Gurugram-based Napino Auto & Electronics Ltd has signed an agreement with the US-based Farasis Energy Inc. to manufacture lithium-ion battery packs for two-wheelers and three-wheelers in India. Under the terms of the agreement, Napino will bring its automotive experience in mass production and strong supply chain to provide an optimal solution for the Indian market.
Napino said Farasis provides high energy density lithium-ion battery cells and packs to automotive OEMs globally and has end-to-end capabilities and expertise from cells to applications.
Naveen Kumar, CEO, Napino Auto & Electronics Ltd., said the partnership with Farasis Energy comes in at the right time with the government's push to promote faster adoption of EVs. The manufacturing of battery packs is an integral part of its e-mobility strategy.
Napino is an early mover in the electric mobility segment and is already supplying various electronic-based products to EV manufacturers in India.