Micelio Mobility has signed an MoU with NSRCEL, the incubation hub at IIM Bangalore on June 15, 2022, to become their e-mobility ecosystem partner. Together, they will focus on three areas: Policy – helping startups navigate regulations and propose streamlined policies to the government; Technology – providing startups with access to state-of-the art testing facilities and a community to collaborate and share knowledge; and Networks – necessary partnershipsfor startups to collaborate.
EVs are picking up steam in the Indian market but the Indian clean mobility industry is still young. This collaboration between Micelio Mobility and NSRCEL, IIM Bangalore will provide the critical support that clean mobility startups will need. Transport is undergoing a transformative change that is unprecedented in recent times – startups will need help navigating new regulations and technologies as they look to scale, especially in light of recent supply chain constraints.
Micelio Mobility has a proven track record of catalysing clean mobility through the Micelio Fund & Micelio Discovery Studio. The Micelio Fund is a Rs.150 crore commercial venture capital fund that looks to invest in early stage startups (Pre-Seed to Series A) with the potential to redefine the future of mobility in India. The Micelio Discovery Studio is an ecosystem creator that fosters innovation by providing startups access to state-of-the-art testing facilities at affordable rates to help with their business development. It is designed as a neutral platform for stakeholders from the entire EV ecosystem to not just test and prototype products but interact and collaborate with one another on knowledge, customers and partnerships.
Shreyas Shibulal, Founder & Director, Micelio Mobility says “We are excited to collaborate with NSRCEL and IIM Bangalore. Our goal at Micelio is to create a supportive ecosystem for clean mobility that fosters innovation at scale. NSRCEL and IIM Bangalore are leading names for innovation and quality, and their expertise in incubating startups will help unlock the next stage for clean mobility in India. Our partnership will help secure a conducive environment for clean mobility startups at NSRCEL who will be able to avail the testing facilities and vibrant community available at the Micelio Discovery Studio.”
Anand Sri Ganesh, Chief Operating Officer, NSRCEL says, “The partnership with Micelio Mobility furthers our goal of building a collaborative and inclusive mobility ecosystem that fosters growth of innovative mobility startups. With Micelo in our ecosystem, enabling a deeper integration of clean technology in the early stages of our startups ”