Simple Energy inks pact with US-based C4V for cell manufacturing in India
Electric vehicle maker Simple Energy has inked an initial pact with the US-based battery technology firm C4V (Charge CCCV) for cell manufacturing in India, the company said on Wednesday.
The Bengaluru-based energy startup had launched its first e-scooter Simple One mid-August last year. It has, however, not yet commenced the deliveries of its maiden offering.
Lithium-ion battery cells are the central unit of any electric vehicle (EV).
Simple Energy is leading the domestic EV industry by vertically integrating the entire value chain. As part of this, the company has signed a Memorandum of Understanding (MoU) with C4V for setting up a Lithium-ion cell manufacturing ecosystem in India, it said.
