- Manufacturing of battery packs is an integral part of Napino’s e-mobility strategy
- Farasis provides high energy density lithium-ion battery cells and packs to automotive OEMs globally
- Under this agreement, Napino and Farasis shall jointly develop the business in India
Gurgaon-based Napino Auto & Electronics Ltd has signed an agreement with the US-based Farasis Energy Inc. to manufacture lithium-ion battery packs for 2W and 3W in India.
Naveen Kumar, CEO, Napino Auto & Electronics Ltd. said to Economic Times that the partnership with Farasis Energy comes in at the right time with the governments push to promote faster adoption of EVs. Kumar was of the opinion that the manufacturing of battery packs is an integral part of the company’s e-mobility strategy.
What’s going to be added to the kitty?
Kumar further added that the alliance will help them to be a leading provider of safe, reliable and high energy battery packs for the Indian market.
Farasis provides high energy density lithium-ion battery cells and packs to automotive OEMs globally and has an end to end capability and expertise from cells to applications.
Under this agreement, Napino and Farasis shall jointly develop the business in India. Napino will bring its automotive experience in mass production and a strong supply chain to provide an optimal solution for the Indian market.
Being an early mover in the electric mobility segment, Napino is already supplying various electronic-based products to EV manufacturers in India.