Zerodha founder Nikhil Kamath said the biggest bet this year has been electric vehicles. He said they invested in everything from scooters and buses to trucks and hopefully they will invest in air taxis next time.

Kamath also said he was bullish on the sector. In an episode of his podcast, 'WTF is up with Nikhil Kamath', the billionaire said that sectors such as electric vehicle companies, battery manufacturers and solar energy companies are particularly profitable.

In a social media post on Wednesday, Kamath said: “The biggest bet for me this year has been that all vehicles will be electric someday; We've invested in everything from scooters to buses to trucks, maybe air taxis next time…”

He said the transition to electric vehicles can be accelerated by recognizing climate issues. "Furthermore, the drop in cost per round-trip mile will hopefully benefit the initial arbitrage in expenses," he said.

Along with the social media post, he also posted pictures of a FinFloww and Gruhas study, which shows that renewable energy accounts for 46.3 percent of India's total installed capacity by October 2024. This growth is in line with that of India. To achieve 500 GW or 50% from renewable energy by 2030.

The research also supports the importance of battery energy storage systems (BESS) that can store excess energy when demand is low and release it during peak hours. The study added that BESS can cut energy bills by reducing peak demand loads, provide backup during power outages, reduce fossil fuel use and emissions, and stabilize the grid by balancing demand and supply.

In an earlier episode of his podcast, featuring Badshah, Kriti Sanon and KL Rahul, Kamath said the energy transition sector is a key area of ​​opportunity. "The energy transition is a very big thing in the world — most of the wars in our history have been fought over it," Kamath said.

Kamath said the power sector may not be very glamorous, but it offers high returns, especially in light of the government's incentives. He advised entrepreneurs to avoid overcrowded industries.