Triton Electric Vehicle Issues Rs. 8060 Cr LoI to BEL for Purchase of Battery Packs for Electric Trucks

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Gandhinagar, Gujarat, India:
 Triton Electric Vehicle India Pvt Ltd, an element of Triton Electric Vehicle LLC, USA, as we speak issued a Letter of Intent (LoI) to Navratna Defence PSU Bharat Electronics Limited (BEL) for procurement of 300 KW Li-Ion Battery Packs for Triton’s Semi-Truck mission in India at an estimated worth of Rs. 8060 Crores.

 

Mr Dinesh Kumar Batra, CMD, BEL, acquired the LoI from Mr Himanshu B Patel, CEO & Founder, Triton Electric Vehicle LLC as we speak at DefExpo 2022 in Gandhinagar, within the presence of Mr Manoj Kumar, Executive Director, BEL, and different senior officers of BEL and TEV.

 

The battery packs are to be delivered by BEL to Triton in 24 months commencing from January 2023. The Purchase Order for first-off amount with hundred % advance cost has been handed over to BEL by Triton. BEL will ship the first-off amount by November 2022.

 

While speaking about this LoI, Himanshu B Patel, CMD of Triton Electric Vehicle (TEV) acknowledged, “We are committed towards building best in class product range in advanced mobility segment specially. Triton EV Semi-Truck and Triton’s Hydrogen-Powered Vehicles will definitely going to be industry leading products in their respective categories. In order to build such robust product range, I am happy to get closely associated with BEL as their technical expertise shall ensure best-in-class quality standards which will be our prime focus.”

 

BEL and Triton Electric Vehicle (TEV) Signed MoU at DefExpo 2022

 

Ealier, on the second day of DefExpo 2022, India’s flagship Navratna Defence PSU- Bharat Electronics Ltd (BEL) has signed an MoU with Triton Electric Vehicle (TEV), for the manufacturing of Hydrogen Fuel cells by BEL with expertise switch from TEV, to meet the necessities of the Indian market and mutually agreed export markets.

The MoU goals at tapping the demand for clear power options for varied functions together with for E- Mobility, by leveraging the Government of India’s thrust for the adoption of clear power fuels for functions in transport, power storage, and so on.

“This indeed a great collaboration for delivering cutting edge and truly environment-friendly mobility. Hydrogen is the cleanest energy form for today’s mobility and this collaboration will ensure India’s global leadership in Advance Mobility,” Himanshu Patel, MD and Founder of Triton Electric Vehicle (TEV) stated.

 

At the DefExpo 2022 in Gandhinagar, TEV displayed a Defense hydrogen scooter together with a Special Purpose Off Road Dirt Bike. Also Displayed TEV’s flagship 5kw hydrogen system. Booth 18 Hall 2 additionally out of doors space. TEV can be creating Hydrogen Buses which will likely be one other first for the Industry. The firm is engaged on launching these hydrogen-powered buses very quickly to the Indian Market.

About BEL

 

Bharat Electronics Ltd (BEL), a Navratna DPSU beneath the Ministry of Defence, Government of India, established in 1954 at Bengaluru, to meet the wants of the Indian defence companies for electronics Equipment’s, Systems and Services. BEL has a powerful presence in Radar and Fire Control Systems, Weapon Systems, Communication and so on. BEL has been constantly striving to develop its options for the Non-Defence area reminiscent of Renewable power, Energy storage merchandise together with for E-Mobility, Smart Cities, Jammers, and Software and so on. Further BEL has diversified into Arms & Ammunitions, Seekers & Missiles, Unmanned Systems, Network & Cyber safety, Medical Electronics, Space Electronics, Railway/Metro, and Civil Aviation and so on to meet the client requirement and handle the rising alternatives.

 

About Triton Electric Vehicle (TEV)

 

Triton Electric Vehicle LLC, the younger and most enterprising Electric Vehicle firm headquartered in Cherry Hill, New Jersey-USA, not too long ago arrange its R&D centre and manufacturing facility in India with best-in-class infrastructure and experience. The firm has not too long ago forayed into Hydrogen run autos and has began the journey of manufacturing Hydrogen-run Two-Wheelers, Three-Wheelers and Buses.






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