British automobile business enterprise MG Motor has shortlisted five Indian startups thru its innovation program, MG Drives Innovation. The listing includes CarIQ, Steradian Semi, Altigreen Propulsion Labs, Super, and Exploride. Through this program, the agency plans to deliver extra synergies to its automotive enterprise to integrate these startups’ products into the motors it manufactures.
The employer obtained more than two hundred startup programs after releasing the program on November sixteen this year. 15% of these applications have been from startups inside the telematics class, followed via digital truth, augmented fact, and electric vehicles section. Rajeev Chaba, President & Managing Director, MG Motor India, said, “It is honestly encouraging to see the high-quality and variety of thoughts from startups right here, and the response has been simply overwhelming. At MG, we aim to foster a steady innovation culture, and it’s miles heartening to peer floor-up hardware and core product innovations from younger teams across India. We are excited to evaluate the talents of those startups as a way to assist us in adding price to our business.”
The startups have been selected with the aid of a panel constructed from humans like car enterprise veteran Jayanta Deb, Dr.PS Nair (ex-ISRO, Head of Structures at Team Indus), Dr.Anil Wali (MD, FITT at IIT Delhi), Shailesh Vikram Singh (Cofounder, Go Massive) and Padmaja Ruparel (Cofounder and CEO of Indian Angel Network) and a few executives from the MG Motor India crew.
The five selected startups will showcase their services at the MG Innovation Lounge at TiEcon New Delhi on December 15 and 16, 2017. Also, the business enterprise will organize a ‘Mentoring Garage’ for the startups, in which the groups can get the opportunity to get mentored by some veterans in the vehicle industry. A Look At The Five Selected Startups Under MG Drives Innovation Programme
Tariq: Founded in 2013, CarIQ brings a brand new connected manner toward using and maintaining your car using connecting it to the Internet, allowing you with 24/7 get right of entry to popularity, vehicle records, vicinity, and superior analytics. It also facilitates customers to get excellent coverage for their vehicle and has tie-ups with repairing workshops for the quick and smooth provider. It is presently primarily based in Pune, and the founders are Sagar Apte, Vishnu K, and Hrishikesh Nene.
Steradian Semi.: The semiconductor startup has built a high-resolution 4D radar that permits actual all-climate imagination and prescient for Autonomous Vehicles and Drones. It is further developing products for autonomous automobiles that produce excessive efficiency and feature low energy consumption. The startup is currently based totally in Bengaluru and became founded via Apu Sivadas, Rakesh Kumar, Ashish Lacchwani, Alok Joshi, and Gireesh Rajendran in January 2016.
Anti-green Propulsion Labs: The startup is developing intellectual belongings in aftermarket products for car structures using inexperienced and green technologies. It has already designed IP for 4-wheel passenger and commercial automobiles. It has workplaces in India and the united states and changed into founded within the yr 2013 by way of Amitabh Saran, Shailendra Gupta, and Lasse Moklegaard.
Explore: The startup has evolved a futuristic arms-free head-up show for cars managed with gesture and voice controls. It has features together with navigation, cellphone join, and it places the entirety correctly within the li drivers ne of sight of a transparent show, with 0 overhead fees. It was founded in the 12 months of 2014 with Sunil Vallath, Vivek Mohan, and Rahul Agrawal.
Zuper: It is an area provider management platform that helps companies keep the tune in their workspace and consumers while staying at home or using a car. It also gives analytics powered by IoT, Big Data, synthetic intelligence, and cloud offerings. The Indian vehicle marketplace is rapidly developing with the purpose to trap up with PM Narendra Modi’s 2030 imaginative and prescient of going ‘all-electric.’ At the same time, innovators have leveraged the strength of the era to ensure a secure, cheap, and relaxed ride to the car drivers. B2B car service startup LetsService and IoT based startup Carnot additionally secured seed investment in 2017.
Major automobile giants like TVS and Hero MotoCorp have heavily invested in electric car startups and are seeking to roll out their electric powered automobile services in the upcoming 12 months. With MG Motors also entering the sport to assist startups thru their innovation program, the journey will, without doubt, emerge as more secure for startups within the coming years.
2016 became a yr that waited with bated breath as the market watchers have been keen to see how India’s startup environment panned out. Sluggish initially and disappointing as we head to the end, this becomes a year that saw many well-known names fold up or ramp down. Peppertap, which became founded amid much fanfare, died an anonymous demise whilst the likes of Grofers had to wind up their operations in ten cities to conquer the coins burn. The giants in this sector weren’t spared too. Flipkart struggled to maintain pace with Amazon’s aggressive increase, and Snapdeal fell further at the back of and is risking anonymity following its failure to gather Jabong. The likes of Ola are on the wrong give up of the energy warfare inside the Indian market percentage as Uber is flush with a budget and completely focussed following its merger with the Chinese opponent’s Didi Chuxing. Thus, to fathom the concept of forming a startup appears foolhardy. However, at the same time, as the big names may falter, there stays a dearth of alternatives that remain for the startups to clear up.
Prime Minister Narendra Modi’s imaginative and prescient is one of the long-time periods, and many of his decisions genuinely mirror it. Be it Swachh Bharat or Digital India; he’s a man with a watch on the future. His software, Startup India, then is a chip off the equal block. While there are demanding situations in beginning your very own project in the brand new market state of affairs, there’s also an abundance of opportunity that is to be had to be taken benefit of. Many fields in India nevertheless don’t have many marketers focusing on it, and therein lies the possibility.