DPIIT, Ather Ink MoU to Boost EV Startups & Deep-Tech Innovation
The Ministry of Commerce and Industry’s Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Ather Energy, a leading electric vehicle (EV) manufacturer in India. This partnership aims to accelerate the growth and innovation of EV startups and deep-tech companies in the country.
The MoU is a significant step towards realizing the vision of the Startup Policy Forum, a coalition of over 50 innovation-driven startups, which aims to promote the Build in Bharat initiative. This initiative seeks to drive growth and innovation in India’s clean mobility and advanced manufacturing sectors.
Ather Energy, founded in 2013, is a pioneer in the Indian EV industry. The company has been at the forefront of promoting sustainable mobility solutions, and its partnership with DPIIT is expected to have a significant impact on the country’s EV ecosystem.
Under the MoU, DPIIT and Ather Energy will collaborate on several initiatives aimed at boosting the growth of EV startups and deep-tech companies in India. Some of the key areas of focus include:
- Incubation and Acceleration: DPIIT and Ather Energy will work together to establish incubation and acceleration programs for EV startups and deep-tech companies. These programs will provide access to funding, mentorship, and expertise, enabling startups to scale up their operations and develop innovative solutions.
- R&D and Innovation: The partnership will facilitate joint research and development initiatives between DPIIT, Ather Energy, and other startups. This will enable the development of cutting-edge technologies and solutions that can be applied to the EV and manufacturing sectors.
- Capacity Building: DPIIT and Ather Energy will work together to build capacity among EV startups and deep-tech companies. This will include training programs, workshops, and conferences aimed at enhancing the skills and knowledge of startup founders and employees.
- Funding and Investment: The partnership will also facilitate access to funding and investment opportunities for EV startups and deep-tech companies. DPIIT and Ather Energy will collaborate with venture capital firms, angel investors, and other stakeholders to provide funding support to startups.
The MoU between DPIIT and Ather Energy is expected to have several benefits for the Indian EV industry. Some of the key benefits include:
- Accelerated Growth: The partnership will accelerate the growth of EV startups and deep-tech companies in India, enabling them to scale up their operations and develop innovative solutions.
- Increased Investment: The MoU will attract more investment into the Indian EV industry, enabling startups to access funding and resources that can help them grow and expand their operations.
- Improved Innovation: The partnership will facilitate joint research and development initiatives, enabling the development of cutting-edge technologies and solutions that can be applied to the EV and manufacturing sectors.
- Enhanced Capacity: The partnership will build capacity among EV startups and deep-tech companies, enabling them to develop the skills and knowledge required to succeed in the competitive EV industry.
The MoU between DPIIT and Ather Energy is a significant step towards realizing the vision of the Startup Policy Forum and the Build in Bharat initiative. The partnership will help boost the growth and innovation of EV startups and deep-tech companies in India, driving the country’s clean mobility and advanced manufacturing sectors forward.
