The Business Bytes
TBB BUREAU
CHENNAI, AUGUST 26, 2023
Indian IT company CSM Tech, with an active business footprint in Africa, Dubai, the US and Canada, has teamed up with IIT Madras to help build the world’s fastest, autonomously driven electric race car by 2025.
CSM Tech is backing Raftar, a motorsports team run by the students of IIT Madras. Raftar is a team of 40-odd students from different disciplines in IIT Madras with a shared passion for automotive engineering and motorsports. Every year, the team takes up the challenge of building a swift Formula Student race car. It works to become the nation’s most competent and cohesive team of engineers.
Industry partnerships play a pivotal role in the design, development and adoption of electric vehicles (EVs). The synergy between a tech company like CSM and an academic and research institution of IIT Madras’ repute brings in a string of benefits like shared expertise and resources, cost sharing and risk mitigation, accelerated research and development, standardization and interoperability, policy advocacy, ecosystem development and knowledge exchange. CSM has been a strong votary of Make in India and Atmanirbhar Bharat as these Government initiatives are aimed at creating and nurturing a virtuous cycle of growth, innovation and self-reliance.
Keeping to that credo, CSM Tech has inked an MoU with IIT Madras to power the ambitious dream of developing a disruptive race car underpinned by indigenous capabilities.
The MoU was inked between CSM Tech Founder & CEO Priyadarshi Nanu Pany, Company’s Chief Human Resources Officer (CHRO) Lagna Panda, and IIT-Madras Dean of Industry Contribution & Sponsored Research Prof. Manu Santhanam, in the presence of Chemical Engineering Department Prof Aravind Kumar Chandiran and several members of the Raftar Team.
Speaking on the occasion, CSM Founder & CEO Priyadarshi Pany said, “This is the future. I am backing it. What the students and faculty of IIT-M can achieve with indigenously built electronics, embedded technologies, and cross-domain expertise is simply spectacular”.
Pany advised members of Team Raftar to stay aligned with the envisioned goals.
“The efforts by Raftar have the potential to be a game-changer in the passenger vehicle as well as heavy vehicles, telemetry, vehicle tracking, and much more. This team is a force to reckon with, and I urge them to keep working towards taking the nation forward and upward. The next big innovation of the automobile industry should originate in India”, he added.
Concurring with Pany’s thoughts, Prof. Santhanam underscored the role of industry partners in enabling and empowering the engineering ecosystem at IIT, especially Team Raftar. He accredited the students for the temperament and determination to lead such a complex project, executing it excellently and refusing to give in or give up even when faced with insurmountable challenges.
Started in 2012 as a student’s club in 2008 for building a blazing-fast combustion-driven sports car, the team has won the Formula Bharat thrice, the topmost motorsports event in the country for educational institutions, more than any other peer. It has also shone brightly abroad at events like Formula Germany and established itself as a formidable force in the university-level combustion and EV categories.
CSM has started supporting IIT-Madras under the CSM Foundation, the company’s non-profit arm that conceptualizes and backs unique CSR interventions. Last year, it instituted a scholarship at IIT Delhi for the undergrad program, pledging to continue it for a decade. In synchrony with the vision of its top leadership, CSM Tech will continue to support institutions of national eminence in the field of education and work towards improving access to higher education.
