journey is just beginning, and the potential is limitless. The future is electric, innovative, and full of promise.
Evera Cabs is at the forefront of the electric mobility revolution. This Delhi-based taxi service has secured $4 million from Mufin Green Finance. The funding will bolster its fleet of all-electric vehicles, aiming to redefine urban transport. Evera operates primarily at Indira Gandhi International Airport, catering to both corporate clients and individual travelers. Their model emphasizes sustainability, offering a cleaner alternative to traditional taxis. With a "No Cancellation, No Surge" policy, they promise reliability and transparency. This investment is not just about expansion; it’s a strategic move to reshape the electric vehicle (EV) landscape in India.
Evera's journey began in 2019, founded by a trio of visionaries. Their mission is clear: to lead the charge in sustainable transport. Recently, they acquired 500 EVs from BluSmart, a competitor that paused operations. This acquisition strengthens Evera's position in the market, allowing them to expand their services across all terminals at Delhi airport. The integration of BluSmart's fleet is a significant step toward enhancing their customer experience.
Meanwhile, the textile industry is witnessing a transformation through startups like Fantail. Based in Surat, this B2B textile company has raised $1.6 million in seed funding. The funds will be used to invest in local weavers and mills, enhancing the quality and efficiency of production. Fantail specializes in man-made fabrics, catering to the fashion retail sector. Founded in 2023, the company aims to streamline operations and expand its team. With a focus on technology and design, Fantail is poised to make a mark in the competitive textile market.
In the realm of food and beverage, Skippi is making waves with its ice pops. The brand has raised ₹12 crore in an extended pre-Series A round, led by a Dubai-based family office. Skippi’s journey began in 2021, and it has quickly gained traction, now available in over 20,000 retail outlets. The funding will support brand growth and product innovation, with plans to expand into the Middle East. Skippi's success story is a testament to the growing demand for innovative food products in India.
On the medical technology front, Innovodigm is tackling global immunization challenges. This Kolkata-based startup has raised ₹5.5 crore to develop its patented Microneedle Array Patch. This needle-free vaccine delivery system aims to address issues like cold-chain failures and sharps waste. Founded in 2020, Innovodigm is focused on optimizing processes and scaling infrastructure to prepare for clinical trials. Their innovative approach could revolutionize vaccine delivery, making it more accessible and efficient.
Education is another sector ripe for innovation, with platforms like Kruu leading the charge. This Chennai-based skilling platform connects students with global experts. Kruu has raised ₹1 crore in a bridge round, bringing its total funding to $1.25 million. The platform aims to help students develop real-world skills through guided projects. With a community of over 470,000 students, including 130,000 paying users, Kruu is expanding its reach beyond India to countries like the UAE and Malaysia. Their focus on practical learning is reshaping how education is delivered.
The startup ecosystem in India is vibrant and diverse. Each of these companies is a piece of a larger puzzle, contributing to the country's economic growth. The infusion of capital into these startups is a clear indicator of investor confidence in India's potential. As these companies scale, they not only create jobs but also drive innovation across various sectors.
The rise of electric mobility is particularly noteworthy. As cities grapple with pollution and traffic congestion, solutions like Evera Cabs offer a glimpse into a sustainable future. The integration of technology in traditional industries, such as textiles and food, showcases the adaptability of Indian entrepreneurs. Meanwhile, the focus on healthcare and education highlights the pressing need for innovative solutions in these critical areas.
In conclusion, the Indian startup landscape is a dynamic arena where innovation thrives. Companies like Evera, Fantail, Skippi, Innovodigm, and Kruu are not just raising funds; they are redefining their industries. As they continue to grow, they will play a crucial role in shaping the future of India’s economy. The journey is just beginning, and the potential is limitless. The future is electric, innovative, and full of promise.