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Indian EV maker Atul Greentech has signed an agreement with Exide Energy Solutions Limited (EESL) for the supply of lithium-ion batteries. Atul Greentech Pvt Ltd (AGPL), a subsidiary of Atul Auto, said it would source lithium-ion battery packs from EESL’s manufacturing facility in Prantij, Gujarat, according to a report by Indian news agency PTI . AGPL will also source batteries from EESL’s facility in Bangalore, Karnataka, once production starts there, Atul Greentech said in a statement.
Atul Auto has a presence in domestic and international markets and a robust dealer network. AGPL specializes in the development and manufacturing of EVs for last-mile mobility solutions. EESL, a wholly-owned subsidiary of Kolkata-based lead-acid battery maker Exide Industries Limited, was established in 2022 to manufacture lithium-ion cells, modules and packs.
Exide has been a longstanding supplier of batteries for Atul Auto’s conventional vehicle range. Earlier this month, AGPL said it was partnering with Jio Platforms to offer electric vehicle solutions to its customers in domestic and global markets, including South America, the European Union and Eastern Africa. In March, Atul Auto announced a strategic investment of nearly ₹200 million in AGPL through a subscription of equity shares on a rights basis.
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