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Home News India EV News

Day 2: Funding Futures and Battery Innovation Drive India’s EV Ambitions Forward

Aditi Singh by Aditi Singh
June 30, 2025
in India EV News, News
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India EV growth

From left to right, Guru Punghavan, CEO Boson Cell, Ashita Marya, CEO, Franchise India, Amartya Mukhopadhyay, Professor, IIT Bombay, Kavita Verma, CEO Maxwell Energy Systems, Pramod Nanjundaswamy, VP & Global Delivery Head for Automotive & Mobility Business Unit, Cyient

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Day 2 of Entrepreneur India EV 2025 unfolded with high-octane sessions, power-packed panels, and bold ideas aimed at accelerating India’s electric mobility revolution. The conversations revolved around the transformative potential of collaborative financing, battery innovation, and policy-powered disruption—clearly underlining that India’s EV dream is not just alive but charging forward.

The day commenced with an insightful keynote address titled “From 2 to 20 million: India’s Ambitious EV Journey” delivered by Mr. Mahesh Babu, Global CEO, Switch Mobility. Setting the tone, he stated, “India is not just adapting to change—we’re driving it. From policy breakthroughs to grassroots innovation, the momentum in our mobility and technology sectors is unstoppable. But to reach the next milestone, we need more than just investment—we need intent, collaboration, and bold execution.”

Addressing the summit Ms. Ashita Marya, CEO, Franchise India said, “India’s EV journey is no longer about catching up—it’s about leading with purpose. What we witnessed today is a powerful convergence of innovation, finance, and entrepreneurship. At Franchise India, we believe the future belongs to those who not only build sustainable solutions but also scalable ecosystems. EV 2025 is a clear reflection of that vision taking shape.”

The keynote was followed by a forward-thinking panel discussion: “Unlocking the Future of EV Funding: Collaborative Funding, Technological Innovation, and Economic Impact.”
Ms. Vasudha Madhavan, Founder & CEO of Ostara Advisors, moderated the panel, which featured Mr. Kunal Mundra, CEO & Founder, Astranova Mobility, Mr. Nandagopal R, President & National Business Head – Green Finance, Shriram Finance, Ms. Akanksha Sharma, AVP, Green Finance, Namdev Finvest, Ms. Nehal Gupta, Founder & MD, AMU Leasing Pvt. Ltd, Mr. Dev Arora, Founder & CEO, Alt Mobility

In her opening remarks, Ms. Vasudha Madhavan observed, “In the last decade, we’ve watched India’s EV ecosystem evolve from an idea to an industry. But today, capital isn’t just a resource—it’s the missing building block that can either make or break innovation.”

Panelists emphasized the urgency of building trust, inclusivity, and accessibility within green finance. Ms. Akanksha Sharma noted, “Financial inclusivity isn’t just a metric—it’s a mindset… we must look beyond documents and credit scores and start funding intention. That’s how we unlock real, scalable impact.”

Ms. Nehal Gupta added, “Capital is our raw material—and yet accessing it remains our biggest challenge. It’s not enough to build assets; we need to build belief—in the model, in the mission, and in the future.”

A deep-dive panel on battery technology followed, exploring the theme: “Transforming Battery Manufacturing: Advanced Chemistries, AI, and Regulatory Dynamics.”
Moderated by Mr. Amartya Mukhopadhyay, Professor, IIT Bombay, the panel brought together

industry pioneers Ms. Kavita Verma, CEO, Maxwell Energy Systems, Mr. Pramod Nanjundaswamy, VP & Global Delivery Head – Automotive & Mobility, Cyient, Mr. Guru Punghavan, CEO, Boson Cell

In a powerful insight, Mr. Guru Punghavan shared, “Our initial venture was to recycle end-of-life batteries and retrieve the salts. Now, we’ve vertically integrated into cell manufacturing, which lets us produce low-cost lithium-ion cells—potentially even more cost-effective than Chinese cells in the EV sector.”

As the event concluded its second day, Entrepreneur India EV 2025 continued to serve as a vital platform for thought leadership, innovation, and cross-sector collaboration. With impactful dialogues and clear calls to action, the expo reaffirmed India’s growing momentum toward sustainable mobility solutions.

With strong participation from industry leaders, policymakers, and innovators, Day 2 was not only engaging and insightful but also a strong affirmation that the EV Expo 2025 is a resounding success.

Tags: Battery tech in EVsElectric vehicle funding IndiaEV battery innovationEV future IndiaIndia EV growthIndia EV industry trends
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