The Transition VC, T-Hub, and IEEE have collaborated to set up the country's first startup accelerator focused on energy transition. This accelerator focuses on supporting and scaling startups in critical areas of energy transition- namely decarbonization, electrification of transportation, long-duration energy storage, power electronics, Net Zero strategies, and emerging energy technologies. It addresses the need for more deep-tech hardware startups in India, especially those focused on energy solutions.
Focus Areas of the Accelerator
This newly launched accelerator focuses on energy transition from traditional fossil fuels to more sustainable sources of energy, hoping to address some of the biggest problems, such as reducing carbon emissions, generating more energy per unit of fuel consumed, and developing new energy storage technologies.
Roles in Partnership
Transition VC: The joining startups will receive funding, mentorship, and market access by this venture capital firm. Thus, they will get financial investment and business support.
T-Hub: It is the innovation partner which will facilitate and run the accelerator program by giving resources to the startups in advancing product development and commercialization.
IEEE : It is one of the global leaders for professional association and promoting public knowledge in electrical, electronics, computer, allied fields, etc. The founders and their teams will have access to a network of experts and skill training plus knowledge sharing.
Indian startup ecosystem has not seen much scale in deep-tech hardware and energy transition-focused companies. “Building hardware products in deep-tech requires significant investment in R&D and prototyping, which is often a deterrent for many engineers,” said Mohammed Shoeb Ali, Co-Founder & Managing Partner at Transition VC. With this strategic partnership the startups would be offered the necessary technical infrastructures and financial resources.
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