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Ather Energy Signs Deal With Amara Raja For Electric Vehicle Battery Cells
Ather Energy, a leading electric two-wheeler manufacturer in India, has entered into a Memorandum of Understanding (MoU) with Amara Raja Advanced Cell Technologies (ARACT). This partnership aims to develop and supply Nickel Manganese Cobalt (NMC) and Lithium Iron Phosphate (LFP) Lithium-Ion (Li-ion) cells, along with other advanced chemistry cells.
Tarun Mehta, Co-founder & CEO at Ather Energy, stated, "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 optimize 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."
Focus on Domestic Production
Ather Energy has taken significant strides in localising its production processes. The company has designed and built its battery packs internally. Currently, Ather operates 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 to expand its market reach within India.
Amara Raja is dedicated to advancing e-mobility and energy storage solutions. The company aims to become one of India's largest manufacturers of Li-ion and other advanced chemistry cells. To achieve this goal, Amara Raja has committed an investment of Rs 9,500 crores to establish a 16GWh capacity gigafactory in Telangana.
Strategic Collaboration
Vikramaditya Gourineni, Executive Director at Amara Raja Energy & Mobility Ltd., commented on the partnership: "We immensely respect Ather's contribution to electrify mobility in India and their unique approach to overall eco-system 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."
In addition to its manufacturing ambitions, Amara Raja is set to enhance India's R&D capabilities by establishing an advanced research centre named 'ePositive Energy Labs’ in Hyderabad. This state-of-the-art facility will spearhead innovation in energy storage technologies.
The collaboration between Ather Energy and Amara Raja marks a pivotal step towards bolstering India's electric vehicle ecosystem. By focusing on domestic production and innovation, both companies aim to meet the growing energy demands while supporting sustainable mobility solutions.
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