Ep# 14 | WTF is Happening with EV? Nikhil ft. Founders of Reva, Ather, Blusmart, and Ossus

Building an EV company isn’t easy. For context, assembling battery packs requires companies to adhere to manufacturing standards even higher than 6 Sigma. But that's not all; it also involves sourcing resources like lithium and cobalt, developing charging infrastructure, addressing range anxiety, and much more.
In this episode, we delve into the world of electric vehicles with industry pioneer Chetan Maini from Sun Mobility, whose inspiration came from his university days racing an EV across Australia in the 1990s, leading to the inception of Reva. Now at Sun Mobility, Chetan is all in for battery swapping. Tarun Mehta of Ather has a 1000-member R&D team, the largest for two-wheelers in the world. Punit Goyal of BluSmart, who has an illustrious career in the renewable energy space, studied renewable energy in the UK to revolutionize ride-hailing with BluSmart, and Suruchi Rao of Ossus Biorenewables shares her insights on climate change and green hydrogen.
Join us as we navigate through these diverse perspectives and innovations shaping the future of electric vehicles.
WTF Fund Form - Edition #4
➡️Apply here: tally.so/r/mBp7LN
00:00 Introduction
00:30 Punit's Introduction into Renewable Energy space
6:50: Inspiration behind Blusmart
9:50 : What is Blusmart?
15:30 : Economics behind Blusmart
21:12 : Opportunities in Solar Power Plants
24:00 : How is Blusmart structured?
26:30 : Who is Suruchi Rao?
29:06 : Experts explain what Climate Change is
34:10 : How Is Power Generated? Renewable Vs Non-renewable
41:10 : What if all vehicles become EV overnight?
47:30 : How Suruchi started a green hydrogen company
59:30 : Use cases for Hydrogen today
1:06:30 Are there opportunities in Hydrogen?
1:09:50 The man behind Reva - India's first Electric Car
1:15:30 Indian EV space in the 2000s
1:18:10 How Sun Mobility was born
1:21:30 Economics of battery swapping
1:33:30 3 reasons why battery swapping is the future
1:42:55 Blusmart’s view on battery swapping
1:48:30 Pricing in Two-wheeler : Activa vs. EV
1:50:45 Opportunities in Battery swapping
1:55:00 Vision behind Ather energy
2:03:10 Ola Vs Ather : Which is better?
2:04:10 All about Batteries that EVs use
2:14:10 Nuances of Battery Pack Assembly
2:20:00 Unique features : Battery life, Regenerative braking and more
2:26:30 Battery recycling : The future?
2:32:40 Ola vs Ather: Continued
2:36:00 Is the PLI for EV broken?
2:37:47 Break down of an Ather scooter
2:40:42 How to Breakthrough in the EV space?
2:49:00 Cost saving per vehicle EV vs ICE
2:57:00 Is Carbon Tax the solution?
3:01:10 Low Hanging fruits in the EV industry
3:06:24 WTF Fund: 4th Edition is here!
#NikhilKamath Co-founder of Zerodha, True Beacon and Gruhas
Twitter x.com/nikhilkamathcio/
Linkedin: / nikhilkamathcio
Instagram: / nikhilkamathcio
Facebook : / nikhilkamathcio
#TarunMehta - CEO, Ather Energy
Instagram: / tarunsmehta
LinkedIn : / tarunsmehta
X : / tarunsmehta
Facebook : / tarunsmehta
KZbin: / @atherenergyelectric
#ChetanMaini - Co-Founder, SUN Mobility
Founder of Reva Electric Car Company Ltd (now Mahindra Electric Mobility Limited)
LinkedIn : / mainichetan
X : / mainichetan
KZbin: / @sunmobility
#PunitKGoyal - Co-Founder, BluSmart
Instagram: / punitkgoyal
LinkedIn : / punitg
X : / blusmartgoyal
KZbin: / @blusmartindia
#SuruchiRao - Co-Founder, Ossus Biorenewables
Instagram: / suruchi.rao
LinkedIn : / suruchirao
X : / succirao
Facebook : / suruchirao
#EV #Climatechange #automobile #charging #subsidy #scooter

[@Rohit-48]

Watching a 3 hour podcast instead of a movie is much more enjoyable

[@posibabuputta6358]

But only with nikhil kamath

[@madhav3976]

Yeah man just wasted my 3 hrs on animal😢

[@AlinaUmarvaishya]

Yessss

[@satishtorgal7050]

True.

[@ambupatil8569]

​@@madhav3976so true I also wasted my time watching animal today felt the pain man🫂

[@laghavmohan1740]

Nikhil is living life of a curious high school boy who can invite experts on any topic and learn fundamentals from them

[@pranitmane]

How cool is that..

[@jackrulz08]

It is worth here these Qs & Ans, ppl are getting education along with him to get into these areas.

[@kanchisharma130]

He is styling it as a curious high school boy.. 😅 He is a super successful business man who is sharing this info with others for their benefit. At the time directly listening from horse's mouth.. next investment opportunities for his venture capitals.. 😂 Very well dealt ace! .. 👏🏼🙏🏻👏🏼

[@tronunivese9008]

After learning he will open a new venture giving competition to all 😂😂

[@fahrenheit9746]

And we get to learn from them as well . Living in great times . Love every bit of it just hope he keeps off the Bollywood trip he was on for a while

[@sunnyb4urock]

Not many billionaires are using their time and network as brilliantly as Nikhil . He is doing a great service for the young people by sharing this enormous knowledge which otherwise would have been only for few rich brats.

