Applications are invited from start-ups with ready-to-deploy solutions in areas like distributed solar, Internet of Things (IoT) applications in energy, battery storage and electric mobility. Winners will be supported through seed capital to scale up.
The Bengaluru-based TresMoto is developing a range of smart, electric two-wheelers designed exclusively for delivery fleet usage with artificial intelligence-driven remote diagnostics and detachable batteries.
The hill state in northern India has added the electric bus footprint with the service flagged off in the capital city Dehradun. The state government plans to start 30 such eco-friendly electric buses in this financial year. The buses, supplied by Olectra Greentech, will run in Dehradun, Mussoorie, Rishikesh and Haridwar.
The nation is already firmly positioned to lead the world in the clean energy revolution. Consolidating this position would unlock significant economic growth and competitiveness by attracting domestic and foreign investment, creating jobs, and improving public health.
According to a new report by BloombergNEF, 58% of global passenger vehicle sales in 2040 will come from electric vehicles, yet they will make up less than 33% of all cars on the road.
Electric vehicles will account for 65-75% of new three-wheeler (3W) sales by 2030. Intra-city transport buses will see 25-40% EV penetration and two-wheelers 25-35%. In four-wheeler passenger vehicles, the market will be driven by shared mobility, while just 10-15% of new car sales for personal mobility will be electric.
Contractors will be required to identify sites and develop, operate and maintain interoperable electric chargers in more than 75 cities.
The tracked green finance for climate mitigation was an average Rs 124 thousand crore (US$19 billion) for FY 2017 and FY 2018, representing only about 10% of what the country required.
The program aims at supporting the development of innovative electric vehicle (EV) solutions like extending range through battery capacity improvements, and battery management, fast charging infrastructure, and mobile charging solutions for emergencies. Two startups shall be supported each year with up to INR 80 lakh each to complete proof of concept and develop prototypes.
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