

But can we also talk about what Indians are doing to change this? Not everything rests with the Govt. We all have to do our bit. And our startups are constantly trying to change this pervasive pessimism. In our @Rainmatterin portfolio, I can think of just 2 examples that are working hard to move us forward in tech, innovation, and manufacturing. It's not an overnight journey. 1. @NaxatraLabs - building EV motors from India. Everything from scratch. The attached images speak for themselves. :) 2. @ergon_labs - the first combined fast charger and motor controller in the world. Ashwin, the founder of Ergon, said something really important to me yesterday. He said that when India was expanding into petrol bikes, we could import tech from outside. But as we go deeper into the EV scooter and 2-wheeler ecosystem, we will have to innovate ourselves. And they are doing it. To make sure we dont have to ask anyone else for tech. Of course, there are several others across the ecosystem working in precision engineering, materials, and energy, all solving the issue we keep coming across. Sure, all of this will take time. And until then, everyone can write about how we are sticking to low-value segments. Change will happen. Slowly at first and then suddenly. Never underestimate the resolve of the Indian startup ecosystem. ♥️














