This agreement will focus on developing and supplying Nickel Manganese Cobalt (NMC) and Lithium Iron Phosphate (LFP) lithium-ion cells and other advanced chemistry cells, aiming to promote homegrown cell technology for optimised costs and tailored solutions for Ather's requirements.
Ather Energy, an electric two-wheeler manufacturer in India, is making strides in enhancing its production capabilities. Their newly signed MoU with Amara Raja Advanced Cell Technologies (ARACT), a subsidiary of Amara Raja Energy & Mobility (ARE&M), marks a significant step towards this goal. As part of the agreement, ARACT will work closely with Ather to develop and supply various types of lithium-ion cells.
Tarun Mehta, co-founder and CEO, Ather Energy, said, “Our focus has always been on designing and building products from scratch in India, with most of our components, aside from cells, sourced domestically. Now, we're taking a significant step forward by promoting homegrown cell technology. This will help us optimise costs and enable us to source lithium-ion cells tailored to Ather's specific requirements, further enhancing our ability to innovate and scale efficiently. Our aim is to help the domestic industry grow significantly to support India’s energy demand now and in the coming future.”
Vikramaditya Gourineni, Executive Director, Amara Raja Energy & Mobility Ltd, said, “We immensely respect Ather’s contribution to electrify mobility in India and their unique approach to overall ecosystem development for sustainable personal mobility solutions. 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. We are proud to partner with Ather and together we will focus on building market relevant solutions in India’s journey towards indigenisation of electric vehicle technologies.``
With in-house designed and built battery packs, Ather Energy is already a step ahead in the industry. They currently operate two manufacturing facilities in Hosur, Tamil Nadu: one for battery production and another for vehicle assembly. Recently, Ather announced plans to open a third facility in Maharashtra, broadening its market reach within the country.
Amara Raja, dedicated to the e-mobility and energy storage markets, is poised to become one of India's largest manufacturers of lithium-ion and advanced chemistry cells. The company has earmarked INR 9,500 crore to set up a 16GWh capacity gigafactory in Telangana. Furthermore, Amara Raja plans to bolster India's R&D prowess with the launch of a cutting-edge advanced research and innovation center named 'ePositive Energy Labs' in Hyderabad.
By leveraging their combined expertise, Ather Energy and Amara Raja aim to foster advancements in cell technology, ultimately supporting the country's growing energy demands.
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