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DG Innovate partners with EVage Motors to accelerate Pareta commercialisation

DG Innovate announced a joint venture (JV) with EVage Motors. This strategic partnership aims to accelerate the commercialisation of DG Innovate’s Pareta electric drive system while bolstering EVage’s position as a vertically integrated commercial EV company.

The JV, with a 60% ownership by DGI and 40% by EVage, signifies a significant step towards tapping into the strategic Asian market and offering more efficient electric trucks to fleet owners. By manufacturing the Pareta electric drive system in Punjab, India, both companies aim to enhance the Asian EV market’s accessibility to cutting-edge technology, resulting in longer-lasting vehicles and reduced ownership costs.

Pierre Pellerey, a consultant to DGI and a veteran in motor design, joins the venture, leveraging his experience in developing motors for iconic electric vehicles such as the Tesla Model 3 and Dyson’s V10 motor.

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