DPIIT and Ather Ink MoU to Boost EV Startups and 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) startup. This partnership is aimed at accelerating growth and innovation in the electric vehicle and sustainable manufacturing sectors in India.
The MoU is part of the Build in Bharat initiative led by the Startup Policy Forum, a coalition of over 50 innovation-driven startups, which aims to support the growth of EV startups and deep-tech innovation in the country. The collaboration between DPIIT and Ather Energy is expected to create a conducive ecosystem for EV startups to thrive, drive innovation, and contribute to India’s transition towards a cleaner and more sustainable mobility sector.
Under the MoU, DPIIT and Ather Energy will work together to identify and address key challenges faced by EV startups, including access to funding, talent, and infrastructure. The partnership will also focus on promoting the development of electric two-wheelers and three-wheelers, as well as supporting the growth of EV charging infrastructure across the country.
Ather Energy, which has been at the forefront of India’s EV revolution, has already made significant strides in the industry. The company has launched several innovative products, including its popular Ather 450X electric scooter, which has received widespread acclaim for its performance, range, and features. With this partnership, Ather Energy plans to expand its product portfolio and reach new markets, while also promoting the adoption of EVs across the country.
The MoU is also expected to drive innovation in the EV sector, with DPIIT and Ather Energy working together to develop new technologies and solutions that can help overcome the challenges faced by EV startups. This includes the development of advanced battery technologies, more efficient charging systems, and the creation of a robust EV ecosystem that can support the growth of the industry.
The partnership is also expected to create new job opportunities in the EV sector, both directly and indirectly, and drive economic growth by promoting the development of a sustainable and environmentally friendly mobility sector. The Indian government has set ambitious targets for the EV sector, aiming to have 30% of all new vehicle sales in the country to be electric by 2030. The partnership between DPIIT and Ather Energy is expected to play a significant role in achieving this goal.
The Build in Bharat initiative, which is being led by the Startup Policy Forum, is a coalition of over 50 innovation-driven startups that aim to support the growth of EV startups and deep-tech innovation in the country. The initiative is focused on promoting the development of innovative products and services in the EV sector, as well as supporting the growth of EV startups and deep-tech companies.
The partnership between DPIIT and Ather Energy is a significant milestone for the Build in Bharat initiative, and is expected to drive growth and innovation in the EV sector. The initiative is also expected to create new opportunities for startups and deep-tech companies to collaborate and innovate, and to support the growth of a sustainable and environmentally friendly mobility sector in India.
In conclusion, the partnership between DPIIT and Ather Energy is a significant step forward in India’s journey towards a cleaner and more sustainable mobility sector. The MoU is expected to drive growth and innovation in the EV sector, promote the development of sustainable manufacturing practices, and support the growth of EV startups and deep-tech companies in the country.
