Amplus Launches ‘The MILES Challenge’ for Clean Energy Startups in India
Amplus Solar has started ‘The MILES (M+ Innovation Lab for Energy and Sustainability) Challenge’ for start-ups with ready to deploy solutions in the clean energy ecosystem in India.
Launched in association with GoMassive Earth Network, an angel investor forum focused on sustainability, The MILES Challenge will provide participants mentorship as well as access to resources in the Energy Industry. Amplus has committed to support the winners of The MILES Challenge through seed capital that will help them scale up.
Ernst & Young LLP is 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.
Detailing on the project, Sanjeev Aggarwal, Managing Director and CEO, Amplus Solar, said, “Amplus began as a start-up 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. With the MILES Challenge, we wish to help other Indian start-ups in the clean energy space achieve their potential.”
India’s energy story has seen exponential growth over the last decade, with market development and technological advancements in renewable energy and electric mobility. Identifying and promoting new ideas in this segment is the next step in accelerating India’s energy trajectory.