Simple Energy is partnering with US-based C4V to set up a lithium-ion cell manufacturing ecosystem in India.
Simple Energy, a leading electric vehicle (EV) and clean energy startup in India, has inked a memorandum of understanding (MoU) with US-based C4V, a lithium-ion battery technology company, for setting up a lithium-ion cell manufacturing ecosystem in India.
Li-ion battery cells are the central unit of any EV. In addition to leading the Make-in-India initiative, this strategic partnership utilizes cells with industry leading safety, higher energy density than LFP, faster charging, and longer life cycle based on C4V’s patented technology.
This MoU is also a strong validation of C4V’s continued efforts to stabilize a comprehensive domestic supply chain in India, bringing along the most advanced Li-ion battery technology which powers Simple Energy’s upcoming two-wheeler and four-wheeler form factors by leveraging C4V’s technology, which does not suffer from the fire or explosion risk plaguing competitors, resulting in industry leading safety as developed in their state-of-the-art facilities, internationally.
“Simple Energy is leading the Indian EV industry by vertically integrating the entire value chain, thus bringing better synergy and higher localization. By partnering with C4V, we will consolidate cell supply, which is a vital component for us. This strategy also makes us more self-reliant and reduces our dependency on imports,” said Shreshth Mishra, Co-Founder, Simple Energy.
Simple Energy will be at the forefront of the ongoing global transition to clean transport. Its flagship product, Simple One, will be produced at phase 1 of the company’s manufacturing unit located at Hosur, Tamil Nadu. The state-of-the-art manufacturing plant has an annual production capacity of up to 1 million units. The factory is currently getting ready for mass manufacturing and will be operational in the coming weeks. The company has also commissioned a second plant in Dharmapuri, Tamil Nadu, which will spread across 600 acres and have a capacity of 12.5 million units annually — making Simple Energy the largest electric two-wheeler manufacturer in the world.