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Log9 Materials joins Indeanta Ventures for rapid charging battery tech

The two partners have signed a memorandum of understanding for a long-term partnership, under which they will work together for the next 3 years to jointly deploy over 15,000 RapidEVs

Topics
battery technology | Electric Vehicles | Electric mobility

Press Trust of India  |  New Delhi 

The Log9 team at its lab in Mathikere, near IISc, Bengaluru
File Photo: The Log9 team at its lab in Mathikere, near IISc, Bengaluru

Advanced battery-technology start-up Log9 Materials on Monday said it has entered into a partnership with electric-mobility service provider Indeanta Ventures Pvt Ltd to provide its rapid-charging to the latter's electric two and three-wheelers.

The two partners have signed a memorandum of understanding for a long-term partnership, under which they will work together for the next 3 years to jointly deploy over 15,000 RapidEVs, including two-wheelers and three-wheelers, powered by Log9's 'InstaCharge' battery-technology across various parts of India, the company said in a statement.

Out of these RapidEVs, a large majority will include cargo EV fleets used for logistics and last-mile delivery operations, it said, adding these will be deployed in various cities, including Bengaluru, Hyderabad, New Delhi, Pune, Chennai, and Kolkata.

The objective of the collaboration with Indeanta is to mainly integrate their electric fleets at scale with Log9's batteries to minimise downtime of these vehicles while optimising delivery cycles besides offering power, performance and peace of mind to the end-users, Log9 Materials co-founder and COO Kartik Hajela said.

"Furthermore, the strategic partnership would also help to strengthen both companies' market positing and expansion for the short-term and enable them to scale across India and the world over the long term," he added.

Indeanta Ventures founder and CEO Aaron Dsouza said, "Through this partnership, Log9 will now be providing its climate-friendly and safe fast-charging batteries for our fleet of delivery 3-wheeler and 2-wheeler EVs".

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mon, May 02 2022. 14:00 IST
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