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 50+ innovation-driven startups, to accelerate innovation and growth in electric vehicles and sustainable manufacturing in India.
The MoU reinforces the government’s commitment to promoting the adoption of electric vehicles, reducing carbon emissions, and fostering a conducive ecosystem for startups and innovation in the country. It also underscores the DPIIT’s efforts to support the growth of the startup ecosystem, particularly in the deep-tech and innovation-driven sectors.
Ather Energy, a pioneer in the Indian EV industry, has been at the forefront of promoting sustainable mobility solutions. The company’s innovative products, such as the Ather 450X, have received widespread acclaim for their performance, range, and features. The partnership with DPIIT will enable Ather Energy to leverage the government’s support and resources to expand its operations, increase its production capacity, and accelerate the development of new electric vehicles.
The Build in Bharat initiative, led by the Startup Policy Forum, aims to create a robust ecosystem for startups and innovation in India. The initiative brings together a coalition of 50+ startups, incubators, accelerators, and industry partners to create a collaborative platform for growth, innovation, and entrepreneurship. The partnership with DPIIT and Ather Energy is a significant milestone in this initiative, as it will enable the startup ecosystem to access the government’s resources, expertise, and funding to drive innovation and growth.
The partnership will also focus on developing a comprehensive ecosystem for electric vehicles and sustainable manufacturing in India. This will include the development of charging infrastructure, creation of skilled workforce, and promotion of research and development in the sector. The partnership will also aim to promote the adoption of electric vehicles among consumers, governments, and companies, and to create a robust market for electric vehicles in India.
The DPIIT’s MoU with Ather Energy is a significant step towards achieving the government’s vision of making India a global hub for electric vehicles and sustainable manufacturing. The partnership will enable the government to leverage Ather Energy’s expertise and experience in the EV sector to drive innovation and growth in the country.
The partnership will also support the development of the startup ecosystem in India, particularly in the deep-tech and innovation-driven sectors. The government’s support will enable startups to access funding, mentorship, and resources to drive innovation and growth, and to create sustainable businesses that can compete globally.
In conclusion, the DPIIT’s MoU with Ather Energy is a significant milestone in India’s journey towards becoming a global hub for electric vehicles and sustainable manufacturing. The partnership will enable the government to leverage Ather Energy’s expertise and experience to drive innovation and growth in the country, and to create a robust ecosystem for startups and innovation in India.
