Atul, Valeo and Honda Power Pack Energy India Partnership: Here’s What We Know So Far

In a move to enhance the adoption of electric three-wheelers and improve the uptime performance of businesses, Atul, Valeo and HEID have joined hands to offer electric vehicles with battery swap technology. Here are the details:

Key Highlights

• Atul, Valeo and Honda Power Pack Energy India (HEID) have joined hands to accelerate electric three-wheeler adoptions for passenger transportation. 
  
• Under the partnership, new electric three-wheelers integrating quick and easy battery-swapping technology will be made available to reduce downtime. 

In a significant move to improve the adoption of sustainable mobility solutions and enhance the user experience, Atul Greentech (Atul), Valeo India (Valeo) and Honda Power Pack Energy India (HEID) have joined hands to initiate the commercialisation of new electric three-wheelers integrating quick and easy battery exchange technology for electric vehicles. The move marks a significant milestone for the three companies and is a step towards reducing the downtime caused by recharging intervals. Leveraging HEID’s advanced battery technology, combined with Valeo's compact powertrain units and Atul’s prowess in manufacturing effective electric three-wheelers, the companies aim to enhance the adoption of electric vehicles for urban transportation. 

The Plan: Atul, Valeo India And HEID

The companies aim to leverage Atul’s expertise in manufacturing efficient electric three-wheelers to provide a reliable and sustainable solution for urban transport. This initiative is expected to accelerate the adoption of electric vehicles, contribute to emission reduction and promote cleaner and greener mobility solutions in India. 

Insights: Atul, Valeo India And HEID Comments

Vijay Kedia, director, Atul Auto, said “Interchangeable products will revolutionise the electric vehicle sector. They will increase customer revenues by eliminating the need to recharge batteries. An extensive network of exchange stations will reduce range anxiety. As the battery remains the property of the company, customers will benefit from lower vehicle costs and reduced warranty obligations.”

Jayakumar G, group president and managing director, Valeo India, said, “This three-way engagement between Valeo India Private Limited, Atul Greentech Private Limited and Honda Power Pack Energy India brings together the expertise required to accelerate the electrification of three-wheeler vehicles and reduce CO 2 emissions. Valeo's advanced electric powertrain technology adapted to the Indian market with our strong engineering and local manufacturing expertise will help strengthen our partnership in this growing market.”

Tomohide Haraguchi, vice president of HEID, said, “HEID utilises safety and reliable swappable batteries that are implemented with Honda's long-accumulated technology and know-how from the four-wheeled vehicle development. The combination of our batteries and Valeo's cutting-edge power train technology provides an automobile-grade electric solution in the e-three-wheeler market.”

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Conclusion: A Brief Note On The Brands

Atul Greentech Private Limited: Is a subsidiary of Atul Auto Limited, a brand known for its advanced mobility solutions and expertise in the production of three-wheeled passenger and cargo carriers. The company is popular for manufacturing electric three-wheelers that cater to both domestic and international markets. Atul’s 3-wheeled Mobili Swap vehicle is such an exemplar – its latest offering – designed for passenger transportation. With a certified range of 79 km per exchange, the vehicle is crafted to ensure high uptime. 

Valeo India Private Limited: Valeo is a pioneer and a world leader in the production of affordable 48V electric powertrain solutions. Recently, the company has launched a compact and fully integrated 48V electric vehicle powertrain system in India to enhance the electrification of small mobility vehicles, particularly two and three-wheelers. Valeo manufactures a complete range of electric propulsion systems with low and high-voltage architectures. These technologies are used in two and three-wheelers. 

Honda Power Pack Energy India: HEID is a commercial-grade electric vehicle charging technology solutions company that is popular for its battery swap technology. Their battery swap systems are crafted to reduce electric vehicle charging times, offering HEID battery swap stations. These stations allow customers to empty batteries and quickly swap for fully juiced-up battery packs. This eliminates the time-consuming charging intervals endured by vehicle owners, to ensure high uptime. 

All-in-all, the partnership between Atul Greentech (Atul), Valeo India (Valeo) and Honda Power Pack Energy India (HEID) is expected to enhance the last-mile passenger transport sector, offering advanced mobility solutions integrating battery swap technologies and efficient electric propulsion systems. 

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