Saturday, Oct 23 2021 | Time 03:24 Hrs(IST)
image
Business Economy


Virtual Forest partners with Redler Technologies to boost India’s EV industry

Pune, Sep 20 (UNI) Virtual Forest, one of India’s leading companies specialising in motor control and human interface technologies for consumer appliances, fluid movement and mobility, on Monday announced a long term partnership with Israel’s Redler Technologies which specialises in electrical power and motion management solutions for the automotive and defence industries.
The goal of this strategic collaboration is to boost the nascent EV industry in India & SouthEast Asia through the domestic development and manufacture of motor control drives.
Virtual Forest, with its expertise in electronics system design & manufacturing (EDSM), coupled with Redler Technologies’ patented platforms for EV motor control will help enable the burgeoning domestic electric vehicle manufacturing industry by providing local development, integration and support along with a large-scale manufacturing footprint.
Commenting on the MoU, Omer Basith, chief executive officer & co-founder of Virtual Forest, said, “.... This (EV) industry is currently in its infancy, the absence of domestic design and production capacity have led to a complete dependence on imports. Redler’s motor control platform, coupled with our integration support for final product development, will be pivotal in addressing these gaps and will help establish a robust domestic manufacturing ecosystem for motor controllers..."
Guy Natesan, CEO of Redler Technologies said, “Redler Technologies anticipates vast opportunities in the micro EV market in Indian & South-East Asian markets. Thanks to our partnership with Virtual Forest, we hope to provide a solid ground for more opportunities to come. Our state-of-the-art motion solutions and patented technology will take the micro EV market propulsion into a future of new possibilities...”
UNI SP SS 2100
More News

Take advantage of government loan schemes and set up your own ventures: Debshweta Banik

22 Oct 2021 | 11:22 PM

Hamirpur, Oct 22(UNI) Deputy Commissioner Debasweta Banik today appealed to the people, especially the youth, to take loans from the banks and set up their own ventures to stand on their own feet.

see more..

Volvo Car India launches Petrol Mild-Hybrids in Karnataka

22 Oct 2021 | 10:42 PM

Bengaluru, Oct 22 (UNI) In order to offer the best global technology to the savvy luxury consumers in Karnataka, Volvo Car India Friday launched two new petrol mild-hybrid models-the luxury sedan S90 and Volvo's best-selling midsize luxury SUV XC60 here.

see more..

Reliance Industries Q2 net profit jumps 43 pc to Rs 13,680 crore

22 Oct 2021 | 10:07 PM

New Delhi, Oct 22 (UNI) Mukesh Ambani-led Reliance Industries Ltd on Friday reported a consolidated net profit of ₹13,680 crore in the quarter ended 30 September, registering a 43% y-o-y jump over the ₹9,567 crore clocked in the corresponding Q2 FY21.

see more..

22 Oct 2021 | 9:56 PM

New Delhi, Oct 22 (UNI) Mukesh Ambani-led Reliance Industries Ltd on Friday reported a consolidated net profit of ₹13,680 crore in the quarter ended 30 September, registering a 43% y-o-y jump over the ₹9,567 crore clocked in the corresponding Q2 FY21.

see more..

22 Oct 2021 | 9:28 PM

Mumbai, Oct 22 (UNI) Federal Bank Friday registered an operating profit of Rs 864.79 crore and net profit of Rs 460.26 crore for the quarter ended 30 September 2021.

see more..
image