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 aimed at boosting the growth and innovation of electric vehicle (EV) startups and deep-tech innovation in India.
The MoU, signed recently, is 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 create a supportive ecosystem for startups to accelerate their growth and innovation in the EV and sustainable manufacturing sectors.
Ather Energy, a pioneer in the electric two-wheeler segment, has been at the forefront of promoting sustainable mobility in the country. With its innovative products and services, the company has been working towards creating a cleaner and more sustainable transportation ecosystem. The MoU with DPIIT is a significant step forward in this direction, as it will enable Ather Energy to leverage the government’s resources and support to scale up its operations and contribute to the growth of the EV sector in India.
Under the MoU, DPIIT and Ather Energy will collaborate to promote the growth of EV startups and deep-tech innovation in India. The partnership will focus on creating a conducive ecosystem for startups to innovate and scale up their operations, with a particular emphasis on electric vehicles and sustainable manufacturing.
The partnership will also help to address some of the key challenges faced by EV startups in India, including lack of access to funding, limited availability of charging infrastructure, and regulatory hurdles. DPIIT and Ather Energy will work together to identify and address these challenges, and to create a supportive ecosystem that enables EV startups to thrive.
The MoU is also expected to drive innovation and investment in India’s EV sector, which is seen as a key driver of growth and employment in the country. With the government’s support and encouragement, EV startups are expected to create new opportunities for employment and entrepreneurship, and to contribute to the growth of India’s economy.
In addition to promoting EV startups and deep-tech innovation, the MoU with DPIIT is also expected to help Ather Energy to scale up its operations and expand its product offerings. The company plans to use the partnership to leverage the government’s resources and support to expand its manufacturing capacity, and to launch new products and services that cater to the evolving needs of the Indian market.
The MoU is a significant step forward in the growth of India’s EV sector, and is expected to have a positive impact on the country’s economy and environment. With the government’s support and encouragement, EV startups are expected to play a key role in driving growth and innovation in India, and to contribute to the country’s transition to a more sustainable and environmentally friendly transportation system.
Conclusion
The MoU between DPIIT and Ather Energy is a significant step forward in India’s journey towards a cleaner and more sustainable transportation system. The partnership is expected to drive innovation and investment in the EV sector, and to create new opportunities for employment and entrepreneurship in the country. With the government’s support and encouragement, EV startups are expected to play a key role in driving growth and innovation in India, and to contribute to the country’s transition to a more sustainable and environmentally friendly transportation system.
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