DPIIT, Ather ink MoU to boost EV startups & deep-tech innovation
India has been making significant strides in the electric vehicle (EV) sector, with the government announcing various initiatives to promote the adoption of clean mobility solutions. The latest development in this space is the signing of a Memorandum of Understanding (MoU) between the Department for Promotion of Industry and Internal Trade (DPIIT) and Ather Energy, a leading EV startup. This partnership aims to boost India’s clean mobility and advanced manufacturing sectors, aligning with the country’s vision to become a global leader in sustainable development.
The MoU was signed as part of the Build in Bharat initiative, led by the Startup Policy Forum, a coalition of over 50 innovation-driven startups. This initiative aims to accelerate growth and innovation in the EV and sustainable manufacturing sectors in India. The partnership will provide a unique platform for DPIIT and Ather Energy to collaborate on various projects, promoting the development of EV technology, sustainable manufacturing practices, and the growth of the startup ecosystem in India.
Ather Energy is a pioneer in the Indian EV space, known for its innovative products and services. The company has been at the forefront of promoting sustainable mobility solutions in India, and its partnership with DPIIT will further strengthen its position in the market. The MoU will enable Ather Energy to leverage DPIIT’s expertise and resources to expand its operations, develop new products, and create new job opportunities in the sector.
The DPIIT, a key department of the Ministry of Commerce and Industry, plays a vital role in promoting India’s startup ecosystem. The department has been actively working towards creating a conducive environment for startups to grow and thrive. The partnership with Ather Energy is a testament to DPIIT’s commitment to supporting innovation-driven startups and promoting sustainable development in India.
The MoU is expected to have several benefits for the Indian startup ecosystem, including:
- Accelerated growth: The partnership will provide Ather Energy with access to DPIIT’s resources and expertise, enabling the company to accelerate its growth and expansion plans.
- Increased investment: The collaboration will attract more investment into the Indian EV sector, creating new job opportunities and driving economic growth.
- Development of new products: The partnership will enable Ather Energy to develop new products and services, enhancing its competitiveness in the market and promoting innovation in the sector.
- Promotion of sustainable manufacturing: The MoU will promote sustainable manufacturing practices, reducing the environmental impact of the production process and aligning with India’s commitment to sustainable development.
The Build in Bharat initiative, led by the Startup Policy Forum, is a significant step towards promoting the growth of the Indian startup ecosystem. The initiative brings together over 50 innovation-driven startups, including Ather Energy, to promote innovation, entrepreneurship, and job creation in India. The partnership with DPIIT will further strengthen the initiative, providing a platform for startups to collaborate with the government and industry stakeholders to drive growth and innovation in the sector.
In conclusion, the MoU between DPIIT and Ather Energy is a significant development in the Indian EV sector, promoting clean mobility solutions and sustainable manufacturing practices. The partnership will accelerate growth and innovation in the sector, creating new job opportunities and driving economic growth in India. As the country continues to make strides in the EV sector, this partnership will play a vital role in promoting sustainable development and reducing India’s carbon footprint.
