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.
The MoU was signed in the presence of senior officials from the DPIIT, Ather Energy, and the Startup Policy Forum. The partnership is expected to create a conducive ecosystem for EV startups, deep-tech innovation, and sustainable manufacturing in India.
Accelerating Growth and Innovation in EV Sector
The EV sector has been growing rapidly in India, driven by government initiatives, decreasing battery costs, and increasing consumer awareness. However, the sector still faces challenges such as limited charging infrastructure, high production costs, and lack of standardized testing protocols. The DPIIT-Ather Energy MoU aims to address these challenges by providing a platform for collaboration, knowledge sharing, and innovation.
Under the partnership, Ather Energy will work closely with the DPIIT to identify and address the key challenges faced by EV startups in India. The company will also provide technical expertise and resources to support the growth of EV startups, including access to its manufacturing facilities, testing infrastructure, and supply chain.
Deep-Tech Innovation and Sustainable Manufacturing
The partnership also focuses on promoting deep-tech innovation and sustainable manufacturing practices in India. Ather Energy is a pioneer in the field of EV technology, and its expertise will be instrumental in driving innovation in areas such as battery technology, charging infrastructure, and vehicle design.
The DPIIT-Ather Energy MoU will also promote sustainable manufacturing practices in the EV sector, including the use of recycled materials, energy-efficient manufacturing processes, and waste reduction strategies. This will not only reduce the environmental impact of EV manufacturing but also create a competitive advantage for Indian EV startups in the global market.
Build in Bharat Initiative
The Build in Bharat initiative, led by the Startup Policy Forum, aims to accelerate the growth and innovation of Indian startups across various sectors, including EVs, clean energy, and advanced manufacturing. The initiative brings together over 50 innovation-driven startups, research institutions, and industry associations to promote collaboration, knowledge sharing, and innovation.
The DPIIT-Ather Energy MoU is a significant milestone for the Build in Bharat initiative, as it provides a platform for EV startups to collaborate with a leading industry player and access resources, expertise, and funding opportunities. The partnership will also help to create a robust ecosystem for EV startups in India, including access to testing infrastructure, manufacturing facilities, and supply chain.
Conclusion
The DPIIT-Ather Energy MoU is a significant step towards promoting India’s clean mobility and advanced manufacturing sectors. The partnership will create a conducive ecosystem for EV startups, deep-tech innovation, and sustainable manufacturing in India, and will help to accelerate the growth of the EV sector.
As India aims to become a global leader in clean mobility and advanced manufacturing, partnerships like the DPIIT-Ather Energy MoU will play a critical role in driving innovation, creating jobs, and reducing environmental impact. We can expect to see more such partnerships in the future, as the Indian government and industry players work together to create a sustainable and competitive economy.
