Ending the ICE age: Kunal Khattar on the trillion dollar opportunity in India
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Ending the ICE age: Kunal Khattar on the trillion dollar opportunity in India
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About this listen
My guest today is Kunal Khattar, founding managing partner at AdvantEdge Founders, an early-stage VC firm in New Delhi that’s well known for backing founders in the EV and mobility sectors in India. Kunal is well known for backing both consumer facing shared mobility ventures like Rapido and technology-led product innovation startups like Exponent Energy, which is a leader in fast-charging tech in India.
It's now 10 years since AdvantEdge was founded, Kunal says, and the firm is very close to announcing the first close of its third fund, which will likely be in the ballpark of $75 million, to back the next generation of EV entrepreneurs in India.
In this conversation, Kunal talks about why he expects the EV space to hit the J-curve growth stage over the next three to five years and how replacing the overall ICE economy in India is a trillion-dollar opportunity.
Kunal also talks about how because technology-led industry shifts can take decades, some promising technologies, like green hydrogen, for example, will take time to become mainstream.