Redler Israeli Technologies has signed a long-term strategic partnership with the Indian company Virtual Forest to assimilate Redler’s patents in the field of micro EV propulsion control in India and Asia | The initial investment is $ 5.5 million In 2021 this market in India rolled out an amount of $ 3.8 million and is expected to grow by 3000 percent to a value of $ 267 million by 2025
Aaron Payne 17.11.2021
Radler Technologies, which specializes in global solutions and patents in the fields of electric power and propulsion, has signed a strategic partnership with Indian VF, developing technologies for tiny electric vehicles, micro-EVs, two- and three-wheelers, for the Indian market and East Asia with an initial total investment of $ 5.5 million. In this way, for the first time, Israeli technology will be a critical pillar in the construction of small vehicles in India and Asia, the company will provide revolutionary propulsion control solutions to the EV sourcing industry – which is gaining momentum, as part of a green electric revolution.
The collaboration will include a combination of innovative technological solutions and the flagship products of the Israeli company Redler Technologies, starting from the development stage and in the production, integration and support stages together with VF, while adapting them to exact needs for new developments and two- and three-wheeled EV vehicles.
The propulsion controller market is enjoying steady growth in line with the EV market which is experiencing tremendous growth in India and East Asia. In 2021 this market wheeled a sum of $ 3.8 million and is expected to grow by 3000 percent to a value of $ 267 million by 2025.
This expectation rests, among other things, on a national plan announced by the Government of India and Indian Transport Minister Gadkari with the aim of making the EV two- and three-wheeled range 80 percent by 2030. This market is a major part of all electric vehicles that hit the road every year, and is valued at billions of dollars Sales per year.
With an increase to 17.4 million new two- and three-wheeled vehicles on the road in 2020, compared to 2.7 million vehicles alone [יחס של פי 6.5 למכוניות] When only 1.6 percent of all new vehicles that hit the road each year have green energy, this has tremendous growth potential.
Redler Technologies CEO Guy Nathanson said upon publication: “We are excited to take part in the revolution in the very re-emergence of the EV two-wheel and three-wheeled market. The choice of VF is ideal due to the fact that the technological synergy between us will make it possible to create a more positive future. Thanks to Redler’s smart controllers and compliant standards, quality and cost for the Indian and East Asian markets and together with the new partner, VF, we aim to promote the issue of green energy and 0 emissions policy on the economic and political agenda of the region and the world.
Omar Bashis, CEO and partner at VF, added: “We see importance in the collaboration with Redler Technologies. Together it will be possible to bring to India a significant line and localization of technologies that will make it possible to take the EV industry – in India and its neighbors to a better future ”.