EVaaS gains traction in India amid fleet owners’ green push
E-commerce and logistics firms in India are increasingly lining up to electrify their fleets in a bid to cut emissions and cope with high fuel prices, boosting prospects of the emerging Electric-Vehicles-as-a-Service (EVaaS) sector, according to fleet operators, automakers and industry experts.
The new-found focus on electrification is also attracting more investors to the fleet segment.
More than $160 million have been invested in electric vehicle (EV) startups in this segment starting from April 2020, as against $7 million in the period before that, showed data from Crunchbase, a private company database platform.
