Shillong Dec. 23: Meghalaya bears witness to the first of its kind, the Competition on Innovative Fleet-oriented Business Models for E Vehicles in Northeast India, jointly organised by the Alliance for an Energy-Efficient Economy (AEEE), the Centre for Innovation and Incubation of Startups of Martin Luther Christian University (MLCU), the National Institute of Technology (NIT) Meghalaya, and Barefoot Trust, concluded successfully on 4th December 2023 at the National Institute of Technology, Meghalaya.
In this competition, participants were invited to explore and present their business models specifically designed for fleet operators. Fleet operators play a crucial role in the electric mobility ecosystem, and the task was to develop comprehensive strategies encompassing various aspects such as charging infrastructure, vehicle acquisition, operation, maintenance, and even vehicle resale. Business models are expected to demonstrate financial viability and priorities with 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.
Dr. Vikas Nimesh, Senior Research Associate at AEEE discussed how electric vehicles could contribute to tourism and reduce vehicle-related emissions by creating green zones. He discussed the importance of collaboration and the active involvement of young entrepreneurs in driving change towards sustainability. Lakshmi Rao, Advisor at PRIME Meghalaya 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 resounding assertion that innovation must be adopted to ensure a sustainable future and this competition served as the perfect platform to facilitate such progress.
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