A competition on innovative fleet-oriented business models for e-vehicles in Northeast India was held at the National Institute of Technology (NIT) here on November 4.
The competition was the first of its kind jointly organised by the Alliance for an Energy-Efficient Economy (AEEE), the Centre for Innovation & Incubation of Startups of Martin Luther Christian University (MLCU), NIT Meghalaya, and Barefoot Trust.
Participants were invited to explore and present their business models specifically designed for fleet operators, which play a crucial role in the electric mobility ecosystem. The task was to develop comprehensive strategies encompassing various aspects such as charging infrastructure, vehicle acquisition, operation, maintenance, and even vehicle resale.
Business models were expected to demonstrate financial viability and prioritise sustainability, scalability, and social impact. The competition encouraged participants to think outside the box, challenge existing paradigms, and propose innovative solutions that address the unique needs and challenges faced by fleet operators in the Northeast.
During the event, Prof. Pinakeswar Mahanta, Director of NIT Meghalaya, emphasised that the ideas generated during the competition should be transformed into practical solutions to drive sustainability. Prof. T. K Kharbamon, Vice Chancellor of MLCU, highlighted the importance of such competitions for young entrepreneurs and underscored the state’s pressing need for electric vehicles.
Senior Research Associate at AEEE, Dr. Vikas Nimesh discussed how electric vehicles could contribute to tourism and reduce vehicle-related emissions by creating green zones. He stressed the importance of collaboration and the active involvement of young entrepreneurs in driving change towards sustainability.
Advisor at PRIME Lakshmi Rao emphasised the importance of technology in the North Eastern region, highlighting the need for innovation specifically tailored for the hilly terrains of the region. Her address concluded with a resounding assertion that innovation must be adopted to ensure a sustainable future, and this competition served as the perfect platform to facilitate such progress.
Program Coordinator Sweet Syiemiong urged more women to become involved in developing business models and exploring the opportunities in the charging port sections.
The competition offered prize money of Rs. 20,000, with the first-place winner receiving Rs. 10,000 and special mentions each receiving Rs. 5,000.
Furthermore, participants will have the opportunity to interview for paid internship positions at AEEE, providing them with hands-on experience in clean energy and innovation.
The competition featured discussions on various topics, including E-bikes, multi-level electric transportation, and charging infrastructure.
The winning entry, “Development of a sustainable electric vehicle fleet using an intelligent charging management system using blockchain,” secured the first position. Additionally, “Watt-go” and “Eco-Friendly Electric Carrier Designed for Empowering People with Disabilities” received special mentions.
A statement from the organisers said the Entrepreneurship and incubation cell of MLCU and NIT Meghalaya along with PRIME Meghalaya may seek interested and potential teams for further incubation.
