Driven
What we believe, written down before we invest. Investment notes, essays, white papers, the newsletter and the DRIVEN podcast. Filter by type or theme.
Why we invested in Endless Machines
India makes electric vehicles and imports the power electronics inside them and inside every charging station. Endless Machines is building that layer at home, starting with a rectifier that survives the Indian grid.
Why we invested in Naveria Space
Air defence costs more than air attack, and the gap has widened. Naveria Space builds high-speed unmanned aircraft, starting with the aerial targets that air defences are tested and trained against.
Why we invested in Paar Autonomy
The value in unmanned systems is moving from the airframe to the payload and to the software that interprets what the payload sees. Paar Autonomy builds both, for air, ground and sea.

The CapTable: Kunal Khattar on Finding the Next Rapido
Siliconindia: Kunal Khattar on Building Profitable EV Infrastructure
Interceptor economics: why India's counter-drone budget will go to low-cost systems
An interceptor now costs 20 to 100 times the drone it destroys. That gap shaped the May 2025 conflict and the procurement decisions since, and closing it is a problem sized for early-stage companies.

Outlook Business Escape Velocity ft. Kunal Khattar: Rapido's Unit Economics, India's Hardware Renaissance and China's EV Dominance
Battery intelligence: the missing layer in India's used EV market
India registers 2.5 million electric vehicles a year and has no trusted way to value the battery inside one. A grading standard for used commercial EVs would underpin resale, financing, insurance and second-life storage.

DRIVEN Episode 5 ft. Anoop Srikantaswamy: Can Electric Tractors Reach Diesel Price Parity?
Grid software: the layer India's energy transition has not yet built
Battery storage is being tendered by the gigawatt-hour, five crore smart meters are installed and distribution losses are falling. The hardware is being bought; the software that decides when it runs barely exists in India at seed stage.

Forbes India: Kunal Khattar on Where India's Next EV Value Will Be Created

Kunal Khattar in Forbes India: Why Commercial Mobility Is Driving India's EV Shift

DRIVEN Episode 4 ft. Sandeep Divakaran: Why EV Adoption in India Still Feels Broken

Motoring Trends: Interview with Kunal Khattar (May-June 2026 Issue)

From Operator to Investor: Kunal Khattar on Building India's EV-First Future

ETAuto: West Asia tensions boost EV interest as adoption gathers pace

DRIVEN Episode 3 ft. Arun Vinayak: Can India Solve EV Charging?

The Core Report ft. Kunal Khattar: Why Electric Vehicles Are India's Biggest $1 Trillion Opportunity

Why We Invested in Exponent One

Zeno Raises $25 Million in Series A Equity and Debt Financing

The Core Report #809 ft. Kunal Khattar: Fresh Twist To India-US Tariff Deal

The Morning Context: How India's carpooling experiment ran out of road

Daily Pioneer: Innovating vehicle finance via energy

Press Roundup: Exponent Energy Launches Exponent One, Raises $2M

The HinduBusinessLine: A leg-up for asset-light disruptors

The Arc: Uber India's new bets: Rapido-style bikes, Porter-like logistics

DRIVEN Episode 2 ft. Anubhav Sharma: Inside Baaz's EV Ecosystem

Outlook Business: India Can't Copy China's Playbook to Become an EV Hub

YourStory: Indian VCs call for policies to encourage deeper pools of domestic capital ahead of Union Budget

Budget 2026: Startups, investors push regulatory changes to unlock capital

The Sanskar Show #214 ft Kunal Khattar: How Fundraising Works

Inc42: Will 2026 Be The Year India's EV Market Turns The Corner?

Outlook Business: Rapido Flips the Formula of India's Consumer Tech Unicorns to Disrupt the Uber-Ola Duopoly

DRIVEN Episode 1 ft. Prashant Kumar: India's EV Future, Building Zingbus and $10M Funding Secrets
In the inaugural episode of DRIVEN, AdvantEdge Founder Kunal Khattar rides with Zingbus Co-Founder Prashant Kumar to discuss the future of EV mobility in India, how to scale a startup, and the secrets behind their $10M funding.

Why AdvantEdge is Backing Bike Taxis and Delivery Scooters, Not Private Electric Cars

Forbes India: India takes the lead among 100 Asia-Pacific Startups To Watch Out For

The Morning Context: The intercity bus bet by Indian startups is having its moment

Driving the Future: AdvantEdge and AWS Session on AI for Mobility

GrowthCast by Shashank ft. Kunal Khattar: Why EV is the Future in India?

GrowthCast by Shashank ft. Kunal Khattar: Why You Should Seriously Consider Buying an EV in 2025

GrowthCast by Shashank ft. Kunal Khattar: EVs vs Petrol Explained

Forbes India: Ola, Uber, Rapido: How cab aggregators are responding to subscription vs commission model

TechCrunch: Tesla loses its charm for India's loyalists even as Musk finally delivers

Why I wrote the first cheque for Rapido

The Core Report: Rare Earth Crisis, Can India Build EVs Without China's Critical Magnets?

