Eastman Auto & Power Ltd. and Vande Bharat E-Vehicles Sign MoU Worth INR 50 Crore
The two companies signed a Memorandum of Understanding (MoU) to collaborate on the deployment of advanced lithium-ion battery technology for India’s fast-growing electric vehicle (EV) segment.
June 11, 2025. By News Bureau
The two companies signed a Memorandum of Understanding (MoU) to collaborate on the deployment of advanced lithium-ion battery technology for India’s fast-growing electric vehicle (EV) segment.
As part of this partnership, Eastman will supply lithium-ion batteries worth INR 50 crore annually to Vande Bharat E-Vehicles. These batteries will power the Vande Bharat’s E-Rickshaws, which is focused on making EV adoption more accessible and cost-effective for commercial drivers and fleet operators across the country.
The collaboration aims to catalyze India’s transition to sustainable transportation by leveraging Eastman’s technological leadership in lithium-ion energy solutions and Vande Bharat E-Vehicles’ deep expertise in the Electric Three Wheeler Space. Eastman, already a market leader in e-rickshaw batteries, will further strengthen its position in the electric three-wheeler market through this alliance.
Commenting on the partnership, Shekhar Singal, Managing Director, Eastman Auto and Power Ltd said “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.”
Commenting on the partnership, Sumit Anand, Director, Vande Bharat E Vehicles, said “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.”
This partnership represents a powerful step forward in advancing India’s electric mobility roadmap and clean energy ambitions. Both Eastman and Vande Bharat E Vehicles (Sahanianand E-Vehicles Pvt Ltd) are committed to creating scalable, inclusive, and eco-friendly transportation solutions that support livelihoods while reducing environmental impact.
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