[@karthikburli3052]

No one does charity work, especially not the rich he is using this to promote himself and his investments

[@thecaramelcustard]

@@karthikburli3052thik hai na bhai tere se paisa thodi lera

[@MdSajid-bq3be]

@@karthikburli3052 tum jaiso ke liye agla kitna bhi koi krde burai krna hi hai

[@misanggurung4356]

@@MdSajid-bq3beLala lllLala love lyour lll

[@damercy]

Respect to Tarun for being noble enough to give out his company's breakdown and cost & disregarding the fact that the competitors are watching.🤟

[@hemshah1567]

Nikhil is using his money and network so wisely. Thank you brother for providing us with such a goldmine of information .

[@aagamkumar5321]

Nikhil sir is running a whole business school here😂

[@meghaphondge3503]

Totally agree

[@monikaagarwal9381]

3 hours of Masterclass😅

[@binkalmaurya]

True ❤

[@rishu0532]

Agreed

[@2Vikas]

business school..

[@Amanproteaches]

A Billionaire at the age of 37 is learning "potential difference" like a child from top industry experts by saying himself an idiot 10 times in the whole video. This is really WTF💥 level of curiosity to learn and understand something. Heads off to you man. Respect for you has now become 10 times more.🙏🙏🙏

[@manthansharma2578]

Hats off**

[@parthsavani2722]

Aether vala bluff hi kr rha he, matlab kuch bhi

[@Abhijeet-sm5em]

@@parthsavani2722 can u give some points why u think so ?

[@user-ep9dw2nm7q]

I found him & the lady to be more smart than others in that room

[@somewhatyes]

Bro... I am in awe.. For the first time i was able to feel Nikhil... Since he isn't a science student as well, he asked questions, with a sense of learning and not throwing his arrogance around. Humble man

[@madhusudanahb]

There will be a time when the run time of these podcast will be 48 hrs and we will still enjoy them 😂

[@joelxavier1978]

💯

[@Azharuddin316]

This comment thread looks like another one of those elaborate scams that are going on. Do not fall for these guys! Please safe guard your money and stay away from magical stuff!

[@devashishrakshit1]

SO MANY BOTS FUCK YOU SIR NICHOLAS❤

[@TheRjmatt]

Highly unlikely but ya... If there is something of this sort good 👍

[@madhusudanahb]

I am reporting those spam messages

[@Arnavguptastockmarket]

To be honest this BLUE-SMART guy clearly doesn’t want to tell you anything straight but Nikhil tried his best to make things simpler for us

[@riteshkaushik1803]

"It depends..." and then repeatedly it went vague. Seemed like he's not getting it but now I think he can't actually be that slow

[@VinodKulkarniOnPlus]

Their business model is such that all aspects are important. I felt he had to be given a patient hearing...

[@pranilkadam4371]

Even I observed that... He might have used his network to get the financial for the whole fleet. that's the reason he don't wish to reveal except info which is very obvious ..

[@saranm1235]

Yea, but why does he need to share his business model..

[@mahakjain5260]

He once goes - "I don't know ya" and puts his hand on his head. He clearly get uninterested super fast. Could not stop laughing. It indeed is better than a lot of comedies.

[@user-ix3vr9ke3r]

Punit is being so uncomfortable in sharing small details and Nikhil keeps pushing him!! Love it. 😂😂

[@smartmoon786]

Even if they lay down their trades deals here, people are too lazy to take action even to copy.

[@pranshushrivastava8244]

That shoes great podcasting skills 😮

[@amhejaz89]

Nikhil Kamath asking 10th Physics doubts and Chetan Sir explaining it calmly. Treat to watch

[@ahmedmadha8925]

Reached first 25 minutes and this is crazy level of knowledge…can never thank Nikhil enough❤

[@iamHGP]

pura dekh le na bhaai.. comment karne ki jaldi kyu hai

[@rikkinshah1986]

🙌🏻

[@arunsar7893]

True.

[@ahmedmadha8925]

@@iamHGP was curious about solar epc business…hence for that topic

[@realmilind]

Can someone please take out the clip about flaw in PLI scheme explained by Tarun and tweet it to Nitin Gadkari and others?

[@harshk9043]

Hi Nikhil, Really enjoy your podcasts & I'd like to make a topic suggestion for your next videos, based on my observations within the industry. Keep up the great work! Topic Suggestion : 1) Semiconductor manufacturing. Discussion topics for you to consider :- 1A) semiconductor devices, analog devices and digital devices. Analog devices - resistors, batteries, capacitors, inductors, thyristors, thermistors, Analog sensors, electromechanical (motors, actuators) etc Digital devices - water chips, logic chips, microprocessors, memory storage devices, MEMs, deep tech (quantum chips) etc 1B) semiconductor wafer manufacturing. Front end wafer manufacturing (lithography , deposition, etching, reticles, inspection, ebeam, euv) Back end wafer manufacturing ( tradition vs new), (ball grid alley, flip chips, wirebonding, die attaching etc) Advanced wafer Packaging (Disrupter to backend manufacturing, no need for Back end manufacturing , 2.5D , 3D, wafer level packing, eWLP) 1C) semiconductor equipment manufacturing Lithography machines, deposition machines, epitaxy machines, etching machines, back end packing machines, inspection machines (Atomic layer inspection, electron beam) machines. 1D) market players. Equipment players. ASML, Applied materials , KLA-tencor, ASM, ASEM, ASMPT, Lam Research etc Wafer manufacturing players. intel, qualcomm, tsmc, Infineon, Nvidia, AMD, Analog devices, SMIC 1E) semiconductor plants - cleanrooms, multi-floor plants, front end fabs, backend packing factory's. 1F) industry standards & sustainability - ISO standards, wafer chip production and recycling, industry digital tools - SAP , production controll., Manufacturing Routes. Consistent tools and naming conventions across different wafer manufacturing contractors 1G) Industry ecosystem - chip designers, chip manufacturers, backend OSAT contractors , front end fabs, component manufacturers ( yaskawa, kawasaki, sinfonia, NTS, immecor etc.) , raw material suppliers ( precursor gases, vacuum pumps, lead frames) 1H) Supply Chain Sourcing- raw materials, Gallium nitride, Tungsten Carbide, Lithium, partnerships with mining companies. & Refining companies (TATA, Adani mines, Reliance refineries transition from crude oil to material refining), Lead frames, wire bonds (aluminium, gold, silver, copper) 1I) Business - B2B, partnerships, Seller hierarchy, resellers, end users, distributors , buy back programs. 1J) global players - Taiwan, USA, Germany, Austria, Singapore, Malaysia, Japan, Korea 1K) Indian players & startups - Foxconn,, TATA, KAynes, Apple , Vedanya, Ruttansha etc 1L) Indian research institutions and partnerships with entrepreneurs, government support- PLI, research grants, corporate grants, etc

