On Wednesday, Simple Energy has inked an initial pact with the US-based battery technology firm C4V (Charge CCCV) for cell manufacturing in India, the company said. The Bengaluru-based energy startup had launched its first e-scooter, Simple One mid-August last year. It has, however, not yet commenced the deliveries of its maiden offering.

• Tech Mahindra Expands ServiceNow Alliance for Enterprise AI
• Aditya Birla Capital Shares Jump 4% on Gold Loan Foray
• Crompton Greaves Shares Rise on FY29-31 Outlook
• Escorts Kubota to Invest Rs 2,000 Crore in New UP Plant
• Brigade Enterprises Shares Jump 6% on HealthEdge Lease Deal

Lithium-ion battery cells are the central unit of any electric vehicle (EV). Simple Energy leads the domestic EV industry by vertically integrating the entire value chain. As part of this, the company has signed a Memorandum of Understanding (MoU) with C4V for setting up a Lithium-ion cell manufacturing ecosystem in India, it said.

In addition to the build-in India initiative, this strategic partnership utilises cells with industry-leading safety, higher energy density than LFP (Lithium Ferro Phosphate) batteries, faster charging, and longer life cycle based on C4V’s patented technology, Simple Energy said.