Toshiba India And EVage Join Hands To Enhance Electric CVs

Renowned and acclaimed technology giant, Toshiba India Private Limited announces the signing of a new partnership agreement with EVage Automotive Private Limited under which its SCiB rechargeable lithium-ion cells will be provided to power the 10,000 EVage electric commercial vehicles. This partnership will result in the development and incorporation of lithium-ion cells into EVage’s proprietary ultra-stable and rapid-charging battery packs

Under the new partnership, EVage expects Toshiba India to provide enough cells in 2023 to meet the growing demand for EVage’s commercial vehicles. EVage currently aims to ramp up production and fulfil the thousands of existing reservations for its delivery vans in India. Nonetheless, the partnership with Toshiba India ensures that EVage will meet its cost and margin targets.

As per recent reports, it is believed that this is the first time the lithium titanium oxide (LTO) cells are integrated into commercial delivery vans of EVage, which will help EVage Automotive Private Limited to further enhance battery safety, reliability and performance, a major benefit for its delivery fleet customers.

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Speaking on this occasion, Mr.Shuichi Ito, Managing Director, Toshiba India said, “Our pledge of ‘Committed to People, Committed to the Future.’ represents sustainable development and growth at the core of our business operations. We would like to contribute to realising Carbon Neutral society in India and highly appreciate EVage’s ability to materialize the performance of Toshiba’s product with its unique features of safety, long life and rapid charge.

I am extremely delighted to sign this agreement with EVage that will help EVage to introduce the next-generation electric commercial vehicles and address the issue of air pollution from tailpipe emissions. Toshiba India will provide advanced solutions by utilizing the unique characteristics of SCiB™ rechargeable lithium-ion cells to help create a Carbon Neutral India.”

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Mr. Inderveer Singh, Founder & CEO, EVage said, “EVage is a key supplier for zero-emissions electric vans to global companies like Amazon and India's largest and fastest-growing logistics company, Delhivery, among others. Our electric commercial vehicles are a game changer for their logistics fleets.

Since 2014 we've been developing a flexible automotive platform that can deliver zero emissions and high uptime to take our customers to new levels of operating efficiency. Our goal has always been for electrification to be a zero-hassle transition - including making recharging as fast as fuelling today. It’s taken years of development to get the EVage battery pack to the point it is today, during which time we’ve tested many cell technologies.”

He added, “It’s exciting to announce with Toshiba India today that EVage is bringing LTO chemistry cells to commercial trucks for the first time with the Toshiba SCiB line. Their performance enables our customers to achieve the best economics in their fleets, and Toshiba’s scale allows EVage to hit our key cost and margin targets.”

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