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EVolutionS Program for EV Startups
Incubator & Accelerator
Grant
About
The EVolutionS Program, launched by the Department of Science and Technology (DST) in India, aims to support startups in the electric vehicle component manufacturing sector by providing funding, industry connections, and resources to accelerate the transition of innovative prototypes into commercially viable products, thereby promoting self-reliance and localization in the EV industry.
Benefits
- 💰Financial SupportUp to Rs. 50 lakhs funding support
- 💰Financial SupportIncludes Rs. 20 lakhs as grant-in-aid and Rs. 30 lakhs through equity instruments
- 🛠️ Resources & ToolsAccess to pilot demonstration, testing, and validation
- 🤝Networking OpportunitiesEstablish industry connections for commercialization
- 🛠️ Resources & ToolsSupport for product development and scaling
Eligibility Criteria
- Startups must be registered by DPIIT
- At least 51% shareholding by Indian promoters
- Must be an Indian company with IP residing in India
- Must have reached TRL 3-4 with a viable product
- Cannot have received more than Rs. 20 lakhs in grant support in the last 5 years
- Only one proposal per Project Leader
Target Sector
Electric Vehicle Component Manufacturing
Target Location
India
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Department of Science and Technology (DST), Government of India