[@ShubhamSant]

Just the exact comment I was looking for - As a power electronics engineer

[@MAC-vi7fy]

Good comment

[@vijayboricha9025]

Ohhh bhai😂🔥

[@sriharsha5247]

Spoke my mind and more. Thanks a lot for suggesting these. I hope Nikhil sir picks it up

[@zakikhan6148]

+1

[@TheVish1994]

This guy here - Nikhil Kamat. Youre doing an amazing work helping the young generation learn the world of business and entrepreneurship. Bonus the video has no ads. Thanks a ton!

[@OffersAlone]

"Guy" is a little disrespectful. You could use "Man" instead.

[@dheerajdesale3627]

Tarun’s calculation for regular vs green meter within few seconds is hats off man.

[@Seedhi-Baat]

Nikhil, when I was kid, I used to watch Mahabharat and shakitman to enjoy Sundays, It was long form of content. After very long time I'm watching your podcasts on Sundays with nostalgia. For me It's learning platform without heaviness of learning. I prefer to watch it rather than listening to it, so I can pause the video to read the definition of jargons used by experts. Kudos to you to for creating amazing content and adding value to my life.

[@Shashikantreddy]

I love how everyone were struggling to explain cell and battery,😂 loving the conversation and fundamental questions on EV. You go Nikhil.

[@sageofsixpaths98]

It's hard to dumb it down for a layman.

[@Poppy_pop]

​@@sageofsixpaths98I don't think the basics of ev like cell or battery is hard to dumb down...the business side of things could be but basics are literally taught in colleges to students, not hard at all

[@Fuddifadu]

@@sageofsixpaths98have you seen elon? He can dumb it down to teach a child. Clearly, the panel here is just business and management people, not much on tech/handson side

[@DeepakYadav-kx3yz]

In layman’s. The most confusing & haywire yet so interesting podcast EVER! I wish they had Ola CEO Bhavesh Agarwal here on this platform as well.

[@chetanparmar4231]

Well it's basic rule of corporate meeting that you don't put two directly competing people/firms which are equivalent to ticking time bomb ready to blast in just condition one difference of opinion , you would observe in all his podcasts that there are no directly competing parties there 😂

[@chimneysecret]

@@chetanparmar4231oh is it true ??

[@sanjaygupta9032]

There is lot to learn, I have been a EV user since 2002, done about 2 lakh kms total adding all the cars I have driven on electric. Its a great experience. Thanks Chetan for the Reva, I still own, will switch to Lithium batteries. Thanks Nikhil

[@nikhileshadiyala]

Hope someone from policy making team is watching this to solve the problems for these guys building for our country!

[@Vasishta_]

Policy makers have much better Data than this guys. This guys are from marketing not entrepreneurs 😂

[@kkumail92]

Your podcasts are very insightful. I listen to them during my commute and it's become a ritual now. I'm looking forward to the next interesting topic. One topic suggestion: "semiconductor/Quantum technology and new tech". This is a topic suggestion because many Indian firms are working on it in Bengaluru.

[@Rehesamay]

Must episode

[@anmoltakkar]

Make this the top comment so Nikhil could read it.

[@swapniljadhav5249]

Will do ​@@anmoltakkar

[@vipulghai10]

I would love to be an assistant to CHETAN MAINI SIR ... What a GUY !!! So much knowledge and insight into EV WORLD ... Launched REVA when EVs were a dream ... Mr. Mahindra is totally right in calling him GRANDFATHER of ENERGY ... All other Guests were also Good but CHETAN MAINI SIR stands out everytime he speaks ... Hoping EVs are a Game Changing Opportunity for India ...

[@janmeshmishra7116]

I would really love to see a podcast on economy from Nikhil because I think he is guy who knows what questions to ask and has resources and connection to get the big minds on this topic so please....give us a podcast on economy

[@siddharth0401]

Nikhil should be awarded a padmashree for running such invigorating industry focused discussion with the experts in the industry, the selection of guests is impeccable, the focus on the subject, the intent and the absolute gems on the show makes this prodcast unique, infact the best prodcast on business

[@chiragsharma5594]

Have you gone mad in awe of someone else's money

[@may4u310]

Cute of you to think he does all this.😂

[@tusharsaikhedkar9808]

I don't think lot of people got what Suruchi said but whatever she is doing I think she understands her work/business very well and also she is targeting the right thing. I really wish her success.

