Eastman Auto and Power Ltd (EAPL) has entered into a strategic partnership with MTOW Mobility Private Limited (Urja Mobility). The collaboration aims to enhance electric mobility in India by deploying over 20,000 lithium-ion batteries and driving innovation in battery technology.
The Memorandum of Understanding (MoU) between the two companies focuses on integrating Eastman’s expertise in advanced lithium-ion batteries with Urja Mobility’s innovative battery leasing solutions. By incorporating Urja Mobility’s IoT and software systems into the batteries, the partnership will enable remote monitoring and analytics, improving efficiency and usability for electric vehicle operators. The solution targets the electric three-wheeler market, a critical segment in India’s EV ecosystem, where Eastman is already a market leader in e-rickshaw batteries.
The collaboration supports India’s sustainability goals by encouraging the adoption of electric mobility and reducing carbon emissions. It also addresses cost and efficiency challenges in EV adoption through Urja Mobility’s leasing model, which lowers the upfront investment for drivers and fleet operators while providing reliable and sustainable energy solutions.
Shekhar Singal, Managing Director, Eastman Auto and Power Ltd, stated “Our cutting-edge lithium-ion battery technology, combined with Urja Mobility’s innovative leasing solutions, will play a crucial role in making sustainable transportation accessible to millions across the country. This collaboration aligns with India’s vision of reducing carbon emissions and advancing renewable energy solutions.”
Pankaj Chopra, Co-Founder and Director, Urja Mobility, added “This MoU is a big step forward in our mission to revolutionise transportation in India. By providing cost-effective and reliable battery solutions, we aim to empower drivers and contribute to India’s greener future.” The partnership is expected to strengthen Eastman’s position in the electric three-wheeler market while offering innovative solutions for sustainable mobility.