Mumbai, 17th October 2024 – TapFin, an integrated sustainability tech platform, today announced the signing of a Memorandum of Understanding (MoU) with the EV Powertrain Lab at the Indian Institute of Technology Bombay (IIT Bombay). The collaborative efforts will focus on addressing the challenges in EV financing and bridging the gap with innovative solutions that make electric vehicle ownership more accessible and discover more commercially viable & sustainable use cases for the deployment of electric vehicles.

With this partnership, TapFin and IIT Bombay aim to create a vibrant ecosystem that bridges the gap between academia and industry by driving knowledge exchange, research collaboration, and the development of industry-relevant skills. 

Under the MoU, TapFin and IIT Bombay will collaborate on joint research and knowledge exchange in the electric vehicle ecosystem, focusing on creating industry-ready solutions. The partnership will enable students from IIT Bombay with an increased exposure to industry trends and challenges, helping students and researchers work on real-world projects that align with industry needs. TapFin, on the other hand, will leverage IIT Bombay’s academic expertise to further its innovations & propositions for business participants in the electric vehicle space. TapFin will also participate in IIT Bombay’s annual EV Career Day, providing students with exposure to real-world industry challenges and recruitment opportunities.

“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”, said Aditya Singh, Co-Founder & CEO TapFin

Quote from IIT Bombay Leadership
“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,” said Prof. Sandeep Anand, IIT Bombay

Both TapFin and IIT Bombay are committed to deepening their collaboration to support India’s vision of a sustainable, green future through advancements in electric vehicle technology & ecosystem..

About TapFin:

TapFin is an integrated sustainability tech platform that focuses on driving sustainable development in India. Founded in 2023, TapFin aims to become India's leading sustainability platform, supporting and facilitating the country's Net zero ambition. The platform offers an integrated tech-led approach to address various needs within the sustainability ecosystem. It provides financing, value-added services, and income-generation opportunities, particularly targeting small-fleet aggregators.