India’s mobility sector has witnessed a surge of innovative startups revolutionizing transportation and addressing critical challenges like traffic congestion, pollution, and inefficient public transport. Here’s a detailed look at the top 10 mobility startups in India, their inception, impact, and groundbreaking innovations.
1. Ola Cabs
- Founded: 2010
- Description: Ola is one of India’s largest ride-hailing companies, offering a range of services from cabs and auto-rickshaws to electric vehicles and bike taxis.
- Impact: Ola has significantly improved urban mobility by providing convenient and affordable transportation options. It has also expanded to international markets, showcasing India’s technological prowess globally.
- Innovation: Ola Electric focuses on creating an extensive EV ecosystem, including charging infrastructure and electric two-wheelers.
| Attribute | Details |
| Founded Year | 2010 |
| Location | Bengaluru, Karnataka |
| Funding | $4.3 billion |
| Stage | Late-stage |
| Investors | SoftBank, Tencent, Matrix Partners India, Temasek Holdings, Tiger Global Management, DST Global, Sequoia Capital India, Hyundai Motor Company, Kia Motors, Flipkart, Sachin Bansal, and others |
Also read: Top 10 HealthTech Startups in India
2. Bounce
- Founded: 2014
- Description: Bounce provides a dockless scooter rental service, allowing users to pick up and drop off scooters at any location.
- Impact: Bounce has reduced traffic congestion and pollution in cities by offering an affordable and eco-friendly alternative to private vehicles.
- Innovation: Bounce introduced electric scooters and developed a battery-swapping network to enhance the convenience and sustainability of their services.
| Attribute | Details |
| Founded Year | 2014 |
| Location | Bengaluru, Karnataka |
| Funding | $200 million |
| Stage | Series D |
| Investors | Accel, B Capital Group, Chiratae Ventures, Falcon Edge, Sequoia Capital India, Qualcomm Ventures, Maverick Ventures, Omidyar Network, InnoVen Capital |
Also read: Top 10 Agritech Startups in India
3. Rapido
- Founded: 2015
- Description: Rapido is a bike taxi service that connects commuters with bike riders through its app, offering a quick and cost-effective mode of transport.
- Impact: Rapido has provided employment opportunities for thousands of bike riders and addressed last-mile connectivity issues in urban areas.
- Innovation: The company has integrated AI and machine learning to optimize routes and improve user experience.
| Attribute | Details |
| Founded Year | 2015 |
| Location | Bengaluru, Karnataka |
| Funding | $310 million |
| Stage | Series A |
| Investors | WestBridge Capital, Nexus Venture Partners, Shell Ventures, Yamaha, Hero Group, Rapido’s founders |
Also read: Top 10 CleanTech Startups in India
4. Yulu
- Founded: 2017
- Description: Yulu is a shared micro-mobility service that provides electric bikes and bicycles for urban commuters.
- Impact: Yulu’s services promote green transportation and reduce the carbon footprint in cities. It also improves last-mile connectivity.
- Innovation: Yulu uses IoT technology for real-time tracking and managing its fleet, ensuring efficient operations and user convenience.
| Attribute | Details |
| Founded Year | 2017 |
| Location | Bengaluru, Karnataka |
| Funding | $100 million |
| Stage | Series B |
| Investors | Bajaj Auto, Blume Ventures, 3one4 Capital, Wavemaker Partners, Rocketship.vc, Green Frontier Capital, Magna International |
Also read: Top 10 GovTech Startups in India
5. Ather Energy
- Founded: 2013
- Description: Ather Energy designs and manufactures smart electric scooters, focusing on performance, design, and sustainability.
- Impact: Ather’s scooters have pushed the adoption of electric vehicles in India, helping to reduce air pollution and dependence on fossil fuels.
- Innovation: Ather scooters come with features like touchscreen dashboards, connected mobile apps, and over-the-air updates, making them highly advanced and user-friendly.
| Attribute | Details |
| Founded Year | 2013 |
| Location | Bengaluru, Karnataka |
| Funding | $140 million |
| Stage | Late-stage |
| Investors | Hero MotoCorp, Tiger Global Management, InnoVen Capital, Flipkart’s Sachin Bansal, Founder of Zoomcar Greg Moran |
Also read: Top 10 RetailTech Startups in India
6. Revolt Motors
- Founded: 2017
- Description: Revolt Motors manufactures AI-enabled electric motorcycles that offer an alternative to traditional petrol bikes.
- Impact: Revolt has contributed to the growing trend of electric vehicles in India, promoting cleaner and more sustainable urban transportation.
- Innovation: Revolt motorcycles come with features like customizable sounds, app-based controls, and real-time bike diagnostics.
| Attribute | Details |
| Founded Year | 2017 |
| Location | Gurgaon, Haryana |
| Funding | $150 million |
| Stage | Series B |
| Investors | RattanIndia, Micromax, Rajiv Bajaj, Hero MotoCorp, Binny Bansal, Chetan Maini |
Also read: Top 10 FoodTech Startups in India
7. BluSmart
- Founded: 2019
- Description: BluSmart is India’s first all-electric ride-hailing platform, offering zero-emission rides through its fleet of electric cars.
