- Sep 29, 2010
The JV company will undertake the design, development & assembly of lithium‐ion battery packs along with BMS.
Sharda Motor and Kinetic Green form JV company for Lithium‐ion Battery packs manufacturing
Sharda Motor Industries Limited (SMIL) and Kinetic Green Energy & Power Solutions Limited, a Kinetic Group company, have entered a joint venture (JV) agreement, to develop Battery Packs with Battery Management Systems (BMS) for electric Vehicles & stationery applications.
The JV company will undertake the design, development & assembly of lithium‐ion battery packs along with BMS. The focus of the company will be to develop battery packs for the rapidly growing electric vehicle market in India & other segments of energy storage applications.
According to the regulatory filing, the company has inked a technical collaboration with the Indian Institute of Technology, Madras, India’s premier academic and research institution in India for the same. Under the technical collaboration agreement, the Centre for Battery Engineering and Electric Vehicle (CBEEV), the research and development centre of IIT Madras, will provide technology for Li‐ion battery energy storage for electric 2 wheelers, 3 wheelers and other small electric vehicles to the JV.
The technology developed at IIT Madras includes advanced thermal design to overcome adverse temperatures in India, mechanical designs to overcome vibrations due to varying road conditions, as well a Battery Management System designed by CBEEV IITM keeping in mind Indian road conditions.