The European Union and India have launched an expression of interest for start-ups working in battery recycling technologies for electric vehicles (EVs). This is a matchmaking event that aims to enhance cooperation between European and Indian small and medium-sized enterprises (SMEs) and also start-ups focused on the green and clean 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,” reads a release by the PIB.
As part of the initiative, twelve innovators, six each from India and the EU, will be selected and get an opportunity to pitch their innovative solutions during the Matchmaking Event. The event will be conducted in June 2024. After the pitching presentation, six finalists (three from the EU and three from India) will be selected and awarded the possibility to visit India and the EU.
“Our objective is to harmonize efforts with EU innovators to jointly develop battery recycling solutions that drive industry expansion. We are dedicated to fostering a collaborative environment where sustainability and innovation form the cornerstones of a flourishing circular economy," said Professor Ajay Kumar Sood, Principal Scientific Adviser to the Government of India.
Marc Lemaître, Director-General for Research and Innovation at the European Commission, spoke about the necessity of collaborating and working on the EV battery recycling industry. He said, "The match-making event is a step-ahead to unlock innovative possibilities leading to a green and circular economy. We encourage innovators from the EU to seize this opportunity and explore potential collaborations with their Indian counterparts."
Start-ups and SMES that are interested in participating from the EU and India can submit their applications by April 30, 2024. The major highlights of the event include: ” to identify, support, and promote start-ups and SMEs dedicated to advancing the field of battery recycling technologies for EVs; and (ii) to facilitate cooperation, explore potential trade avenues, deepen customer relations, and explore investment avenues for the shortlisted start-ups and SMEs,” reads a release by PIB.
