11 Jun 2025
A Strategic Alliance to Boost Electric Three-Wheeler Adoption
Eastman Auto & Power Ltd signed a memorandum of understanding (MoU) with Vande Bharat E-Vehicles on May 10, 2025, in New Delhi. The agreement outlines the annual supply of lithium-ion batteries worth ₹50 crore to support the electric three-wheeler segment. This strategic collaboration between a leading energy storage provider and a growing EV manufacturer aims to drive India's sustainable transportation goals.
Key Highlights of the MoU
The agreement outlines several core elements that will shape the future of electric three-wheeler mobility in India.
- Annual Battery Supply Value: ₹50 crore worth of lithium-ion batteries.
- Partnership Scope: Powering Vande Bharat’s E-Rickshaw fleet across India.
- Primary Focus: Commercial drivers and fleet operators.
- Objective: Make EV adoption more accessible, reliable, and affordable.
Powering India's Last-Mile Mobility
This collaboration targets the fast-growing commercial EV sector, with a focus on strengthening last-mile transportation. Eastman’s advanced battery technology will enhance the performance, range, and reliability of Vande Bharat’s electric three-wheelers, including E-rickshaws, E-carts, and E-loaders tailored for Indian roads and businesses.
About Eastman Auto & Power Ltd
Founded in 2006, Eastman Auto & Power Ltd is a prominent name in the power solutions space. The company specializes in last-mile e-mobility, solar solutions, and energy storage systems. With over 5,000 employees, 8 manufacturing facilities, and a presence in 50+ countries, Eastman is also India’s largest solar tubular battery maker. Their distribution network spans 1,000 distributors and 3,300 service partners, covering 350 districts and serving over 400 OEM clients.
About Vande Bharat E-Vehicles
Operated under Sahanianand E-Vehicles Pvt Ltd, Vande Bharat E-Vehicles is a domestic electric vehicle manufacturer focused on electric three-wheelers. The brand supports India’s “Atmanirbhar Bharat” and “Make in India” initiatives by producing vehicles suited for Indian usage conditions and needs.
Leadership Statements
Shekhar Singal, Managing Director of Eastman Auto & Power Ltd, stated, “This partnership marks a significant milestone for Eastman as we join forces with Vande Bharat E-Vehicles to accelerate the growth of electric mobility in India. Our cutting-edge lithium-ion battery technology, combined with their large fleet of E-Rickshaws, will play a pivotal role in making sustainable transportation a reality for millions. We are proud to contribute to India’s vision of reducing carbon emissions and building a cleaner energy future.”
Sumit Anand, Director of Vande Bharat E-Vehicles, commented, “We are thrilled to partner with Eastman in this transformative collaboration. Our mission is to provide reliable, cost-effective, and sustainable mobility solutions. This MoU is a critical step forward as we work together to empower drivers, enable greener logistics, and bring India closer to its net-zero goals.”
Outlook for India’s Electric Mobility Ecosystem
This partnership underlines the growing momentum in India’s electric vehicle market, especially within the commercial and last-mile delivery sectors. With the combination of robust battery infrastructure and purpose-built electric vehicles, both companies aim to create a scalable model for clean mobility. As the EV ecosystem matures, collaborations like this will be crucial in accelerating the shift towards a greener, self-reliant India.
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