- Faradion’s Sodium-ion technology provides similar performance to conventional chemistries
- IPLTech is a Gurgaon-based heavy goods vehicle fleet service provider
Faradion Ltd has announced a partnership with Infraprime Logistics Technologies (IPLTech) for its high energy sodium-ion batteries for use in commercial vehicles in the Indian market. IPLTech is a Gurgaon-based heavy goods vehicle fleet service provider. It claimed that it halved the cost of infrastructure development by an electric fleet complemented by a data layer that organises thousands of small fleet operators.
Indian government has a target of 30 per cent electric vehicle adoption by 2030. It has allocated $1.4 trillion for infrastructure to be invested by 2025. Each day, 40km of highways are constructed in India and the market for roads and highways is projected to grow at an annual rate of 36 per cent from now to 2025.
Siddhartha Das, executive chairman, IPLTech said, “We are driven to minimise the heavy pollution caused by heavy goods vehicles in India. This partnership with Faradion represents a commitment to work with this world-leading sodium-ion technology together to realise this joint vision.”
“Our full electric mega trucks are the first of their kind to be integrated and deployed in India. We believe that the Faradion technology can provide the Indian market an effective solution at competitive prices”, Das said
Faradion’s sodium-ion technology provides similar performance to conventional chemistries. As per the company, it replaces expensive materials like cobalt and lithium with more abundant sodium. The company said that it’s sodium-ion batteries have exceptional thermal stability and safety and they can be safely transported and maintained at zero volts.
James Quinn, CEO of Faradion says India was the next logical region for Faradion, given the market conditions. He added, “Faradion is accelerating large scale industrialisation of its safe, low cost, sodium-ion energy storage technology. The partnership with IPLTech reflects an important milestone in our commitment to the market and the Prime Minister’s Make In India vision, as we also shortly commence manufacturing in India.”