Homegrown auto component major, GreenFuel bags the Make in India Emerging Entrepreneurs 2018 award in the automobile category. At a gala event held in New Delhi recently Make in India Emerging Entrepreneurs Summit and Awards 2018, Akshay Kashyap, Founder and MD, received the award from Union Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, Dharmendra Pradhan.
The Make in India Emerging Entrepreneur awards are an effort to recognise rising domestic players in manufacturing horizon of India. The winners were identified after a three month long intensive survey and were then shortlisted by an expert jury namely Uday Kotak, Aroon Purie, Manish Sabharwal, Hamitab Kant and Sanjay Nair.
Greenfuel specializes in product solutions for sustainable mobility. These solutions are based on their expertise in handling high pressure gaseous fuels, as well as ventures into exciting new areas of energy storage (batteries) and electromobility (battery-operated vehicles), all of which helped to bring the company out on top.
Speaking on the occasion, Kashyap said, “It is an honour to have our hardwork and passion recognized as a Make In India Emerging Entrepreneur. We want to use this opportunity to continue to grow and build upon our efforts. We believe that the future is green and sustainable technologies are a necessity to continue to better our country.”
Greenfuel is one of the largest suppliers of automotive components to OEMs for vehicles that run on alternative fuels. The firm’s innovative approach has helped shape the modernization of CNG systems for OEM vehicles. In fact, Greenuel is the first player to introduce NGV filling systems in cars as well as automatic cylinder valves, and the only entity to do complete fuel delivery and storage systems for low-floor busses in India. What is more, the company has also ventured into the exciting new areas of energy storage (batteries) and electromobility (battery-operated vehicles). In a short time, it has emerged as one of the knowledge leader in Li-ion batteries.
Greenfuel also has notched up other accomplishments:
• The first company in India whose CNG systems have run 1 billion kms on road with zero warranty.
• The first company to do complete systems for Low Floor CNG buses.