· New cooperation links ZF closely with the Indian start-up scene in one of the world’s largest IT nations
· ZF is present with Innovation Hub in Hyderabad
· Winners of the first ZF pitch event on location provide innovative approaches for new mobility concepts and connectivity
Friedrichshafen/Hyderabad. In April 2018, ZF will officially open its new Innovation Hub in Hyderabad, India. It is already active and partnering with the “Nasscom Center of Excellence – IoT (CoE IoT),” a start-up initiative of the national IT industry association Nasscom and MeitY (Ministry of Electronics and Information Technology). As a result, ZF is able to network more broadly and closely with the Indian start-up scene. In turn, it benefits from easier access to the expertise of one of the largest automotive suppliers worldwide. In addition, the Innovation Hub sponsored a pitch event with a first look at ZF’s future start-up involvement on the ground on November 9, 2017.
“When it comes to contributions to new, disruptive technologies and the development of IT solutions in and outside the mobility industry, India plays an important role,” says Mamatha Chamarthi, Chief Digital Officer at ZF Friedrichshafen AG. “With the new ZF Innovation Hub in the IT metropolis of Hyderabad, the recent partnership with CoE IoT NASSCOM as the country’s largest pioneer for deep tech start-ups and the first pitch event, we are underscoring our aspiration to shape digitalization worldwide. These are important precursors to our Vision Zero Ecosystem, which has mobility with zero accidents and zero emissions as its objective.” Sanjeev Malhotra, CEO of the Nasscom Center of Excellence – IoT, emphasizes: “I am delighted to have ZF as a high-tech partner for our initiative. Throughout India it brings together leading automotive industry expertise with pioneering companies and developments for the Internet of Things, a.k.a. IoT.”
Starting signal for start-up projects with ZF in India
An initial taste of upcoming activities of the new ZF Innovation Hub was provided on November 9, 2017, in the form of a pitch event in which 12 Indian start-ups took part. They presented their solutions for the topics of electrification and new mobility, big data and analytics, connectivity as well as well as artificial intelligence (AI). In the end, Gayam Motor Works, LightMetrics, Merxius and Cyrrup were declared as the winners. They convinced with their ideas. Joint teams are now working hard on further developing these ideas.
The Innovation Hub in Hyderabad is already the second to be founded by ZF this year. In August 2017, the technology company opened its counterpart in Silicon Valley, California.