Startups looking to venture into electric vehicle businesses are upbeat on the prospectsAn electric tuk tuk redesigned to better serve elderly and disabled people. Startups venturing into electric vehicle (EV) businesses expect to see rapid post-pandemic growth of the industry, with more charging facilities and EV-sharing service platforms to serve new urban lifestyles. Chayoot Sripian, founder and chief executive of Powerup Thailand Co, an electric tuk-tuk manufacturer, said his company decided to venture into a tuk-tuk-sharing service platform during lockdown. Poonpat Loharjun, founder and chief executive of Evolt Technology Co, said his company plans to increase the number of chargers to up to 300 units by 2023 to serve growing demand. As well, renewable energy and EV developer Energy Absolute Plc announced an ambitious plan to increase its EV charging outlets to 1,000 by the end of this year.
