UK and India seal Free Trade Agreement Signed in London

India’s AI ecosystem recorded a notable advance with CoRover’s launch of BharatGPT Mini at VivaTech 2025 in Paris and a swift commercial tie-up with Ecole des Ponts Business School. The agreement marks the first European adoption of the Indian-developed conversational AI, positioning BharatGPT Mini as a practical tool for student services including resume review, program selection, and admissions guidance.Designed for efficiency and privacy, BharatGPT Mini runs on-device and offline, reducing cloud dependency and costs while keeping sensitive data local to users’ devices. The lightweight model processes voice, text, and video inputs and supports 14 Indian languages alongside major global languages—an approach aligned with digital inclusion goals highlighted at the launch.“BharatGPT Mini offers a timely alternative” amid rising cloud costs and data privacy concerns, CoRover said during the announcement. Founder and CEO Ankush Sabharwal framed the partnership within the broader diplomatic and innovation ties between India and France, citing the shared vision of Prime Minister Narendra Modi and President Emmanuel Macron for responsible AI.Unveiled by Union Minister of State Jitin Prasada at VivaTech, the product’s offline capability and multilingual support were emphasized as enablers of access: “Imagine citizens accessing healthcare, banking, or governance services just by speaking in their language-no apps, no typing.” Senior Indian officials, including Abhishek Singh of the Ministry of Electronics and IT and Ambassador Sanjeev Singla, attended the ceremony, underscoring governmental backing for indigenous AI.Early signals suggest market traction. CoRover reports enterprise interest up 60–70% and projects fivefold small-business adoption in FY26. With claims of more than 25,000 clients and over one billion users, the company frames BharatGPT Mini within a strategy of “AI sovereignty,” arguing nations should cultivate domestic AI capabilities rather than rely solely on foreign platforms.Beyond the product launch, CoRover’s participation in the Station F‑HEC International LaunchPad-supported by India’s Ministry of Electronics and Information Technology and facilitated by the Indian Embassy in Paris—illustrates how policy initiatives are helping Indian startups scale internationally. The firm’s no‑code/low‑code platform, CoRoverBuilder, aims to democratize conversational AI creation, lowering technical barriers for enterprises and institutions.As global AI development concentrates within a handful of technology giants, India’s emergence with privacy-focused, edge-first alternatives signals a shift in both geography and architecture-one that could expand access while reshaping cost and compliance dynamics for organizations across sectors.---Startup Europe India Network is the digital bridge connecting the EU, UK, and India - enabling collaboration, partnerships, and innovation between scaleups, corporates and innovators www.startupeuropeindia.net

The European Union (EU) has agreed to adjust the carbon price paid by Indian exporters under the Carbon Border Adjustment Mechanism (CBAM) and simplify carbon tax rules for small businesses, according to the new Strategic EU-India Agenda adopted by the EU's 27-member bloc. The CBAM tax, set to be implemented from January 2026, targets carbon emissions in the production of selected products including iron and steel, aluminium, cement, electricity, hydrogen, and fertilisers, with a threshold set for emissions beyond which the tax applies.Indian exporters will benefit as the carbon price effectively paid in India under its Carbon Credit Trading Scheme will be deducted from the CBAM financial adjustment. This arrangement aims to support Indian exporters who reduce emissions in CBAM-covered goods. Small businesses exporting to the EU will also benefit from simplified rules related to the carbon tax. The EU noted that India's carbon credit scheme is developing quickly, and lessons from the EU's Emissions Trading Scheme on monitoring, reporting, verification, and sector standards can assist India in this area.The EU also communicated the agenda's broader objectives, which include better coordination of bilateral cooperation, tackling global challenges, and supporting the conclusion of the India-EU Free Trade Agreement by the end of 2025. Skills mobility is addressed through a pilot European Legal Gateway Office to facilitate labor mobility, covering study, work, and research frameworks.Further elements of the agenda emphasize reinforcing supply chains, promoting technologies and digital cooperation with a focus on economic security within the Trade and Technology Council, and expanding tech partnerships. This includes proposing an EU-India startup partnership and inviting India to associate with the EU’s Horizon Europe research programme.The agenda outlines initiatives for decarbonisation and a clean energy transition, focusing on renewables, green hydrogen production capabilities, and expanding green finance. Other priorities include strengthening food security, health, climate and disaster resilience, as well as security and defense cooperation. Regional connectivity projects such as the India-Middle East-Europe Economic Corridor and enhanced trilateral cooperation with third countries under the Global Gateway initiative are also included as key agenda items.This joint agenda aims to deepen EU-India cooperation across economic, technological, environmental, and strategic areas. It reflects ongoing efforts to build closer trade relations and address shared global challenges systematically.Read more: https://www.eeas.europa.eu/sites/default/files/2025/documents/JOIN_2025_50_1_EN_ACT_part1_v9.pdf---SignUp to the Europe-India digital bridge for tech business and product leaders scaling between markets www.startupeuropeindia.net

