Cleantech-centric platform that creates, designs, and manufactures clean technologies and products for mobility, Anevolve, has announced the launch of its first state-of-the-art plant for power electronics in Bhiwadi, Rajasthan.
Established by Anjali and Jaisal Singh to complement the $2 billion Anand Group, the plant, under Anevolve's new division - Anevolve Powertronics, will focus on sustainable industries such as EVs and manufacturing products for non-auto sectors such as BLDC fans.
In sync with the Government’s ‘Make in India’ vision, especially in the strategic area of power electronics, the plant will manufacture EV products such as inverters, AC/DC converters, and onboard chargers, along with power distribution units, which will enhance the shift to clean mobility.
Jaisal Singh, Executive Chairman of Anevolve, said, “The creation of Anevolve is for us, not just as a business group but also as a family, an important and significant step in this journey.' It will design, create, and manufacture green technologies, systems, and solutions for wide-ranging applications across sectors, he added.
Sunil Kaul, Managing Director, Anevolve, said, “The automotive industry has undergone a sea change and electric mobility is the clear future of transport. Against this backdrop, there is a need for thoughtful collaborations to innovate and go down the path of sustainability. Anevolve Powertronics is a collective effort to conceptualise, design, and develop advanced technologies that provide appropriate and sustainable solutions to the mobility industry, as well as to non-auto sectors such as white goods.”
In January, the company partnered with Japanese sustainable energy solution provider Headspring Inc. to set up an engineering centre in India.
Anjali Singh, Executive Chairperson, Anand Group, said, 'Anevolve Powertronics shows that smart business logic and creating a better planet are intertwined—and this is very much part of our credo.'
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