Auto, EV funding slows 42.9% QoQ to $717M as investors back proven players like Rapido
India's auto and EV funding turned selective in Q1FY26, with 20 deals worth $717M marking a 42.9% QoQ volume drop. Capital concentrated in established mobility names, led by Rapido's $240M raise and JBM Ecolife's $47M, as investors favored electrification, MaaS platforms and software-defined vehicles over unproven expansion bets.
India auto/EV funding turned selective in April-June, deals falling 42.9% QoQ to $717M as capital concentrated in proven mobility players. Rapido's $240M raise led, with investors favoring electrification, MaaS platforms and software-defined vehicles over unproven expansion plays.