DPIIT and Ather Ink MoU to Boost EV Startups and 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 promote India’s clean mobility and advanced manufacturing sectors. This partnership is expected to accelerate growth and innovation in the electric vehicles and sustainable manufacturing sectors in the country.
The MoU is a significant step towards achieving the goals of the Build in Bharat initiative, led by the Startup Policy Forum, a coalition of over 50 innovation-driven startups. The initiative aims to support the growth of startups and deep-tech innovation in India, particularly in the fields of electric vehicles, sustainable manufacturing, and clean energy.
Under the MoU, DPIIT and Ather Energy will collaborate to promote the development of EV startups and deep-tech innovation in India. The partnership will focus on providing support to startups in the form of funding, mentorship, and access to resources and networks. The two parties will also work together to promote the adoption of EVs and sustainable manufacturing practices in the country.
The MoU is expected to have a significant impact on the Indian startup ecosystem, particularly in the field of electric vehicles. India has set ambitious targets to promote the adoption of EVs, with a goal of having 30% of all new car sales be electric by 2030. The partnership between DPIIT and Ather Energy will help to support the growth of startups that are developing innovative solutions for the EV sector.
Ather Energy is a leading EV manufacturer in India, with a focus on developing high-performance, sustainable, and affordable EVs. The company has developed a range of EVs, including the Ather 450X, which is a high-performance EV with a range of over 140 km. Ather Energy has also developed a range of charging solutions, including fast-charging technology, to support the adoption of EVs.
The partnership between DPIIT and Ather Energy is a significant step towards achieving the goals of the Build in Bharat initiative. The initiative aims to support the growth of startups and deep-tech innovation in India, particularly in the fields of electric vehicles, sustainable manufacturing, and clean energy. The partnership will provide support to startups in the form of funding, mentorship, and access to resources and networks, and will help to promote the adoption of EVs and sustainable manufacturing practices in the country.
The MoU is also expected to have a positive impact on the Indian economy, particularly in terms of job creation and economic growth. The adoption of EVs is expected to create new job opportunities in the manufacturing and services sectors, and will also help to reduce dependence on imported fossil fuels. Additionally, the partnership will help to promote the development of sustainable manufacturing practices, which will help to reduce the environmental impact of manufacturing processes.
In conclusion, the partnership between DPIIT and Ather Energy is a significant step towards promoting the growth of EV startups and deep-tech innovation in India. The partnership will provide support to startups in the form of funding, mentorship, and access to resources and networks, and will help to promote the adoption of EVs and sustainable manufacturing practices in the country. The partnership is expected to have a significant impact on the Indian startup ecosystem, particularly in the field of electric vehicles, and will help to support the growth of innovative startups in the country.
