analysis revealed that as revolutionary electrification technologies move closer to mass commercialization investors are becoming more selective often funneling investment dollars to startups with track records of successthe overall fundraising scenario indicates that the investors are encouraging the whole ecosystem of ev and focusing on attractively priced higher valueadd areas like charging solutions throughout the valuechain where there is typically more pricing power besides some enterprising innovators willing to take a risk on new technologies and unproven business models seem to be trying to cement their role and therefore the electric mobility industry is graduating from its scrappy entrepreneurial phase to infrastructure investmentanother approach that continues to attract funding is battery technologies despite significant advances the limited driving range of batteries remains a top concern for car buyers that might explain investors bullishness on entrepreneurs seeking to cram more energy into new battery chemistries while reducing space costs and charge timesevs have no longer remained an onlyvehicle story rather they have now transformed into a tech story where every chapter holds a strategic importance ultimately all the investments that are coming in are focusing on ev product development as well as the related value chain domains like grid works manufacturing battery tech installation and maintenance of new public charging stations are attracting investors who are eager to gain grounds in this growing field saket mehra partner and auto sector leader grant thornton bharat currently about 1314 have approved and notified dedicated ev policies some are on the verge of finalizing such moves are enough to create buzz and catch the eye balls of investors with massive cash pileskaushik madhavan vice president mobility practice frost sullivanoverall the four prominent areas that guided investment in 2021 are battery tech log 9 materials lohum cleantech ev charging magenta ev solutions exponent energy goegonetwork vehicle makers ola electric detel simple energy and mobilityasaservice maas blusmart 3ev industriesdeal size getting largerrather than a sharp jump in the number of startup opportunities available the dramatic expansion reflects how much the size of the average deal has swelled up since 2016 our analysis revealed that average deal sizes have gone up substantially and rounds are closing in record time it almost quadrupled to usd 18 million in 2021 from usd 48 million in 2016 our data show and this happened because the early entrants who figured out how to build successful bussiness model now need far more capital to enact their surging ambitionsaccording to madhavan increase in deal size has a direct correlation with positive market sentiments currently about 1314 have approved and notified dedicated ev policies some are on the verge of finalizing such moves are enough to create buzz and catch the eye balls of investors with massive cash piles secondly as the ev sector is getting mature and more competitive the amount of capital the pe and vc offer tend to increase he added outlook the variety of planned evs is broad and so the pullahead in startups is real and they