On Wednesday, Simple Energy has inked an initial pact with the US-based battery technology firm C4V (Charge CCCV) for cell manufacturing in India, the company said. The Bengaluru-based energy startup had launched its first e-scooter, Simple One mid-August last year. It has, however, not yet commenced the deliveries of its maiden offering.

• Property Share Investment Trust Ltd IPO GMP, Lot Size, Key Dates & Finances
• Centre Approves Rs 1,115 Crore for Disaster Mitigation and Capacity-Building Projects
• Zen Tech Shares Gain 2% on Acquiring Patent for T-90 CGS
• Premier Energies Shares Soar 4% on Arm Bagging Multiple Orders Worth Rs 1,087 Crore
• Hitachi Energy Shares Surge 9% on Bagging Khavda Nagpur Project; BHEL Shares Up 2% 

Lithium-ion battery cells are the central unit of any electric vehicle (EV). Simple Energy leads the domestic EV industry by vertically integrating the entire value chain. As part of this, the company has signed a Memorandum of Understanding (MoU) with C4V for setting up a Lithium-ion cell manufacturing ecosystem in India, it said.

In addition to the build-in India initiative, this strategic partnership utilises cells with industry-leading safety, higher energy density than LFP (Lithium Ferro Phosphate) batteries, faster charging, and longer life cycle based on C4V’s patented technology, Simple Energy said.