The Government of India’s (GOI) Ministry of Heavy Industries has awarded a sizeable grant to Creatara, an inventive Indian startup in the electric two-wheeler sector. Under the Capital Goods Scheme, a grant of Rs 3.9 crores has been granted to promote the development of domestic technology.
This accomplishment highlights Creatara’s commitment to sustainability and innovation in the automotive industry and is a turning point for the company. In addition to confirming Creatara’s vision, the government subsidy acts as a spur for the rapid advancement of domestic EV technology.
With government backing, Creatara aims to strengthen the nascent Indian EV industry, fostering the creation of technologically advanced vehicles for both the local and global markets, the company shared.
