Posted by Mumbai: Amplus Solar launched the MILES (M+Innovation Lab for Energy and Sustainability) challenge today. The challenge is inviting startups with ready to deploy solutions in the clean energy ecosystem in India.
Amplus Solar launched this challenge in association with GoMassive Earth Network, an angel investor forum focused on sustainability.
The MILES challenge comes with mentorship and access to resources for the participating energy startups. Amplus has committed to supporting the winners of the MILES challenge through seed capital that will help them scale up.
Ernst & Young LLP are the process advisors for the event. A jury comprising renowned experts from leading Indian and international institutions like the World Bank, UNEP, IIM Ahmedabad among others, will evaluate the competition.
Applications for the MILES Challenge will close on 31 January 2021. The focus areas include distributed solar, IoT applications in energy, battery storage and electric mobility.
“Amplus began as a startup with an idea in the area of distributed solar. One of the reasons behind our success was the support we received from mentors and investors who believed in us,” said Sanjeev Aggarwal, MD and CEO, Amplus Solar.
“With the MILES Challenge, we wish to help other Indian start-ups in the clean energy space achieve their potential,” added Aggarwal.
Clean energy story in India has witnessed exponential growth during the last decade. Market development and technological advancements in renewable energy and electric mobility are some of the key driving factors. Identifying and promoting new ideas in this segment is the next step in accelerating India’s energy trajectory.