Shell has announced the 10 mid-stage startups shortlisted for its flagship incubation programme E4 scale track 2020. Shell’s E4 Scale program is designed to strengthen startups’ business strategies and execution capabilities.
These startups will be able to leverage Shell and its partners’ subject matter expertise, while also benefiting from a curated network of industry experts & advisors to accelerate their product maturation.
CEO of IOTomation Ecotech Pvt. Ltd., Mr. Dharmendra Rathore has said, ‘We are happy to be selected in Shell E4 Accelerator program. It will surely give us a productive opportunity to strengthen our business strategy and scaling up operations globally.’
He further added, ‘As per the program, we also look forward to get insight from industry leaders, advisors, and access to Shell E4 and its partners’ lab at Shell Technology Centre, Bengaluru, India.’
IOTomation is leveraging sensors and Internet of Things ecosystem to improve efficiency through infrastructure automation. The Noida-based offers the IoT-driven solution under the pay-as-you-use subscription model to clients in manufacturing and other industrial units.
The startups incubated under the program will be offered strategic mentoring and investment opportunities along with access to their world-class incubation lab at the Shell Technology Centre Bangalore.
The shortlisted startups have been selected based on the uniqueness of their model or idea, and the innovation that is expected to help the mobility segment. Some of the solutions developed by these startups include energy management systems, efficiency improvement, energy auditing, among others.
Shell has partnered with ABB, Anstalt für Verbrennungskraftmaschinen List (AVL), Indian Angel Network, Catapult, Maharashtra State Innovation Society, The World Business Council for Sustainable Development (WBSCD), for this cohort. Mobility unicorn Ola has also teamed up with Shell for E4 Scale Track 2020.