DICV partners with IIT-M to accelerate Future Mobility Solutions

CHENNAI: Daimler India Commercial Vehicles Pvt. Ltd. (DICV), a wholly-owned subsidiary of Daimler Truck AG on Friday announced the signing of a Memorandum of Understanding (MoU) with IIT Madras Incubation Cell (IITMIC) to set up a technology epicenter to identify mid to long term solutions necessary for the future of Mobility. The partnership coined as DICV-IITMIC was inaugurated at IIT Madras Research Park in the city.

Under this MoU, DICV will partner with IITMIC to identify, mentor and provide opportunities to Indian technology start-up companies who will work towards finding futuristic solutions for the Indian Mobility Space, in the years ahead.

DICV is the first and only OEM from the Indian automotive space that has partnered with an academia like IITMIC for future mobility solutions.

Two start-ups, namely Tutr Hyperloop and Ozone Motors have been identified under this new initiative.

Satyakam Arya, MD-CEO, DICV, said, “India is going through rapid industrial and economic changes and technology will be at the core of businesses and lifestyle going forward. DICV’s partnership with IITMIC is a watershed moment as this collaboration is based on a common belief that technology should be created and leveraged to transform the marketplace and not just product offerings. We also believe that by investing in and nurturing bright Indian technology start-up companies we will contribute to India’s growing economy and sustainably lead the change in commercial vehicles, logistics and in the domain of mobility services.”

The DICV and IITMIC Incubator will jointly incubate Indian technology start-ups working in the areas of future mobility. The focus will be on all aspects like de carbonization (Electric, Hydrogen), Road safety (ADAS based safety technologies), Efficiency (Autonomous, connected vehicles, Data Analytics), Ecosystem creation (Truck as a Service “TaaS”) and even prepare the industry for paradigm shifts in supply chain and logistics, manufacturing, product development, software driven vehicle architectures, ESG and other allied areas.

DICV-IITMIC will leverage DICV's commercial vehicles domain expertise and IITMIC’s proficiency in academia to strengthen the innovation and startup ecosystem across India.

The partnership will enable DICV to facilitate innovation in emerging technologies and advancements in order to co-create long term mobility solutions, which is the next phase of growth in India.

Prof Ashok Jhunjhunwala, President – IIT Madras Research Park, IITM Incubation Cell said, “IITMIC is the leading deep-tech incubator in India. Daimler Truck is one of the foremost heavy vehicle manufacturers in the world. It designs vehicles for the world in India. As the fossil-fuel based vehicles get replaced by battery powered or Hydrogen powered Electric Vehicles in near future, innovation and pursuit of deep-tech start-ups in the area will be a major task. This Daimler India Commercial Vehicles-IITMIC joint incubator would strive to become a leading incubator, where young talent flourishes; further it will become a think tank for fossil-fuel free world tomorrow."

Key highlights

• DICV-IITM Incubation Cell (IITMIC) inaugurated at IIT Research Park, Chennai

• DICV signs MoU with IITMIC to collaborate and co-create mobility solutions for future

• “Technology-led Mobility Transformation” is the foundation of the partnership between DICV and IITMIC

• DICV and IITMIC will provide Indian Tech start-up companies a platform to develop technology-driven solutions in the mobility domain and introduce them to the market