Uber join forces with Startup India, iCreate to drive EV adoption across the country
Ride-hailing company Uber has announced that it is partnering with Startup India and Gujarat-based start-up incubation centre iCreate on an innovation fund to support new ideas to drive the adoption of electric vehicles across the country.
The 'Green Mobility Innovation Challenge', which will be hosted on the Startup India portal, calls for submissions from individuals and start-ups that focus on innovation in areas of two- and three-wheelers, charging station accessibility, Uber said in a statement.
This is for potential partnership or financial models that can improve EV uptake in India, it added.
Last year, the company had announced $800 million in resources towards helping drivers transition to EVs by 2025, and 100 percent emission-free rides globally by 2040.
Under the collaboration, 10 winners, as chosen by a panel of five industry experts, will receive two months of mentorship by Uber's technical, engineering, and go-to-market teams and iCreate.
Of the 10 winners, Uber will disburse a grant of Rs 7.5 million ($1.01 lakh) among the top-5 start-ups, followed by six months of incubation at iCreate, it said.
"To further strengthen the country's evolving EV ecosystem, we are partnering with Startup India and iCreate on the 'Uber Green Mobility Innovation Challenge' to see what great ideas are out there.
"It is an honour to be able to support India's many entrepreneurs in addressing one of the most pressing issues of our time," said Prabhjeet Singh, President of Uber India South Asia.
Deepak Bagla, MD and CEO of Invest India, said, "India is working towards empowering start-ups, especially those in the field of e-mobility to meet the SDG (sustainable development goal) targets."
He added that innovation is the foundation of development for India. "Through such challenges, we are looking to contribute to strengthening the start-up ecosystem in India."
Rajiv Bose, Head of Business at iCreate, said, "It is our vision to promote the growth of entrepreneurial capital that leverages innovation and technology. By partnering with Uber India, we are furthering the same vision on a larger scale by reaching out to start-ups across India."
The future of electric vehicles in India is encouraging, and iCreate looks forward to driving the participating start-ups to build this future for the country, he added.