Omega Seiki Mobility Enters A Joint Venture With iM3NY, e-Rise EV Partners With Ipower Batteries And Much More...

Tube Investments of India Limited (TII) through its wholly-owned subsidiary, TI Clean Mobility Private Limited (TICMPL), is pursuing its vision for #cleanmobility, especially in the #electricvehicle industry.TICMPL has executed a Share Purchase Agreement with Montra Electric Tractor -Mobility Private Limited to acquire 30.04% of Cellestial’s remaining stake for an aggregate of Rs.?50.90 Cr.?Cellestial is an innovative start-up that designs and develops electric tractors.?Cellestial is currently owned by TICMPL at 69.96%.

ARENQ , India’s fast-growing manufacturer and distributor of #storagebatteries, has forged a three-year partnership with the leading Chennai based company in the auto electrical sector, Lucas TVS . With this move, ARENQ will extend its sales and marketing services to facilitate the distribution of Lucas’s motors and controllers across India. As a part of this association, Lucas TVS will train ARENQ engineers in the maintenance and troubleshooting of the products to provide consumers with immediate service. This will further enable ARENQ’s plan to set up motors and controller service centers PAN India.

Olectra Greentech Limited (OLECTRA),?India’s?leading #electricmobility company, on a standalone basis, has recorded unaudited revenue of?Rs 248.6 crores?for the quarter ended?December 2022, as against?Rs 207.1 crores?for the corresponding quarter ended?December 2021.??The company reported Earning Per Share (EPS) of?Rs 5.23?for the period ending?December 31, 2022, compared to?Rs 2.22?for the period ending?December 31, 2021.

Omega Seiki Mobility (OSM), a part of the Anglian Omega Group today announced a joint venture with iM3NY , a prominent battery technology player in the US, to bring battery cell technology in the Indian market for the first time from the subcontinent. Also, OSM previously signed a Joint Venture with Jae Sung: Korean Technology Player, for manufacturing of localized #evpowertrains fuelled by Jae Sung’s expertise and technology prowess. A total of 6 variants of the powertrain company have been developed from 7.5 KW to 34 KW for the entire range of OSM’s electric Vehicles.

@e-Rise #ev is a Rohtak-based electric two-wheeler OEM. Ipower Batteries Pvt Ltd has partnered with them to set up a first-of-its-kind EV battery service center in their stores.?This partnership is intended to address issues related to Lithium Ion batteries used in various EV OEMs.?Ipower will train the service personnel of e-Rise EV in the handling of Li-Ion batteries.?Ipower and e-Rise EV are both committed to making the EV ecosystem secure. Ipower is also looking for additional OEM associations. Their goal is to create a network of like-minded EV companies that are committed to making the EV ecosystem safer for everyone to adopt.