EKA Mobility partners with Mitsui and VDL Groep to create a leading global OEM in India
29 December 2023
EKA Mobility, a leading electric vehicle and technology company based in India, is delighted to announce the signing of a partnership with Mitsui & Co, Ltd ( Japan) and VDL Groep (Netherlands). This strategic cooperation marks an important milestone in the evolution of the Indian automotive industry, and propels India to become a global hub for sustainable transportation. The alliance is expected to establish the world's most advanced original equipment manufacturers (OEMs) in the region.
This is one of the largest and most notable partnerships in the field of new mobility in India, which brings together the strengths and expertise of three leading automobile groups in Asia and Europe , to Accelerate the development and adoption of innovative electric mobility solutions on a global scale. As part of this cooperation, EKA Mobility, known for its cutting-edge electric vehicles and comprehensive electric vehicle ecosystem, will receive significant and strategic investments from Mitsui, a global trading and investment company that has long contributed to industrial innovation, as well as technological support and capital partnership from VDL Groep, a leading Dutch technology and manufacturing company. The combined expertise and resources of the three entities will usher in a new era of sustainable transportation and manufacturing excellence.
Main features of cooperation:
- Strategic investment: Mitsui & Co. Ltd. will make significant financial investments in EKA Mobility, which will enable the company to intensify its production activities and expand its product portfolio. Mitsui will also support EKA with exports to selected emerging markets as well as the establishment of systems and processes.
- Technological leadership: As part of this partnership, VDL Bus & Coach, a subsidiary of VDL Groep and European pioneer in electric buses and coaches, will support EKA Mobility through technology transfer to produce electric buses in India for the Indian market.
- Promoting Manufacturing in India: The alliance is in line with the Government of India's 'Make in India' initiative, which aims to promote local manufacturing and job creation.
- Sustainability: The cooperation emphasizes the commitment to sustainability and environmentally friendly mobility solutions, contributing to the reduction of the carbon footprint.
Sudhir Mehta, Founder and Chairman of EKA Mobility, commented on this cooperation: “This partnership with Mitsui and VDL Groep represents an important step in making India a global hub for electric vehicle manufacturing. We are proud to join forces with such distinguished partners who share our vision of sustainable, profitable and efficient transportation. »
Nobuyoshi Umezawa, Managing Director of Mobility Business Unit at Mitsui & Co. India , said: “Through the cooperation between EKA, VDL and Mitsui, we aim to contribute to 'Make in India ' by leveraging the excellent engineering and local network of EKA, as well as the cutting-edge technological capabilities of VDL. Furthermore, we would like to use Mitsui's global network to promote the export of EKA's competitive products to overseas markets and contribute to the creation of environmentally friendly companies. »
Rolf-Jan Zweep, CEO of VDL Bus & Coach, added: “We are delighted to partner with EKA Mobility and Mitsui. Although the base of our development and high-quality manufacturing skills is in northwest Europe , we see many opportunities in India, which is clearly a promising growth market. With this cooperation, we especially expect synergies in the areas of procurement and development. »
EKA Mobility is one of the commercial vehicle manufacturers approved under the Pioneer OEM and Component Manufacturing for Electric Vehicles scheme of the Government of India's 'Auto PLI' policy. EKA is the only Indian company to offer end-to-end new energy vehicle design, manufacturing and technology, entirely in India. The company has set up a state-of-the-art research, development, engineering and innovation center in Pune , Maharashtra, and has significantly increased its order book, with over 500 electric buses and over 5,000 orders for electric light utility vehicles being prepared. All these vehicles will be completely designed and manufactured in India, at EKA's state-of-the-art manufacturing facilities in Madhya Pradesh and Maharashtra. Over the past two years, the company has developed electric city buses, school buses and staff buses, 9-meter hydrogen fuel cell electric buses, and is now ready to embark on the delivery of the last mile with its range of electric light commercial vehicles designed and customized to meet the needs of Indian customers and businesses.