India Tech Report: Ending the ICE age, Kunal Khattar on the trillion dollar opportunity in India

JarXchange ft. Kunal Khattar: Will Karnataka's Bike Taxi Ban Lead to 6 Lakh+ Job Losses?

GrowthCast by Shashank ft. Kunal Khattar: How Indian Startups Really Get Funded

Forbes: Do Indian startups have what it takes to become global tech giants?

Outlook Business: India's Green Commute Slows Down as EV Cabs Lose Spark

Navigating US Tariffs: Key Takeaways from the AdvantEdge Breakfast Roundtable

Will Delhi's ambitious plan to electrify its vehicle fleet work?

The EV Journey Through Rural Lens

ThePrint: Has India lost the EV race? Sales figures say so

Inc42: Do Indian EV Startups Stand A Chance Against The Legacy Players?

The Core Report #561 ft. Kunal Khattar: Markets See Best Weekly Run In Four Years

The Real Bottleneck In EV Adoption

Inc42: Rapido At 10, The Ride To The INR 1,000 Cr Club

ThePrint: Delhi's EV policy is too ambitious. CNG autos, commercial vehicles will take a hit

The Sanskar Show #177 ft. Kunal Khattar

YourStory: Inside India's new EV manufacturing policy of reduced tariffs and global players

The Truth About EV Sales and Why the Future is Still Electric
An in-depth look at electric vehicle sales data across key geographies to understand where we stand in the EV transition journey.

YourStory: Union Budget 2025 Reaction, LinkedIn Live

Announcing Our Investment in Moonrider
Smart, heavy duty electric tractors for farmers in developing countries

EV Financing and Building Unicorns: Insights from the AdvantEdge Breakfast Roundtable

AdvantEdge Founders Annual Mixer 2024: EV Leaders Debate Fast Charging and Battery Swapping

Watt's the Efficiency? Powering India's Electric Cars
Given India's obsession with fuel efficiency, making electric vehicles efficient is not just a technical necessity, but a cultural imperative.

Announcing Our Investment in Zeno
Electric mobility solution for bike taxi riders in emerging markets

Fleet electrification needs to lead India's EV push
An electric fleet will not only make the business sustainable for logistics and shared mobility companies, but it will also lead to higher overall profitability.

Can we charge up our domestic EV manufacturing?
We have ridden the electric dream past the petrol pumps, but import dependence remains a big speed bump.

Batteries x AI

Announcing our Investment in Electrifi (now Astranova)

Announcing Our Investment in Ambak
Full stack lending marketplace for real estate agents in India

Announcing Our Investment In Pulse Energy

Announcing Our Investment in Wootz.work
Export focused B2B platform for light engineering goods from India

Announcing Our Investment in Intoglo
A technology first cross border logistics platform

Inc42: Electrifying Inter-City Mobility

YourStory: The right way to foster the Indian EV ecosystem

The CapTable: Exponent, Sheru, Baaz Bikes all set to close funding rounds

Forbes: Innovations will make EVs cheaper than ICE Vehicles

IVCA: Transition from ICE to EV, a $1 Trillion Investment Opportunity

Forbes India Startup Fridays: Kunal Khattar on how the best is yet to come in India's EV sector

FAME II

Times of India: Storage, the next energy revolution

Acko Drive: Honouring A Legend By Awarding A Rising Star

Inc42: How Investing In Asset-Light Startups Can Be A Game Changer

Inc42: VC Firm AdvantEdge To Take Bet On Mobility Solution Startups With Its $100 Mn Fund

YourStory: Rapido-backer AdvantEdge unveils $100m Fund III to take bets on e-mobility

AdvantEdge Mobility Podcast: EV Financing in 2023

VCCircle: VC Firm AdvantEdge To Take Bet On Mobility Solution Startups With Its $100 Mn Fund

Inc42: How Lithium Deposits Can Build India's Electric Vehicle Stack

SusTalk #36: Ridhish Talwar and Kunal Khattar of AdvantEdge

Announcing Our Investment In Bytebeam
1-stop cloud backend for IoT applications

Will Battery Swapping Models For EVs Succeed in India?

Announcing Our Investment In Grip Invest
An alternative fixed-income investment platform

Announcing Our Investment in Skylark

Announcing Our Investment in TyrePlex
A technology led platform solving problems for multi-brand tyre dealers.

Has Indian Electric Vehicle Policy Failed to Deliver, and What is the Way Forward?

How Car Dealerships Will Evolve in India

AdvantEdge Mobility Podcast: Tesla is Entering India

The AdvantEdge Mobility Podcast: Intro

Insights into the Electric Vehicle Market and Emerging OEM Landscape in India

Where are the Opportunities in the Indian EV Ecosystem?

Auto Industry Recovery Continues Post Covid Lockdown in August 2020

Why Electric Vehicles Make Sense for India
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