While India is the second largest E2W market in the world and sells 16 m vehicles every year, the percentage of E2W sales is still less than 1 %. However, with strong and continued push from the national and state governments as well as rising demand for E2W in commercial segments, India has great potential to be a leader in EV manufacturing as well. While EV related investments have been happening in the ride hailing/last mile deliveries segments, OEMs especially early stage startups are facing challenges in attracting short to long term funding.

The IOT session would assess critical barriers w.r.t  OEM financing and identify potential opportunities to unlock commercial funding.

About IoTForum: IoTForum is a Think-tank Initiative of TiE (The Indus Entrepreneurs) to #RaiseIoTQuotient of India. Started in 2014, IoTForum is now a vibrant community of over 2000+ IoT/Deeptech/ Startups developing technologies & solutions across the entire IoT Stack from sensor to the cloud, several Thousands of active participants with 14 task forces and 100+ volunteers. For more visit: new.iotforindia.org & join the Telegram Channel: t.me/IoTForIndia

About TiE Bangalore: TiE is a non-profit, global community welcoming entrepreneurs from all over the world. We believe in the power of ideas to change the face of entrepreneurship and growing business through our five pillars; mentoring, networking, education, incubating and funding. We are reaching out and fostering the next generation of entrepreneurs.