[@indraneelb.7972]

She is not doing anything complex. She makes hydrogen and supplied to oil industry. Her entire business is from oil business Ambani refinery, Indianoil, BP, ONGC etc. Hydrogen has no chance against EV. But in the hydrogen supply chain petrol pumps, refinery like Ambani and govt's also get to have a share and make money. In EV, Ambani and govt. refinery oil industry have no money to make. It is as simple as that. The Ather guy debunked her by saying the hydrogen has no efficient mobility usecase and everyone knows that, but the govt is still pushing for hydrogen because the govt's "consultants" are interested in the hydrogen. Why? because with hydrogen cars/ bikes there is money for refineries oil businesses to still make money in future. The consultants are lobbies representing Ambani, IndianOil, BP, HPCL, petrol pumps mafia etc. and they want to push for hydrogen as alternative to EV/ future fuel.

[@prakharsharma8739]

Plus she couldn't even introduce herself in a manner that would be suitable for the audience, and just started throwing her life story, buzz words, anecdotes etc. and rambled on for minutes but still as a layman i could not make heads or tail of what she actually does and was really annoyed by that. (ps:- Did a google dive on her, not worth it so to speak)@@indraneelb.7972

[@may4u310]

​@indraneelb.7972 Bang one, if I have rooftop solar and have electric 2 and 4 wheelers I don't need to visit any Petrol or Hydrogen station.

[@Uda_dunga]

😂😂

[@user-jo7en1ye7i]

