e-Ashwa Automotive signs JV with Texor Energy to produce Lithium Ion Batteries – ET Auto
Till date, the company has sold over 18,000 EV products under different categories – e-scooters, e-motorbikes, e-loaders, e-food carts to e-garbage vehicles.
New Delhi: e-Ashwa Automotive Private Limited, a leading and growing electric vehicle manufacturing brand in the country, has signed its first joint venture with Texor Energy to produce lithium batteries.
As part of the joint venture, e-Ashwa Automotive and Texor Energy will jointly produce the lithium batteries under the joint brand of e-Ashwa & Texor. This partnership will help e-Ashwa Automotive to use its own branded lithium batteries in its wide range of electric 2-wheelers and 3-wheelers, a media release said.
Vikas Gupta, Founder & CEO, e-Ashwa Automotive, said, “Battery is an important part of electric vehicles and there is a greater need for a localized manufacturing to cater to the needs of the Indian market. By partnering with Texor Energy, e-Ashwa has entered the battery manufacturing space which will help expand its offerings and provide company owned lithium ion batteries to our vehicles. As a result of this tie-up, both companies will have the opportunity to provide their customers with quality battery packs and extend their reach across the country.”
e-Ashwa Automotive is strengthening its capabilities in Lithium-Ion batteries and partnered with Neuron Energy, a manufacturer of lithium-ion and lead acid batteries, last month for sourcing 600 EV battery packs each month and 10,000 battery packs per year. It has also recently announced the launch of its new EV Design and Engineering Centre in Ghaziabad, the release added.
e-Ashwa has 12 different models of electric 2-wheelers and a few electric 3-wheelers models under its own brand e-Ashwa. Under electric 3-wheelers, e-Ashwa has its own model of e-Rickshaw, e-Loader and e-Auto apart from vehicles like e-Cargo, e-Garbage, e-School van and the like in the 3-wheelers verticals.
For the past 4 years, e-Ashwa has been selling EV products and has so far set up 26 assembly units at various parts of the country with 750+ team members from technical and support function background including dedicated Research and Development people. Till date, it has sold over 18,000 EV products under different categories – e-scooters, e-motorbikes, e-loaders, e-food carts to e-garbage vehicles. It has assembly units in 16 states with a strong dealership network of over 1000+ dealers across the country, the release said.
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