Get All Access for $5/mo

Anand Mahindra Praises IIT-Madras Start-up For Flying Electric Taxi Recently, a Bhopal based start-up came up with Bolero SUV, fitted with self-driving technology which caught Mahindra's eye and he praised the startup.

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Photo Curtesy: Anand Mahindra's post on X.

Mahindra Group Chairman Anand Mahindra has praised the IIT-Madras start-up which is developing an electric flying taxi and said that the institution has become one of the world's most "exciting and active incubators".

"A company is being incubated at IIT Madras to build a flying electric taxi by sometime next year," Mahindra posted on X.

Thanking the institution, he further said that with the rapidly growing number of ambitious incubators throughout India, "we're no longer seen as a country that lacks genuine innovators".

"Audacious aspirations matter. Accept no limits," Mr Mahindra wrote.

Recently, a Bhopal based start-up came up with Bolero SUV, fitted with self-driving technology which caught Mahindra's eye and he praised the startup.

"An engineer who's not building yet another delivery app. @sanjeevs_iitr is using complex math to target level 5 autonomy. I'm cheering loudly. And certainly won't debate his choice of car!" he added.

Earlier this week, IIT Madras said that it raised an all-time high amount of INR 513 crore in funding from its alumni, industry and individual donors during the financial year 2023-24.

The institute also attracted total new pledges of ₹ 717 crore from alumni and corporate partners during FY24.

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Living

I Created 2 Habits That Significantly Improved My Daily Life — Here's How You Can Do the Same

Good habits are a powerful way to live your best life. Here's how I created new habits to enable me to start my day off right.

Marketing

How to Text Customers Without Getting Sued — Your SMS Marketing Compliance Guide

SMS marketing is a growing channel, but you've got to stay compliant with regulations. Here's what to know and do.

Data & Recovery

Enjoy 20TB of Lifetime Cloud Storage for $80

This lifetime subscription to Prism Drive Secure Cloud Storage makes saving files more affordable.

Marketing

5 Pervasive Myths About Email Marketing That (If Believed) Could Derail Your Business

Is email marketing worth it anymore? Time to debunk the biggest myths and set the record straight.

Technology

Semiconductor companies partner with academia to bridge skills gap

The semiconductor industry in India is expected to face a shortage of 250,000 to 300,000 professionals across various verticals, including research and development (R&D), manufacturing, design, and advanced packaging, by 2027, according to a report by TeamLease Degree Apprenticeship

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.