India’s first start up competition focused on energy
storage, electric vehicles & charging infrastructure and micro-grids
Supported by StartUp India (DIPP, Govt. of India
Initiative), Mumbai Angel Network, TiE-Delhi NCR, Sangam Venture and Global
Energy Storage Alliance (GESA) Prize worth Rs 5 lakh will be provided Pune, India: India
Energy Storage Alliance (IESA), India’s leading alliance on energy storage,
today announced start up pitch competition and innovation pavilion for Energy
Storage India (ESI) 2018 during Jan 10 to 12 in New Delhi.
This is India’s first start-up competition focused on energy
storage, electric vehicles & charging infrastructure and micro-grids. The
competition is supported by Startup India (DIPP, Govt. of India Initiative),
Mumbai Angel Network, TiE-Delhi-NCR, Sangam Venture and Global Energy Storage
Alliance (GESA). ESI is the leading international conference and expo
addressing the need for energy storage, micro-grids & EV solutions in
India. It provides first-class networking event to drive energy storage market
expansion in profitable applications – highlighting the synergies,
inter-relationships and new business opportunities for transmission, distribution,
customer-sited, micro-grids/campuses and e-mobility applications. ESI 2018 will
also feature Innovation pavilion to showcase next- gen products and solutions
from startup companies.
To enter the competition, start-up companies having annual
revenue < Rs 3.25 crore ($ 0.5ml) and operations of < 5 years can submit
the start-up details in 500 words by December 30, 2017.
have to submit 5 slide presentation January 8, 2018 and the top 3 winners will
get complimentary IESA membership for a year.
Process of the competition
Application form submission by 30th December 2017
Shortlisted companies will be informed by 2nd January 2018
to 10 shortlisted companies will present their concept at the Investors Forum
on 11th January 2018 at ESI2018.
· Top 3 companies will
receive IESA awards with cash prize and expression of interest from investors
Dr. Rahul Walawalkar, Executive Director, Indian Energy Storage Alliance (IESA)
says, “We are excited to announce first of its kind startup competition for the
Indian startups in energy storage space. Today, India has more startups than
before and is on the cusp of transformation.
Certain challenges are faced by
them due to limited direction and access. With this competition, we want to
bridge the gap using IESA network and I invite the Indian entrepreneurs to take
advantage of this opportunity. We are thankful to Startup India and other
partners for their support to us. India is anticipated to become one of the
best markets for the adoption of energy storage technologies due to several
drivers like the fastest growing economy, increasing the share of renewables,
transmission constraints, need for providing 24*7 quality power and electric
mobility mission. IESA has set a mission to also make India a global hub for
innovation and manufacturing of advanced energy storage, microgrids sand EV
technologies by 2022.”
The Government of India has clearly decided to prioritize
electric vehicles with a goal of having 100% Electric Vehicles (EVs) by 2030.
Energy Storage is a key component of this and there are number of ways in which
EV adoption could be transformative for the grid. With better tariff structures
and use of right storage technologies in EVs, one could also use EVs as
distributed storage and provide grid balancing services. This transformation
will not only help in greening the transportation fleet by reducing
diesel/petrol consumption and associated emissions but will also help in
greening the grid if EVs are used for better integration of renewable resources
in the grid.
Many Indian automobiles companies have plans to adopt EVs.
The 5th International Conference & Expo on Energy Storage and Microgrids
(www.esiexpo.in) is scheduled from January 11 – 12, 2018 along with Pre –
Conference Workshops on January 10, 2018 2018 at India Habitat Centre, New
Suresh Prabhu, Minister for Industry and Commerce will be
inaugurating the conference & exhibition. RV Deshpande, Minister of Large
and Medium Scale Industries and Infrastructure Development, Govt. of Karnataka
(First state to release electric vehicle and energy storage policy in India)
will be the keynote speaker for electric vehicle session. This year, it is
poised to get 2000+ industry experts, 100+ speakers from over 25 countries and