October 12, 2022
1 min read

MG Motor to nurture India’s EV startup ecosystem

This year’s MG Developer Programme will focus on areas such as charging infrastructure, fleet management, electric components, electric batteries, green energy solutions…reports Asian Lite News

MG Motor India and its consortium members on Monday launched the fourth edition of its Developer Programme and Grant (MGDP) to accelerate, mentor and incubate innovative Indian startups in the field of electric mobility, as the country aims to obtain 50 per cent of its installed electricity capacity from non-fossil sources by 2030.

Over the course of its previous three editions, the programme received entries from over 830 auto-tech startups. Out of these, around 180 startups including Koinearth, Electreefi, Voxomos, Redbot Technologies, and Mihup were identified, encouraged, and mentored by MG and its consortium members.

In the fourth edition, the carmaker has partnered with Invest India and Startup India as lead partners and Jiobp, Exicom, Fortum, CESL, Attero, MapmyIndia, and Bosch as the technology partners.

“MGDP Season 4 aims to facilitate a positive change in the industry by creating a space for EV innovators from across the country to collaborate and develop novel solutions. This is a platform that seeks to unite the best brains of the industry to come together and innovate ideas that have the potential to change the EV landscape,” said Rajeev Chaba, President, and Managing Director of MG Motor India.

This year’s MG Developer Programme will focus on areas such as charging infrastructure, fleet management, electric components, electric batteries, green energy solutions, EV battery life cycle management, connected car solutions, and Battery-as-a-service (BaaS).

“Furthermore, it will stimulate the development of innovative concepts in the Indian automotive industry, leading to further progression and growth. We look forward to uncovering some innovative solutions through this initiative,” said Deepak Bagla, Managing Director and CEO of Invest India.

ALSO READ: RBI to soon release digital currency

Previous Story

‘Indian women still depend on spouses for financial planning’

Next Story

iPhone 14 Pro a good bet for India’s creator economy

Latest from India News

UAE, India join on child services

The United Arab Emirates and India have opened discussions to enhance cooperation in integrated child development services, focusing on early childhood education, nutrition, and child participation initiatives. The talks took place on

‘It’s Mind Over Technique’

Gill said the quick white-ball to red-ball switch was more mental than technical, adding he focused on defence and getting in the zone….reports Asian Lite News India’s Test captain Shubman Gill, who

Para Glory for India

Paul Fitzgerald, head of World Para Athletics, and IPC president Andrew Parsons praised India’s recent growth in sports, including para sports….reports Asian Lite News India’s Paralympic movement has made rapid, huge strides
Go toTop

Don't Miss

Indian industrialists urged to use UAE’s infrastructure for growth

Goyal shared three undercurrents reflecting the present state of India-UAE

Modi dials Johnson, bats for diplomacy in Ukraine

The two leaders also discussed issues of bilateral interests and