Uber (NYSE:UBER) has announced the launch of 'Uber Sustainovate', a Startup Challenge in collaboration with Startup India and Nasscom AI, aimed at accelerating the adoption of sustainable mobility in India. The competition, announced on Tuesday, focuses on awarding startups that produce innovative, workable solutions to promote sustainable transportation in the country.
The initiative aligns with Uber's commitment to achieving net-zero emissions by 2040 and its ongoing efforts to reduce tailpipe emissions. The company believes that startups can play a pivotal role in developing these solutions and this competition is intended to provide a platform for such enterprises to transform their ambitions into actions.
Startups focusing on smart infrastructure and charging solutions, discovery of charging infrastructure, making economics more viable for drivers and commercial fleet owners, and improving asset utilization are encouraged to apply. Interested startups can register online by October 18, 2023.
The entries will be evaluated based on their alignment with Uber’s sustainability mission and values, proof of concept, working prototypes, and overall ideas. Post evaluation, the top three entries will receive mentorship sessions with Uber’s tech leadership in India to help refine their skills and competencies.
The winning startup will be awarded a grant of $120,000 (approximately Rs 1 crore). The winner will be announced in January 2024 following a final jury round.
Uber's 'Sustainovate' initiative reflects the company's commitment to foster an ecosystem that incentivizes the development of innovative solutions for sustainable transportation. By providing funding and mentorship, Uber aims to work collaboratively with startups and the technology sector to drive change in the mobility sector.
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