Under the partnership, Eastman will incorporate Urja Mobility's IoT and software solutions into its lithium battery products
11 Feb 2025 | 3099 Views | By Angitha Suresh
Eastman Auto and Power Ltd (EAPL) has entered into a strategic partnership with Urja Mobility to supply over 20,000 lithium-ion batteries for electric three-wheelers in India. The companies signed a Memorandum of Understanding on February 11, 2025, focusing on battery leasing solutions and technology integration across the country.
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Eastman Auto and Power Ltd (EAPL) has entered into a strategic partnership with Urja Mobility to supply over 20,000 lithium-ion batteries for electric three-wheelers in India. The companies signed a Memorandum of Understanding on February 11, 2025, focusing on battery leasing solutions and technology integration across the country.
Under the agreement, Eastman will incorporate Urja Mobility's IoT and software solutions into its lithium battery products, enabling remote monitoring and data analytics capabilities. The collaboration aims to expand the adoption of electric mobility solutions in India's transportation sector.
EAPL, through its subsidiary Eastman New Energy Private Limited, will leverage its position as a market leader in E-rickshaw batteries to strengthen its presence in the electric three-wheeler segment. The partnership includes the development and deployment of lithium-ion battery technology specifically designed for the EV sector.
Shekhar Singal, Managing Director of Eastman Auto and Power Ltd, emphasized the partnership's alignment with India's goals for reducing carbon emissions. Pankaj Chopra, Co-Founder and Director of Urja Mobility, highlighted the focus on providing cost-effective and reliable battery solutions for drivers.
The electric three-wheeler market in India has been growing steadily as the country pushes for increased adoption of electric vehicles. The government has implemented various initiatives to promote electric mobility, including the FAME II scheme (Faster Adoption and Manufacturing of Electric Vehicles), which provides incentives for electric vehicle purchases and charging infrastructure development.
India's electric vehicle market has seen significant growth in recent years, with three-wheelers representing a substantial portion of EV sales. The battery leasing model has emerged as a solution to address the high upfront costs of electric vehicles, making them more accessible to commercial operators and drivers.
The partnership between Eastman and Urja Mobility represents another step in India's broader push toward sustainable transportation, as the country aims to reduce its dependence on fossil fuels and decrease urban air pollution. The government has set a target of 30% electric vehicle penetration by 2030.