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

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

Rahul Accuses Centre of Shielding CEC

Rahul Gandhi accused the Centre of protecting Chief Election Commissioner Gyanesh Kumar ahead of an INDIA bloc march towards the Supreme Court. He also questioned the security restrictions in Delhi and alleged

India, US deepen defence ties in Indo-Pacific

India and the United States have discussed strengthening defence cooperation and promoting security in the Indo-Pacific region. The meetings brought together senior military leaders from both countries amid renewed efforts to deepen

IMF lifts India growth forecast to 7%

The International Monetary Fund has raised India’s growth forecast to 7 per cent for both 2026 and 2027, citing strong domestic demand and services activity. The upgrade comes as higher oil prices
Go toTop

Don't Miss

IMF raises India’s growth projection to 7%

The forecast for growth in emerging market and developing economies

Shah Lays Down Roadmap For J&K

Amit Shah’s maiden 3-day visit to Jammu and Kashmir after