Hyderabad, June 28, 2023: MG Motor India, a British automobile brand with a 99-year-old legacy, today concluded MG Developer Program and Grant Season 4.0 with the announcement of the finale winners. Hyderabad-based companies Centaur Automotive and Amplify Cleantech Solutions emerged victorious for their innovative ideas. Themed as Electric Vehicles – Innovate for India, the program was launched with purpose of expanding the innovation platform for startups, developers, and innovators and creating a pipeline of new ideas and stories for customers in India.
While Centaur Automotive designs, develops and manufactures electric bicycles, Amplify Cleantech Solutions operates EV charging stations across India.
MGDP 4.0 garnered participants who were students, innovators, inventors, startups, tech companies, and received over 250 entries out of which 88 entries were shortlisted. The top 14 teams were then further shortlisted to advance on to the virtual jury rounds held on May 17 and 18. In all, six winners have been declared as part of MGDP 4.0, with two each from Hyderabad and Bengaluru and one each from Mumbai and Gurgaon.
Commenting on the occasion, Gaurav Gupta, Deputy Managing Director, MG Motor India stated, “MG as a brand has a pertinent focus on green mobility with innovation as a core pillar, and MGDP S4 aims to foster knowledge sharing between the participants and think tanks, bring their ideas to life and promote India as a hub of innovation and technology. As a brand, we encourage change and innovative mindsets. This season also saw a growth in gender diversified audience – more than 30% of the participating teams had at least one female founder.”
Celebrating the success of such initiatives, Aastha Grover, Head, Startup India, stated, “Engagement Programs such as these provide the right platform to budding entrepreneurs and startups to showcase their innovation and provide a fresh take on problem solving. With ever increasing focus on sustainability and clean energy, E-vehicles play a pivotal role in shaping this sector. Startups have been forerunners as the future leaders of disruptive technologies that continue to solve environmental problems.”
The MG Developer Program and Grant 4.0 was launched in collaboration with several leading organizations to support the next generation of innovators and entrepreneurs. MG Motor joined forces with key industry bodies such as Invest India and Startup India and leading technology players like Jio-BP, Exicom, Fortum, CESL, Attero, MapmyIndia, and Bosch, to foster an enabling ecosystem and empower developers, investors, and businesses to flourish.
The program witnessed participation from 4 charging infrastructure startups, 2 EV OEM startups, and 8 software-as-a-service (SaaS) providers, showcasing their ground-breaking work and driving advancements in the industry. These developers have been working tirelessly to create projects that have the potential to revolutionize the industry. The program has witnessed an overwhelming response from participants, who have contributed their ideas and innovations to make this season a great success.
