‘Boost to e-mobility’: Indian Oil partners with Israel’s Phinergy to manufacture metal-air batteries
The Indian Oil Corporation (IOC) on Wednesday entered into a collaboration with the Israeli start-up company Phinergy to form IOC Phinergy Private Limited.
The collaboration will manufacture Aluminum-Air systems in India to boost the “Make in India” programme and recycle used Aluminum to strengthen India’s energy security.
According to an official statement, leading automotive manufacturers Maruti Suzuki and Ashok Leyland have signed a Letter of Intent (LOI) with the IOC Phinergy Private Limited. This is expected to prove to be a significant boost to India’s pursuit of e-mobility.
