Monitor Eco-friendly vehicles with the Best EV charging app
                     Energy Bite
EV Charging Solution
EVs make a splash in commercial segment
Despite a host of incentives offered by the Centre and the state governments, the 
uptake of electric vehicles in the country is not picking up significantly. But the 
good thing is in the commercial arena, EVs are making a big splash. Those who are 
responsible for pushing these are some start-ups, which are promoting these eco-
friendly vehicles among the corporates.
Passenger vehicles (PV) segment hasn’t seen much of a switchover to electric 
alternative in the country considering the high cost of EVs along with almost non-
existent charging infrastructure. However, the commercial space is witnessing a 
healthy increase with the utilisation of these eco-friendly vehicles in B2B and B2C 
markets.
(A recent report by KPMG India and CII is highly relevant in this regard. The report, 
‘Shifting Gears: The evolving electric vehicle landscape in India’, said since the 
running cost of EVs is much lower than ICE vehicles (one-tenth for 2W and 3W), a 
strong case emerges for a shift to EVs in B2B. Many large B2B players in e-
commerce have moved into advanced stages of deployment of EVs, said the 
report).
● Of late, many start-ups have popped up across the country to promote 
electrification of vehicles. Lithium Urban Technology (LUT), is one such start-up 
based in Bengaluru.
● BluSmart, another start-up based in New Delhi, is the country’s first on-
demand electric taxi service. Most its fleet includes all-electric e-Veritos, a new 
offering from Mahindra & Mahindra.
● India is among the countries with the maximum number of cars sold and the 
number keeps rising at the rate of 3,00,000 cars per month, including both the 
passenger and commercial vehicles.
● Besides posing a threat to environment, the vehicular boom is also putting a 
drain on the exchequer. India has to import almost $100 billion worth of oil to 
meet the demand.   
Of late, many start-ups have popped up across the country to promote 
electrification of vehicles. Lithium Urban Technology (LUT), one such start-up based 
in Bengaluru, provides electric cab services to the corporates. Many companies 
have collaborated with it to reduce their carbon footprints while helping their 
employees commute. 
The services of this Bengaluru start-up are now available in other cities across the 
country, like Gurugram, Noida, Jaipur, Hyderabad, Mumbai, Pune and Manipal. LUT 
has also raised over $20 million in investment recently.
BluSmart, another start-up based in New Delhi, is the country’s first on-demand 
electric taxi service. Most its fleet includes all-electric e-Veritos, a new offering from 
Mahindra & Mahindra. Recently, BluSmart also launched its BluSmart wallet for 
contactless payment. Aiming to increase its fleet size to 5,500 in Delhi-NCR by the 
end of 2020, BluSmart is adding one car every 12 hours to its fleet.
According to reports, the Government’s policy think-tank NITI Aayog is planning to 
make it mandatory for cab aggregators like Uber and Ola to make 40 per cent of 
their fleet electric by 2026.
India is among the countries with the maximum number of cars sold and the 
number keeps rising at the rate of 3,00,000 cars per month, including both the 
passenger and commercial vehicles. As a result, the pollution levels are also rising 
at an exponential rate. Automobiles are one of the biggest contributors to pollution, 
which in turn is responsible for aggravating the climate crisis. The Particulate 
Matter (PM2.5) levels in India have reached an alarming level. Besides posing a 
threat to environment, the vehicular boom is also putting a drain on the exchequer. 
India has to import almost $100 billion worth of oil to meet the ever-increasing 
demand of the consumers.
To address these issues, the Government is aggressively promoting 
electric vehicles in the country. Both the Centre and the state governments are 
providing tax rebates and subsidies to the automobile Industry and the consumers 
to boost the sale of EVs. Though the uptake of EVS in the PV segment is taking time 
to accelerate, it’s encouraging to note that the commercial arena is heating up. 
India surely needs more start-ups like Lithium Urban Technology and BluSmart to 
come up and offer all-electric, sustainable and reliable urban mobility solutions.
About Energy Bite
Energy Bite envisages developing products and solutions in building smart Electric 
Vehicle battery chargers incorporating strong interactive features that enrich 
consumer experience through user-friendly applications and customizable 
dashboards.
Source: 
https://www.energybite.co.in/blog-post/evs-make-a-splash-in-commercial-segment/ 
Contact Energy Bite
Mo: +91 9643860696
Email: [email protected] 
Thank You