EU-India join forces to promote start-up collaboration on E-Vehicles Batteries under Trade and Technology Council – EQ
In Short – The EU and India are collaborating to foster startup cooperation in E-Vehicle Batteries under the Trade and Technology Council. This partnership aims to drive innovation, accelerate the adoption of electric vehicles, and address sustainability challenges in transportation.
In Details – The European Union (EU) and India today launched expressions of interest for start-ups working in Electric Vehicles (EVs) Battery Recycling to participate in a matchmaking event. This initiative takes place under the India-EU Trade and Technology Council (TTC) announced by the Prime Minister of India, Shri Narendra Modi and Ms Ursula von der Leyen President of the European Commission, at their meeting in New Delhi in April 2022. It aims to enhance the cooperation between European and Indian SMEs and start-ups in the clean and green technologies sector. The intended exchange of knowledge and expertise will be instrumental in advancing the circularity of rare materials and transitioning towards carbon-neutrality in both India and the EU. Funded by the EU and supported by the Office of the Principal Scientific Adviser to the Government of India, the proposed matchmaking initiative seeks to facilitate cooperation and partnerships between solution providers and adopters from both regions.
Twelve startups from Europe and India (six each) will be selected and get a pitching opportunity during a joint EU-India matchmaking event in June 2024. The online event will take place in the presence of Professor Ajay Kumar Sood, the Principal Scientific Adviser to the Government of India, and Mr. Marc Lemaître, Director-General for Research and Innovation at the European Commission. Six finalists (3 from the EU and 3 from India) out of the twelve shortlisted candidates will be selected following their pitching presentations in the matchmaking events. The six EU and Indian selected start-ups will be awarded with a visit to India and the EU respectively, to explore market opportunities with their counterparts. This initiative is a direct outcome of the EU-India TTC, a collaboration platform to address key trade, trusted technology, and security challenges. Under the Green and clean energy technologies Working Group, recycling of batteries for e-vehicles and standards through pre-normative research is one of the key identified areas for enhanced cooperation.
