France-based global automotive supplier Valeo, electric three-wheeler manufacturer Atul Greentech and swappable battery service provider Honda Honda Powerpack Energy have signed a memorandum of understanding (MoU) for electrification of three-wheelers, the company announced on Tuesday.
This MoU facilities Valeo providing the electric powertrains and powertrain control unit for Atul's electric three-wheelers to work with Honda’s swappable battery solution.
Valeo will provide its 48V integrated compact electric powertrain system along with the Powertrain Control Unit for Atul's upcoming cargo and passenger three-wheeler that is to be launched in India soon. In addition, Valeo’s engineers will provide the technology integration support to help Atul go to market quickly with Honda’s swappable battery, the company said in a press release.
"This tri-party engagement between Atul Greentech Private Limted, Honda Powerpack Energy Private Limited and Valeo brings domain expertise together to accelerate three-wheeler electrification in both passenger and cargo segment," Jayakumar G, Group President and Managing Director, Valeo India, said.