Amara Raja Advanced Cell Technologies (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility (ARE&M), signed an MoU with Piaggio India, to develop and supply lithium-ion cells, battery packs, and chargers.
As part of this agreement, Amara Raja will collaborate with Piaggio India to develop and supply LFP (Lithium Iron Phosphate) Lithium-Ion (Li-ion) cells and chargers for its Electric Vehicles along with developing cells and battery packs for their upcoming offerings, to be produced locally at Amara Raja’s Gigafactory in Divitipally, Telangana.
Since 2020, Amara Raja & Piaggio India have been partners since 2020 and Amara Raja has manufactured and supplied 50,000 NMC Li-ion battery packs and EV chargers exclusively to Piaggio India which has had a cumulative run of over 120 crore kms till now, the press release noted.
Recently, Amara Raja entered into an agreement with Gotion-InoBat-Batteries (GIB) that will facilitate it to localise current global LFP technology for making Lithium-Ion cells specifically suited for Indian conditions. The company also has an agreement with Jiangsu Highstar Battery Manufacturing Co. for NMC technology.
Vikramaditya Gourineni, Executive Director, Amara Raja Energy & Mobility Ltd said, ". 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. Together with Piaggio, we are looking to build products and solutions that will indigenise and revolutionise the EV landscape of the country."
Diego Graffi, Chairman and Managing Director, Piaggio Vehicles Pvt. Ltd said, "“Amara Raja and Piaggio India have long -standing mutually beneficial partnership and I am happy to strengthen it further with the MoU we have signed today. Together with Amara Raja we are confident of advancing our successful EV journey as India adapts to electric mobility."