NEW DELHI: US-based Triton Electric Vehicle has signed a Memorandum of Understanding (MoU) with Bharat Electronics Limited NSE -3.18 % (BEL) for developing electric vehicles and energy storage systems.
As per the MoU, BEL will be the exclusive manufacturing partner to Triton in India for identified products, while Triton will provide the know-how and technical documentation required for manufacturing of these products. For requirements of Energy Storage System ( ESS) in India, BEL will address the requirements as a prime contractor and Triton will provide the support as technology partner as per Make in India requirements.
“We are excited to see the market response from India. Joining hands with BEL will definitely strengthen our commitment towards technology and clean energy driven EV and ESS market. The whole world respects India’s technical capabilities in various sectors, we wish to leverage this through building great products around ESS and EVs,” said Himanshu B Patel, Managing Director, Triton EV.
Patel added through the partnership with BEM Triton aims to produce an innovative product “which will transform the Indian EV and ESS segment.
Triton recently announced for launch electric sedan N4 for the Indian market. The model will be available in four variants - N4, N4-S, N4-R and the high-performance limited edition N4-GT of which only 100 units will be produced. N4 is powered by a 75 KWh / battery giving it a range of up to 325 miles / 523km & 100 kwh battery 430 Miles/ kw696 Km; with upgrades available for higher variants. The company said development of the car is on track and the vehicle is likely to be showcased in next one month.
Based in Cherry Hill, New Jersey, Triton EV is involved in the business of energy storage systems ranging from transportable small battery packs to a 10 MWh battery storage unit for applications like energy generation, load management, EV charging stations. Triton is also involved in manufacturing of electric vehicles using battery technologies developed by them.
BEL is engaged in the design development, manufacture and supply of different types of electronic systems, control units, battery packs, battery management systems, chargers amongst others for use by defence services and civilian sector;
Triton and BEL will co-operate for manufacturing of sub-systems and battery assembly for energy storage systems and electric vehicles for requirements of customers in USA, India and other countries.