According to reports, Bengaluru-based start-ups feature prominently in Shell’s #makethefuture Accelerator India 2017.
Carbon Masters India (Bangalore), Graviky Labs (Bangalore) and Smart Joules (New Delhi) are the top three shortlisted finalists.
The national level competition received over 50 bright energy start-ups and they were were evaluated by a jury comprising senior leaders from Shell on parameters such as innovation, sustainability, disruptive nature of entry and impact to India.
The shortlisted finalists are: Carbon Masters India (Bangalore) – Builds a lower carbon, cost effective renewable energy alternative called ‘Carbon Lites’ – bottled bio CNG product – that can be used in commercial kitchens instead of LPG.
The second one is Graviky Labs (Bangalore) – Captures air pollution using a retrofitted technology called ‘Kaalink’ to repurpose vehicular emissions into art ink
The third company – Smart Joules (New Delhi) – Delivers energy cost savings to India’s buildings and factories by transforming their energy infrastructure by installing their equipment called ‘De Joule’. Its first project has generated more than 28 per cent annual energy savings, and has won multiple awards including the first prize in India’s National Energy Conservation Awards and CII’s National Award for Excellence in Energy Management
Commenting on the selection of the shortlisted finalists, Nitin Prasad, Chairman, Shell Companies in India, said: “We are delighted with the enthusiasm and the number of responses from various enthusiastic start-ups. Many of the ideas were truly thought provoking and we are grateful to the entrepreneurs for sharing these with us.”
“Shell believes that collaboration is key to finding energy solutions for the future and the quality of applications received only reinforces our belief in the bright young minds of India. The jury had a tough time selecting the top three start-ups. We congratulate the shortlisted teams. These ideas are not just innovative but have the potential to solve complex energy challenges. We look forward to provide these energy start-ups with a platform to demonstrate their ability in bringing those ideas to life,” he added.
The three finalists will attend Make the Future Singapore, a festival of ideas and innovation for Asia, and meet with Shell Eco-marathon students, like minded innovators from the region and senior Shell leaders. They will be invited to the inauguration of Shell Technology Centre Bangalore (STCB) to participate in the accelerator event and pitch their ideas to an esteemed jury including senior leaders from Shell on March 30, 2017.