Eastman Partners with Vande Bharat for EV Battery Supply Deal

New Delhi- Eastman Auto & Power Ltd., has signed a Memorandum of Understanding (MoU) with Vande Bharat E-Vehicles to supply lithium-ion batteries valued at ₹50 crore annually. This strategic alliance aims to accelerate India’s transition to sustainable mobility by equipping electric three-wheelers with advanced battery technology.

Under the partnership, Eastman will provide lithium-ion battery solutions to power Vande Bharat’s fleet of electric rickshaws, catering primarily to commercial drivers and fleet operators across India. The collaboration focuses on making electric mobility more affordable and accessible for last-mile transportation, furthering India’s push toward cleaner, greener alternatives.

Established in 2006, Eastman Auto & Power Ltd is a leading provider of power solutions, specializing in last-mile e-mobility, solar energy systems, and energy storage. With a workforce of over 5,000 employees across eight manufacturing units in India, Eastman exports to more than 50 countries. It is also India’s largest manufacturer of solar tubular batteries, serving over 400 OEM partners through a network of 1,000 distributors and 3,300 service partners across 350 districts.

Vande Bharat E-Vehicles, operated by Sahanianand E-Vehicles Pvt Ltd, is focused on manufacturing electric three-wheelers tailored for Indian conditions, including E-rickshaws, E-carts, and E-loaders. The company strongly aligns with the Government of India’s “Atmanirbhar Bharat” and “Make in India” initiatives.

Mr. Shekhar Singal, Managing Director of Eastman Auto & Power Ltd, said, “This partnership marks a significant milestone for Eastman as we join hands with Vande Bharat E-Vehicles to drive the growth of electric mobility in India. Our cutting-edge lithium-ion battery technology, combined with their expanding fleet of E-Rickshaws, will help make sustainable transportation a reality for millions. We are proud to contribute to India’s vision of reducing carbon emissions and building a cleaner, energy-efficient future.”

Mr. Sumit Anand, Director of Vande Bharat E-Vehicles, said, “We are excited to collaborate with Eastman on this transformative journey. Our mission is to offer reliable, cost-effective, and sustainable mobility solutions, and this MoU is a crucial step forward. Together, we aim to empower commercial drivers, advance green logistics, and bring India closer to its net-zero ambitions.”

This collaboration marks a new chapter in India’s clean energy landscape, combining innovation and scale to reshape the future of last-mile transportation.