DPIIT, Ather Ink MoU to Boost EV Startups & Deep-Tech Innovation
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, to boost India’s clean mobility and advanced manufacturing sectors. This partnership supports the Build in Bharat initiative led by the Startup Policy Forum, a coalition of 50+ innovation-driven startups, aiming to accelerate growth and innovation in electric vehicles and sustainable manufacturing in India.
The MoU was signed in the presence of senior officials from the DPIIT and Ather Energy, marking a significant step towards fostering a conducive ecosystem for EV startups and deep-tech innovation in the country. The partnership is expected to create a multiplier effect, driving economic growth, job creation, and sustainable development in India.
Building a Strong Ecosystem for EV Startups
The Build in Bharat initiative, launched by the Startup Policy Forum, aims to create a robust ecosystem for EV startups in India. The initiative focuses on fostering innovation, entrepreneurship, and investment in the electric vehicle sector, with a specific emphasis on sustainable manufacturing and energy storage solutions.
Ather Energy, as a leading player in the EV space, brings its expertise and experience to the table, supporting the DPIIT in creating a comprehensive framework for EV startups. The company’s commitment to innovation and sustainability aligns with the government’s vision of transforming India into a global leader in clean energy and mobility.
Deep-Tech Innovation and Advanced Manufacturing
The partnership between DPIIT and Ather Energy also aims to promote deep-tech innovation and advanced manufacturing in India. The MoU recognizes the importance of cutting-edge technology and manufacturing capabilities in driving the adoption of EVs and sustainable solutions.
Ather Energy’s expertise in battery technology, electric motor design, and manufacturing processes will be leveraged to develop high-quality EV products and solutions. The company’s collaboration with the DPIIT will also facilitate knowledge sharing, capacity building, and skills development in the EV sector, ensuring that Indian startups and companies have access to world-class expertise and resources.
Accelerating Growth and Innovation
The DPIIT-Ather Energy MoU will accelerate growth and innovation in the EV sector, creating new opportunities for startups, investors, and industry stakeholders. The partnership will also attract foreign investment, foster international collaborations, and promote India as a hub for EV innovation and manufacturing.
The Build in Bharat initiative, backed by the DPIIT and Ather Energy, will play a crucial role in driving the adoption of EVs and sustainable solutions in India. The partnership will also support the government’s efforts to achieve its ambitious targets for EV adoption, including the goal of reaching 30% EV penetration in the country by 2030.
Outlook and Impact
The DPIIT-Ather Energy MoU has significant implications for the Indian EV sector, startups, and the broader economy. The partnership will:
- Foster a robust ecosystem for EV startups, providing access to funding, mentorship, and resources.
- Promote deep-tech innovation and advanced manufacturing in India, driving the development of high-quality EV products and solutions.
- Support the government’s efforts to achieve its EV adoption targets, contributing to a reduction in greenhouse gas emissions and air pollution.
- Create new opportunities for job creation, entrepreneurship, and economic growth in the EV sector.
In conclusion, the DPIIT-Ather Energy MoU represents a significant milestone in India’s journey towards a clean mobility future. The partnership will accelerate growth and innovation in the EV sector, creating a robust ecosystem for startups and promoting deep-tech innovation and advanced manufacturing in the country.
