Eastman Auto and Power Ltd (EAPL), a key player in India’s energy storage sector, has entered into a strategic partnership with MTOW Mobility Private Limited (Urja Mobility), a leading battery leasing provider for electric three-wheelers. The two companies have signed an MoU to develop and deploy advanced lithium-ion battery technology for India’s EV sector.
Under this agreement, Urja Mobility will source over 20,000 lithium-ion batteries from Eastman to support its nationwide battery leasing operations. Additionally, Eastman will integrate Urja Mobility’s IoT and software solutions into its battery systems, enabling real-time monitoring and data analytics to enhance efficiency and performance.
This partnership is expected to drive innovation in India’s EV sector while supporting the country’s push for sustainable mobility. By combining Eastman’s expertise in lithium-ion battery technology with Urja Mobility’s battery leasing solutions for electric three-wheelers, the collaboration aims to enhance efficiency and accessibility in the market. As a leading player in the e-rickshaw battery segment, Eastman’s strengthened presence in lithium-ion technology will further solidify its position in the growing electric three-wheeler industry, offering consumers more reliable and eco-friendly transportation solutions.
Commenting on the partnership, Mr. Shekhar Singal, Managing Director, Eastman Auto and Power Ltd, said, “This partnership marks a significant milestone for Eastman as we join forces with Urja Mobility to accelerate the growth of electric mobility in India. Our cutting-edge lithium-ion battery technology, combined with Urja Mobility’s innovative battery leasing solution for electric three-wheelers, will play a crucial role in making sustainable transportation a reality for millions of people across the country. We are proud to contribute to India’s vision of reducing carbon emissions and advancing renewable energy solutions.”
Commenting on the partnership, Mr. Pankaj Chopra, Co-Founder & Director, Urja Mobility, said, “We are thrilled to partner with Eastman in this transformative collaboration. As a company committed to advancing electric mobility, we believe that by providing a cost-effective, reliable, and sustainable battery solution, we aim to empower drivers and contribute to India's vision for a greener future. This MoU is a big step forward in our mission to revolutionize transportation in India.”
