RabindraOn the occasion of World EV Day, centered around the themes of “Driving change together” and *”Promoting sustainable emobility”*, we are enthusiastic about sharing our insights with you.
Please find enclosed the following quotes on behalf of Lohum & Snap E Cabs
Mr. Namit Jain , Co-founder & CEO, Rupyy part of CarDekho Group
‘As we commemorate World EV Day, we’re reminded that we stand at a pivotal juncture akin to the early days of the internet—globally symbolized by Tesla’s transformative impact and Europe’s robust green policies. In India, the two-wheel electric vehicle sector has exhibited a robust growth of 60% in H1CY23, capturing a 7% market share from just 1% two years prior. While challenges persist—ranging from high initial costs to infrastructural gaps—the landscape is ripe for disruption. One such avenue is the evolving fintech sector, which is playing an increasingly significant role in EV adoption by streamlining financing options. From a 30% to 40% surge in EV financing penetration in recent months, fintech innovations are effectively democratizing access to electric mobility. Supported by government initiatives, technological breakthroughs, and financial ingenuity, we are confident that India is steering towards a sustainable and electrified future’
Mayank Bindal, Founder & CEO, Snap E Cabs
In most other companies helping the planet by adopting sustainable practices is undertaken by the CSR wing; While the intent is strong, sometimes execution falters as the goals fail to percolate across the company in a consistent way. However, at Snap-E it would be fair to say that the entire company has imbibed the CSR ethos; We believe that solving some of the most pressing transportation problem for our customers in a profitable way & leading the way to help adopt sustainable practices and helping the planet are not 2 different goals: there are one and the same;
With about 400+ cabs (all 100% EV) in operations, Kolkata based Snap-E is among the largest EV Cab fleet owners in the country. The entire team at EC Wheels Private Limited, which operates under the Snap-E brand in the city of Kolkata, is literally working day and night to ensure that not only do we provide an on-demand, easy to use app based solution for the transportation needs of tens of thousands of customers during the daytime but also ferry additional thousands of employees & executives of large corporates and software companies from their home to their offices during the night
The team believes that we are not just driving the change – we are the CHANGE!
Rajat Verma,Founder & CEO, Lohum
This World EV Day, we at LOHUM applaud the Government of India for introducing legislative clarity early, admire the EV ecosystem for unforeseen levels of innovation, and are inspired by consumers for being fast adopters, tolerating uncertainties in the interest of a clean and green Earth. India can look forward to a decade of transformative impact powered by breakthroughs in EV sector technology, scale, and circularity.
LOHUM’s activities are driving change by building a sustainable supply of energy transition materials. By pioneering solutions that turn EV battery and critical material waste into virtually infinite value, we pace toward a future that makes full use of its resources and takes accountability for our planet.
Mr. Ketan Mehta – Co Founder & CEO, HOP Electric Mobility
Global climate concerns have been driving nations toward sustainability. India’s pledge for carbon neutrality by 2070 spurs interest in New Energy Vehicles (NEVs) like, Hydrogen Fuel Cells, Electric Vehicles (EVs), among other options. ‘Auto Expo 2023’ earlier showcased a futuristic emphasis among OEMs on Green Energy-powered vehicles.
Electric Vehicles’ adoption has been gaining traction due to their lower carbon footprint and cost-efficiency. In the first-half of CY-2023, the segment has experienced consistent sales, surpassing the 100,000-unit mark each month according to government estimates. Efforts are also underway to establish a nationwide charging network by the government and companies collaboratively. E.g. we are expanding our ‘HOP Infinity Energy Network’, which we piloted in Rajasthan, now rolling out to other states.
Affordability is key for increasing access to EVs; Battery-as-a-Service is an option, keeping in mind its high upfront cost, separating battery costs from vehicle prices to sweeten the deal. Easy financing is also crucial. We at HOP Electric prioritize financial accessibility with financing at our ‘HOP Experience Centres’ and a PAY AS YOU GO system, aiming to provide quality products at reasonable prices. Our commitment to de-carbonization is aimed at reducing greenhouse gas emissions in mobility.
