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 is a major step towards achieving the goals of the Build in Bharat initiative, led by the Startup Policy Forum, a coalition of over 50 innovation-driven startups.
The MoU aims to support the growth and innovation of EV startups and deep-tech companies in India, fostering a collaborative ecosystem that drives the country’s transition to a low-carbon economy. The partnership will focus on promoting cutting-edge technologies, innovative products, and sustainable manufacturing practices in the EV sector.
Ather Energy, a pioneer in the Indian EV market, has been at the forefront of revolutionizing the country’s mobility landscape. With its range of innovative products, including the popular Ather 450 and Ather 450X, the company has set a new standard for EVs in India. The partnership with DPIIT is a significant milestone for Ather Energy, as it will enable the company to leverage the government’s support and resources to accelerate its growth and expansion plans.
The Build in Bharat initiative, led by the Startup Policy Forum, is a comprehensive program aimed at fostering innovation and entrepreneurship in India. The forum brings together a coalition of startups, entrepreneurs, and industry experts to identify and address key challenges and opportunities in the country’s startup ecosystem. The program focuses on creating a supportive environment for startups to grow, innovate, and scale, with a specific emphasis on driving growth and innovation in the EV and sustainable manufacturing sectors.
The DPIIT-Ather Energy MoU is a significant development in the context of India’s EV policy and the government’s commitment to promoting sustainable mobility. The partnership is expected to have far-reaching implications for the country’s automotive industry, as it will encourage the development of innovative products and services that are environmentally friendly and sustainable.
The MoU will also facilitate the sharing of best practices, knowledge, and expertise between DPIIT, Ather Energy, and other stakeholders in the EV sector. This will enable the development of new technologies, business models, and manufacturing processes that are capable of scaling up to meet the growing demand for electric vehicles in India.
In addition to promoting innovation and entrepreneurship, the partnership will also focus on creating a supportive ecosystem for EV startups and deep-tech companies. This will include providing access to funding, mentorship, and networking opportunities, as well as facilitating collaborations between startups, industry players, and academia.
The partnership is also expected to create new job opportunities in the EV sector, driving economic growth and development in regions where Ather Energy has a presence. The company has already established a strong presence in India, with manufacturing facilities in Hosur, Tamil Nadu, and sales and service networks across the country.
The DPIIT-Ather Energy MoU is a significant step towards achieving the government’s vision of making India a hub for EV manufacturing and innovation. The partnership will enable the country to leverage its strengths in technology, innovation, and entrepreneurship to drive growth and development in the EV sector, while also addressing the challenges of climate change and sustainable mobility.
In conclusion, the DPIIT-Ather Energy MoU is a landmark partnership that has the potential to transform India’s EV sector and promote sustainable mobility. The partnership will drive innovation, entrepreneurship, and growth in the EV sector, while also creating new job opportunities and driving economic development in regions where Ather Energy has a presence.
