Capsula Studio, the smart mobility incubator backed by Tel Aviv University, has partnered India-based commercial vehicles seating manufacturer Pinnacle Industries to launch an accelerator in the city of Pune.
Dubbed Pinnacle Capsula Studio, the accelerator will aim to connect researchers with entrepreneurs and relevant global entities. It will operate as a non-profit initiative and will be located at College of Engineering, Pune’s Bhau Institute of Entrepreneurship and Leadership.
The accelerator will focus on smart mobility, though other sectors such as agriculture, food, healthcare and education are expected to be added in future.
Pinnacle Industries will supply the initial funding and will be responsible for finding additional investors and relevant firms. The first cohort is expected to join in 2018.
Ariel Sella, managing director of Capsula Studio at Tel Aviv University, said: “Pervasive data, computing and communication allow innovative entrepreneurs worldwide to deliver immense economic and societal gains.
“We are so excited to commence our first global partnership with [Pinnacle’s chairman and managing director] Sudhir Mehta to combine Israel’s technology and start-up strengths with the immense potential of Indian entrepreneurs in the Indian market and beyond.”
