Amara Raja Advanced Cell Technologies (ARACT) has signed a Memorandum of Understanding (MoU) with Piaggio Vehicles Pvt Ltd. This collaboration aims to develop and supply Lithium Iron Phosphate (LFP) Lithium-Ion (Li-ion) cells and chargers for Piaggio’s Electric Vehicles (EVs), along with the creation of battery packs for their upcoming offerings, all of which will be produced locally at Amara Raja’s Gigafactory in Divitipally, Telangana.
Since 2020, Amara Raja and Piaggio India have partnered to transform the transportation sector, with Amara Raja supplying 50,000 NMC Li-ion battery packs and EV chargers exclusively to Piaggio India, achieving a cumulative run of over 120 crore km to date.
In addition, Amara Raja has recently entered into an agreement with Gotion-InoBat-Batteries (GIB) to localise current global LFP technology, tailoring Lithium-Ion cells specifically for Indian conditions. The company also holds an agreement with Jiangsu Highstar Battery Manufacturing Co for NMC technology.
Amara Raja is committed to providing products and solutions for e-mobility and energy storage markets, aiming to become one of India’s largest manufacturers of Li-ion and advanced chemistry cells. The company has announced a significant investment of Rs 9,500 crore to establish a 16GWh capacity Gigafactory in Telangana and is set to enhance India’s R&D capabilities through the establishment of an advanced research and innovation centre, ‘ePositive Energy Labs,’ in Hyderabad.
Vikramaditya Gourineni, Executive Director, Amara Raja Energy & Mobility Ltd, stated, “We have had a long-standing partnership with Piaggio India and have immense respect for their contribution to electrify mobility in India. They have revolutionised the electric 3-wheeler space in the country, and we are hopeful that this new agreement will further enhance their product portfolio. At Amara Raja, we have significantly progressed in our efforts to build world-class facilities to manufacture cell and battery packs customised for Indian conditions. Our recent collaboration with Gotion-InoBat will accelerate our efforts towards the same. Together with Piaggio, we are looking to build products and solutions that will indigenise and revolutionise the EV landscape of the country.”
Diego Graffi, Chairman & Managing Director, Piaggio Vehicles Pvt Ltd, added, “Amara Raja and Piaggio India have a long-standing mutually beneficial partnership, and I am happy to strengthen it further with the MoU we have signed today. Piaggio has always been at the forefront of innovation that benefits and empowers our customers. Together with Amara Raja, we are confident of advancing our successful EV journey as India adapts to electric mobility.”