🎯 Key Takeaways for quick navigation: 00:00 🚗 *Introduction to Electric Vehicles* - The discussion begins with an introduction to electric vehicles (EVs) and the purpose of the conversation. 01:21 🌍 *Background and Entrepreneurial Journey* - Punit shares his background, including education and early entrepreneurial ventures. 04:37 💡 *Pivoting to Solar Power Plants* - After the setback in solar panel manufacturing, Punit highlights the shift to solar power plants. 06:27 🔄 *Meeting Anol Jaggi and Future Ventures* - Punit shares how he met Anol Jaggi, the founder of JOL, during the solar power plant venture. - Introduction to Blue Smart and its focus on building an interconnected ecosystem for electric vehicles. 10:51 ⚡ *Cost Comparison: EVs vs. IC Vehicles* - Punit discusses the operating cost advantages of EVs, including lower fuel costs and operating expenses. 14:08 🔋 *Battery Life and Depreciation* 16:54 💼 *Financing and Starting an EV Fleet Business* - Provides insights into financing options, suggesting potential avenues for securing funding for an EV fleet. 20:31 🚗 *Asset Financing for EVs* - Aggregators buying EVs for B2B purposes. 21:13 ☀️ *Setting Up Solar Power Plants* - Discussion on setting up solar power plants. 22:48 📊 *Power Sale Dynamics* - Explanation of power sale dynamics in India. 23:30 ⚡ *Lowest Bidding for Solar Power* - Insights into bidding for solar energy projects. 24:09 🚙 *Overview of Blu Smart* - Overview of Blu Smart's top line and bottom line. 25:20 🌐 *Scaling Challenges and Growth Rate* - Challenges and profitability in scaling charging infrastructure. 26:26 🔬 *Ujjwal Seth's Introduction* - Ujjwal Seth's background as a green hydrogen brewer. 28:59 🌍 *Climate Change Discussion* - Ujjwal Seth's views on climate change. 31:42 🚗 *Impact of Transportation on Climate Change* - Discussion on the significant contribution of transportation to CO2 emissions. 34:48 🔄 *Renewable Energy in India* - Overview of India's transition to renewable energy. 39:14 ⚡ *Efficiency of Electric Vehicles* - Efficiency comparison between internal combustion and electric vehicles. 41:20 🌐 *Future of Electric Vehicles and Grid* - Hypothetical scenario: Overnight shift to all-electric vehicles. 42:02 🌍 *Energy Consumption Perspective* - Discussion on the energy consumption challenge raised in the US Senate hearing regarding Tesla. 47:34 ⚡ *Green Hydrogen and Ossus Introduction* - Introduction to green hydrogen and its creation from renewable sources. 49:51 🎓 *Sui's Academic and Entrepreneurial Journey* - Brief overview of Sui's academic background and her Ph.D. in bioprocess technology. 53:55 🚀 *Scaling OES and Current Use Cases* - Discussion on OES's current scale, production capacity, and customer base. 57:23 💲 *Cost and Viability of Green Hydrogen* - Explanation of the cost structure for producing green hydrogen using OES's technology. 01:02:32 🚚 *Green Hydrogen for Transportation* - Addressing the viability of green hydrogen for transportation, especially in trucks and buses. 01:03:58 ⚙️ *Electric Vehicles and Hydrogen Propulsion* - Discussion on the role of hydrogen in different markets. 01:06:55 🌍 *Opportunities for Entrepreneurs in the Green Industry* - Insights into opportunities for entrepreneurs in the climate change and green industry. 01:10:17 🚗 *Chan's Journey in Electric and Sustainable Mobility* - Overview of Chan's journey into electric vehicles starting from solar car racing. 01:21:26 🔋 *Sun Mobility's Micro-Mobility and Battery Swapping* - Explanation of the micro-mobility concept and cost advantages of battery swapping. 01:24:14 🌐 *Sun Mobility's Touch Points and Adaptability* - Overview of Sun Mobility's extensive touchpoint network for battery swapping. 01:25:50 ⚡ *Battery and Mobility as a Service* - Deloitte India has partnered with over 15 OEMs for battery as a service. 01:28:33 🚗 *Swappable Batteries in Two-wheelers* - Initial enthusiasm for swappable battery technology at Ather, with the first patent filed for a swappable battery pack. 01:34:16 🔋 *Benefits of Swappable Batteries* - Swapping initially introduced in shared mobility to address infrastructure challenges. 01:39:14 🔄 *Continuous Improvement and Monetization* - Continuous improvement in battery technology, with a new battery providing 45% more capacity introduced. 01:45:40 🚗 *Electric Vehicle Operating Costs* - Operating cost recovery for additional EV battery in 14 months. 01:48:15 ⚡ *Scalability of Battery Swapping Stations* - Comparison of fixed charging vs. swapping scalability. 01:49:06 🌐 *Usage Data and Market Trends* - Usage data across Tier 1, Tier 2, and Tier 3 cities. 01:50:48 🔍 *Misjudgment of the Indian Two-Wheeler Market* - Observations on misjudgment of the Indian two-wheeler market. 01:51:41 🔄 *Opportunities in Battery Swapping* - Market opportunities in battery swapping for e-rickshaws. 01:52:51 💼 *Franchising Battery Swapping Stations* - Financial aspects and investment required for becoming a battery swapping station franchisee. 01:54:41 📈 *Return on Investment in Battery Swapping* - Potential returns on investment for battery swapping stations. 01:56:31 🌐 *Ather's Evolution from Vehicle to Energy Company* - Ather's transition from a vehicle company to an energy-focused company. 01:58:54 🔄 *Decentralized Power Generation* - Synergy between fast charging, storage, and decentralized power generation. 02:01:27 📊 *Distribution Challenges and Advantages* - Weakness of distribution as a significant competitive advantage. 02:02:51 📣 *Marketing Challenges for Ather* - Ather's marketing challenges in creating brand awareness. 02:05:45 🔋 *Cell Manufacturing Challenges* - Challenges and limitations of cell manufacturing in India. 02:06:42 🔋 *Basics of Cell Structure and Chemistry* - Overview of a cell's components: anode, cathode, and separator. 02:11:15 🔍 *Role of Cobalt and Factors Affecting Cell Life* - Cobalt's role in determining energy content in batteries. 02:13:31 🚗 *Battery Pack Assembly and OEM Differences* - Distinction between cell manufacturing, battery pack assembly, and OEMs. 02:15:08 ❄️ *Importance of Thermal Management in Battery Packs* - Thermal management as a critical factor in battery pack differentiation. 02:19:05 ⚡ *Fast Charging and Its Impact on Battery Life* - Discussion on recommendations for fast charging frequency. 02:22:41 🔥 *Climate Impact on Battery Life* - Influence of ambient temperature on battery cell life. 02:26:10 ♻️ *Battery Life, Usage Patterns, and Calendar Aging* - Insights into battery life and calendar aging in different usage scenarios. 02:28:03 🔄 *Opportunity in Battery Recycling* - Recycling battery packs can be a lucrative business. 02:29:14 🌐 *Starting an EV Business: Opportunities* - Starting a business in EVs: Focus on recycling and captive requirements. 02:31:20 🛴 *Disruptive Factors in the EV Market* - Market evolution: Disruption shifted from speed and range to differentiators. 02:33:25 🤔 *Motor Controller Differentiation* - Motor controller's role: Controlling power signals for efficient motor function. 02:35:28 💰 *Market Perception and Brand Value* - Ather's focus on product quality leading to positive word of mouth. 02:40:10 📉 *Impact of Subsidy Changes on Margins* - Breakdown of scooter cost by weight categories. 02:43:47 🔄 *Challenges for EV Startups* - Entry barriers for new startups: Funding and uncertainty in policies. 02:46:11 🌐 *Policy Gaps and Inconsistencies* - Government policy gaps: GST variations, inverted duty structure, and anomalies. 02:49:21 ⚡️ *Electric Vehicle Cost Analysis* - Cost comparison per kilometer: Electric vehicle (EV) costs around 18 to 22 Rupees per kilometer. 02:51:12 🔋 *Economic Benefits of Electric Scooters* - Cost savings comparison: Riders using a scooter for 40 km a day can save around 25,000 Rupees annually on energy costs. 02:53:32 🚗 *Subscription Model Challenges for Electric Vehicles* - Attempted subscription model: Blue Smart attempted a battery subscription model but faced pushback due to the emotional attachment of owning the battery. 02:56:47 🌍 *Macro Conditions Favoring Electric Vehicle Adoption* - Confluence of favorable conditions: Discussion on various factors contributing to the current surge in electric vehicle adoption globally. 02:57:57 💰 *Carbon Tax and Government Support for EV Transition* - Carbon tax discussion: Indication that India is likely to implement a carbon tax, with a framework being formulated. 03:02:31 🌐 *Entrepreneurial Opportunities in Energy and Mobility* - Data and AI opportunity: Identifying a potential business niche at the intersection of energy and mobility, focusing on data, AI, and analytics. 03:04:07 🚗 *Innovative Electric Vehicle Form Factors* - Form factor innovation: Encouraging entrepreneurs to explore new form factors in electric vehicles, beyond traditional scooters and cars. 03:05:47 🔄 *Business Opportunities in Vehicle Compatibility* Made with HARPA AI

[@aseemroutray2131]

Bulk appreciation for Nikhil listening to these amazing minds and asking the necessary questions for the audience!

