DPIIT, Ather Ink MoU to Boost EV Startups & Deep-Tech Innovation
In a significant move to accelerate the growth of 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 support the Build in Bharat initiative led by the Startup Policy Forum, a coalition of over 50 innovation-driven startups, to boost electric vehicles and sustainable manufacturing in India.
The MoU was signed in the presence of senior officials from the DPIIT, Ather Energy, and other stakeholders, marking a crucial step towards fostering innovation and entrepreneurship in the country. The partnership will focus on promoting EV startups, deep-tech innovation, and sustainable manufacturing, thereby contributing to India’s vision of becoming a global leader in clean mobility and advanced manufacturing.
Supporting India’s Clean Mobility Ambitions
India has been actively promoting the adoption of electric vehicles to reduce greenhouse gas emissions, improve air quality, and enhance energy security. The government has set ambitious targets to increase the share of EVs in the country’s vehicle fleet, with a goal of reaching 30% of all new vehicle sales by 2030. The DPIIT-Ather Energy partnership is a significant step towards achieving these targets, as it will facilitate the growth of EV startups and the development of innovative solutions for the sector.
Ather Energy, with its expertise in EV manufacturing and technology, will work closely with the DPIIT to identify and address key challenges in the EV ecosystem, including infrastructure development, battery technology, and charging infrastructure. The partnership will also focus on promoting the adoption of EVs among Indian consumers, particularly in the urban and semi-urban areas.
Deep-Tech Innovation and Sustainable Manufacturing
The DPIIT-Ather Energy partnership will also focus on promoting deep-tech innovation and sustainable manufacturing in India. Deep-tech innovation refers to the development of cutting-edge technologies, such as artificial intelligence, machine learning, and data analytics, which have the potential to transform various industries, including manufacturing.
The partnership will encourage startups and innovators to develop sustainable manufacturing solutions, including those related to EVs, clean energy, and advanced materials. This will not only help reduce the environmental impact of manufacturing processes but also enhance the competitiveness of Indian industries globally.
Boosting the Startup Ecosystem
The DPIIT-Ather Energy partnership is also expected to boost the startup ecosystem in India, particularly in the clean mobility and advanced manufacturing sectors. The partnership will provide startups with access to funding, mentorship, and networking opportunities, enabling them to scale their businesses and create new job opportunities.
The Startup Policy Forum, which is leading the Build in Bharat initiative, has already brought together over 50 innovation-driven startups from various sectors, including EVs, clean energy, and advanced materials. The DPIIT-Ather Energy partnership will help these startups access the necessary resources and support to grow their businesses and contribute to India’s clean mobility and advanced manufacturing ambitions.
Conclusion
The DPIIT-Ather Energy partnership is a significant milestone in India’s journey towards a clean mobility and advanced manufacturing future. The partnership will facilitate the growth of EV startups, promote deep-tech innovation, and support sustainable manufacturing, thereby contributing to the country’s vision of becoming a global leader in these sectors.
As India continues to navigate the challenges of climate change, energy security, and economic growth, partnerships like the DPIIT-Ather Energy MoU will play a critical role in driving innovation and entrepreneurship in the country. We can expect to see exciting developments in the clean mobility and advanced manufacturing sectors in the coming years, and this partnership is a significant step in the right direction.