Ola Electric is spearheading India's electric vehicle (EV) revolution with its state-of-the-art Gigafactory located in the Krishnagiri district of Tamil Nadu, on the outskirts of Bangalore. This expansive 115-acre facility is dedicated to the manufacturing of lithium-ion cells and is touted as India's first Gigafactory.India's First Gigafactory: A Hub of Complexity and Cleanliness The Ola Gigafactory is an extremely complex manufacturing facility, requiring exceptionally clean rooms where even moisture, sweat, hair, or dirt cannot enter the atmosphere. This level of precision is comparable to semiconductor manufacturing processes, making it one of the most intricate in the world.The Heart of EVs: The 4680 Lithium-Ion Cell At the core of Ola Electric's ambition is the 4680 lithium-ion cell, described as "the heart of EVs". Beyond electric vehicles, this small cell is envisioned as the "energy platform of the future," capable of powering diverse applications such as drones, humanoids, home energy storage devices (like inverters replacing lead-acid batteries), and even grid storage alongside solar plants.Impact on Ola Electric's Products and Margins The 4680 cells are set to power Ola scooters this quarter (Q2: July-September), with the first products delivered to customers during Navratri. Manufacturing these cells in-house will significantly improve Ola Electric's margins over the next 12 months, as they move away from importing this crucial component. All upcoming Ola products, including Gen 3 scooters, motorbikes, and future offerings, will utilise the 4680 cells. In-house cell production offers several strategic advantages:Technology Control: Ola gains control over the technology, which defines product performance, including charging speeds, range, and thermal performance.Supply Chain Resilience: It reduces dependence on external suppliers or geopolitical factors that might throttle supplies.Faster Development & Customisation: The ability to build the next generation of cell technology faster and customise cells for different products, such as motorcycles or performance bikes, is enhanced.All cells produced are BIS certified.A Glimpse into the Manufacturing Process The Gigafactory process is highly automated and precise:All-Women Workforce: A notable highlight is that the Gigafactory is an all-women facility, currently employing around 500 women and scaling up to 1,000. These women operate complex machines, engaging in high-skill level jobs rather than manual labour. Many are engineering graduates.Cathode Production: The process begins with cathode making, where raw materials are processed and wound into electrode rolls. These raw materials are sourced from multiple countries, including China, Japan, Korea, and Australia (a major producer of lithium and manganese).Slitting: Large electrode rolls are then precisely slit into smaller "daughter rolls" with micron-level accuracy.Assembly and Jelly Roll Creation: In the assembly process, the cathode, anode, and a separator are combined into a "jelly roll".Multi-Stage Production: Making a cell involves almost 20 more processes after the jelly roll stage. This includes flattening sides, intricate welding to attach the lid, and taping sides to ensure vacuum and air-proofing.Electrolyte Filling and Charging: The cells are initially open for electrolyte filling, after which they are sealed with a plug and undergo a 10-day charge/discharge "hibernation" cycle.Quality Assurance with AI: Every single cell undergoes an X-ray inspection, with AI imaging used to detect any deviations in critical parameters like the gap between cathode and anode layers. This ensures micron-level accuracy and is essential for the factory's operation.Production Capacity: The factory boasts a throughput of 1 to 2 lakh cells per day. Approximately 40 of these cells go into one scooter battery pack.Investment: The 5 GWh capacity of the Gigafactory will require an investment of approximately $400 million, much of which has already been invested through equity and pre-IPO debt.Moving Towards Rare Earth-Free Motors Ola Electric is also working on a rare earth-free motor, specifically a ferrite magnet motor. This initiative comes as China holds a near monopoly on rare earths, which are essential for current motor technologies. Ola began this journey two years ago and is ready for production next quarter, aiming to de-risk its supply chain from rare earth dependency. The long-term direction for motor technology is to reduce or eliminate magnets by using copper wire with electricity to create electromagnets. In the short term, Ola has already diversified its magnet sources across multiple countries and produces motors in-house, mitigating immediate production impacts.Market Dynamics and Future Outlook The EV market in India has seen an aggressive ramp-up, with scooter adoption growing from almost zero to about 20% in just four years. While currently in a phase of consolidation, Ola anticipates another steep ramp-up driven by technology progression, cost reduction, and improved range and charging speeds.Ola Electric entered the market later than some rivals but was the first to scale, building significant vertical integration, factory scale, and consumer mind share. Ola has sold 1.2 million two-wheelers to date, significantly outpacing its closest competitor. The company has shifted its strategy towards profitable growth, focusing on deep vertical integration, technology development, and a "DNA of technology" to build good products and ensure profitability. Ola aims to achieve a 25-30% market share in two-wheeler EVs with high margins.Bhavish Aggarwal, founder of Ola Electric, states that their vision for the cell Gigafactory extends beyond their own products; it is intended to be an energy platform for India, with cells potentially supplied to other startups and companies for drones, robotics, energy storage, and other automotive products.Aggarwal draws inspiration from global EV leaders like Tesla and BYD for their vertical integration, high margins, and product differentiation, as well as cell companies like CATL and LG for their world-class processes and innovation. He believes it's "never too late" for India to start and scale up in these frontier technologies, aiming to "leapfrog" existing advancements.----Startup Europe India Network (SEINET) is an exclusive, invite-only platform connecting science and technology scale-ups, industry leaders, and investors from Europe and India to accelerate cross-border growth through sales, partnerships, and M&A. www.startupeuropeindia.net