He Built India's Largest EV Charging Network

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Check out Bolt.Earth here: boltearth.app.link/downloadno...
00:00 Intro
02:56 How Mohit Yadav got the idea for Bolt.Earth
06:21 Bolt.Earth's first product
10:43 Choosing the right market
14:40 Bolt.Earth's first customer
17:14 Going to China
22:20 Building an operating system for EV
25:27 Working with Sun Mobility
26:20 Getting their first office
27:34 Selling to China
31:27 Bolt.Earth during the pandemic
34:13 Building a charging infrastructure in India
37:31 Bolt.Earth's business model
40:50 Bolt.Earth app
42:22 Raising funds
46:04 ₹1 campaign
50:24 B2B vs B2C
57:14 The future of EV
01:03:57 The future of EV Bolt.Earth
01:11:11 Outro
Established in 2017 by Mohit Yadav and Jyotiranjan Harichandan, Bolt.Earth, previously known as REVOS, was created with the mission of enhancing the accessibility of electric vehicles (EVs) to a broader audience. The founders observed a pressing need for affordable EV infrastructure in India and made the proactive decision to develop a scalable infrastructure solution to promote widespread EV adoption.
Before starting Bolt.Earth, Mohit Yadav exhibited a highly calculated approach when launching his venture. Prior to embarking on his entrepreneurial journey, he diligently cultivated his expertise while employed at renowned companies such as Oracle and Adobe. Additionally, he conscientiously saved a substantial sum of money once his stock options vested, allowing him to rely on personal funding to sustain his venture, particularly during its initial stages.
In 2015, he reached a point where he believed he was well-prepared to delve into the realm of business. Toward the year's conclusion, he, along with his friend Jyotiranjan Harichandan, stumbled upon a problem during a road trip that appeared to have potential solutions.
At present, Bolt.Earth has successfully developed a range of intelligent operating system devices designed for two-wheelers, featuring an instrument cluster positioned between the handlebars of the motorcycle. Moreover, they have established an extensive network of over 30,000 charging points spanning across more than 1,100 cities in India, making it the largest charging network in the country.
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Пікірлер: 43

@backstagewithmillionaires 9 ай бұрын

Check out Bolt.Earth here: boltearth.app.link/downloadnow-youtube

@sumeet3773 9 ай бұрын

So glad to hear this conversation. I am currently working with this company in collaboration to develop UI for an electric vehicle

@backstagewithmillionaires 9 ай бұрын

Hope it goes well Sumeet, thanks for watching! -Caleb

@jyotbirlamba 9 ай бұрын

30:34 Loved Mohit's depth and how they went about selling to China. The resilience it took to just build in the shadows, hoping in works out is underrated 💯

@nikhilnair8774 9 ай бұрын

Really enjoyed this podcast! Informative, answered a bunch of general Qs, and left us inspired hearing about Bolt’s story.

@backstagewithmillionaires 9 ай бұрын

As someone building in the EV industry, I'm really glad that you enjoyed this one Nikhil 🙂 -Caleb

@jaguarjegan1246 8 ай бұрын

Good to see about the peer to peer charging network. Few months back i had the idea of this, why we can't build a peer to peer charging ecosystem, I thought there is so much value in this. By this we can build a biggest charging infrastructure in the country. Small motels, homes in the national highways onboard to this system will reduce the range anxiety. We can give incentives to them who getting in to the system and take a part in the ev charger cost, by this we can attract more people in to this. This was my idea back, happy and little bit surprised(heard before that same idea will come for different peoples, currently experiencing it😂) to see this.❤

@pdas6443 7 ай бұрын

Mohit is amazingly composed when it comes to rational and scaling. Good to watch him on the podcast after years. BTW he is a great FIFA enthusiast too.

@VineetKumarX 9 ай бұрын

The more I heard Mohit the more I got impressed of just how knowledgeable he is and also the way of his articulation of the business model. Charging infra has always been a challenging problem but wasn't aware of how they attempted to tackle it with Rs 1 campaign and I am glad that they saw success and all of that happened in just last couple of years! @caleb: You really bring out the best stories of startup world straight from the horse's mouth! Its always fascinates me to hear the back stories and the hardships people has to go through to start a new business. One question that I expected to get answered was whether they have a role in Ather or Ola, or are they making their own proprietary OS?