[@user-wh7hd1sj9j]

puneet is such a great speaker...he loves his company so much and explains everything so nicely

[@neethuk4973]

Nikhil will not leave them until he understands everything clearly..😂

[@surendrabhaskar9628]

Nikhil is doing everything to get all the secrets out from top executives to teach everyone which is so difficult and everyone is so humble to share all that with such humility.

[@parthchoudhury633]

Moderating such an in-depth conversation among the subject matter experts takes a different level of skill and curiosity. Especially for someone who's outside the domain. This is totally remarkable, Nikhil 👏👏

[@Amuzic_Earth]

2:23 thanks Tarun for saving the poor guy from intruding personal questions. You are an empathetic person. We Indians really have to stop our habit of probing people who are introvert or modest or being humble. I used to be like that bluesmart guy, getting more and more awkward with such BS questions...nowadays I just destroy these people by asking ultraprobing extremely personal questions back....such as are you regretting having children or how is your libido after decades of married life etc. etc. The Paradox is, once you achieve the ability to fireback, people realize it and you don't get asked such questions anymore, however much you want that to happen.

[@ommathur3714]

lack of crisp to the point information made this podcast episode underwhelming. The guests were just rambling on , felt like a college lecturer reading a textbook rather than an industry expert talking about a field they have mastered. They themselves could not explain their field in a few words without complex lingo so the audience did not learn much this episode. loved all the other episodes tho , keep it up nikhil !

[@hemsagar]

First time i actually listened an entire podcast this long. Needs to be encouraged. I'm even throwing a like and a comment so that the algorithm knows that this kind of content is appreciated. Great work.

[@pixelatedchan795]

Just loved the way Suruchi gave her introduction. So crisp and easy to understand such a complicated thing!

[@vijaybgood]

Chetan seriously OG of the industry...🙏🏽🙇🏽..

[@christothomas7501]

I am really addicted to your Podcast. It's really appreciatable how such a successful person like you is making time to deliver and teach commoners like us on such beautiful topics and businesses.

[@anupjain8605]

kudos to nikhil for bringing the context back to the discussion a million times, when the guests goes here and there while discussing

[@dishantbatra992]

His show feels like those easy-to-follow "books for dummies" that everyone loved. Each episode is a cool way to learn stuff. Excited for the next one! Thanks for the awesome content!

[@user-ue6lu2uq6j]

EV's are definitely the future. We need more innovation and support from the people.That's it.

[@prasthambhmedia8033]

i will say hydrogen is the future because in logicitics we cant sit for 5hrs.

[@srikard1564]

both go hand in hand for a green future

[@Driven.Mindset_01]

​@@prasthambhmedia8033You probably won't be needing Such charging times with innovation in the battery segment.We currently use lithium ion/polymer battery which in long term would switch to graphene making vehicles capable of 5-20 x the range of today's and also probably increase life cycles and reduce charging times.So it is still an area of innovation

[@agnimitram340]

​@@prasthambhmedia8033ya man my bet is also on hydrogen, bio fuel.

[@onesahil]

@@prasthambhmedia8033 Tesla's charge from 15% to 85% in 20-30 mins. 5 hours charge times are long gone.

[@vijaybarange344]

@Nikhil has clearly not studied 10th std. Other guests have to teach him the basics of battery, current, etc. But kudos for showing how to learn on a daily basis. We all tend to overestimate our knowledge and refrain from learning any complex problem. The way he asks questions is simply mind-blowing

[@adeshmundye]

It was really good to see that all these founders are unveiling their business models, secrets, cost structures etc on open platforms, which may increase competition for them. Nikhil is also doing a good job here to not allowing them to evade any question.

[@karanbhatia1362]

Truly impressed by Nikhil sir's spot on thinking and questionnaire with every topic change and circling back to his larger agenda.

[@misterexplorerr]

One of the most knowledgeable podcast across KZbin & the best part is Nikhil sir asks every small detail like a layman

[@MEB_KunalArya]

It's finally here, the most awaited episode on my list. Thank you Nikhil for educating us with business pioneers of today and their insights are just amazing and real for everyone who is getting into this field.

[@nobody99186]

it's all about asking the right questions..all the questions Nikhil asked were so essentially fundamental which is a fusion of both from the investor and enthusiasts point of view..absolutely stunning

[@mohitmehta5242]

Imagine a commerce student having a pretty mediocre career consuming this episode and that too at once. Kudos to you guys. And specially Nikhil for ensuring it to keep as simple as possible.

[@himanshumahi619]

In an era of watching 15 sec reels Can’t express how much I love these 3 hrs long podcasts ❤❤

[@siddhantagrawal1634]

1 hour into the podcast, I have a feeling that this is not the content that Nikhil is known for. I can be wrong as it progresses but this is so chaotic with nobody giving beautiful insights that has been the USP of this series.

[@rajanmanjrekar]

With everything else I must appreciate SUPERB CAMERA SETUP!!!!!! 😊

[@dhamsadharmudharam]

All the speakers were very protective of their business. No one provided deep insights. No healthy competition was promoted despite efforts from Nikhil

[@thasmaiautomation665]

Suruchi didn't seem to fit the rest of the panel in terms of domain expertise or work done in the space so far. A quick check shows that her company has been funded (series A) by Nikhil's Investing arm. Explains why she got the additional spotlight and multiple Qs to talk about her background, education and story. Well played, Sir!

[@billa427]

I felt the samething.

