New Delhi, Dec 16 (NationPress) The mobility sector in India is undergoing a significant transformation, with projections indicating that the market will more than double, surpassing $600 billion by 2030, according to the National Association of Software and Service Companies (Nasscom). This remarkable growth is fueled by factors such as urbanization, increasing incomes, and a swift rise in the adoption of electric vehicles, Nasscom explained in a recent announcement regarding the winners of the Mobility Innovation Challenge.

"Technological advancements in electrification, automation, clean energy, and digital infrastructure are fundamentally altering the design, construction, and user experience of mobility solutions," the report stated.

The challenge showcased the maturity of the mobility ecosystem and highlighted the convergence of deep technology, industry objectives, and large-scale deployment aspirations.

This initiative aimed to foster innovation in areas such as electric and clean fuel technologies, energy systems, autonomous and connected mobility, alongside the digital frameworks necessary for scalability and global competitiveness.

According to Sangeeta Gupta, Senior Vice President & Chief Strategy Officer at Nasscom, "India is stepping into a pivotal decade for mobility. Our challenge lies in not only fostering innovation but also in developing the capacity to translate groundbreaking concepts into scalable and competitive solutions."

The Mobility Innovation Challenge attracted 390 applications from 174 unique startups, addressing 17 curated problem statements from leading automobile firms.

This high volume of applications reflects both the vast opportunities and the depth of innovative capabilities present in India, as noted in the statement.

Nearly half of the participating startups were in the early stages, while most were prepared for the market or piloting their solutions; collectively, they had filed over 200 patents. Furthermore, many had existing customers and secured funding.

The technology landscape was predominantly AI-driven, with significant representation across IoT, robotics, and immersive technologies, in addition to emerging fields like physics-informed neural networks, post-quantum cryptography, and advanced battery recycling.