IOP, the company jointly owned by Phinergy and Indian energy major Indian Oil Corporation (IOC), will collaborate with two leading automakers in India – Ashok Leyland and Maruti Suzuki
IOP, the company jointly owned by Phinergy and Indian energy major Indian Oil Corporation (IOC), will collaborate with two leading automakers in India – Ashok Leyland and Maruti Suzuki to test Phinergy’s aluminium-air battery in electric vehicles.
The collaborations include integration of Phinergy’s technology into prototype vehicles and field trials – for buses and passenger cars
David Mayer, CEO of Phinergy: “Collaborations with leading vehicle manufacturers cement Phinergy’s position and vision in the field of electric vehicles in general and in the Indian market in particular. During the ceremony, the Indian Minister who was present, along with the management of the Indian vehicle manufacturers, expressed the Government of India’s commitment to the success of the venture, India’s commitment to progress, and the desire to provide a better, cleaner and healthier future to both countries.
“The signed LOI agreements, both with Ashok Leyland, one of the largest bus manufacturers in the world, and with Maruti Suzuki, which is the largest passenger car manufacturer in the Indian market, together with the existing project with Mahindra Electric for electric rickshaws, show that the technology is suited to a very wide range of vehicles.
“We hope that the first demo vehicles will drive on Indian roads in the near future, and will subsequently drive millions of passengers in India in an environmental, pollution-free way, with longer driving range compared with lithium batteries of similar size and weight, fast recharging without electric grid dependency, at a competitive price.”
Which develops metal-air technology that allows electricity to be generated from metals (aluminium and zinc) using oxygen from ambient air, today reports that the joint company under the ownership of Israeli company Phinergy and Indian energy major Indian Oil Corporation (IOC) have signed two Letters of Intent with Ashok Leyland and Maruti Suzuki India Limited, two leading Indian vehicle manufacturers.
Under the LOIs, the parties agreed to collaborate in order to assess commercial uses of the aluminium-air battery developed by Phinergy. The collaboration includes the development of prototypes, field trials and adaptation of the aluminium-air battery to the massive Indian market and in particular to the electric vehicles of the two vehicle manufacturers.
As part of the collaboration with Ashok Leyland, Phinergy’s technology will be integrated in electric buses, while under the collaboration with Maruti Suzuki, the technology will be integrated in electric passenger vehicles.
These collaborations follow the collaboration between Phinergy and Mahindra Electric, another leading vehicle manufacturer in India, whereby a prototype for an electric rickshaw using an aluminium-air battery was recently completed.
The two LOIs were signed as part of an event to inaugurate the incorporation of the joint company owned by Phinergy and Indian Oil Corporation, an event attended by Israeli Energy Minister, Dr. Yuval Steinitz, Indian Cabinet Minister for Petroleum & Natural Gas and Steel, Dharmendra Pradhan, Phinergy Chairman Aviv Tzidon, Phinergy CEO David Mayer, IOC Chairman Shri S M Vaidya, as well as Senior Executives from Mahindra Electric, Ashok Leyland, and Maruti Suzuki.