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E2-wheelers on right growth path
April 05, 2025
|Financial Express Lucknow
TWO-WHEELER VEHICLES for last-mile delivery will achieve complete electrification within five years, while heavy commercial vehicles will be the last segment to transition away from internal combustion engines (ICE), according to Kunal Khattar, founder of mobility-focused venture capital firm AvantEdge Founders.
Khattar is also an early investor in companies, including Rapido, Zingbus, Exponent Energy, Park+, Baaz, and Shuttl, amongst others.
"Three-wheeler cargo has been the fastest in EV adoption. Two-wheeler for last mile delivery will probably be 100% electric in the next five years," Khattar said in an interaction with FE on the sidelines of Startup Mahakumbh, outlining a clear hierarchy in India's EV transition.
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