Valeo,
Atul Greentech Private Limited, electric three-wheeler manufacturer, and Honda
Powerpack Energy Private Limited, the swappable battery service provider, have
signed a Memorandum of Understanding (MoU), through which Valeo will provide
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.
Valeo,
a pioneer and world leader in 48V affordable systems, launched in 2020 a fully
integrated compact 48V electric powertrain system in India to aid affordable
electrification for small mobility vehicles–two- and three-wheelers, that are
extensively used for first- and last-mile connectivity in the country.
Commenting
on the partnership, Jayakumar G, Group President and Managing Director, Valeo
India, said, “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 segments. Valeo's advanced CO2-reducing technologies, strong engineering
and local manufacturing expertise will help strengthen our partnership in the
fast-growing Indian market and other markets.
Valeo
has the full spectrum of electric powertrain systems, from low to high voltage.
Its technologies power from two- and three-wheel urban vehicles to premium
sedans and SUVs. In India, Valeo produces electric powertrain units at its
manufacturing facility in Pune, Maharashtra.