New Delhi [India]April 5 (ANI): According to a release by Petroleum and Natural Gas (MOPNG), ONGC’s Startup Fund has seen a 450 percent increase in the evaluation in five years.
According to the Ministry, the first oelfield startup under the Startup India Policy, Velrax, is expanding its energy solution to more than 120 countries.
Show full article
Indians have funded 42 startups under their INDS_UP initiative, leading to 86 intellectual properties and 635 jobs.
The Oil India Calich supports Dippec Ventures like Private Limited, which specializes in the biochemical sand influx control for oil wells, and carbonation India Private Limited, which develops a permanent waste management solution for oil and gas sector, said the ministry.
The Ministry of Petroleum and Natural Gas has actively participated actively in the Startup Mahakumba 2025 in New Delhi from April 3 to 5.
Oil and gas PSUs have installed strong structures for Intubate, Mentor and Fund Innovative Startups. A total of 32 PSU-supported startups are participating in the Startup Mahakumba 2025.
Release said that expert participation from PSU officials added significant value to startup Mahakumba 2025, which gives startups access to decades of industry experience and strategic insights. A total of 14 senior officials of major PSU oil and gas companies shared their expertise on research mudification, EV innovation, manufacturing integration and mobility solutions.
The chairman, the ONGC was part of the opening plane season. Insight on investment strategies for electrification in other sessions, policy encouragement for EV innovation, acceleration of last-meal eV mobility, etc., etc.
The incident hosted a incubation rounds called “Lab from Lab from Lab from Lab – Unlocking Research Monettion”, characterized by senior officials of BPCL, ONGC, Oil India and HPCL.
After the grand success of its inaugural edition, which was obtained by Prime Minister Shri Narendra Modi, Startup Mahakumba 2025, ‘Startup India @ 2047: to disclose the story of India.’
The program has expanded considerably, with over 1,000 investors and incubators with more than 3,000 startups in 11 thematic fields, an environment promotes an environment for innovation and entrepreneurship.
The Ministry of Petroleum and Natural Gas has performed continuously during the India Energy Week 2025, as is held in Yashobomi, Dwarka, Delhi from 11th to 14 February.
‘Avinya’ 25 – Energy Startup Challenge’ identified and rewarded startups that progressed in CO2 Capture, ESG Solutions and Renewable Energy. Additionally, the ‘Vasudha-Oil and Gas Startup Challenge’ recognized the International Startups leading the upstream oil and AI-operated solutions in the gas sector.
Other PSUs are also running innovation. Eil’s EngSUI initiative has supported 31 startups with Rs 35 crore, funding projects, compostable polymers and carbon captures in industrial enzymes.
HPCL’s HP UDGAM program has provided Rs 35 crore to 29 startups in seed funding, including Maral Aerospace, which develops solar-operated long distance drones.
The BPCL’s Ankur program has funded 30 startups with Rs 28 crore, which has helped them to increase USD 132 million and get a cumulative assessment of US $ 300 million.
Gayle’s firm initiative supports startups in energy, logistics and industrial technology, showing pipeline repair, biogas generation and solution in sustainable materials.
Through these continuous efforts, MOPNG and its PSUs are promoting a technology-powered and permanent energy ecosystem, strengthening the startups to lead India’s energy infection and innovation landscape. (AI)
This report has been auto-generated from Ani News Service. ThePrint does not have any responsibility for its content.