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Eastman Auto and Power Ltd (EAPL), a leading player in India's energy storage sector, through its subsidiary Eastman New Energy Private Limited, has announced a strategic partnership with MTOW Mobility Private Limited (Urja Mobility), a key player in battery leasing for electric three-wheelers. The two companies have signed a Memorandum of Understanding (MoU) to collaborate on the development and large-scale deployment of advanced lithium-ion battery technology for India鈥檚 growing electric vehicle (EV) market.

As part of this partnership, Urja Mobility has committed to procuring over 20,000 lithium-ion batteries from Eastman to power its battery leasing solutions across the country. Additionally, Eastman will integrate Urja Mobility鈥檚 IoT and software solutions into its lithium battery products, enabling advanced remote monitoring and data analytics. This technology-driven approach aims to enhance the efficiency and reliability of electric mobility solutions, making battery leasing more accessible and cost-effective for commercial EV users.

This collaboration is expected to accelerate the adoption of electric mobility in India, significantly contributing to the nation鈥檚 sustainability and carbon reduction goals. By combining Eastman鈥檚 expertise in lithium-ion battery manufacturing with Urja Mobility鈥檚 innovative battery leasing model for electric three-wheelers, the partnership seeks to transform India鈥檚 EV sector. The joint effort will help expand eco-friendly and efficient transportation options, particularly in urban areas where electric three-wheelers play a crucial role in last-mile connectivity.

Eastman, already a market leader in E-Rickshaw batteries, sees this partnership as a significant step in strengthening its presence in the electric three-wheeler battery segment. By leveraging its technological expertise and extensive distribution network, Eastman aims to further support the transition towards cleaner mobility solutions.

Speaking on this collaboration, Shekhar Singal, Managing Director of Eastman Auto and Power Ltd, emphasized the importance of this strategic alliance. 鈥淭his partnership represents a crucial milestone for Eastman as we join forces with Urja Mobility to drive the expansion of electric mobility in India. Our state-of-the-art lithium-ion battery technology, coupled with Urja Mobility鈥檚 pioneering battery leasing solutions, will help accelerate the shift towards sustainable transportation. We are proud to contribute to India鈥檚 vision of reducing carbon emissions and promoting renewable energy solutions.鈥�

Pankaj Chopra, Co-Founder & Director of Urja Mobility, echoed this enthusiasm, stating, 鈥淲e are excited to partner with Eastman in this groundbreaking initiative. By providing cost-effective, reliable, and sustainable battery solutions, we aim to empower EV drivers and support India鈥檚 transition to a greener future. This MoU marks a major step forward in revolutionizing the transportation sector.鈥�

The partnership between Eastman and Urja Mobility represents a significant leap in India's journey towards sustainable transportation, with both companies committed to building an energy-efficient and environmentally friendly future.