DPIIT, Ather Ink MoU to Boost EV Startups & Deep-Tech Innovation
In a significant move to accelerate India’s clean mobility and advanced manufacturing sectors, the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has signed a Memorandum of Understanding (MoU) with Ather Energy. This partnership aims to support the ‘Build in Bharat’ initiative led by the Startup Policy Forum, a coalition of over 50 innovation-driven startups.
The ‘Build in Bharat’ initiative is a collaborative effort to accelerate growth and innovation in electric vehicles (EVs) and sustainable manufacturing in India. The DPIIT-Ather Energy MoU is a significant milestone in this journey, as it brings together the government’s commitment to promoting entrepreneurship and innovation with Ather Energy’s expertise in the EV space.
Accelerating EV Startups and Deep-Tech Innovation
The MoU between DPIIT and Ather Energy focuses on several key areas, including:
- Co-creation of Innovation Hubs: The partnership aims to establish innovation hubs in various parts of the country, which will serve as incubators for EV startups and deep-tech companies. These hubs will provide access to state-of-the-art infrastructure, mentorship, and funding opportunities.
- Capacity Building and Training: DPIIT and Ather Energy will collaborate to develop training programs for EV startups and deep-tech companies. These programs will focus on topics such as product design, manufacturing, and testing, as well as regulatory compliance and industry best practices.
- Funding and Investment: The MoU includes a commitment to explore funding and investment opportunities for EV startups and deep-tech companies. This will involve identifying potential investors, providing access to funding platforms, and facilitating partnerships between startups and industry players.
- Regulatory Support: DPIIT and Ather Energy will work together to simplify regulatory processes and create a conducive environment for EV startups and deep-tech companies. This will involve engaging with government agencies, providing regulatory guidance, and advocating for policy changes that support the growth of the EV and deep-tech sectors.
A Boost to India’s Clean Mobility Sector
The DPIIT-Ather Energy MoU is a significant development for India’s clean mobility sector, which is expected to play a crucial role in reducing the country’s carbon footprint and meeting its climate change targets. The partnership will support the growth of EV startups, which are critical to the development of a robust and sustainable EV ecosystem in India.
Ather Energy’s Expertise in EV Space
Ather Energy is a leading EV manufacturer in India, known for its innovative products and commitment to sustainability. The company has developed a range of electric scooters and cars, which are designed to provide a seamless and enjoyable driving experience. Ather Energy’s expertise in the EV space will be invaluable in supporting the growth of EV startups and deep-tech companies under the ‘Build in Bharat’ initiative.
Conclusion
The DPIIT-Ather Energy MoU is a significant partnership that demonstrates the government’s commitment to promoting entrepreneurship and innovation in India’s clean mobility and advanced manufacturing sectors. The partnership will support the growth of EV startups and deep-tech companies, which are critical to the development of a robust and sustainable EV ecosystem in India. As the country continues to transition to a low-carbon economy, the DPIIT-Ather Energy MoU is an important step towards achieving its climate change targets and ensuring a sustainable future for generations to come.
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