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Graphic of the Day: Record $47 million boost in 2024 powers India's EV

Funding for electric vehicle startups in India hit a record high in 2024, driving investor confidence despite fewer deal rounds

By Samreen Wani
Last Updated: Aug 14, 2025, 11:56 IST1 min
India’s EV startup ecosystem hit a milestone in 2024 with record funding of $47 million, even as the number of deals declined. The trend highlights investor confidence in the sector’s long-term potential. Here’s how funding has evolved over the years.
India’s EV startup ecosystem hit a milestone in 2024 with record funding of $47 million, even as the number of deals declined. The trend highlights investor confidence in the sector’s long-term potential. Here’s how funding has evolved over the years.

First Published: Aug 14, 2025, 11:56

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