India, March 10 -- Two phrases - often used, but not overused just yet, and certainly not misused - have come to redefine India's booming startup economy over the last couple of years. If 'quick commerce' is the answer to the rapid acceleration in the way we live, then 'as a service' is the solution to our evolving lifestyle. And the two concepts have not just coexisted but helped each other thrive.

As green became the new black, electric vehicles (EVs) emerged as one of the most sought-after industries for both entrepreneurs and investors. In step with the evolving dynamics in the startup ecosystem came EV-as-a-Service (EVaaS), which soon turned a promising vertical and was set to see explosive demand in the coming years.

The governmen...