India: share of EV startup investments by segment in FY 2020-21
most popular EV type in the country in the fiscal year ending in March 2022.
In the fiscal year ended March 2021, most of India's electric vehicle startup investments were in four-wheeler manufacturers, typically including electric passenger car makers. These represented 56.6 percent of the 1.8 billion U.S. dollars investment in EV startups recorded in the country. Electric two-wheelers held over a quarter of investments during that same fiscal year and were, along with electric three-wheelers, the