Neuron Energy, a bootstrapped start-up in the battery manufacturing segment, recently announced its partnership with EVTRIC Motors, a leading name in the electric two-wheelers segment. With this tie-up, the start-up will supply 12000 battery packs per year, generating an approximate revenue of Rs 50 crore annually.
This strategic and long-term partnership offers EVTRIC Motors continuous support for their battery pack requirements. It will receive extensive holistic service support from Neuron.
Commenting on the association, Mr Pratik Kamdar, Co-Founder, Neuron Energy said, “Neuron Energy has always been customer driven and our aim is to aid in the country’s adoption of electric vehicles across two, three and four-wheelers (LMV, HMV) segments. Our association with EVTRIC will help us expand the reach of our offerings and cater to a wider audience. Our batteries are safe and thoroughly tested and we ensure to provide post sales service support in case of any discrepancy to avoid any untoward incidents. We are hopeful that together we’ll be able to transition more consumers from regular two-wheelers to EV thus substantially reducing carbon footprint and build a greener future.”
Earlier in August this year, Neuron Energy expanded its footprint through a tie-up with EV Giant E-Ashwa. The purchase order included 600 battery packs per month and 10,000 battery packs annually. It is estimated that the deal will close at a whopping Rs 2 crores a month and Rs 30 crore annually. Commenting on it, Mr Pratik Kamdar said, “As a result of this tie-up, both companies will have the opportunity to provide their customers with high-quality battery packs and extend their reach across the country. Also, we believe that our batteries will positively impact the environment and help accelerate the adoption of electric vehicles in India. Furthermore, this will provide the platform for the growth of domestic players in the space and give the much-needed impetus to the “Make in India” and “Vocal for Local” movements. Also, it will parallelly aid us in penetrating every nook and corner of the country thus ensuring our reach everywhere.”
With rising eco-consciousness among general people coupled with rising prices of fossil fuels and ICE vehicles getting tough on the pockets to maintain, electric vehicles are becoming more appealing as an alternative. So eco-friendly batteries are designed to provide an efficient and clean source of electricity for electric vehicles. These batteries provide a variety of benefits that will revolutionize the Indian electric vehicle industry. Additionally, these batteries offer superior performance, with faster charging times and extended ranges.