For the fourth iteration of its Developer Programme and Grant (MGDP), the firm and its consortium partners announced an initiative to foster, mentor, and advance forward-thinking Indian companies in the field of electric mobility.
As the nation strives to generate 50% of its installed electricity capacity from non-fossil sources by 2030, MG Motor India and its consortium members on Monday launched the fourth edition of their Developer Programme and Grant (MGDP) to accelerate, mentor, and incubate innovative Indian startups in the field of electric mobility.
Over 830 auto-tech businesses submitted entries for the program’s prior three iterations. Out of them, MG and its consortium members identified, supported, and mentored 180 businesses, including Koinearth, Electreefi, Voxomos, Redbot Technologies, and Mihup.
The automaker has collaborated with Jiobp, Exicom, Fortum, CESL, Attero, MapmyIndia, and Bosch as the technology partners for the fourth edition, with Invest India and Startup India serving as the main partners.
“By providing a forum for EV innovators from all around the nation to network and explore creative solutions, MGDP Season 4 seeks to drive good change in the sector. This is a platform that aims to bring the brightest minds in the field together to create innovative ideas that could alter the EV landscape, “MG Motor India’s president and managing director, Rajeev Chaba, stated.
The MG Developer Program for this year will concentrate on topics such charging infrastructure, fleet management, electric parts, electric batteries, green energy solutions, managing the life cycle of EV batteries, connected car solutions, and battery-as-a-service (BaaS).
“Additionally, it will encourage the creation of novel ideas in the Indian automotive sector, resulting in greater development and expansion. We anticipate using this initiative to find some creative solutions “Invest India’s managing director and CEO, Deepak Bagla, said.