New York-headquartered C4V has signed a US$163+ million supply line contract for over 1.16 GWh of its lithium-ion batteries to power Indian manufacturer Omega Seiki’s lineup of electric vehicles.
Kuldeep Gupta, vice president of strategic partnerships at C4V, told pv magazine that the contract is signed for supply over the next five years. Under the contract, C4V will supply its cells further assembled into battery packs. Initially, part of the capacity will be delivered from the USA and later the supply will be served from C4V’s proposed India plant. The batteries delivered would be rated 10.8kWh.
C4V recently signed an INR 4015-crore MoU with the Karnataka government as it plans to manufacture its lithium-ion battery cells in India.
The company is looking forward to participating in the Production-linked Incentives Scheme (PLI) launched by the Government of India with a strong vision to set up the cell manufacturing gigafactory in India, Gupta told pv magazine.
C4V prides itself as a technology provider at the forefront of the lithium-ion battery innovation ecosystem deploying its technology via global, strategic manufacturing joint ventures. The company’s core technology eliminates the need for cobalt and nickel, enabling a high-performing, cost-effective, safe, and environment-friendly energy storage solution. C4V is currently part of iM3NY and iM3TSV, two Gigafactories being set up by Imperium 3 consortium in New York USA and Townsville Australia, respectively.
Part of the Omega Seiki contract is also expected to be fulfilled by iM3NY.
Omega Seiki Mobility is developing its own line of commercial EVs primarily deployed for last-mile delivery. Headquartered in New Delhi, it serves as a separate business auto vertical of the Anglian Omega Group. The company’s first vehicle – Rage+, was indigenously designed and developed at its manufacturing facility in Faridabad, Haryana. Launched in February 2020 at the Auto Expo 2020, Rage+ is claimed to be India’s first smart electric cargo three-wheeler. Recently, the company also unveiled a refrigerated vehicle, Rage+ Frost, to assist in the delivery of food and pharmaceuticals, particularly the COVID-19 vaccine.
Speaking about the agreement with C4V, Uday Narang, founder, Omega Seiki Mobility, said, “With this association, we will not only be able to deliver the latest battery technology but also help us in reducing the cost of the battery thus our vehicles. Besides, C4V’s upcoming facility in India will also help us increase our levels of indigenization even further. I am sure Omega Seiki Mobility is all set to revolutionize the India electric vehicle market with these new C4V batteries.”
Deb Mukherji, managing director, Omega Seiki Mobility, said, “With sustainability at the heart of our strategy and an increasingly important requirement for our customers and consumers, we are delighted to be working with our partners to deliver the best technology via our products to the market. The Cutting-edge lithium batteries of C4V will not only provide a solution to range anxiety but will also be value for money to our customers due to their long life and reliability. We hope to have a long and mutually beneficial business relationship with C4V.”
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