Zypp Electric, India's leading tech-enabled EV-as-a-Service platform, recently completed its EVolve Challenge Season 2, aimed at supporting innovation-driven startups in the EV industry with minds working to shape a sustainable future. The winners, AddUp Network and NikolEV will receive a cash prize of Rs 10 lakh and orders worth up to Rs 2 crore from Zypp Electric, along with incubation and funding support.
This year's challenge attracted startups passionate about creating a sustainable future and revolutionising the EV industry. After a rigorous evaluation, two exceptional startups, AddUp Network and NikolEV, were declared winners.
AddUp Network is a SaaS-based logistics startup that aims to democratise the supply chain for SMBs and enable their growth through technology-driven logistics excellence and innovation.
Abhishek Prabhuda, Director and Founder, AddUpNetwork, said, "Participating in the Evolve Challenge was a thought-provoking activity, with an experienced jury asking us intriguing questions. It made us rethink several aspects of our business model, like the target market and the ability to price and collect, which have now become the key pillars for AddUp Networks."
The second winner, NIKOL EV, is building India's largest operational EV charging infrastructure with their self-developed and designed chargers. They have set up EV charging stations, which provide uptime of 98 per cent against an industry average of 60 per cent.
Arjun D. Pawar, Director and Founder, NikolEV, said, "We have been working tirelessly for the last 2.5 years towards shaping a sustainable future in the electric vehicle charging infrastructure landscape. We are excited about the possibilities ahead between Nikol EV and Zypp Electric in shaping the future of clean mobility in India."
Akash Gupta, Co-Founder and CEO, Zypp Electric, said, "With Evolve Innovation Challenge Season 2, we are reaffirming our commitment to foster innovation in the Indian EV industry. This year, the challenge aimed to support even more participants and help them bring their innovative solutions to the market."
