India EV scooter startups grapple with losses, uncertainty, rivals

India EV scooter startups grapple with losses, uncertainty, rivals

FILE PHOTO: Ather electric scooters are seen outside the showroom in Mumbai, India, January 28, 2022. REUTERS/Francis Mascarenhas/File Photo

India’s electric scooter startups are under the gun as hefty losses and regulatory uncertainties turn investors wary despite large market shares, while legacy automakers ramp up competition.