Authors :
Anjitha B. Nair
Volume/Issue :
Volume 10 - 2025, Issue 9 - September
Google Scholar :
https://tinyurl.com/yucp2kcr
Scribd :
https://tinyurl.com/3k3ck6x9
DOI :
https://doi.org/10.38124/ijisrt/25sep1550
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Note : Google Scholar may take 30 to 40 days to display the article.
Abstract :
This study looks into how green financing initiatives impact the profitable growth of electric two-wheeler startups
in developing economies. Green financing is all about providing financial support to encourage environmentally friendly
projects, like electric mobility. The research explores into how tools such as low-interest loans, subsidies, and green bonds
can help these startups cut costs and expand their operations. It specifically focuses on electric two-wheeler startups in
emerging markets, examining their growth paths when they have access to green finance. Through case studies and data
analysis, the study investigates how green finance fosters technological innovation and infrastructure development. It also
considers how green financing attracts investors and boosts consumer adoption. The findings reveal a positive link between
the availability of green finance and the commercial success of these startups. The study emphasizes how financial
ecosystems can be fine-tuned to support green automotive ventures in resource-constrained settings. Additionally, it
discusses policy implications to strengthen green financing frameworks. The results suggest that green financing not only
encourages environmental sustainability but also boosts economic growth in the electric vehicle sector. This research offers
valuable insights for policymakers, investors, and entrepreneurs who are keen on promoting sustainable development
through green commerce. In the end, the study supports the idea that integrating finance with sustainability can speed up
the shift to clean transportation.
Keywords :
Green Financing, Electric Two-Wheeler Startups, Developing Economies, Emerging Markets, Low-Interest Loans, Subsidies, Green Bonds, Cost Reduction, Profitable Growth, Technological Innovation, Infrastructure Development, Investor Attraction, Consumer Adoption, Financial Ecosystem, Policy Implications, Environmental Sustainability, Sustainable Development, Clean Transportation, Green Commerce.
References :
- Chanda, R. C. (2024). Achieving a sustainable future by analysing electric vehicle transitions in developing economies. Energy Transition Journal, 12(3), 45–67. ScienceDirect
- International Energy Agency. (2023). Global EV Outlook 2023. IEA. IEA
- International Energy Agency. (2025). Global EV Outlook 2025 — Trends in other light-duty electric vehicles. IEA. IEA
- World Bank. (2024). Electric Mobility and Development (Transport Global Practice / ESMAP). World Bank Publications. Open Knowledge Repository+1
- Department of Heavy Industries (Government of India). (2024). FAME II: Scheme book / design and implementation documents. Ministry of Heavy Industries. (PDF). Ministry of Heavy Industries+1
- International Council on Clean Transportation (ICCT). (2024). Electric vehicle demand incentives in India: Impact of FAME and other incentives (report). ICCT. ICCT
- Climate Policy Initiative. (2024). Landscape of Green Finance in India (2024). Climate Policy Initiative. CPI
- Climate Bonds Initiative. (2021). India Sustainable Debt: State of the Market 2021. Climate Bonds Initiative. Climate Bonds
- Ma, X., & co-authors. (2024). How green finance tools and electric vehicle minerals affect emissions and markets. Energy Policy, 173, Article 113456. ScienceDirect
- Khan, M. A. (2025). Green bond issuance and corporate environmental/financial performance: Evidence from global markets. Journal of Sustainable Finance & Investment. Advance online publication. ScienceDirect
- Tolani, K. (2025). Measuring sustainable mobility of electric vehicles: Indicators and policy implications for developing countries. Innovation and Entrepreneurship Journal, 7(2), 120–138. SpringerOpen
- Zhao, Y. (2024). Sustainable Wheels of Fortune: Understanding the asymmetric bond between green finance and electric vehicle adoption. Research report / working paper. ResearchGate+1
- World Bank. (2024, November 22). World Bank report: Pathways for transitioning to electric mobility in Vietnam (news release / policy brief). World Bank. World Bank
- International Energy Agency. (n.d.). Electric two-wheeler new registrations and sales by region, 2015–2023 (data chart). IEA Data and Statistics. IEA
- ResearchGate / review articles on green finance (various authors). (2024–2025). The role of green bonds and green finance in financing sustainable infrastructure and transport — selected reviews and case studies. (collection / PDFs).
- Asian Development Bank. (2022). Green finance strategies for sustainable transport in Asia. ADB Publications.
- Banerjee, P., & Gupta, R. (2021). Electric two-wheelers: A sustainable solution for urban mobility in emerging markets. Journal of Sustainable Transportation, 15(4), 285–298.
- International Energy Agency. (2023). Global EV Outlook 2023: Catching up with climate ambitions. IEA.
- Kumar, S., & Singh, A. (2022). Barriers to electric two-wheeler adoption in India: Financing, infrastructure, and consumer perspectives. International Journal of Transport Economics, 49(2), 112–129.
- Roy, A., & Sharma, V. (2023). Role of green financing in promoting electric vehicle start-ups: Evidence from emerging economies. Journal of Cleaner Production, 412, 137018.
- Shell Foundation & Small Industries Development Bank of India. (2023). Mission 50K-EV4ECO: Scaling electric mobility financing in India. SIDBI.
- United Nations Environment Programme. (2022). Global Electric Mobility Programme: Supporting low-emission transport in developing economies. UNEP.
This study looks into how green financing initiatives impact the profitable growth of electric two-wheeler startups
in developing economies. Green financing is all about providing financial support to encourage environmentally friendly
projects, like electric mobility. The research explores into how tools such as low-interest loans, subsidies, and green bonds
can help these startups cut costs and expand their operations. It specifically focuses on electric two-wheeler startups in
emerging markets, examining their growth paths when they have access to green finance. Through case studies and data
analysis, the study investigates how green finance fosters technological innovation and infrastructure development. It also
considers how green financing attracts investors and boosts consumer adoption. The findings reveal a positive link between
the availability of green finance and the commercial success of these startups. The study emphasizes how financial
ecosystems can be fine-tuned to support green automotive ventures in resource-constrained settings. Additionally, it
discusses policy implications to strengthen green financing frameworks. The results suggest that green financing not only
encourages environmental sustainability but also boosts economic growth in the electric vehicle sector. This research offers
valuable insights for policymakers, investors, and entrepreneurs who are keen on promoting sustainable development
through green commerce. In the end, the study supports the idea that integrating finance with sustainability can speed up
the shift to clean transportation.
Keywords :
Green Financing, Electric Two-Wheeler Startups, Developing Economies, Emerging Markets, Low-Interest Loans, Subsidies, Green Bonds, Cost Reduction, Profitable Growth, Technological Innovation, Infrastructure Development, Investor Attraction, Consumer Adoption, Financial Ecosystem, Policy Implications, Environmental Sustainability, Sustainable Development, Clean Transportation, Green Commerce.