@abbingm2307 6 ай бұрын

Adas features for 2wheelers. Driver scoring system for insurance calculation. Prebooking of charging stations. Charging stations health,servicing automation for max up time. Charging station AMC services.

@adisj5696 9 ай бұрын

This was a great episode. Thanks!!

@backstagewithmillionaires 9 ай бұрын

Glad you enjoyed it Adisj! -Caleb

@ayya11790 9 ай бұрын

Smart and eloquent gentleman. Enjoyed the interview very much.

@backstagewithmillionaires 9 ай бұрын

Glad to hear that Ayya, I really enjoyed the conversation too. India needs more hardware entrepreneurs who are willing to put in the time to build great things through R&D. -Caleb

@ramanankuppannan2509 8 ай бұрын

Congrats Mohit! Very motivating!

@antonymathew 9 ай бұрын

wonderful talk..

@backstagewithmillionaires 9 ай бұрын

Thanks a lot Antony! Glad you enjoyed it. -Caleb

@hammadshaikh4278 8 ай бұрын

Wow 🎉🎉🎉

@vipinsingh075 8 ай бұрын

Brilliant! Loved the podcast. Never heard of this company but i am very impressed and very much optimistic about the future of this company.

@rohigt5745 8 ай бұрын

Brilliant interview and what a unique idea with P2P charging network👏

@Seasonednuts-iv5gd 9 ай бұрын

Ii was a really nice interview i didn't know before that charging station near houses public i thought it is for personal use nice to know and it was nice to watch this interview and founder was very pragmatic about his decision

@SakshamMisra 9 ай бұрын

Please bring Founder of Statiq as well!!!

@laghavmohan1740 7 ай бұрын

Revolutionary

@palabinash 6 ай бұрын

The amount of new ideas he is plotting is crazy.

@Nis_k 5 ай бұрын

plz put some in tirupati

@raghavendra4524 9 ай бұрын

❤

@herpderp297 8 ай бұрын

I have seen their charging devices in my apartment complex. Didn't realize they are the biggest player in EV charging market

@pranithkumar1026 8 ай бұрын

Everything is fine but I don't know if the data you have mentioned about 3000 networks is right, there's no mentioning whether they're DC chargers or AC chargers. Probably AC I guess, so with this can't conclude that they're the largest network. There has to be specific mentioning of the chargers I guess.

@poojanegi9786 9 ай бұрын

🎉🎉🎉🎉🎉🎉🎉🎉

@pratyushbehere3580 9 ай бұрын

They're diversifying way too much.

@backstagewithmillionaires 9 ай бұрын

This is a valid point to raise Pratyush, but I'm not so sure if it's reflective of the reality within the company or not. I personally think the full stack approach is a great way for them to make the most of the current EV wave India is experiencing. As long as 1. Their unit economics are strong, 2. They don't spread themselves too thin and compromise on the customer experience pre or post sale/service, and 3. They don't fall into the venture capital growth at any cost trap, I think this multi-pronged approach could set them up nicely to control a large chunk of the EV infra market in coming years. Sometimes product/service expansion really is the way to go, rather than incremental improvement in one lane. The smart dashboard hardware was a good starting point, but you're never going to be a household name just doing that. EV OS is also a really exciting opportunity, but will probably take many years and lots of money for network effects to take effect. Charging infra and the corresponding app are a relevant, important problem to solve for consumers and businesses, revenue can be used to fuel growth of other business verticals, and it makes the Bolt.Earth brand a respected household name if done right. The charging network feels like the short/mid-term fuel needed to propel the long-term ventures forward. What do you think? -Caleb

@neuralfusion7703 9 ай бұрын

How big is your business? Yt pe 4-5 business related videos dekh ke har jaga gyan chodne aa jaate hai

@lord_of_love_and_thunder 9 ай бұрын

@@neuralfusion7703Your comment is adding nothing to this discussion. Please delete it.

@SunnySingh-sm7vs 8 ай бұрын

It's not diversification rather it is called chasing your customer.