On March 28, 2025, Dr. Shashwata Chattopadhyay, R&D AGM at Rayzon Solar, visited NCPRE and the Photovoltaics Technology and Innovation Centre (PoTIC) at IIT Bombay to explore potential collaborations. The discussion took place in the presence of Prof. Anil Kottantharayil (Professor-in- charge of PoTIC and Co-PI of NCPRE), Prof. Narendra Shiradkar (Co-PI, NCPRE), Dr. Diksha Makwani (Sr. Executive Officer, NCPRE) and Mr. Kedar Deshmukh (Manager, PoTIC). This visit paved the way for a significant milestone: on May 5, 2025, a Memorandum of Understanding (MoU) was signed between IIT Bombay and Rayzon Solar. The MoU was formalized by Prof. Leena Vachhani, Associate Dean (R&D) at IIT Bombay, and Mr. Amit Barve, CEO of Rayzon Solar. This collaboration aims to drive joint R&D, facilitate knowledge exchange, and foster ecosystem development in the field of photovoltaics. Additionally, it will provide students with hands-on exposure to cutting-edge industry projects, enhancing their learning and innovation opportunities.