Leading Indian EV company Kinetic Green Energy & Power Solutions on Tuesday announced that it has entered into a long-term partnership with the global EV company Aima Technology to co-develop e2W for Indian consumers.
Within a year, the two companies plan to explore a joint venture in which Kinetic would use its brand and production skills to expand globally, while Aima will use its technology, R&D, and global reach.
According to a press release from the company, G-Power Energy & Technology, Chennai, a partner of Great Power, China, the maker of lithium cells and battery packs, has played a significant role in forging this partnership and will continue to provide support in localisation and technology enhancement.
As part of this collaboration, Aima will assist Kinetic with design and help with model updates and rapid localisation to meet the needs of Indian customers.
The JV aims to launch at least three new models in India during FY23, including models from Aima’s new advanced high-speed scooter platform.
Initially, the two-wheelers developed through the agreement will be offered under the Kinetic brand, with AIMA technology support acknowledged.
Further, the partners have also discussed the possibility of launching co-branded vehicles in the future and bringing new global brands to India.
Sulajja Firodia Motwani, Founder and CEO, Kinetic Green, said, “Kinetic Green’s vision is to bring wide range of advanced, innovative yet affordable electric vehicles to the Indian mass market. We are delighted to partner with the world’s largest and leading EV player, Aima, and are looking forward to working together with them. We are also committed to building a strong EV eco-system together including local supply chain, and convenience of fast charging, battery swapping, long range EVs to popularise this technology across the length and breadth of India.”
Su Yuhang, President, Aima Technology Group, said, “Aima has witnessed India’s great potential in green mobility, particularly in the year of 2021, fuelled by FAME II incentive policies, the YoY E2W growth of 631%, again showcased India’s resource endowment and competing advantage in the private transportation industry. India will always be Aima’s strategic priority for global investment to cater the need of green and smart mobility.”