Neuron Energy, a bootstrapped start-up that has established itself in the battery manufacturing segment, supplying Lithium-Ion and Lead-Acid batteries to the EV sector in India announced their recent partnership with EVTRIC Motors Pvt Ltd., a leading name in the Electric two wheelers segment. With this tie-up, Neuron Energy will supply 12000 battery packs per year, generating an approximate revenue of INR 50 crores annually. This strategic and long-term partnership offers EVTRIC Motors Pvt. Ltd. continuous support for their battery pack requirements. EVTRIC will receive extensive holistic service support from Neuron Energy.
Commenting on the association, Pratik Kamdar, Co-Founder, Neuron Energy said, “Neuron Energy has always been customer driven and our aim is to aid in the country’s adoption of Electric Vehicles across two, three and four wheelers (LMV, HMV) segments. Our association with EVTRIC will help us expand the reach of our offerings and cater to a wider audience. Our batteries are safe and thoroughly tested and we ensure to provide post sales service support in case of any discrepancy to avoid any untoward incidents. We are hopeful that together we’ll be able to transition more consumers from regular two wheelers to EV thus substantially reducing carbon footprint and build a greener future.”
India has witnessed a substantial growth in the electric two-wheeler segment in August even after rising concerns pertaining to battery safety. This implies the ever-growing demand for EV and growing eco-consciousness among consumers. It is predicted that by 2030, the sale of electric two-wheeler segment will witness a humungous growth of 78% of the two wheeler sale. The necessary Government support, policies, infrastructure and consumer mindset of accepting EVs will accelerate the rate of adoption further.
