Alstom Awards Rs 1.5 Crore Grant to Innovative Start-Ups for Developing Sustainable Mobility Solutions

As a part of its Sustainability Incubation Program, Alstom India today awarded a grant of Rs 1.5 crores to 10 start-ups that developed solutions in the areas of clean energy, shared mobility and multi-modal solutions. 

Accelerated by NSRCEL-IIMB (NS Raghavan  Centre for  Entrepreneurial  Learning), the selected start-ups will be able to use the grant funds to develop and deploy their solutions.

An expert jury including innovation leaders from Alstom screened over 200 applications and selected 20 start-ups for the incubation program. Of these, 10 start-ups have been selected for grant support. These start-ups include MetroRide, Evoride Motors Private Limited, Volar  Alta  C/o  Drone  Tech  Solutions, Epick Bikes, ChargeEZ, The Energy Company, Green Tiger Mobility Private Limited, Green Tiger Mobility Private Limited, Tadpole  Projects, Swytchd. 

Speaking about the milestone, Olivier Loison, Managing Director, Alstom India commented, “Our contribution to sustainability is closely tied to the business we are in, which also makes it critical for us to take the lead in building and supporting the ecosystem we operate in. While we are bringing our vision of sustainable mobility to life through our business, we have also committed making active social investments to nurture startups who share our vision. On that note, it is heartening to see incredible work done by the selected startups and it has been a delight to partner with NSRCEL-IIMB, given their body of work in innovation, technology and sustainable mobility”.

Commenting on this event, Anand Sri Ganesh, COO of NSRCEL at IIM Bangalore, said, “The climate and sustainability spaces are still emerging. Knowledge networks, business models, funding, policy environment – all of these are still weakly defined. Yet we are staring at a crisis in climate change. At NSRCEL we are committed to injecting innovation to solve for these priorities at scale, through the lens of entrepreneurship. Alstom's commitment to the sector, and in supporting entrepreneurial innovation is an inspiration for other leading corporates to join the cause.”