Gurgaon-based Napino Auto & Electronics Ltd has partnered with the US-based Farasis Energy Inc to manufacture lithium ion battery packs for 2W and 3W in India.
Naveen Kumar, CEO, Napino Auto & Electronics Ltd. said, "Our partnership with Farasis Energy comes in at the right time with the governments push to promote faster adoption of EVs. The manufacturing of battery packs is an integral part of our e-mobility strategy."
"The alliance will help them to be a leading provider of safe, reliable and high energy battery packs for the Indian market. We are very optimistic about the success of our collaboration with Farasis Energy which will support us to localize cutting edge Lithium ion battery pack technology for our customers," he added.
As part of the agreement, Napino and Farasis will jointly develop the business in India. Napino will be bringing its automotive experience in mass production and a strong supply chain to provide an optimal solution for the Indian market.
Thanh Nguyen, Vice President of Sales and Marketing, Farasis Energy, stated, "We are very excited about the partnership with Napino for providing battery packs for electric vehicles. Given the huge potential offered by the Indian market, we foresee that India will become one of the largest e-mobility markets in the world. This strategic collaboration will enable us to access this fast-growing market."
