Truck and bus maker Ashok Leyland has signed a Letter of Intent (LoI) with Phinergy of Israel for its electric commercial vehicle solutions.

Ashok Leyland and Phinergy will work towards the adaptation of competitive and sustainable solutions for high-energy applications in the commercial vehicles space, according to a statement.

Phinergy of Israel has developed latest technology solutions for the use of aluminium air batteries for electric vehicles and other applications.

With Ashok Leyland, Phinergy will tailor its technology to meet the requirements of commercial vehicles in the Indian market.

“We see good potential for Phinergy’s technology in India. This will add further to our various portfolios for Commercial Vehicle EVs, where we are committed to offering our customers competitive solutions with various options that use cutting-edge technology,” said Karthick Athmanathan, Head, EV and eMobility Solutions, Ashok Leyland. Over the next few months, Ashok Leyland will develop the first few prototypes and trial pilots on different platforms in order to better tune Phinergy’s offering for various CV applications.

“Our approach to electric commercial vehicles will continue to be such that we move people and goods rather than batteries, with optimal use of battery capacities,” said SA Sundaresan, Head of eMobility Tech, Ashok Leyland.

Aviv Tzidon, CEO, Phinergy, said its high technology solution would help the Indian customer keep costs low.

“We look forward to rapidly developing our offering and scaling up operations for CV applications in India with Ashok Leyland, with whom we have worked closely over the last year,” he added.

“Given the grid and power position in most markets, this will be the first time electric commercial vehicles will have a grid-independent solution that is cost-effective as well as emission-free,” stated David Mayer, VP of Business Development for Phinergy.

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