The startup ecosystem in India is growing at a faster pace with innovations and fresh ideas. IIT-Madras startup is among them and lately has been applauded by Mahindra Group Chairman Anand Mahindra for its work in the electric flying taxi segment. It is learned the commercial version would be launched in 2025.
Anand Mahindra highlighted the vibrant startup ecosystem in the country and particularly strengthened by institutions like IIT Madras. He described in his X post that it as one of the most dynamic incubators in the world equipped with aspirations and steady progress.
His post has been viewed more than 190,000 times and many users expressed their enthusiasm through the comment section. One user appreciated the innovation of IIT Madras as it showcases India’s vast talent pool.
The electric flying taxi project at IIT Madras is one of the most innovative ones and surely to place India on the global innovation map. It will simultaneously inspire the future generations.
IIT Madras lately announced funding of ₹513 crore during the financial year 2023-24. The huge capital was a support from alumni, industry and individual donors. It is the ability of the institution to attract stakeholders. The investors have confidence in its innovative endeavors.
Apart from the electric flying taxi project, IIT Madras is known for its potential to lead in cutting-edge technology. It is believed to continue working on innovative projects in the future and become a key player in global innovation and entrepreneurship.
IIT Madras startup’s growth and development simultaneously reflects broader trends in India’s startup ecosystem. The country is currently witnessing a surge in ambitious ventures and these are supported investors from various industries. This ecosystem provides crucial resources to aspiring entrepreneurs.
