Global Electric Two-wheeler Start-ups in Asia 2023: Evaluation of 11 Start-ups that have Made a Mark in Asia

Rhea-AI Summary

The report titled "Global Electric Two-wheeler Start-ups in Asia, 2023" emphasizes the growing prominence of electric two-wheelers in Asia, driven by climate change concerns and government incentives. In 2021, approximately 17 million scooters and motorcycles were sold in China, followed by 14 million in India. The industry benefits from advancements in battery technology, reduced costs, and increased charging options. Start-ups are making significant strides, often gaining first-mover advantages over traditional manufacturers. Collaboration between global companies and local manufacturers is expected to foster growth through innovative technologies and market insights.

Positive

• Strong growth potential in the electric two-wheeler market, with Asia leading in sales figures.
• Government incentives and public awareness of climate change bolstering demand for electric vehicles.
• Advancements in battery technology reducing costs and enhancing accessibility.

Negative

• None.

DUBLIN, Feb. 24, 2023 /PRNewswire/ -- The "Global Electric Two-wheeler Start-ups in Asia, 2023" report has been added to  ResearchAndMarkets.com's offering.

Climate change remains a top concern for governments and industries around the world. Increasing levels of carbon emissions have created an urgent need for control measures including vehicle electrification.

Two-wheelers are a commonly used mode of transport in Asia considering their maneuverability through traffic and cost efficiency in terms of maintenance. In fact, Asia is the largest market in the world for scooters and motorcycles with China (about 17 million sales in 2021) and India (about 14 million sales in 2021) leading the demand.

China is the largest manufacturer and distributor of electric two-wheelers, and India is home to well-known producers of conventional internal combustion engine vehicles including Hero MotoCorp, TVS Motors, Bajaj Auto, and Royal Enfield.

Several developments are converging in the electric two-wheeler industry's favor. They include government incentives for the manufacture, purchase, or use of electric vehicles; growing public and corporate concerns about pollution and climate change; battery technologies that are becoming better and less expensive; and more battery charging options.

Start-ups have had a strong influence on technological advancements and have gained first-mover advantages over established two-wheeler manufacturers that only recently entered or have yet to enter the electrification arena.

As the electric two-wheeler industry evolves, joint ventures and partnerships will create lucrative growth opportunities. Collaborations between leading global companies and local vehicle manufacturers and sellers, battery producers, charging operators, and mobile app aggregators (including shared mobility and battery subscription services) would introduce start-ups to the international networks, best practices, and financial backing they need for long-term success. The larger entities would benefit from access to innovative technologies and local market knowledge.

Companies to Action

• Ather Energy
• Evoke Motorcycles
• Gesits
• Gogoro
• Niu Technologies
• Okinawa Autotech
• Ola Electric
• Selex Motors
• VinFast
• Vmoto Soco
• Volta Indonesia

For more information about this report visit https://www.researchandmarkets.com/r/oczgb4-electric?w=5

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SOURCE Research and Markets

FAQ

What does the report on electric two-wheeler start-ups in Asia highlight?

The report highlights the growth of electric two-wheelers in Asia due to climate change concerns, government incentives, and advancements in battery technology.

How many two-wheelers were sold in China and India in 2021?

In 2021, approximately 17 million scooters and motorcycles were sold in China and about 14 million in India.

Which companies are mentioned as influential in the electric two-wheeler market?

Companies such as Ather Energy, Niu Technologies, and Ola Electric are highlighted as key players in the electric two-wheeler market.

What are the expected trends for electric two-wheeler start-ups in Asia?

Joint ventures and partnerships are expected to create growth opportunities for electric two-wheeler start-ups in Asia.