India Stack Native vs Legacy Wrapper: EV Battlefield
India's EV sector is splitting between India Stack-native companies building directly on digital infrastructure and legacy auto players wrapping old playbooks around EVs. The native layer wins on unit economics and capital efficiency. The wrapper layer still owns distribution but bleeds margin.
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Amit Tyagi
Founder, AletheiaAI & GP, Fitoor Capital
Veteran of India's startup ecosystem. Writing about fundraising, investor psychology, and what it takes to build fundable startups in India.
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