The Future Of Mobility – A Bharat Innovation Fund Perspective

It’s an exciting time for entrepreneurs entering the field of electric mobility, because the way people and goods will move in the near future is being revolutionised across the globe.

- Rohan Choukkar

Fast-paced technology trends have brought the automotive industry to the cusp of perhaps the greatest disruption in over a century, shaking up a hitherto stable industry dominated by a few large players. It is no surprise why this subject commands the attention of so many – the automotive industry accounts for over 7 per cent of India’s GDP, with an extended value chain ranging from auto manufacturing and sales, to financial services, oil companies, fuel retailers, insurance, medical care, parking, and in the public sector—taxes, tolling and traffic enforcement.

Increasingly sophisticated onboard electronics, new powertrain technologies and advances in materials science have brought connected, autonomous vehicles from science fiction into the realm of mainstream reality. This broadening of the automotive technology stack is causing industry incumbents to not just compete harder among themselves, but also look to fend off challenges from digital giants like Apple, Google and Uber, along with a horde of startups, with all platforms arcing towards the same eventual technology paradigm – shared, autonomous and electric vehicles (EVs).