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.
- ChatGPT Mobile App Introduces Video and Screensharing Features
- India’s Forex Reserves Drop by $3.23 Billion to $654.86 Billion on 6th Dec
- Paraguayan President Santiago Pena Opens Jerusalem Embassy
- Premier Energies Planning to Establish 1 GW Manufacturing Plant in Telangana
- International Gemmological Institute (India) IPO GMP, Lot Size & Key Dates
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.