DPIIT, Ather ink MoU to boost EV startups & deep-tech innovation
In a significant move to propel 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, a leading electric vehicle (EV) manufacturer. This partnership aims to accelerate growth and innovation in electric vehicles and sustainable manufacturing in India, aligning with the Build in Bharat initiative led by the Startup Policy Forum.
The Startup Policy Forum is a coalition of over 50 innovation-driven startups that have come together to shape the future of India’s startup ecosystem. The Build in Bharat initiative is a key component of this effort, focusing on creating a robust and supportive environment for startups to flourish in the country. The DPIIT-Ather Energy MoU is a significant milestone in this endeavor, as it brings together a government agency and a pioneering EV company to drive innovation and growth in the EV sector.
Under the terms of the MoU, Ather Energy will collaborate with DPIIT to support the growth of EV startups in India. The partnership will focus on facilitating knowledge sharing, capacity building, and access to funding opportunities for EV startups. Additionally, Ather Energy will work with DPIIT to develop and implement initiatives that promote the adoption of EVs, create a supportive ecosystem for EV startups, and address the challenges faced by the sector.
Ather Energy, known for its innovative approach to electric mobility, has been at the forefront of India’s EV revolution. The company’s products, such as the Ather 450X and Ather 450 Plus, have received widespread acclaim for their performance, range, and features. With this MoU, Ather Energy aims to leverage its expertise to support the growth of the EV ecosystem in India and promote sustainable mobility.
The DPIIT-Ather Energy partnership is also expected to create a positive impact on India’s manufacturing sector. By promoting the adoption of EVs and supporting the growth of EV startups, the partnership is likely to create new job opportunities, stimulate local economic growth, and contribute to the development of advanced manufacturing capabilities in India.
The MoU is also in line with the government’s vision to promote the adoption of EVs and reduce India’s carbon footprint. The government has set ambitious targets to increase the adoption of EVs, with a goal to have 30% of all new vehicle sales in the country be electric by 2030. To achieve this goal, the government has announced a range of initiatives, including incentives for EV buyers, investments in EV charging infrastructure, and support for the growth of the EV ecosystem.
The DPIIT-Ather Energy MoU is a significant step forward in the government’s efforts to promote the adoption of EVs and support the growth of the EV ecosystem in India. The partnership has the potential to create a positive impact on the country’s clean mobility and advanced manufacturing sectors, and is likely to pave the way for further collaborations between the government and the private sector.
In conclusion, the DPIIT-Ather Energy MoU is a significant development in India’s EV sector, and has the potential to create a positive impact on the country’s clean mobility and advanced manufacturing sectors. The partnership is a testament to the government’s commitment to promoting sustainable mobility and supporting the growth of innovation-driven startups in the country.
