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Rising Electrification Stimulates Start-up Culture, Collaborations, and Innovative Technology Trends
14-Nov-2022
Global
Market Research
PD3A-01-00-00-00
AU02428-GL-MT_27074
There is a global emergence of start-ups, especially in the electric two-wheeler (E2W) segment, during and post-COVID-19 pandemic. With lockdowns preventing people from leaving their homes, last-mile delivery services boomed, increasing the use and popularity of light electric vehicles. In addition, economic and environmental factors such as rising fuel prices and economies shifting to greener and sustainable transportation to decrease the carbon footprint drive the E2W market demand worldwide. As the E2W market grows, associated subsegments such as E2W fleet businesses and battery manufacturing, swapping, and charging infrastructure register concurrent growth.
Start-ups in the E2W segment are not a new occurrence. However, the number of start-ups and the investments they attract have increased considerably after the pandemic. Most countries have also shifted their focus from two-wheelers with internal combustion engines to E2Ws, evident through the subsidies and incentives offered to manufacturers and other market stakeholders.
In this report, Frost & Sullivan evaluates start-ups in the E2W market and subsegments, focusing on disruptive innovations in business models, products, solutions, and technologies. The evaluation process filters start-ups in each segment globally to the top 10, with the top five profiled. We also provide market stakeholders with growth opportunities they can explore and capture.
Author: Shradha Manjrekar
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Electric Two-wheeler (E2W) Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Vehicle Segmentation and Definition
Market Segmentation
Competitors
Growth Drivers
Growth Restraints
Start-up Definition
The Start-up Methodology
Step 1 of the Benchmarking Criteria—Definition
Step 2 of the Benchmarking Criteria—Definition
E2W OEMs—Benchmark Overview
E2W Fleet Operators—Benchmark Overview
E2W Battery-swapping and Charging Infrastructure—Benchmark Overview
Main Participants Investing in Start-ups
E2W Start-ups Attracting Major Investments Globally
Emerging Global Destinations for E2W Start-up Investments in the Past 2 Years
Growth Opportunities by Region—Boosting Investments in E2W Start-ups
Step 1 of the Benchmarking Criteria—Definition
Shortlisting Exercise
Shortlisting Exercise (continued)
Frost & Sullivan's Criteria to Shortlist Companies
Step 2 of the Benchmarking Criteria—Definition
Frost & Sullivan Start-up Evaluation—Scorecard
Frost & Sullivan Start-up Evaluation—Scorecard (continued)
Damon Motors Inc. Profile
Damon Motors Inc. Profile (continued)
Gogoro Inc. Profile
Gogoro Inc. Profile (continued)
Ola Electric Profile
Ola Electric Profile (continued)
Cake Profile
Cake Profile (continued)
Vinfast Profile
Vinfast Profile (continued)
Step 1 of the Benchmarking Criteria—Definition
Shortlisting Exercise
Frost & Sullivan's Criteria to Shortlist Companies
Step 2 of the Benchmarking Criteria—Definition
Frost & Sullivan Start-up Evaluation Radar—Scorecard
Acciona Mobility
Acciona Mobility (continued)
Tier Mobility
Tier Mobility (continued)
Bounce—Bounce Share
Bounce—Bounce Share (continued)
Yulu Bikes
Yulu Bikes (continued)
Revel Transit Inc.
Revel Transit Inc. (continued)
Step 1 of the Benchmarking Criteria—Definition
Shortlisting Exercise
Frost & Sullivan's Criteria to Shortlist Companies
Step 2 of the Benchmarking Criteria—Definition
Frost & Sullivan Start-up Evaluation Radar—Scorecard
Gogoro Inc. Profile—Battery-swapping Solutions
Gogoro Inc. Profile—Battery-swapping Solutions (continued)
Swobbee Profile
Swobbee Profile (continued)
Bounce—Bounce Infinity Profile
Bounce—Bounce Infinity Profile (continued)
Sun Mobility Profile
Sun Mobility Profile (continued)
KYMCO Ionex Profile
KYMCO Ionex Profile (continued)
Frost & Sullivan's Criteria to Shortlist Companies
Log9 Materials Profile
Log9 Materials Profile (continued)
Matter Profile
Matter Profile (continued)
Gouach Profile
Gouach Profile (continued)
Growth Opportunity 1: Purpose-built E2Ws for Shared and Commercial Applications
Growth Opportunity 1: Purpose-built E2Ws for Shared and Commercial Applications (continued)
Growth Opportunity 2: Battery Recycling
Growth Opportunity 2: Battery Recycling (continued)
Growth Opportunity 3: Demand Creation through Newer Business Models
Growth Opportunity 3: Demand Creation through Newer Business Models (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
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| Deliverable Type | Market Research |
|---|---|
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| List of Charts and Figures | E2W: Vehicle Segmentation and Definition, Global, 2021 E2W: Growth Drivers, Global, 2022–2025 E2W: Growth Restraints, Global, 2022–2025 Start-ups Disrupting E2W: Benchmarking Criteria Definition, Global, 2022 Start-ups Disrupting E2W: Selection Criteria Definition, Global, 2022 Start-ups Disrupting E2W: Shortlist Criteria, Global, 2022 Start-ups Disrupting E2W: Key Participants, Global, 2022 Start-ups Disrupting E2W: E2W Start-up Investments, Global, 2021–2022 Start-ups Disrupting E2W OEMs: Selection Criteria Definition, Global, 2022 Start-ups Disrupting E2W OEM: Shortlist Criteria, Global, 2022 Start-ups Disrupting E2W OEM: Selection Criteria Definition, Global, 2022 Start-ups Disrupting E2W OEM: Benchmarking Criteria Scoring, Global, 2022 Start-ups Disrupting E2W Fleet Operator: Selection Criteria Definition, Global, 2022 Start-ups Disrupting E2W Fleet Operator: Shortlist Criteria, Global, 2022 Start-ups Disrupting E2W Fleet Operator: Selection Criteria Definition, Global, 2022 Start-ups Disrupting E2W Fleet Operator: Benchmarking Criteria Scoring, Global, 2022 Start-ups Disrupting E2W Charging Infrastructure: Benchmarking Criteria Definition, Global, 2022 Start-ups Disrupting E2W Charging Infrastructure: Selection Criteria Definition, Global, 2022 Start-ups Disrupting E2W Charging Infrastructure: Shortlist Criteria, Global, 2022 Start-ups Disrupting E2W Charging Infrastructure: Benchmarking Criteria Scoring, Global, 2022 Start-ups Disrupting E2W Battery Manufacturing: Shortlist Criteria, Global, 2022 |
| Podcast | No |
| WIP Number | PD3A-01-00-00-00 |