In a bid to accelerate India’s transition to clean mobility, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed a strategic Memorandum of Understanding (MoU) with Bengaluru-based electric vehicle manufacturer Ather Energy. This partnership forms a key part of the Startup Policy Forum’s 'Build in Bharat' initiative, which aims to empower innovation-led manufacturing and deepen support for EV and hardware startups.
The MoU outlines a multi-pronged collaboration focused on nurturing deep-tech and manufacturing startups within the electric mobility ecosystem. Key areas include strategic mentorship for startups, infrastructure support for those operating across the EV value chain, and the launch of joint innovation programmes like the Bharat Startup Grand Challenge.
The collaboration will also see DPIIT and Ather co-host talent development and skill-building initiatives, participate jointly in national events such as Startup Mahakumbh, and conduct on-ground exposure visits for ecosystem stakeholders.
Commenting on the initiative, Shri Sanjiv Singh, Joint Secretary, DPIIT, said, “The electric mobility sector in India is entering a transformative phase. Through this partnership with Ather Energy, we aim to catalyse the development of an enabling environment where startups can contribute meaningfully to EV manufacturing, battery innovation, and clean energy solutions.”
Ather Energy’s Co-founder and CEO, Tarun Mehta, added, “We are happy to collaborate with DPIIT to strengthen support systems for hardware and deep-tech startups. With policy support and stronger industry participation, this initiative can help founders tackle core technology challenges and scale high-quality products from India.”
Shweta Rajpal Kohli, President and CEO of the Startup Policy Forum, also highlighted, “This partnership between DPIIT and Ather Energy brings to life the Startup Policy Forum’s Build in Bharat initiative. Unlocking the potential of India's manufacturing sector through collaboration is key to building a globally competitive innovation ecosystem.”
Also Read: India's Startup Forum Aims to Unlock $90 Billion in IPOs with New Hub!
As of July 29, 2025, at 12:11 PM, Ather Energy share price is trading at ₹341.35 per share, reflecting a gain of 0.72% from the previous closing price. Over the past month, the stock has gained by 2.72%.
The partnership is expected to open up new avenues for startups in the EV and advanced manufacturing space. By aligning with India's clean energy and industrial goals, the initiative aims to foster a future-ready, self-reliant startup ecosystem rooted in sustainability and innovation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jul 29, 2025, 1:35 PM IST
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