DPIIT, Ather Ink MoU to Boost EV Startups & Deep-Tech Innovation
In a significant move to propel 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 is expected to accelerate the growth and innovation of EV startups and deep-tech companies 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, aiming to create a robust ecosystem that fosters entrepreneurship, innovation, and job creation in the country. The partnership between DPIIT and Ather Energy is a significant step towards achieving this goal, as it will provide a platform for EV startups and deep-tech companies to collaborate, innovate, and scale up their businesses.
Boosting EV Startups and Deep-Tech Innovation
The MoU between DPIIT and Ather Energy is focused on promoting EV startups and deep-tech innovation in India. Ather Energy is a pioneer in the Indian EV industry, known for its innovative products and solutions. The company’s partnership with DPIIT aims to create a conducive environment for EV startups to grow, innovate, and scale up their businesses.
Under the MoU, DPIIT and Ather Energy will work together to identify and support EV startups and deep-tech companies that are working on innovative solutions related to EVs, sustainable manufacturing, and clean energy. The partnership will also facilitate collaborations between these startups and Ather Energy, enabling them to leverage each other’s expertise, resources, and networks.
Build in Bharat Initiative
The Build in Bharat initiative is a flagship program of the Startup Policy Forum, aimed at promoting entrepreneurship, innovation, and job creation in India. The initiative brings together startups, investors, corporates, and government agencies to create a robust ecosystem that supports the growth of innovation-driven startups.
The Build in Bharat initiative is focused on creating a favorable environment for startups to build and scale their businesses in India. The program is designed to address the challenges faced by startups, including access to funding, talent, and market, and to provide them with the necessary support and resources to succeed.
Government Support for EV Startups and Deep-Tech Innovation
The partnership between DPIIT and Ather Energy is a significant step towards promoting EV startups and deep-tech innovation in India. The government has been actively supporting the growth of the EV industry in the country, through various initiatives and policies.
In 2020, the government launched the National Electric Mobility Mission Plan 2020, aimed at promoting the adoption of EVs in the country. The plan aims to achieve a market share of 30% for EVs in the country’s total vehicle sales by 2030.
The government has also launched various schemes and programs to support the growth of EV startups and deep-tech companies in India. These schemes include the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, the National Scheme for Financial Support to MSMEs, and the Startup India initiative.
Conclusion
The partnership between DPIIT and Ather Energy is a significant step towards promoting EV startups and deep-tech innovation in India. The partnership will provide a platform for EV startups and deep-tech companies to collaborate, innovate, and scale up their businesses, aligning with the Build in Bharat initiative led by the Startup Policy Forum.
The government’s support for EV startups and deep-tech innovation is expected to create a favorable environment for entrepreneurship and innovation in the country. As the partnership between DPIIT and Ather Energy progresses, it is expected to create new opportunities for EV startups and deep-tech companies to grow and succeed in India.
Source:
