The partnership is poised to address the escalating demand for high voltage energy storage solutions in India, particularly for non-stationary applications such as electric buses and trucks.
19 Mar 2024 | 6580 Views | By Autocar Professional Bureau
Fasmho Energy, a pioneer in intelligent EV battery management technology, has joined forces with Cyantron Synergies, a leading manufacturer of advanced battery packs to co-develop and manufacture high voltage battery systems, with an estimated value exceeding US$ 180 million over the next three years. Of this, Fasmho's intelligent battery management ...
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Fasmho Energy, a pioneer in intelligent EV battery management technology, has joined forces with Cyantron Synergies, a leading manufacturer of advanced battery packs to co-develop and manufacture high voltage battery systems, with an estimated value exceeding US$ 180 million over the next three years. Of this, Fasmho's intelligent battery management units (BMUs) are anticipated to account for over US$ 10 million, marking a significant leap forward in the domestic production of reliable, indigenous solutions for the Indian EV sector.
The partnership between Fasmho Energy and Cyantron Synergies is poised to address the escalating demand for high voltage energy storage solutions in India, particularly for non-stationary applications such as electric buses and trucks. By leveraging Fasmho's expertise in battery intelligence and Cyantron's proficiency in advanced cell design and battery pack manufacturing, the collaboration aims to emerge as a key supplier of globally benchmarked energy storage solutions to EV manufacturers across India.
Abdul Azeez Khan, CEO of Fasmho Energy, speaking on the announcement said "India is currently witnessing an EV revolution with towns and cities placing record orders for clean and energy efficient electric public buses and other large vehicles. Supported by our robust manufacturing ecosystem, OEMs are choosing to Make in India and we are excited to partner with Cyantron Synergies to develop and produce advanced and intelligent integrated energy storage solutions for high voltage use cases. Be it manufacturing of electric buses or trucks, our solution will be a shot in the arm for manufacturers in India by reducing import reliance of such critical components.”
Mohammed UbeduddinIn, Director of Cyantron Synergies, shared “In our journey supporting hundreds of clients in the EV domain, we noticed a critical gap in reliable electrical monitoring for Advanced Chemistry Energy Storage Solutions. Our solution integrates intelligent algorithms seamlessly into the EV Eco-System, ensuring real-time issue resolution. Cyantron, expanding from Cell Design to Cell Manufacturing and Battery Pack Assemblies, aims to be the ultimate solution provider. Through our strategic partnership with Fasmho Energy, we aim to deliver a robust and intelligent energy storage solution for EVs and advance our vision for a greener future."