Written By Puja Bhardwaj
In recent years, the electric vans have evolved from being an alternative option to being an essential part of the shift toward sustainable transport. Today, electric vans are considered an ideal option for shared mobility.
According to the recent report (Statista), “The global market for intra-city taxi hailing services is estimated to reach around US$229.98 Bn by 2030 globally, with over 2.34 Bn users of ride-hailing & taxi services. Out of 100 million passenger cars sold in a year, 10 to 15% are sold to the passenger fleet segment.
India’s electric vehicle (EV) market was valued at $34.8 billion in 2024; it’s expected to cross $120 billion by 2030, reflecting robust growth. The journey from USD 34 billion to USD 120 billion in less than a decade isn’t just a market forecast; it is a perfect reflection of the change in how cities, companies, and individuals are approaching mobility. And the EV innovation is going far; there is no doubt that electric vans will dominate.
The Asia Pacific region is defining the electric van boom; China, India, Japan, and South Korea are witnessing remarkable growth and revolution. The startups’ ventures in this market segment are thriving, and global giants are making huge investments. More importantly, consumer awareness about emissions is growing fast. Here, we have been discussing the top startup ventures in electric mobility.
BluSmart
Founded in 2018, BluSmart is renowned for making electric vehicles scale in India. The company presently has 8,500+ electric vehicles and 5,800+ charging stations. BluSmart is the brainchild of Punit Goyal, Puneet Jaggi, and Anmol Singh Jaggi; its key focus is to ensure maximum customer satisfaction. Hence, the company employed its drivers; there was no surge pricing, plus drivers received fixed salaries.
The business lesson from BluSmart’s story is that an infrastructure-first approach always beats a feature-first one. While their approach was smart, the company shut down in April 2025 after allegations of financial misconduct against the founders. Still, it is an impressive startup with an innovative model and a clear USP.
Battery Smart
Battery Smart is pioneering in battery swapping and electric mobility solutions. Its extensive network is able to handle 80,000 swaps daily. They have even partnered with Lilypad to sell battery-less two-wheelers in Delhi NCR, making EVs even easier to own.
Founded in 2019 by Pulkit Khurana and Siddharth Sikka, Battery Smart is making EVs practical, profitable, and accessible for millions of drivers. The company has recently partnered with Lilypad for selling battery-less two-wheelers and making EVs accessible.
Snap-E Cabs
Snap-E Cabs is among the few EV cab businesses in India that are scaling sustainably in India. The company is operating across 1,000 active charging points and is soon to support 1,000 more EVs. What makes Snap-E Cabs stand out is its approach to operate from the bottom up. There are no third-party dependencies. The company has its own vehicles; it runs its fleet and processes, removing all the third-party involvement.
Revolt Intellicorp
Intellicorp is an innovative EV venture founded by Micromax Co-founder Rahul Sharma. Claiming to manufacture India’s first AI-powered vehicles, Revolt Intellicorp’s facility holds the potential to manufacture up to 120,000 vehicles per year. While the world seems far from having self-driving vehicles for long distances without human intervention, Rahul is at the leading edge. His vision is to see every Indian household have access to sustainable mobility.
Sooorya EV
Sooorya EV, another innovative eMobility startup, envisions becoming a leading manufacturer of intracity passenger fleet vehicles. The company specialised in manufacturing 8-seater electric taxis, mainly for the ride-sharing segment in the emerging market.
The Future of Electric Vans
In the coming years, the concept of electric vans will not be just about vehicles; it will be about building a complete ecosystem. The government is supporting business initiatives in the market with subsidies, cities are moving with low-emission zones, and investors are investing heavily in innovation and charging infrastructure. Further, the fast-charging technology has emerged as a game-changer by cutting downtime for fleets. Overall, the electric mobility segment has excellent growth potential in the future, and there will be more initiatives and innovations on the road ahead.
