MG Motors who had earlier moved Indian startups looking for the most innovative platform have announced the five finalists of their innovation program that will serve as an incubator for them once they get Indian operations in full swing. The startups that they have picked are CarIQ, Steradian Semi, Altigreen Propulsion Labs, Exploride and Zuper.
These 5 have been picked out of over 200 applicants that MG motors received in the course of 20 days after the ‘MG Drives Innovation’ was announced. While applicants and their start-ups ranged wide in terms of solutions that they offer, the telematics category garnered the highest submission rate with over 15% of total applications.This was followed by augmented reality, virtual reality & mixed reality (AR/VR/MR) at 9 percent and electric vehicles at 8 percent.
“It is truly encouraging to see the quality and range of ideas from startups here and the response has been truly overwhelming. At MG, we aim to foster a culture of constant innovation and it is heartening to see ground-up hardware and core product innovations from young teams across India. We are excited to evaluate the capabilities of these startups which will help us add value to our business,” said Rajeev Chaba, President & Managing Director, MG Motor India.
MG will use this program to incubate these startup and nurture their innovations, An eminent jury comprising of auto industry veteran Jayanta Deb; Dr.PS Nair, ex-ISRO, Head of Structures at Team Indus; Dr.Anil Wali, MD, FITT at IIT Delhi; Shailesh Vikram Singh, co-founder, Go Massive and Padmaja Ruparel, Co-founder and CEO of Indian Angel Network, apart from the MG Motor India leadership team, selected the 5 shortlisted startups.