[@samjoshi1984]

I also noticed the same. She was a misfit in this group, but this is what we call networking 😊.

[@RishiKumarPS]

Nikhil himself told in the video that he is an investor, he never tried to hide the fact. You may feel she isn't the right fit after watching the video, but before I'm sure most of had doubt weather hydrogen vehicles are a viable solution, and they go down to it here and show that EVs are better and she explained so many nice things about clime change and carbon capture which important part of the EV story.

[@omkardeshpande2191]

Are u kidding. The woman explained how are they innovatively extracting hydrogen and recycling the water which will reduce cost of production.

[@shantieshprakhul3889]

Business is Business.

[@vibhavsingh8874]

I love how Nikhil can asks the hardest questions from the other founders, which you would never see them answering on Moneycontrol or else!

[@pinakadhara7650]

My thoughts exactly. It's almost like a VC interview but which even a layman can understand

[@ishitasinha1800]

I truly wish we reach a place where amazing women like Suruchi Rao stop under-stating themselves in a group. She’s doing great stuff

[@paxall]

I agree. Came here from Spotify to comment that she has so much more to share than the guys let her speak. Don't like the fact that she got cut off as many times.

[@ishitasinha1800]

Cool of you to do that. I think that's the way we can change it by pointing it out and to be aware of it (for both genders) . I am sure the guys aren't trying to consciously curb her but rather an inherent nature thats been in boys club way too often

[@realmilind]

Boys didn't under state her. She did it to herself and it rubbed off onto others. It is not even about gender here, a young less experienced boy would have had the same experience.

[@ShwetaKamat]

The blatant sexism among the men, in not including Suruchi in their ‘inspired by’ and mansplaining after her is appalling.

[@ishitasinha1800]

@@realmilind No one is saying the boys made her do it. We are talking about the general scenario . by the way, her company is a year older than blusmart, so she is not a newbie that has to be to cut off this much and then be explained her own tech to her

[@kumaravelansubramani5062]

Deeply appreciate Nikhil down to earth approach and deep knowledge of the panelists. In particular Mr. Chetan should inspire many by his persistence

[@VOEACADEMY]

The best part of Nikhil sir, he asks questions very smart.

[@jackrulz08]

One of the best podcast I have ever watched. I completed it while I was travelling to and from office and eagerly waiting for office hours to complete just for this podcast

[@parulgoyal5488]

As a 20 year old who knows absolutely nothing about EV, it got too technical to be able to grasp and hence lost interest after an hour. The way kiran mazumdar explained biotech with such patience and in so much details got me hooked for entire 3 hrs. Hope to listen to more guests like that . ❤

[@kruthikabr1548]

This was one of the best podcast I have heard.. it's so amazing that Nikhil is getting the basic of the basic info which any one would need to start the business. I just loved it. Want to see more of these type of podcast. Thankyou

[@aditya.k.kochhar]

Show the entire 6 hour conversation without cuts. People who listen to your podcast are here to learn, they will happily endure the long conversations. Cutting some part that could give a spark to someone might be detrimental to your initial idea of helping budding entrepreneurs. Also, if lex freidman can have 6-7 hour long podcasts, nikhil can definitely have them. Great work though! Please keep this up 👍

[@pradeeponthenet]

This is the only channel where you feel more is less.. what a content as always.. thanks for getting these people and their knowledge ❤❤❤

[@parthasaikia6977]

Thank u Nikhil kamath for starting this channel.....It helps many business students like me to learn directly from the experts..

[@user-wb3bv6lo3f]

Great Conversation. Thank you, Nikhil, for bringing these people together and thank you all for your great insight about EV.

[@InsideTheMatrix666]

The difference between Nikhil and other podcast that in Nikhil there is Ocean of knowledge in easy way. Right now Nikhil KZbin channel is the one i like the most thanks to Nikhil for giving acees to everyone of this information

[@harshdharasandiya1026]

Thank you all for such an in-depth conversation. -Ambient air quality fund for Delhi and still the air is not so ambient to breathe…. - I personally feel manual swapping in 2 wheelers is a good option.

[@user-dk7gq8rp9s]

Nikhil Kamath's podcast about electric vehicles in India is truly enlightening. The discussion delves into crucial aspects of EVs, offering valuable insights. Kamath's hosting adds an engaging touch, making the complex topic accessible. A must-listen for anyone interested in the future of transportation in India.

[@dhirajbuddy]

These Podcasts are too good, even if you don’t watch and just listen. They are proving to be a good partner during to and fro between Home and Office in Mumbai Traffic

[@vikasarsid1299]

I would say, every powerful person should share the network and knowledge as Nikhil is doing, this is absolutely crazy podcasts.

[@SubhojitDey]

People commenting that this is like a business school need to know that you can consume data all day long but data won't translate into real world skills which the business school somewhat tries to teach. These data consumption mostly leads to knowledge showoff amongst peers.

[@jinay26395]

True but I think it's still critical to listen, learn, take notes and continue curiosity, helps clear out mind clog when you are stuck on a problem or just need that boost of ideas.

[@aaryansharma1568]

Nikhil, Please allow them to complete their sentence before you ask the other question. We don't want to lose out on anything valuable they are saying. Thanks a ton, I Love your show.

[@VinodKulkarniOnPlus]

This should be the one in top 5 videos this year to understand EVs and renewable energy market in India!

