With investments pouring in, governments rolling out more and more policies that are conducive to start-ups, India is now looked up internationally as the hub of growing entrepreneurs with brilliant ideas. Most of these ideas have roots in the solving grassroots challenges of the Indian society, be it in the urban, semi-urban or rural areas. Most of these students and graduates having grown up in India have a personal understanding of these issues are, therefore, are able to conjugate infallible business models that are customised for various Indian demographics. These brilliant minds deserve recognition and we have, therefore, compiled a list of four outstanding start-ups that have out-shone their competitors and have a flaming potential.
Sumant Sinha established ReNew power in 2011 and it received equity infusion from Goldman Sachs in September month of an equivalent year. the corporate commissioned its first project at Jasdan in Gujarat on May 6, 2012, and grew since then. In 2016, ReNew became the primary renewable energy IPP to boost rupee-denominated masala bonds and therefore the exact same year achieved 1GW capacity, becoming the primary company in India to realize it. In 2016, ReNew power launched IIT centre of excellence to collaborate with the institution in research and technology development. In 2017 JERA (a venture between Tokyo electrical power Co., Inc. and Chubu electrical power Co.) came on board as an equity holder and within the same year ReNew doubled its capacity again for the third year.
Another Bangalore-based startup but a one that has managed to last long and make a niche identity for itself in an already infested scooter rental market. The best highlight and a unique selling proposition of this startup is that they manage over 17,000 electric and gasoline scooters. They have an amazing mobile application with a friendly and buoyant UI experience that connects seamlessly with their target audience who are the working youth of the city.
With insurmountable funding of over $155Million dollars, this is one of the fastest-growing start-ups in the country with the potential to become one of India’s greenest companies. The company not only develops but also manages wind and solar energy power projects in Asia and in Africa. They have built the largest portfolio of India’s solar power projects aggregating to up to 1GW capacity.
Founded by Tarun Mehta and Swapnil Jain is an upcoming Indian electric vehicle company in 2013. It manufactures the innovative electric scooter Ather 450 and therefore the Ather 450X. it’s also established electric vehicle charging infrastructure termed because of the “Ather Grid”. In early 2014, it received ₹4.5 million (US$63,000) from the Technology Development Board under the Department of Science and Technology, IIT Madras.