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

New Zealand PM Due in India

During his visit, Luxon will hold talks with Prime Minister Narendra Modi on March 17, covering various aspects of India-New Zealand relations…reports Asian Lite News New Zealand Prime Minister Christopher Luxon will

India Reaffirms Support for Mauritius on Chagos

Foreign Secretary Vikram Misri said there is already a lot that India has accomplished with Mauritius in terms of contributing to its maritime safety and security-related issues…reports Asian Lite News India has

Indian Diaspora Awaits Modi in Mauritius

In the village of La Laura-Malenga in Moka District, residents are preparing special celebrations for the Prime Minister’s visit, which coincides with Holi…reports Asian Lite News Indian diaspora members in Mauritius are

Redemption for India 

India’s triumph marks their first ICC ODI title in 12 years, serving as a soothing balm for the team and its passionate fans after the heartbreak of missing out on the 2023
Go toTop

Don't Miss

India to host SCO summit on July 4

All the SCO Member states have been invited to attend

‘India, UAE, Saudi, US collaborate for regional good’

UAE Permanent Representative Lana Nusseibeh, who took over as the