The Swiss government-promoted organization, Swissnex India, has initiated more than 350 startup collaborations with the help of market validation so far.
Switzerland-based startups are excitingly looking out for partners in India to collaborate on clean technology, driven by the huge market in the country and the government’s motivation for clean energy.
However, the Swiss government-promoted organization, Swissnex India, has facilitated more than 350 startup collaborations through the market validation. The initiated collaboration would also help minimize the cost of technology as the Indian market would give them scale, and as a result, make the technology more affordable for their own marketplace.
“Big Swiss companies like Nestle and Novartis have business interests in India, but with cleantech, it is different. We develop a lot of technology but the price levels are very high in our country and we cannot produce those products. Indian market is huge and price sensitive. If we manage technology transfer with Indian companies, the prices go down because of the huge market here, and then we can manage to take back the product to our own market as well,” Philippe Muller, head of cleantech initiatives, Swiss Federal Office of Energy, told ET. Muller was in Mumbai with a team of startups and researchers working on clean technology offerings, primarily in the energy space.
The companies belonging to the land of Alps have developed solutions that can help Indian Solar industry, solutions for off grid power supply to rural areas, and even support country’s aspirations for electrical vehicles.
Swiss Startup named hiLyte LLC has inaugurated a non-toxic iron consumable based battery that can be easily used for lights and even mobile phone charging in households which are not connected to the grid or face outages.
“It is like an affordable espresso machine for clean and safe electricity. We did some customer testing in a village near Patna in Bihar which had just been connected to electricity grid but still faced 6-8 hours of power outages. We want to explore more opportunities in India, it can be an affordable solution for power backup,” said David Lambelet, cofounder of hiLyte.
Martin Ebner, CEO of Battrion AG, which has thus far been active in China and Korea, is looking to tap on India’s plans to manufacture electric with its technology for lithium ion batteries that can reduce charging time to half.
“Besides existing battery makers, there are automobile companies and components makers which are interested in this. We have concrete interest from some companies,” Ebner said.
The delegation participated in ‘Cleantech India Week’ hosted by Swissnex India, a Swiss Consulate General organisation, which promotes education, innovation and research collaborations in India.
With respect to this, Jay Patel, the Indian partner of the JV stated that, “In India, final decisions are made based on price. We know the local prices for rooftop solar and try to price our offerings as close to it as possible”.