"The NITI GearShift Challenge invites students, transport service practitioners, academics, and researchers to develop innovative business models that address financial, technical, and operational challenges in the adoption of electric trucks. The program has garnered participation from e-FAST India knowledge partners, financial institutions, and industry forums," read the official statement.
Here are details of hackathon:
The hackathon will unfold in two rounds.
- In Round 1, teams will submit their initial business models addressing a specific barrier—technical, operational, or financial—supported by high-level strategies and research.
- Shortlisted teams in Round 2 will present detailed business models with an implementation roadmap, backed by both primary and secondary research. These proposals will be mentored by industry leaders to ensure practical and impactful solutions.
Why is there a challenge?
India's freight sector is vital to the economy, ensuring the smooth delivery of goods to over 1.4 billion people. With road freight accounting for a staggering 55% of India’s annual diesel consumption and nearly 40% of CO2 emissions from road transport, there is an urgent need to transition to more sustainable solutions. The electrification of freight transportation is a key priority, as electric trucks offer a transformative opportunity to reduce emissions, improve air quality, and enhance energy security.
"The GearShift Challenge marks a pivotal move towards sustainable freight transportation in India. By tapping into the creativity and expertise of participants, the hackathon aims to generate practical solutions that will accelerate the adoption of zero-emission trucks, thereby benefiting both the economy and the environment," said NITI Ayog in the statement.
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