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

Parliament Passes Waqf Bill

Parliament passes Waqf (Amendment) Bill after fierce opposition protests; Modi calls it a “watershed moment” for transparency and justice, while critics allege bias and threat to minority rights. After marathon discussions and

India Acts as ‘First Responder’ in Myanmar: Jaishankar

Jaishankar took the opportunity to underscore India’s swift humanitarian response, highlighting Operation Brahma, which was launched to assist those affected by the earthquake. External Affairs Minister S. Jaishankar on Thursday expressed India’s
Go toTop

Don't Miss

Rahul’s ‘Bharat Jodo Nyay Yatra’ to cover 100 Lok Sabha segments

The march will culminate in Mumbai in March 20 or

‘Black money is no more an issue with India’

According to some reports, Indian investment in the Swiss banking