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Private Sector | Multi State - India | PID: 202671
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EV battery management technology company, Fasmho Energy has announced a strategic partnership with Cyantron Synergies, focusing on advanced battery packs. The collaboration aims to develop and manufacture custom intelligent energy storage solutions, particularly for non-stationary high voltage energy systems like e-buses and e-trucks.
With an estimated value exceeding USD 10 million, the two firms plan to co-develop battery management units (BMUs) to optimise battery performance and safety in the electric vehicle (EV) sector. The move is part of a larger initiative to address the rising demand for domestically sourced and indigenously developed solutions within the industry.
Through this collaboration with Cyantron Synergies, the company aims to deliver advanced and intelligent energy storage solutions for high voltage applications, while fulfilling the demand for clean and efficient electric vehicles. The partnership combines Fasmho Energy's expertise in battery intelligence with Cyantron Synergies' proficiency in designing and manufacturing advanced battery packs.
The collaboration underscores the joint effort to provide reliable and locally manufactured energy storage solutions for Indian EV manufacturers, which will help reduce dependence on imported components.
| Updated on: 27 - Mar - 2024
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