[@nntta29]

Excellent insight from Tarun and Chetan on pros and cons of battery swapping. Although it looks like the more pros for swapping, it is hard to sell it to end consumer. Consumers don't think logically 😂

[@VinodKulkarniOnPlus]

I want them to bring battery swapping options for EV cars as well. Let Tata Nexon give us a car with 20kwh builtin permanent battery and other 20kwh in at least 4 modules. So in city, I don't need swappable battery. I need them only in highway every 150kms. The way I want it is to add modular small sized batteries which can be handled with some equipment.

[@abhishekagarwal5926]

Nikhil is testing everyone's patience by making it longer and longer. But really, totally engaging discussion!

[@sunilbhaskar1573]

I am sure by the end of the podcast, he has created a competitor for all the guests 😊. Nikhil, I must say you are doing half of the work for the youths. Really appreciate your work man, love this. Please continue 🙏🙏🙏

[@souvikpradhan1053]

The school we all wanted but never had. Thank You! Nikhil Sir.

[@sudeep_polaki]

Eagerly waiting for this panel after the teaser. Finally ❤

[@vrishtisahukar6055]

Watching 3 hr podcast is more enjoyable, knowledgeable and helpful then attending my entire day in college.

[@Atulsinghsainger]

Loved the curiosity of Nikhil. Just like a curious student. This video is the best thing one can watch. Can be released in multiplexes as a documentary movie. Hats off.

[@kiranas]

@nikhil.kamath They are giving half the picture. Because the residential electricity is slightly discounted and not geared for so much load of everyone charging the car. the electricity also has losses. For e.g. if one generates the electricity using the coal or any fossile fuel, the thermal to mechanical and then mechanical to electrical efficiency is also low and then over top of it, there are losses in transmission and distribution. In India, some major losses also because of theft or corruption theft. So for getting the power at home itself there is so much wastage. Then now if you charge car which will also not be fully efficient in utilization as the car will again convert electrical to mechanical energy and the quality of road and friction will have these losses. Ultimately, I susepct that the losses are same or more in the EV. The temperature will also not reduce, because the only change would be moving the thermal energy from car to the power plant. Also, the electric car will also convert the energy to mechanical. Yes, it would be less at a delivery point, but it will be magnifying at the generation point. Its like cement plant, where huge CO2 goes out and it destroys the temerature nearby the cities. Lastly, pure EV will destroy the entire work and generations of incoem and jobs and bring recession. Why? Because EV does not have any ICE (Internal combustion engine) and many parts, on which so many vendors, dealers, retailers, workers, service centers, etc etc entire sub system works, will suddenly become jobless and who will earn? Only the owners of the EVs plants. So entire money will again go to only top super rich and making country poorer and poorer... Of course eventually when the gap between super rich rich and middle class and poor increases and everyone goes down to poverty, ultimately these super rich also become poor, because either their wealth will not have buyers or there will be revolutions like communism, which will take away everything.

[@murtazahussain4785]

There should be a talk on stock broker industry with Mr Nikhil

[@arpitanaskar6310]

Nikhil, I believe you should get married! It’s high time 😂🤭

[@sambitswarup]

Nikhil bhai, dhanyawaad. Waise toh EV main koi business karne ki capacity ayi nahin hai. But podcast ke baad capability taiyaar kar sakte hain. Apne 6 Hr diya woh bhi free main knowledge KZbin main dala. 🤟🏽🤟🏽🤟🏽

[@Thriva-sasi]

Getting deep stacked knowledge and information from founders itself rather than sugarcoated information they spill in media - only source through WTF . Absolute Badass man Nikhil Kamath.

[@ratulsaha6442]

With every passing episode, I'm getting more and more curious about the food they eat! They need to be mentioned in the end credits 😂

[@shubhamnehra7192]

These podcasts are indeed a degree in itself in business :)

[@ashwinijois3857]

Overwhelmed with the amount of information and how business discussions and tech knowledge exchange happens with many entrepreneurs.

[@azherkhan5677]

Reva was a great initiative. Sadly we did not have schemes like FAME in those days.

[@sheejaeldo9311]

Love the way Nikhil questions his hosts. Brilliant

[@vicv5659]

Nikhil is hitting all the right spots with this amazing podcast!!

[@DevanshShukla11]

Nikhil bhai's podcast is actually very descriptive and amazing this is exactly what I wanted a group of experts talking with each other sharing opinions on the current trends , thanks for the help and support you are giving to us...🙏🙌

[@pixelatedchan795]

Suruchi and Chetan really stood out in this conversation. Their depth of information, the way they explained complex concepts, the way they broke down stats, everything just excellent!

[@rajkumarsahu4018]

Love your podcasts Nikhil !! Would really love a podcast on Semiconductor and its opportunities in India as one of the topics for your next podcast.

[@saurabm1043]

Thank you for another amazing podcast. Please keep doing these episodes for us Indian youths. Its really inspiring.

[@zikuzsar]

On a different note, pls have podcasts regarding BFSI industry - Mutual fund, Insurance, NBFC, REITs, etc. It's a whole different can of world!

[@suhasswamy5769]

Never felt it's 3hr podcast Felt it like a movie and completed whole video in one go... Thanks Nikhil Namath for such a informative session...

[@sreeramv112]

love the way how Ruchi was challenging the others in a nice way.

[@bikashchetri6543]

Chetan here is the real veteran of clean energy and EV. Been doing it from the time when nobody knew about EV

[@djdipanshujain7]

Nikhil Loved your content you are making an amazing show. Please continue to make more of such content. Dhanyawad sabhi ka jo iss showpar aaye aur itne ache insights diye.

[@jyotisahoo2793]

Nikhil extracting every bit of internal information of what goes on in your company