- Impact: BluSmart aims to reduce urban pollution and improve air quality by promoting the use of electric vehicles for daily commutes.
- Innovation: The platform ensures zero surge pricing and provides reliable, clean, and safe transportation with real-time tracking and customer support.
| Attribute | Details |
| Founded Year | 2019 |
| Location | Gurgaon, Haryana |
| Funding | $50 million |
| Stage | Series A |
| Investors | BP Ventures, Mayfield Fund, Survam Partners, LetsVenture, 9Unicorns, Mumbai Angels, Inflection Point Ventures, Venture Catalysts, AngelList, Blume Ventures |
Also read: Top 10 GovTech Startups in India
8. Vogo
- Founded: 2016
- Description: Vogo offers scooter rental services where users can pick up and drop off scooters at designated points across the city.
- Impact: Vogo provides a convenient and cost-effective solution for short-distance travel, alleviating traffic congestion and reducing pollution.
- Innovation: The company uses IoT-based keyless access for its scooters, enhancing user convenience and operational efficiency.
| Attribute | Details |
| Founded Year | 2016 |
| Location | Bengaluru, Karnataka |
| Funding | $120 million |
| Stage | Series C |
| Investors | Matrix Partners India, Stellaris Venture Partners, Kalaari Capital, ANI Technologies (Ola), Hero MotoCorp, LGT Lightstone Aspada, Alteria Capital |
Also read: Top 10 HealthTech Startups in India
9. Bounce Infinity
- Founded: 2018
- Description: A spin-off from Bounce, Bounce Infinity focuses on electric vehicles and battery-swapping technology to provide sustainable urban mobility solutions.
- Impact: Bounce Infinity is addressing the limitations of EV range and charging infrastructure, promoting the adoption of electric vehicles in urban areas.
- Innovation: The company’s battery-swapping stations allow users to quickly swap depleted batteries with fully charged ones, minimizing downtime and enhancing usability.
| Attribute | Details |
| Founded Year | 2018 |
| Location | Bengaluru, Karnataka |
| Funding | $110 million |
| Stage | Series C |
| Investors | Accel, B Capital Group, Chiratae Ventures, Falcon Edge, Sequoia Capital India, Qualcomm Ventures, Maverick Ventures, Omidyar Network, InnoVen Capital |
Also read: Top 10 Agritech Startups in India
10. SmartE
- Founded: 2014
- Description: SmartE operates electric rickshaws for last-mile connectivity in urban areas, aiming to provide a safe, affordable, and eco-friendly transportation solution.
- Impact: SmartE has improved last-mile connectivity, particularly in densely populated urban areas, while reducing pollution and creating job opportunities for drivers.
- Innovation: The company has developed a robust charging infrastructure and uses data analytics to optimize fleet operations and user experience.
| Attribute | Details |
| Founded Year | 2014 |
| Location | Gurgaon, Haryana |
| Funding | $30 million |
| Stage | Series B |
| Investors | Japan’s Mitsui & Co., LG Chem, JITO Angel Network, and others |
Also read: Top 10 CleanTech Startups in India
FAQs About the Top 10 Mobility Startups in India
Q: What stage is Ola Cabs in?
A: Ola Cabs is in the late-stage of its business lifecycle.
Q: What type of service does Bounce offer?
A: Bounce offers dockless scooter rental services.
Q: What service does Rapido provide?
A: Rapido provides bike taxi services.
Q: Who are the notable investors in Yulu?
A: Notable investors include Bajaj Auto, Blume Ventures, and Wavemaker Partners.
Q: Name some key investors in Ather Energy.
A: Key investors include Hero MotoCorp, Tiger Global Management, and Sachin Bansal.
Q: Who are some of the investors in Revolt Motors?
A: Investors include RattanIndia, Micromax, and Rajiv Bajaj.
Q: Can you list some investors in BluSmart?
A: Investors include BP Ventures, Mayfield Fund, and Survam Partners.
Q: Name some major investors in Vogo.
A: Major investors include Matrix Partners India, Stellaris Venture Partners, and ANI Technologies (Ola).
Q: Who are the key investors in Bounce Infinity?
A: Key investors include Accel, B Capital Group, and Chiratae Ventures.
Q: Who are some of the notable investors in SmartE?
A: Notable investors include Mitsui & Co., LG Chem, and JITO Angel Network.
Also read:
Top 10 HealthTech Startups in India
Top 10 Fintech Startups in India
Top 10 Agritech Startups in India
Top 10 CleanTech Startups in India
Top 10 InsurTech Startups in India
Top 10 GovTech Startups in India
Top 10 RetailTech Startups in India
Top 10 PropTech Startups in India
Top 10 FoodTech Startups in India
