Gyrodrive Machineries, C Electric and Fashmo Energy, emerge winners at iCreate EVangelise’22

iCreate (International Centre for Entrepreneurship and Technology), India’s innovation-based startup incubator, announced the winners of the EVangelise ‘22, the second edition of the EV innovation challenge. Upon technical evaluation and market relevance and implementation strategies, Gyrodrive Machineries, C Electric Automotive Drives and Fasmho Energy Systems were awarded the top three positions in the TRL>4 category respectively. Cancrie, Vijigi Energy and INTAKT EV Hybrids bagged the top three positions in the TRL<4 category.

A total of INR 63 lakh cash prizes were awarded to the winners. Six winners across two categories – TRL> 4 and TRL<4 received cash prizes of INR 10 lakh, INR 7.5 lakh, and INR 5 lakh, respectively, and six consolation prizes worth INR 3 lakh were also awarded. The top three winners with TRL>4 also received INR 50 lakh as incubation support, subject to agreed terms and conditions for each to take their ideas to market.

Commenting on the achievement, Eshan Dhar, CTO of Gyrodrive Machineries and the winner of EVangelise’ 22 said, “We are overwhelmed to be chosen as the Winner of EVangelise’22. We believe that our innovation on magnet-free switched reluctance motors will be the future of the EV industry. This eliminates the need for rare-earth materials that are detrimental to the environment and makes India Atmanirbhar as these motors can be manufactured domestically. We hope to work with the team at iCreate more closely moving forward to co-create solutions for the EV industry.” 

Ratheesh Nair, CTO of C Electric Automotive Drives, the second-place winner of EVangelise’ 22 stated, “Our innovation on indigenous electric drive components enables Indian electric vehicle makers to customise their motor controllers as per their requirements while also reducing costs by 40%. EVanglise’22 has been instrumental in showcasing this to top industry leaders, and we have already received multiple orders and advanced discussions are on with some more manufacturers.” 

EVangelise’22 saw participation from 1160 participants, including students, individual innovators, researchers, and institutions that have created solutions in the areas of battery safety and EV infrastructure. During the course of the bootcamp and the finale, innovators pitched directly to industry leaders and explored strategic partnerships. Industry leaders who supported, engaged and provided guidance to the innovators of EVangelise’22 included BPCL, Mahindra Logistics, Tata Stryder, JOY ebike, Turntide Technologies, and Rotomag.

Congratulating the winners, Avinash Punekar, CEO of iCreate, said, “Having completed two successful editions, EVangelise has grown to become India’s largest and most awaited EV innovation challenge for innovators and startups. The enthusiastic response received for EVangelise’22 from industry leaders such as Dr Piyush Desai, Co-founder and Vice President, Turntide Technologies; Mr Chintan Vaishnav, Mission Director, Atal Innovation Mission, Chair Startup 20 Engagement Group;  and Mr Srinivas Kudligi, GM, Aditya Auto Products & Engineering, highlights the potential of Indian innovators in solving pressing challenges for the global EV industry. We at iCreate are proud to partner with them in their journey and position India as a knowledge superpower in the EV space. I congratulate the winners of EVangelise’22 and look forward to working together to take their solutions to market.” 

EVangelise’22 took place over six months, during which startups and EV innovators from 23 states and UTs showcased their novel solutions for real-life challenges in the EV industry under three themes,  vehicle traction, energy storage, and vehicle infrastructure.

Also Read: Electric tractor showcased at iCreate bootcamp

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