Amara Raja Advanced Cell Technologies (ARACT), a subsidiary of Amara Raja Energy & Mobility (ARE&M), has entered into a Memorandum of Understanding (MoU) with Piaggio Vehicles Private Limited, the Indian arm of the Italian Piaggio Group.
Under the terms of the MoU, Amara Raja will work with Piaggio India to develop and supply Lithium Iron Phosphate (LFP) Lithium-Ion (Li-ion) cells and chargers for Piaggio’s electric vehicles (EVs). The partnership will also focus on creating locally produced cells and battery packs at Amara Raja’s Gigafactory in Divitipally, Telangana.
Since 2020, Amara Raja and Piaggio India have collaborated to advance the transportation sector. Amara Raja has produced and delivered 50,000 NMC Li-ion battery packs and EV chargers exclusively for Piaggio, which have collectively accumulated over 120 crore kilometers of usage.
Amara Raja recently formed agreements with Gotion-InoBat-Batteries (GIB) and Jiangsu Highstar Battery Manufacturing Co. to localize LFP technology and NMC technology, respectively. These collaborations aim to tailor Li-ion cells to Indian conditions.
The company is investing Rs 9,500 crores to build a 16 GWh capacity gigafactory in Telangana and is also establishing the ‘ePositive Energy Labs’ in Hyderabad, a cutting-edge research and innovation center. Piaggio India, a leader in the electric three-wheeler market, has introduced a battery subscription model to make EVs more affordable.
Vikramaditya Gourineni, Executive Director of ARE&M, stated, “Our long-standing partnership with Piaggio India has been instrumental in driving electric mobility forward in India. This new agreement is set to enhance their product range and align with our goals of building advanced manufacturing facilities and accelerating technological advancements in the EV sector.”
Diego Graffi, Chairman & Managing Director of Piaggio Vehicles Pvt. Ltd., added, “The MoU with Amara Raja strengthens our successful partnership and supports our commitment to innovation and customer satisfaction. Together, we are poised to further our achievements in the electric mobility sector as India transitions to greener transportation.”
Amara Raja Energy & Mobility Limited (ARE&M) offers a broad range of solutions, including energy storage systems, Li-ion cell manufacturing, EV chargers, battery pack assembly, and lubricants. As a major producer of energy storage products, ARE&M serves a wide array of sectors including telecommunications, railways, and the power industry. Its automotive batteries, under brands like Amaron® and Powerzone, are distributed across India and exported to over 50 countries.
Established in 1884, the Piaggio Group is a leading manufacturer of scooters and motorcycles in Europe and globally. Piaggio Vehicles Pvt. Ltd. is renowned for its commercial and two-wheeler vehicles and is committed to innovation and excellence in the industry. The company operates a major manufacturing facility in Baramati, Maharashtra, and serves both domestic and international markets.
