As part of its Sustainability Incubation Program, Alstom India has granted ₹1.5 crores to 10 startups focused on developing innovative solutions in clean energy, shared mobility, and multi-modal transportation. In partnership with NSRCEL (NS Raghavan Centre for Entrepreneurial Learning)-IIMB, the program aims to foster innovation and support startups in addressing climate change and sustainable transportation challenges. The selected startups will utilize the funds to develop further and deploy their sustainable solutions.
An expert jury, comprising innovation leaders from Alstom, meticulously evaluated over 200 applications and shortlisted 20 startups for the incubation program. Ultimately, ten startups were chosen to receive the grant support. Olivier Loison, Managing Director of Alstom India, expressed the company’s commitment to sustainability and fostering the ecosystem in which they operate.
He stated, “Our contribution to sustainability is closely tied to our business, making it crucial for us to take the lead in supporting the ecosystem. In addition to bringing our vision of sustainable mobility to life, we invest in nurturing startups that share our vision. We are thrilled to partner with NSRCEL-IIMB, given their expertise in innovation, technology, and sustainable mobility.”
The incubation program provides financial support and partnerships with research and engineering institutions, policy experts, and market access facilitators. Through capacity building, exposure to complementary collaborations, and funding opportunities, the program aims to enhance each startup’s business and technology roadmaps, empowering them to scale their ventures.
Anand Sri Ganesh, COO of NSRCEL at IIM Bangalore, emphasized the importance of innovation in addressing climate change and sustainability challenges. He stated, “The climate and sustainability spaces are still emerging, and we face a crisis in climate change. At NSRCEL, we are dedicated to injecting innovation at scale through entrepreneurial initiatives. Alstom’s commitment to the sector and their support for entrepreneurial innovation inspire other leading corporates to join this cause.”
Alstom India’s Sustainability Incubation Program is playing a pivotal role in nurturing startups that are driving sustainable solutions. Alstom aims to contribute to a greener future by supporting these ventures and encouraging other corporate entities to participate in the sustainability revolution actively.
MetroRide, a leading electric mobility platform, is spearheading a transportation revolution with its mission to make public transport “Accessible & Seamless.” By building the world’s largest digital platform for public transportation, MetroRide is bridging the gap of last-mile connectivity to transit hubs such as metro stations, suburban trains, and bus stations. Since its inception, MetroRide has transformed the commuting experience for thousands of daily travelers. With an electric-only fleet, the company has served over 800,000 rides, significantly reducing over 500,000 KG of CO2 emissions. By promoting eco-friendly transportation options, MetroRide is actively contributing to a greener future.
One of the key advantages of MetroRide’s platform is its ability to reduce both customer expenses and wait times. Daily commuters using MetroRide have experienced over 50% cost savings on their transportation expenditures, while an impressive 80% has slashed wait times. This seamless and efficient service has made public transport a more appealing choice for individuals seeking convenience, affordability, and sustainability.
MetroRide’s commitment to electric mobility aligns with global efforts to combat climate change and improve air quality. By utilizing an electric-only fleet, the company has become a frontrunner in sustainable transportation solutions, setting an example for other mobility platforms worldwide.
Similarly, Evoride Motors, a dedicated electric 2-wheeler mobility solutions provider, is revolutionizing the two-wheeler market with its intelligent and environmentally friendly offerings. With a focus on incorporating cutting-edge swappable battery architecture, Evoride Motors aims to empower workforces in tier 2 and tier 3 regions while reducing carbon emissions.
Another company making strides in innovative solutions is Volar Alta, a drone-based industrial inspection service provider. Specializing in inspecting critical industrial assets in confined spaces, such as boilers, storage tanks, and chimneys, Volar Alta has proven its utility value by achieving significant time and cost savings for clients. With their commitment to safety and efficiency, Volar Alta aims to become a leading inspection service provider globally.
Epick Bikes, an affiliated brand under Centaur, is making waves in the micro-mobility sector by offering a range of reliable and upgradable electric bicycles. With a focus on catering to individuals, business owners, and fleet operators, Epick Bikes promotes adopting electric bicycles for micro-mobility needs, which account for nearly 60% of overall transportation requirements. By providing high-quality products and a positive user experience, Epick Bikes aims to drive the shift towards sustainable transportation solutions.
These companies, MetroRide, Evoride Motors, Volar Alta, and Epick Bikes, are at the forefront of transforming the transportation landscape, offering innovative and environmentally friendly solutions. Their collective efforts are not only improving the accessibility and convenience of public transport but also making significant strides in reducing carbon emissions and creating a greener future for all.
