City
Epaper

Anand Mahindra praises IIT-Madras startup for developing electric flying taxi

By IANS | Updated: May 11, 2024 13:05 IST

New Delhi, May 11 Mahindra Group Chairman Anand Mahindra has praised the Indian Institute of Technology (IIT) Madras ...

Open in App

New Delhi, May 11 Mahindra Group Chairman Anand Mahindra has praised the Indian Institute of Technology (IIT) Madras startup that is developing an electric flying taxi, saying 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," Mahindra wrote.

Since being shared, his post has been viewed by more than 190K times. Several users also shared their thoughts in the comments.

"Exciting times, this is audacious thinking taking root. With our immense talent pool and a supportive environment, Indian innovators are truly taking flight," a user wrote.

"India's incubators are hatching the future, and IIT Madras is leading the charge with their electric flying taxi project. This is the kind of innovation that puts a country on the map and inspires the next generation of dreamers and doers," another user said.

Earlier this week, IIT Madras said that it raised an all-time high amount of Rs 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 Rs 717 crore from alumni and corporate partners during FY24.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

TechnologyUS firm Federal Card Services enters India with $250 million investment, to create over 1,000 jobs

BusinessUS firm Federal Card Services enters India with $250 million investment, to create over 1,000 jobs

BusinessDesigning Luxury, Redefining Value: Inside the Mind of MRG Group's Leadership

EntertainmentVijay Varma Opens Up on His Bond With His Mom and Sister; Says, “…That Stigma Was Thrown Out as a Kid Itself”

NationalFaridabad explosives case: Search underway at Al Falah University, many questioned

Business Realted Stories

BusinessIndian stock market continues upward trend as IT, auto stocks lead

BusinessPress Industry calls for a balancing act while implementing quality control orders on plastics and polymers

BusinessAirtel Money launches next-generation, cloud-native mobile money platform powered by Comviva's mobiquity® Pay

BusinessSoldiers, scientists and startups must unite to create new defence technology: Rajnath Singh

BusinessTrue Colors Limited Announces H1 FY26 Financial Performance