Simple Energy, located in Bengaluru, has struck an agreement with lithium-ion battery company C4V to establish a Lithium-ion cell manufacturing ecosystem in India.
The collaboration marks a strategic shift in Simple Energy’s aspirations to become one of the largest two-wheeler manufacturers. The EV manufacturer is now seeking to sell 100,000 units of its Simple One E-scooter in fiscal year 23.
C4V and Simple Energy will ensure that the products are designed from the ground up in India. The collaboration will also aid in the delivery of efficient and safe battery packs, which will most likely be used in goods other than e-scooters.
Simple Energy’s current factory is in Hosur, Tamil Nadu. Which has the capacity to produce 200,000 units per year, but can easily be expanded up to 1 million units.
The lithium-ion cell manufacturing ecosystem will most likely be built on a 600-acre second factory in Dharmapuri. Once completed, the enterprise will be able to produce 12.5 million units per year.
The Simple Energy & C4V partnership’s concept is to utilize the skills of two indigenous R&D-based enterprises, to manufacture goods that have been vetted for local environmental and traffic conditions and are therefore really “Made in India.”
This is a PR Agency Feed; edited by Clean-Future Team