Mehta, 33, is the CEO of Ather Energy, a producer of electric scooters that has recently experienced a surge in demand.
According to him, the business was selling 200 units monthly three years ago. It now easily sells 15,000 copies every month.
Mehta told CNN that revenues were "soaring." This is what India's massive personal car market, which is expected to grow to be a $100 billion sector by 2030, looks like when it electrifies it. In the nation with the largest population, two- and three-wheelers predominate, outnumbering other forms of transportation like cars by a factor of nearly four. Established firms have made significant investments to electrify their products, including Hero MotoCorp, the largest two-wheeler manufacturer in the world.
India is attempting to become more environmentally friendly, with a goal of having electric vehicles (EVs) account for 80% of two- and three-wheeler sales by the end of the decade and a third of all private automobile sales by that time. The nation aspires to serve as an example for other developing countries by doing this.