DG Innovate partners with EVage Motors to enter Indian EV market

UK-based R&D company DG Innovate has announced its India entry through a Joint Venture with EVage Motors. The companies will work to develop solutions for sustainable mobility and energy storage. According to the company, the joint venture will allow DGI to pursue a faster, lower-cost route to manufacturing in India. They also plan to develop the world’s most efficient electric motor with 98.5% efficiency. 
 
As part of the agreement, DGI will partner with EVage to manufacture its proprietary Pareta electric drive system in Punjab. Together, the companies will target the Asian EV market and will offering electric trucks. The joint venture will be 60% owned by DGI and 40% by EVage.

DG Innovate plc (LON:DGI) is an advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, using abundant materials and the best engineering and scientific practices. Deregallera is a subsidiary of DG Innovate.

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