10 Startups Charging Up the Electric Bus Industry

The transition to electric vehicles (EVs) has begun in the automobile sector. With a rush of startups, mostly in the two-wheeler and passenger car segments, and established players rapidly releasing new products, there has been significant activity in these industries. The bus segment is also making its remarkable position in this industry. With emerging startups, over the next coming years, this segment will poise for significant expansion, supported by strong tailwinds, supportive policies, and favorable unit economics.

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With low air pollution being produced by such vehicles makes them ecofriendly. Additionally, it significantly lowers noise pollution, resolving several issues related to automobile transportation in big cities. In addition, electric vehicles are less expensive to maintain and have lower expenditures overall, which is encouraging more and more people to choose them. To strive this transportation industry many startups have come forward, let’s look to some of such promising startups who are making significant growth in the field.

Below table shows the lists of electric buses startups with their founders, founding year and total funding.

Geographic distribution of major startups in Electric Buses Industry across the globe:

Conclusion: One of the industries where technology advancements have the most impact is the automotive industry. These startups are just a snapshot of the larger movement that aims to change the face of public transportation. In this instance, the development of electric buses has been made possible by new technology, which has benefited the electric bus industry. These startup buses now have a multitude of benefits and prospects thanks to technological advancements, such as extended battery life or self-sufficient buses that don't require a driver. According to the UnivDatos Market Insights analysis, the electric bus segment of automotive industry has permissible growth with new advancements and as per their “Electric Buses Industry” report, the global market was valued at USD 39 Billion in 2022, growing at a CAGR of 19.8% during the forecast period from 2023 - 2030 to reach USD billion by 2030.?