US-based technology provider C4V on Wednesday announced securing a contract from Omega Seiki Mobility to supply next-generation high-performance Lithium-Ion batteries from its cell manufacturing joint ventures.
As a part of the contract, C4V will coordinate to supply 1.16 Gigawatt hours of Lithium-Ion batteries from its manufacturing joint ventures. C4V’s battery solutions are based on the technology that eliminates the need for Cobalt and Nickel enabling a high-performing, cost-effective, safe and environment-friendly Energy Storage offering.
C4V is currently part of iM3NY and iM3TSV two Gigafactories being set up in New York USA and Townsville Australia respectively. Part of this contract is also expected to be fulfilled by iM3NY.
Further to their entrance into the Indian market, C4V is also aiming to participate in the Production-linked Incentives Scheme (PLI) launched by the Government of India with a strong vision to set up the cell manufacturing ecosystem in the country.
..To make EV a resilient sector, We at C4V are focussed on strengthening the Indian market with updated and innovative technology solutionsClifford Olin, Chief Business Development Officer, C4V
Clifford Olin, C4V Chief Business Development Officer, said, “Due to lowering battery prices and emerging industries such as electric vehicles and energy storage systems (ESS), lithium-ion batteries are getting a lot of traction in the industry. To make EV a resilient sector, We at C4V are focussed on strengthening the Indian market with updated and innovative technology solutions.”
Uday Narang, Founder, Omega Seiki Mobility said “With this association, we will not only be able to deliver the latest battery technology but also help us in reducing the cost of the battery thus our vehicles. Besides, C4V’s upcoming facility in India will also help us increase our levels of indigenization even further. I am sure Omega Seiki Mobility is all set to revolutionize the India electric vehicle market with these new C4V batteries.”