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December 18, 2024
The collaboration aims to provide advanced lithium-ion cells for Ather's electric scooters.
Date: August 2, 2024Telangana- Amara Raja Energy & Mobility Limited, a battery manufacturer, has entered into a strategic alliance with Ather Energy, an electric two-wheeler manufacturer. This partnership will enable Amara Raja to design and provide cutting-edge lithium-ion cells specifically for Ather's electric scooters.
This alliance represents a pivotal move for Amara Raja as it seeks to diversify its product lineup and decrease its reliance on traditional lead-acid batteries. Amara Raja's wholly-owned subsidiary, Amara Raja Advanced Cell Technologies Private Limited (ARACT), the company will partner with Ather to develop and supply NMC (Nickel Manganese Cobalt) and LFP (Lithium Iron Phosphate) lithium-ion cells. These cells will be produced at Amara Raja’s new Gigafactory in Divitipally, Telangana, where the company is investing Rs 9,500 crores to establish a 16GWh production capacity.
Ather Energy, the electric two-wheeler manufacture is rapidly expanding its production capabilities. The company operates two manufacturing plants in Hosur, Tamil Nadu, and is set to launch a new facility in Maharashtra. Based in Bengaluru, Ather Energy is known for its advanced electric scooters and is reportedly planning an initial public offering (IPO) next year, aiming to leverage the rising demand for electric vehicles across India.
Mr.Vikramaditya Gourineni, Executive Director of Amara Raja Energy & Mobility Ltd, said, "We immensely respect Ather's contribution to electrify mobility in India and their unique approach to overall eco—system development for sustainable personal mobility solutions. At Amara Raja, we have significantly progressed in our efforts to building world—class facilities to manufacture cell and battery packs customised for Indian conditions. Our recent collaboration with Gotion-InoBat will accelerate our efforts towards the same. We are proud to partner with Ather and together we will focus on building market relevant solutions in India's journey towards indigenisation of Electric Vehicle technologies."
Mr.Tarun Mehta, Co-founder & CEO of Ather Energy, said, “Our focus has always been on designing and building products from scratch in India, with most of our components, aside from cells,sourced domestically. Now, we're taking a significant step forward by promoting homegrown cell technology. This will help us optimize costs and enable us to source lithium ion cells tailored to Ather's specific requirements, further enhancing our ability to innovate and scale efficiently. Our aim is to help the domestic industry grow significantly to support India's energy demand now and in the coming future."