iCreate is India’s leading innovation-based startup incubator and yesterday they awarded several companies on the basis of technical evaluation and market relevance and implementation strategies. The theme of EVangelise for this year was vehicle traction, energy storage, and vehicle infrastructure.
Winners of EVangelise 2022
In TRL> 4 category
Gyrodrive Machineries, C Electric Automotive Drives, and Fasmho Energy Systems were the three companies that held the position in TRL> 4 categories respectively by winning a prize amount of INR 50 lakh.
In the TRL<4 category
Cancrie, Vijigi Energy and INTAKT EV Hybrids bagged the top three positions respectively winning amounts of 10 lakh, INR 7.5 lakh, and INR 5 lakh, respectively. Apart from these companies, there were six consolation prizes worth INR 3 lakh each.
CEO of iCreate Avinash Punekar said, “Having completed two successful editions, EVangelise has grown to become India’s largest and most awaited EV innovation challenge for innovators and startups. The enthusiastic response received for EVangelise’22 from industry leaders such as Dr. Piyush Desai, Co-founder and Vice President, Turntide Technologies; Mr. Chintan Vaishnav, Mission Director, Atal Innovation Mission, Chair Startup 20 Engagement Group; and Mr. Srinivas Kudligi, GM, Aditya Auto Products & Engineering, highlights the potential of Indian innovators in solving pressing challenges for the global EV industry. We at iCreate are proud to partner with them in their journey and position India as a knowledge superpower in the EV space. I congratulate the winners of EVangelise’22 and look forward to working together to take their solutions to market.”
Let’s have a brief knowledge about the top three winner companies in the TRL> 4 lists.
Gyrodrive Machineries is a startup based out in Bhopal that produces switched reluctance motors and their USP is producing this motor without relying on imported magnets. Thus promoting local products.
Eshan Dhar, CTO of Gyrodrive Machineries said, “We are overwhelmed to be chosen as the Winner of EVangelise’22. We believe that our innovation on magnet-free switched reluctance motors will be the future of EV industry. This eliminates the need for rare-earth materials that are detrimental to the environment and makes India Atmanirbhar as these motors can be manufactured domestically. I express my heartfelt gratitude to the iCreate team for mentoring us throughout the challenge and giving us a platform to showcase our innovation to some of the best minds in the industry. EVangelise’22 has proved to be a launchpad for aspiring entrepreneurs like us and we hope to work with the team at iCreate more closely moving forward to co-create solutions for the EV industry.”
C Electric Automotive Drives
C Electric Automotive Drives is an Indian startup based out in Cochin. They provide solutions to bridge the gap between indigenous electric drive components and imported ones.
Ratheesh Nair, CTO of C Electric Automotive Drives said, “We are thrilled on being awarded the second position at EVangelise’22. Our innovation on indigenous electric drive components enables Indian electric vehicle makers to customise their motor controllers as per their requirements while also reducing costs by 40%. EVanglise’22 has been instrumental in showcasing this to top industry leaders and we have already received multiple orders and advanced discussions are on with some more manufacturers.”
Fashmo Energy Systems
Fashmo Energy Systems is a Bangalore-based startup that masters in the development of the Smart Battery Management system which enables safe, efficient, and optimized working of the complete battery pack.