Sustainability tech platform TapFin has signed a Memorandum of Understanding (MoU) with the EV Powertrain Lab at IIT Bombay to address challenges in electric vehicle financing and develop solutions to make EV ownership more accessible.
The partnership seeks to create an ecosystem that connects academia and industry through knowledge exchange, research collaboration, and the development of industry-relevant skills. Both parties will work on joint research projects focused on creating practical solutions for the EV sector.
Students from IIT Bombay will gain exposure to industry trends and challenges, working on real-world projects. TapFin plans to utilize IIT Bombay's academic expertise to enhance its offerings for businesses in the EV space. TapFin will also participate in IIT Bombay's annual EV Career Day, providing students with insights into industry challenges and potential job opportunities.
Aditya Singh, co-founder and CEO of TapFin said, "We are thrilled to collaborate with IIT Bombay's EV Powertrain lab. This MoU marks a significant step in our commitment to driving innovation in green mobility. By tapping into the brilliant minds at IIT Bombay, we look forward to pushing the boundaries of EV technology and creating solutions that have a real-world impact."
Prof. Sandeep Anand from IIT Bombay said, "The partnership with TapFin aligns with our mission to strengthen collaboration between academia and industry. The EV Lab is excited to work with TapFin to develop industry-focused research and solutions that will shape the future of electric mobility."
The collaboration between TapFin and IIT Bombay is expected to contribute to India's goals for sustainable development and advancement in electric vehicle technology.