EKA Mobility, a leading electric vehicle and technology company based in India , is pleased to announce a partnership with Mitsui & Co., Ltd. (Japan) and VDL Groep (Netherlands). This strategic cooperation marks a significant milestone in the evolution of the Indian automotive industry, propelling India towards the goal of becoming a global sustainable transportation hub. The alliance aims to establish the most cutting-edge original equipment manufacturers (OEMs) globally in the region.
This is one of the largest and most significant alliances in India’s new mobility segment , bringing together the strengths and expertise of three leading automotive conglomerates in Asia and Europe to accelerate the development and adoption of innovative electric mobility solutions to global level. Under the cooperation, EKA Mobility, known for its cutting-edge electric vehicles and comprehensive electric vehicle ecosystem, will receive significant and strategic investments from Mitsui, a global trade and investment company with a long track record of contributing to industrial innovation. , as well as technological and financial support from VDL Groep, a leading Dutch technology and manufacturing company. The combined expertise and resources of the three entities will usher in a new era of excellence in sustainable transportation and manufacturing.
Key highlights of the cooperation:
- Strategic Investment: Mitsui & Co., Ltd. will make significant financial investments in EKA Mobility, allowing the company to expand its manufacturing operations and broaden its product portfolio. Mitsui will also provide support to EKA for exports to certain emerging markets, as well as for establishing systems and processes.
- Technology leadership: As part of this alliance, VDL Bus & Coach, a subsidiary of VDL Groep and European pioneer in electric buses and coaches will support EKA Mobility by transferring technology to produce electric buses in India for the Indian market.
- Strengthening the “Make in India ” brand: The alliance is firmly aligned with the Indian government’s “Make in India ” initiative, which aims to promote local manufacturing and job creation.
- Sustainability: The cooperation emphasizes the commitment to sustainability and environmentally conscious mobility solutions, promoting the reduction of carbon footprints.
Expressing his views on the cooperation, Dr. Sudhir Mehta , Founder and Chairman of EKA Mobility, said, “This alliance with Mitsui and VDL Groep represents an important step towards making India a global hub for electric vehicle manufacturing. We “We are proud to join forces with such distinguished partners who share our vision of sustainable, profitable and efficient transportation.”
Nobuyoshi Umezawa , General Manager of Mobility Business Division at Mitsui & Co. India said: “Through the cooperation of EKA, VDL and Mitsui, we aim to contribute to “Make in India ” by leveraging EKA’s excellent engineering and local network, as well as VDL’s cutting-edge technological capabilities. In addition, we would like to use our global Mitsui network to promote the export of EKA’s competitive products to foreign markets and contribute to creating green societies.”
Rolf-Jan Zweep , CEO of VDL Bus & Coach, said: “We are pleased to partner with EKA Mobility and Mitsui. Although the base of our development and high-quality manufacturing competencies is located in northwest Europe, we see many opportunities in “India , which is obviously a promising growth market. With this cooperation, we especially anticipate many synergistic benefits in the areas of acquisitions and development.”
EKA Mobility is one of the commercial vehicle manufacturers approved under the Champion OEM Scheme & EV component manufacturing scheme of the Government of India’s automotive sector Production Linked Incentives (PLI) policy . EKA is the only Indian company offering end-to-end design, manufacturing and technology of new energy vehicles from scratch in India . The company has established a state-of-the-art research, development, engineering and innovation center in Pune , Maharashtra, and has significantly developed its order portfolio, with over 500 electric buses and over 5,000 electric light commercial vehicle orders in the pipeline. All these vehicles will be completely designed and manufactured in India , at EKA’s proposed state-of-the-art manufacturing facilities in Madhya Pradesh and Maharashtra. In the last two years, the company has launched electric city buses, personnel and school buses, a 9-meter hydrogen fuel cell electric bus, and is now ready to enter last-mile product distribution with its range of Electric Last Mile Vehicles (e-LCV) designed and customized to meet the needs of Indian customers and companies.
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