
DPIIT and Ather Ink MoU to Boost EV Startups & Deep-Tech Innovation
In a significant move to promote 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 pioneering electric vehicle (EV) manufacturer. This partnership aims to accelerate growth and innovation in the electric vehicle and sustainable manufacturing sectors in India, aligning with the Build in Bharat initiative led by the Startup Policy Forum.
The Startup Policy Forum is a coalition of over 50 innovation-driven startups, which has been instrumental in shaping India’s startup ecosystem. The Build in Bharat initiative, launched by the forum, seeks to promote domestic manufacturing, innovation, and entrepreneurship in the country. The DPIIT-Ather Energy MoU is a significant milestone in this initiative, as it brings together a key government agency and a leading EV startup to drive change in the mobility and manufacturing sectors.
Under the MoU, DPIIT and Ather Energy will collaborate to create a conducive environment for EV startups, deep-tech innovation, and sustainable manufacturing in India. The partnership will focus on several key areas, including:
- Supporting EV Startups: The partnership will provide a platform for EV startups to access funding, mentorship, and resources, enabling them to scale up their operations and contribute to the growth of the EV ecosystem in India.
- Deep-Tech Innovation: DPIIT and Ather Energy will work together to promote deep-tech innovation in areas such as electric powertrains, battery technology, and autonomous driving, which are critical for the development of sustainable mobility solutions.
- Sustainable Manufacturing: The partnership will focus on promoting sustainable manufacturing practices in the EV sector, including the use of renewable energy, waste reduction, and recycling of materials.
- Investment and Funding: The MoU will facilitate investment and funding opportunities for EV startups and deep-tech innovators, enabling them to access the resources they need to scale up their operations.
The DPIIT-Ather Energy partnership is expected to have a significant impact on India’s clean mobility and advanced manufacturing sectors. With the government’s support, EV startups will be able to access the resources they need to grow and innovate, while Ather Energy will be able to expand its operations and contribute to the growth of the EV ecosystem in India.
Ather Energy, which has been at the forefront of India’s EV revolution, has already made significant strides in the sector. The company has developed a range of electric scooters and is working on expanding its product portfolio to include electric motorcycles and other mobility solutions. The partnership with DPIIT will enable Ather Energy to accelerate its growth and innovation efforts, while also contributing to the development of a sustainable mobility ecosystem in India.
The DPIIT-Ather Energy MoU is a testament to the growing importance of the EV sector in India’s mobility landscape. As the country looks to reduce its dependence on fossil fuels and promote sustainable mobility solutions, the partnership between DPIIT and Ather Energy will play a key role in driving innovation and growth in the sector.
In conclusion, the DPIIT-Ather Energy MoU is a significant development in India’s clean mobility and advanced manufacturing sectors. The partnership will provide a platform for EV startups and deep-tech innovators to access funding, mentorship, and resources, enabling them to scale up their operations and contribute to the growth of the EV ecosystem in India. As the country looks to promote sustainable mobility solutions and reduce its dependence on fossil fuels, the DPIIT-Ather Energy partnership will play a key role in driving innovation and growth in the sector.