DPIIT, Ather Ink MoU to Boost EV Startups & Deep-Tech Innovation
In a significant move to accelerate 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 two-wheeler manufacturer. This partnership is a significant step towards the Build in Bharat initiative led by the Startup Policy Forum, a coalition of over 50 innovation-driven startups.
The MoU aims to support and promote electric vehicle (EV) startups and deep-tech innovation in the country. Ather Energy, known for its cutting-edge technology and innovative products, will work closely with DPIIT to identify and support promising startups in the EV space. This collaboration will not only foster growth and innovation in the sector but also contribute to the government’s vision of making India a hub for clean mobility and sustainable manufacturing.
Accelerating Growth and Innovation in EV Startups
The partnership between DPIIT and Ather Energy is a significant boost to India’s EV startup ecosystem. The MoU will enable Ather Energy to provide mentorship, guidance, and resources to promising startups, helping them navigate the challenges of scaling up and commercializing their products. This support will be critical in accelerating the growth and innovation of EV startups, which is essential for India to achieve its ambitious targets for electric vehicle adoption.
The partnership also aims to promote deep-tech innovation in the EV sector, focusing on areas such as battery technology, charging infrastructure, and vehicle design. Ather Energy’s expertise in these areas will be leveraged to support startups in developing innovative solutions that can address the unique challenges of the Indian market.
Supporting the Build in Bharat Initiative
The MoU between DPIIT and Ather Energy is a significant milestone in the Build in Bharat initiative, which aims to accelerate growth and innovation in India’s startup ecosystem. The initiative, led by the Startup Policy Forum, brings together a coalition of over 50 innovation-driven startups, industry associations, and government agencies to promote entrepreneurship and innovation in the country.
The Build in Bharat initiative focuses on creating a supportive ecosystem for startups, providing them with resources, mentorship, and guidance to scale up and commercialize their products. The partnership with Ather Energy is a significant step towards achieving this goal, as it will provide EV startups with access to expertise, resources, and funding opportunities.
Benefits of the Partnership
The partnership between DPIIT and Ather Energy will have several benefits for the EV startup ecosystem in India. Some of the key benefits include:
- Accelerated growth and innovation in the EV sector: The partnership will provide EV startups with access to expertise, resources, and funding opportunities, enabling them to accelerate their growth and innovation.
- Promotion of deep-tech innovation: The partnership will focus on promoting deep-tech innovation in the EV sector, addressing the unique challenges of the Indian market and developing innovative solutions.
- Support for startup growth: The partnership will provide support to promising startups in the EV space, helping them navigate the challenges of scaling up and commercializing their products.
- Contribution to the government’s vision: The partnership will contribute to the government’s vision of making India a hub for clean mobility and sustainable manufacturing, supporting the country’s transition to a low-carbon economy.
Conclusion
The partnership between DPIIT and Ather Energy is a significant step towards accelerating growth and innovation in India’s EV startup ecosystem. The MoU will provide EV startups with access to expertise, resources, and funding opportunities, enabling them to accelerate their growth and innovation. The partnership will also promote deep-tech innovation in the EV sector, addressing the unique challenges of the Indian market and developing innovative solutions.
As India continues to transition to a low-carbon economy, partnerships like this will play a critical role in driving growth and innovation in the EV sector. The Build in Bharat initiative, led by the Startup Policy Forum, will continue to promote entrepreneurship and innovation in the country, supporting the growth of India’s startup ecosystem.
