While many companies in India are creating new electric vehicles, they are competing for the same audience—affluent buyers willing to purchase a brand new electric scooter. Ashish Dokania decided to bypass this competitive struggle.
Solving the existing fleet problem
He noted that there are already between 250 and 300 million two-wheelers running on gasoline on Indian roads. These scooters function normally, and their owners do not plan to replace them. However, each one represents an air-polluting and fuel-consuming problem that no new EV showroom can solve.
Therefore, Dokania founded Green Tiger Mobility to modernize existing vehicles.
From finance to scooters
Dokania's background is not typical of an automotive company founder. He spent years in banking and infrastructure financing, notably leading the solar division of Shapoorji Pallonji and founding a specialized network company in the UK, Transtel Utilities. Among balance sheets and power grids, he stumbled upon an idea that most engineers overlooked: perhaps the fastest path to a cleaner India is not in building new machines, but in saving old ones.
Green Tiger Mobility Private Limited was officially registered on October 27, 2020, with Dokania and his wife, Swati Keshan Dokania, serving as founders. The company's headquarters are located in Bangalore. Their initial message was extremely simple and counterintuitive: bring your gasoline scooter, and we will convert it into an electric vehicle.
Three ways to revive a scooter
When a scooter is delivered to the Green Tiger retrofit center in Bommanahalli, it undergoes diagnostics across 130 parameters, after which the team selects one of three conversion options. The first option is a bimodal hybrid, allowing the driver to switch between gasoline and electric modes with the press of a button, thereby eliminating range anxiety that deters many Indians from EVs. The second option is a full electric conversion, powered by a battery that can be charged at home via a standard 5-amp socket. The third option is designed for couriers covering 100–150 km daily and includes a swappable battery system developed jointly with Indofast Energy—a joint venture of Indian Oil and Sun Mobility, and Battery Smart—ensuring that a discharged battery is always available for quick replacement.
Since necessary components were unavailable in India, Green Tiger developed its own battery management systems, vehicle control units, and telematics equipment from scratch. This intellectual property is now used by approximately 10 other EV manufacturers. According to the company, the retrofitted vehicles have collectively covered over 150,000 kilometers on Indian roads, a real measure of durability that many early-stage startups fail to achieve.
Proof of solution effectiveness
The reliability of Green Tiger goes far beyond a good presentation. The company holds six approved patents covering its retrofit technology and power electronics, and its solution has received approval from ARAI—the same regulatory body that certifies vehicles for Indian OEMs. In 2022, the company received the FICCI 'Most Promising Innovation' award, went through incubation at NSRCEL, the startup hub of IIM Bangalore, and its founder was included in the EMobilityPlus Top 100 list in electric mobility.
Regarding funding, Green Tiger has raised approximately $1.95 million in equity over five rounds, and government grants increased the total amount to about 210 million rupees. The initial round of angel and foreign investment in January 2022 amounted to 50 million rupees for technology development and permit acquisition. A subsequent round of 110 million rupees was conducted in 2023, in which Bajaj Motors, along with Faad Capital and Indus Capital, invested. The connection with Bajaj Motors is not limited to being on the shareholder list; Vikas Bajaj holds a seat on the Green Tiger board of directors as a nominee, indicating deeper involvement.
Since commencing full-scale operations in August 2024, the company has completed about 600 retrofits, employs a staff of 20–24 people, and reported revenue of 46 million rupees for the fiscal year 25, according to the company. Recognition reached the highest level: at the Bharat Mobility Expo in 2024, Prime Minister Narendra Modi specifically stopped at the Green Tiger booth to learn about the i-Hybrid retrofit technology.
Significance of this approach
India does not lack EV startups chasing the future. The problem lies in the absence of people addressing the past: hundreds of millions of two-wheelers that have already been purchased and sit in parking lots across the country. Dokania did not try to surpass this reality with innovation. He created a sustainable, patent-protected business, backed by regulatory approval and the support of the Bajaj Motors board, around an obvious yet overlooked thing that everyone else ignored.