Incubation Program for Mobility Startups (Maruti Suzuki x NSRCEL) is a grant from NSRCEL (IIM Bangalore) in partnership with Maruti Suzuki India Limited for dPIIT-recognized, technology-based startups operational for less than 10 years with an annual turnover under Rs 100 crore, working in…. It provides Prizes worth up to Rs 1 crore (non-cash: a Maruti Suzuki car and international immersion for selected startups), plus a possible paid PoC with Maruti Suzuki; no equity taken, for mobility · automotive · ev-tech · clean-technology. Applications are currently open.
Key facts
| Amount / benefit | Prizes worth up to Rs 1 crore (non-cash: a Maruti Suzuki car and international immersion for selected startups), plus a possible paid PoC with Maruti Suzuki; no equity taken (Prizes worth up to Rs 1 crore (non-cash: a Maruti Suzuki car and international immersion for selected startups), plus a possible paid PoC with Maruti Suzuki; no equity taken) |
|---|---|
| Provider | NSRCEL (IIM Bangalore) in partnership with Maruti Suzuki India Limited |
| Where | Pan-India |
| Stage | Paid Pilot, Prototype |
| Sector | mobility · automotive · ev-tech · clean-technology |
| Deadline | Applications open |
What is Incubation Program for Mobility Startups?
Incubation Program for Mobility Startups (Maruti Suzuki x NSRCEL) — Prizes worth up to Rs 1 crore (non-cash: a Maruti Suzuki car and international immersion for selected startups), plus a possible paid PoC with Maruti Suzuki; no equity taken — DPIIT-recognized, technology-based startups operational for less than 10 years with an annual turnover under Rs 100 crore, working in mobility, vehicle technology, EV/clean-tech, or related digital/data domains. It is run by NSRCEL (IIM Bangalore) in partnership with Maruti Suzuki India Limited.
This is equity funding — the investor (often through a fund) takes a stake in your company in exchange for capital, rather than lending or granting money. You give up some ownership; you don’t repay it like a loan. The amount and form of support that actually apply to you depend on the programme’s rules and how your application is assessed — they are not fixed for every applicant.
It is aimed at businesses in mobility · automotive · ev-tech · clean-technology. Like most government programmes, it has its own eligibility conditions, documentation and application window, and these terms are revised from time to time. Because of that, it is worth confirming the current eligibility, amount and deadline on the official programme page before you invest time in applying.
Who is eligible for Incubation Program for Mobility Startups?
DPIIT-recognized, technology-based startups operational for less than 10 years with an annual turnover under Rs 100 crore, working in mobility, vehicle technology, EV/clean-tech, or related digital/data domains.
How much does Incubation Program for Mobility Startups give, and in what form?
Prizes worth up to Rs 1 crore (non-cash: a Maruti Suzuki car and international immersion for selected startups), plus a possible paid PoC with Maruti Suzuki; no equity taken, as prizes worth up to Rs 1 crore (non-cash: a Maruti Suzuki car and international immersion for selected startups), plus a possible paid PoC with Maruti Suzuki; no equity taken.
Frequently asked questions
What kind of support is this?
This is equity funding — the investor (often through a fund) takes a stake in your company in exchange for capital, rather than lending or granting money. You give up some ownership; you don’t repay it like a loan.
Who runs this programme?
Incubation Program for Mobility Startups (Maruti Suzuki x NSRCEL) is offered by NSRCEL (IIM Bangalore) in partnership with Maruti Suzuki India Limited. Eligibility and approval rest with them; the criteria and amounts are set by the programme.
Is there a deadline to apply?
Programmes like this can be rolling or time-bound. Confirm the current window on the official programme page before you apply.
How do I know if I’m eligible?
Read “Who can apply” above for the programme’s own criteria. If you’d like a quick read on your specific case, our free 2-minute eligibility check maps your stage, sector and revenue to what you can realistically claim.
Related programmes
Browse similar grant programmes. CapEasy handles this under Fundraising advisory. CapEasy handles this under Startup India and DPIIT recognition.
Source and verification
No official page is linked for this programme yet. Verification date pending. Government programmes change — confirm current eligibility, amounts and deadlines on the official programme page before you apply. CapEasy is a private consultancy and is not affiliated with any government authority.