DPIIT, Ather Ink MoU to Boost EV Startups & Deep-Tech Innovation
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has taken a significant step forward in promoting India’s clean mobility and advanced manufacturing sectors by signing a Memorandum of Understanding (MoU) with Ather Energy, a leading electric vehicle (EV) manufacturer. This partnership is expected to accelerate growth and innovation in the EV and sustainable manufacturing sectors in India, aligning with the country’s vision to become a global hub for clean energy and advanced technologies.
Under the MoU, DPIIT and Ather Energy will collaborate to support start-ups and deep-tech innovations in the EV space, with a focus on accelerating the adoption of electric vehicles, promoting sustainable manufacturing practices, and fostering a conducive ecosystem for innovation and entrepreneurship. The partnership is in line with the Build in Bharat initiative led by the Startup Policy Forum, a coalition of over 50 innovation-driven start-ups, with the aim of promoting India as a preferred destination for start-ups and innovation.
Ather Energy, a pioneering EV manufacturer, has been at the forefront of India’s electric mobility revolution. With its innovative products and services, the company has been driving the adoption of electric vehicles in India, reducing carbon emissions, and promoting sustainable transportation. The partnership with DPIIT is a significant milestone for Ather Energy, as it will provide access to a wider range of resources, expertise, and networks, enabling the company to accelerate its growth and innovation initiatives.
The partnership will focus on several key areas, including:
- Start-up Support: DPIIT and Ather Energy will work together to support start-ups in the EV space, providing them with access to resources, mentorship, and funding opportunities. This will enable start-ups to scale up their operations, innovate, and create jobs, contributing to the growth of the EV sector in India.
- Deep-Tech Innovation: The partnership will focus on promoting deep-tech innovations in the EV space, such as advanced battery technologies, electric motor designs, and sustainable manufacturing practices. This will enable Indian start-ups and industries to develop cutting-edge technologies, reducing dependence on imports, and promoting self-sufficiency in the sector.
- Sustainable Manufacturing: DPIIT and Ather Energy will work together to promote sustainable manufacturing practices in the EV sector, focusing on reducing waste, minimizing environmental impact, and promoting circular economy principles. This will enable Indian industries to produce environmentally friendly products, reducing the country’s carbon footprint, and promoting sustainable development.
- Innovation Hubs: The partnership will establish innovation hubs in various parts of the country, providing start-ups and industries with access to state-of-the-art infrastructure, expertise, and networks. This will enable innovation and entrepreneurship to thrive, promoting growth and development in the EV sector.
The partnership between DPIIT and Ather Energy is a significant step forward in promoting India’s clean mobility and advanced manufacturing sectors. It demonstrates the government’s commitment to supporting innovation and entrepreneurship, promoting sustainable development, and reducing carbon emissions. The partnership is also expected to create job opportunities, drive economic growth, and promote India as a global hub for clean energy and advanced technologies.
In conclusion, the MoU between DPIIT and Ather Energy is a significant milestone in India’s journey towards becoming a global leader in clean energy and advanced technologies. The partnership will support start-ups and deep-tech innovations in the EV space, promote sustainable manufacturing practices, and foster a conducive ecosystem for innovation and entrepreneurship. As India continues to evolve as a hub for clean energy and advanced technologies, partnerships like this will play a crucial role in driving growth, innovation, and sustainable development.
