Driven by government incentives and the need for more eco-friendly logistics, India's electric vehicle (EV) transformation is being quietly spearheaded by the commercial sector rather than private car ownership. This observation was key to AdvantEdge's current investment philosophy.
The mobility-focused venture capital fund has discovered a compelling market trend in India: commercial vehicles account for a mere 10 per cent national vehicle fleet, yet they consume 70 per cent all energy used. This major imbalance has steered the fund's capital allocation towards electrifying commercial vehicle platforms across diverse applications.
"We are focussing on electrifying commercial form factors – everything from food delivery to last mile, etc. So focussing on commercial vehicles is a priority for us," Kunal Khattar, Founding Partner at AdvantEdge, told ACKO Drive in an exclusive interview.
By focusing on high-utilisation commercial formats rather than private vehicles, AdvantEdge is positioning itself strategically at the crossroads of environmental impact and commercial sustainability.
Continue reading: ackodrive.com/news/why-advantedge-is-backing-bike-taxis-and-delivery-scooters-not-private-electric-cars-founder-kunal-khattar-explains/
