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AHODS Technologies, a Hydrogen Fuel-based Startup, has been selected for funding by the leading government-run Oil Marketing Company Indian Oil Corporation Ltd. (IOCL) to push a new-age clean fuel through hydrogen technology.
The Delhi-based startup was incubated by the Foundation for Innovation and Technology Transfer (FITT) at IIT Delhi. It recently signed a Memorandum of Agreement (MoA) with IOCL to commercialize its patented hydrogen technology- ‘Hydrogen on Demand’. IOCL would fund the startup to make a social and climate impact.
“The hi-tech future technology device and patented method of saving fuel application would reduce petrol and diesel cost of the vehicle owners. The company’s target is to facilitate the adoption of clean fuel at affordable prices by avoiding cylinder space and least changes to vehicles, similar to CNG kit pricing. Hopefully, the bookings would start by mid-2023. India has 3.5 crore registered vehicles running on the road for a change. Moreover, we are the 3 rd largest maker of Automobiles with $ 50 billion of organized and unorganised After Market and Network,” said, Mr Saurabh Mohan Saxena Founder of AHODS Technologies.
Hydrogen on Demand technology is expected to attract millennials the most as it would make them eco-friendly and save plenty of money.
Dr SSV Kumar, Director (R&D, Indian Oil Corporation said, “With steadfast commitment to balance our stated objectives of decarbonization and onus of fulfilling national energy security imperatives lies on us, Indian Oil is striving towards mainstream Hydrogen for various applications.”
The government is pushing clean energy sources like Solar, Wind along with Alternate fuels like Ethanol blending and Electric Vehicles. EV has range anxiety and needs high investment and time for charging infrastructure development and power availability along highways.
“To achieve Carbon Neutrality, India needs to focus on research and innovation. We, at FIIT IIT, make all efforts in enabling innovations and techno-preneurship, business partnerships, technology development, ‘Hydrogen on Demand’ is a solution to convert the exiting Internal Combustion Engine Vehicles into fuel-efficient vehicles with alternate fuel hydrogen along with Petrol and Diesel and supported by digital ML/AI technology.