Wednesday, November 29, 2023
Outlook India
Outlook Business

T-Hub and Atal Incubation Centre Selects 20 Start-Ups To Transform India's Automotive Industry

The three-month program will provide exclusive mentorship, investor connections,= and market pilots to the elected start-ups

T-Hub and Atal Incubation Centre Selects 20 Start-Ups To Transform India's Automotive Industry
POSTED ON April 13, 2023 5:00 PM

T-Hub, an innovative ecosystem, in collaboration with Atal Incubation Centre (AIC), announced the selection of 20 start-ups for its program focused on the automobile industry. The 3-month program aims to provide start-ups with exclusive 1:1 mentoring, group sessions, investor connections and market pilots to help them find their first customers, interact with investors, access government incentives and grants and structure their companies with new business models.

After screening over 230 applications, the start-ups were selected based on founder qualifications, business models and products. The program's focus areas include automotive technologies, connected vehicles, fleet management, clean mobility solutions, electric vehicles and emerging vehicle technologies. 

Amongst the selected start-up are- Triolt, Etric, Vihaan Electrix, Aurita electric utility bikes, Tumpudi Automotive Pvt Ltd, Zero Sum, Bijliride, Transcent, TelioEV, TRiDE Mobility, CHARGEKART, Piqyu, Bid rYde, SunPlower Wind, LogiXair, Austhraa Motors, C&G Green Energy.

"Through this program, we aim to create a strong ecosystem empowering start-ups and facilitating new-age solutions in the automobile industry. We are excited to welcome the selected start-ups to the AIC-T-Hub program. Over the next few months, startups will receive access to the right mentorship, funding channels and networking opportunities," said Mahankali Srinivas Rao (MSR), chief executive officer (CEO) of T-Hub.

"We are confident that this program will play a crucial role in helping start-ups scale their businesses and drive innovation in the automobile industry," added Rajesh Adla, CEO of AIC T-Hub Foundation. 

Atal Incubation Centers (AICs) are greenfield incubation centers established under the Atal Innovation Mission (AIM) to provide necessary support and resources to start-ups and drive innovation and entrepreneurship in India.

The program commenced on April 5 and will end on July 5, with a Demo Day scheduled at the end of the program. Start-ups will benefit from exclusive access to potential investors and customers, mentorship from industry experts and a chance to connect with other start-ups in the ecosystem. The program is focused on providing start-ups with access to world-class experts and resources to sharpen their understanding of the market, refine their business and product commercialization plans, and quickly test and certify their EVs. 

  • Related Articles

    Yu plans to launch its maiden brand campaign during the IPL 2023 season spearheaded by Indian cricketer Hardik Pandya

    Cricketer Hardik Pandya Joins Foods Brand Yu as Investor and Brand Ambassador

    This funding will be utilised by CA Grameen to provide micro-loans to women borrowers from low-income households for income-generating activities, thereby promoting their access to formal financing

    Northern Arc Executes $20 Million ECB Funding For CreditAccess Grameen Limited

    ECU Worldwide claims to have provided air freight services to 780 US customers, exporting to 310 airports across 174 countries

    ECU Worldwide's ECU360 Platform Simplifies Air Freight