Neuron Energy ties-up with EV Giant E-Ashwa

Neuron Energy set to expand its footprint through tie-up with EV Giant E-Ashwa. The deal will annually close at Rs. 2 crores.

Neuron Energy Pvt Ltd, a successful start-up after establishing itself in the battery manufacturing segment declared its tie-up with the EV Giant E-Ashwa Automotive. The purchase order includes 600 battery packs per month and 10,000 battery packs annually. The deal will close at Rs 2 crores a month and Rs 30 crores yearly. 

Pratik Kamdar, Co-Founder, of Neuron Energy on this tie-up said that through this partnership Neuron Energy Pvt Ltd will expand its distribution network offering an environment friendly transportation in the country. Both the companies, Neuron Energy and E-Ashwa Automotive, will have the chance to provide their consumers with high-quality battery packs. He also added that this tie-up will provide the platform for the growth of domestic players and give the much-needed impetus to the “Vocal for Local” and “Make in India” movements. 

Also Read: e-Ashwa Automotive launches its first e-auto

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.