DG Innovate & EVage Motors Forms Strategic Alliance to Drive EV Revolution in India

Key Highlights

• DG Innovate and EVage Motors partner for EV innovation in India.
• Integration of highly efficient Pareta electric drive system.
• Local production in Punjab, India to meet Asian demand.
• DGI holds a majority stake at 60%, EVage at 40%.
• Utilization of EVage's Mcube micro-factory for efficient production.
• The expertise of Pierre Pellerey to drive innovation.
• Focus on efficiency, innovation, and local empowerment for sustainable mobility.

DG Innovate, a renowned leader in sustainable mobility and energy storage solutions based in the United Kingdom (UK), has joined forces with EVage Motors, a dynamic player in the electric vehicle (EV) sector, to spearhead innovation in India's expanded EV market. This strategic partnership aims to accelerate the adoption of cutting-edge technologies and propel the country towards a sustainable transportation future.

Revolutionizing Electric Vehicle Performance

At the heart of this collaboration lies DG Innovate's Pareta electric drive system, featuring one of the world's most efficient electric motors with an impressive 98.5% efficiency rating. By integrating this advanced technology into EVage's vehicles, the joint venture (JV) attempts to set new benchmarks in the EV industry. Anticipated to deliver a 5%-7% increase in the average range on a single charge for EVage's electric trucks, this enhancement promises to significantly enhance the attractiveness of EVs to fleet operators, offering compelling economic benefits over conventional vehicles.

Local Manufacturing for Global Impact

Recognizing India's pivotal role in the global EV landscape, the JV plans to establish local production facilities in Punjab, India. Leveraging the region's robust manufacturing capabilities, the JV aims to efficiently meet the escalating demand for EVs across Asian markets. By embracing indigenous production, the partnership not only contributes to the growth of India's EV ecosystem but also aligns with the nation's ambitious sustainability goals.

Investment and Ownership Structure

DG Innovate assumes a commanding 60% majority stake in the JV, with EVage Motors holding the remaining 40%. Both entities have demonstrated their unwavering commitment by committing substantial investments, underscoring their confidence in the JV's potential to drive innovation and capture significant market share in India's EV arena.

Harnessing Cutting-edge Technology

The partnership will harness EVage's state-of-the-art Modular Miniature Manufacturing (Mcube) micro-factory, praised as India's premier native commercial EV platform. Boasting remarkable efficiency, this facility currently churns out over one electric truck daily and has already rolled out more than 300 units. These vehicles are actively deployed by leading players across various sectors in India, including e-commerce giants like Amazon.

Expert Guidance for Pioneering Innovation

The JV stands to benefit immensely from the expertise of Pierre Pellerey, a distinguished consultant recently enlisted by DG Innovate. With a formidable track record in motor design, Pellerey has left an indelible mark on the electric vehicle landscape, having made significant contributions to iconic models like Tesla's Model 3, Model Y, Model S Plaid, and Dyson's V10 motor. His wealth of experience, spanning across millions of electric vehicles globally, promises to drive unparalleled innovation within the JV.

A Paradigm Shift Towards Sustainable Transportation

The strategic alliance between DG Innovate and EVage Motors signals a standard shift in India's EV ecosystem, laying the groundwork for transformative advancements in electric mobility. With a steadfast focus on efficiency, innovation, and local empowerment, the JV is assured to play a pivotal role in accelerating India's transition towards cleaner, greener transportation solutions, thereby fostering a more sustainable future for generations to come.

Also Read: BAE Systems and Eaton Team Up for the Advancement of Heavy-Duty Electric Trucks

CMV360 Says

The strategic partnership between DG Innovate and EVage Motors marks a significant leap forward in India's electric vehicle revolution. With a focus on efficiency, innovation, and local manufacturing, the JV is assured to redefine standards in the EV sector while contributing to India's sustainable transportation goals. Together, they pave the way for a cleaner, greener future in the realm of mobility.