The new age e2W maker, Simple Energy, on Wednesday announced that it has signed a MoU with C4V, for setting up a Lithium-ion cell manufacturing ecosystem in India.
Additionally, this strategic partnership utilises cells with industry leading safety, higher energy density than LFP, faster charging, and longer life cycle based on C4V’s patented technology, a communication from the e2W manufacturer stated.
Further, it confirmed that C4V will supply Lithium-ion battery technology to the e2W manufacturer for its upcoming two-wheeler and four-wheeler.
Shreshth Mishra, Co-Founder, Simple Energy said, “By partnering with C4V, we will consolidate cell supply, which is a vital component for us. This strategy also make us more self-reliant and reduces our dependency on imports”
Kuldeep Gupta, Vice President-Strategic Partnership, C4V said, “Empowering local manufacturing will not only reduce the burden of import duties but also ensure the timely supply of quality batteries in the EV space boosting the confidence of OEMs in the Electric Mobility Market.”