DPIIT and Ather Ink MoU to Boost EV Startups and Deep-Tech Innovation
India has been making significant strides in the electric vehicle (EV) and deep-tech innovation sectors, with the government and industry players collaborating to create a conducive ecosystem for growth and innovation. The latest development in this direction is the signing of a Memorandum of Understanding (MoU) between the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, and Ather Energy, a leading Indian EV startup. This partnership aims to boost India’s clean mobility and advanced manufacturing sectors, further accelerating the growth of the startup ecosystem.
The MoU was signed in the presence of senior officials from the DPIIT and Ather Energy, marking a significant milestone in the government’s efforts to promote innovation and entrepreneurship in the country. This partnership supports the Build in Bharat initiative led by the Startup Policy Forum, a coalition of over 50 innovation-driven startups, which aims to accelerate growth and innovation in electric vehicles and sustainable manufacturing in India.
Under the terms of the MoU, DPIIT and Ather Energy will collaborate to identify and support EV startups and deep-tech innovators, providing them with access to funding, mentorship, and networking opportunities. The partnership will also focus on creating a robust ecosystem for the growth of EV startups, including the development of infrastructure, standards, and testing facilities.
The Build in Bharat initiative, which is the driving force behind this partnership, aims to create a self-sustaining ecosystem for startups in India. The initiative brings together industry players, academia, and government agencies to create a conducive environment for innovation and entrepreneurship. The partnership between DPIIT and Ather Energy is a significant step forward in this direction, as it will enable the sharing of expertise, resources, and best practices between the two parties.
Ather Energy, which has been at the forefront of India’s EV revolution, has already made significant strides in the country’s automotive landscape. The company has developed a range of innovative EV products, including the Ather 450, which has been well-received by the Indian market. The company’s partnership with DPIIT is expected to further accelerate its growth, as it will provide access to a wider range of resources and expertise.
The DPIIT, which is responsible for promoting industry and internal trade in India, has been actively working to promote the growth of the startup ecosystem in the country. The department has been instrumental in launching a range of initiatives aimed at creating a conducive environment for innovation and entrepreneurship, including the Startup India initiative, which was launched in 2016.
The Startup India initiative aims to create a supportive ecosystem for startups in India, providing them with access to funding, mentorship, and networking opportunities. The initiative has been successful in promoting the growth of the startup ecosystem in India, with the country now home to over 50,000 startups.
In addition to the partnership with Ather Energy, DPIIT has also been working closely with other industry players to promote the growth of the EV sector in India. The department has been actively engaging with automakers, component suppliers, and other stakeholders to create a robust ecosystem for the growth of EVs in India.
The growth of the EV sector in India is expected to have a significant impact on the country’s economy, as it will create new job opportunities and stimulate innovation. The sector is also expected to play a key role in reducing India’s carbon footprint, as EVs are a more environmentally friendly alternative to traditional internal combustion engine vehicles.
In conclusion, the partnership between DPIIT and Ather Energy is a significant step forward in the government’s efforts to promote innovation and entrepreneurship in India. The partnership will provide a boost to the EV startup ecosystem in India, enabling the growth of new businesses and the creation of new job opportunities. The partnership will also promote the growth of deep-tech innovation in India, enabling the development of new technologies and products that can be exported to other countries.
