In Short : Sterling Tools Ltd, via its subsidiary SGEM, has partnered with UK’s Advanced Electric Machines to manufacture rare earth magnet-free EV motors in India. The motors will be produced at SGEM’s Faridabad facility, reducing dependence on imports. This initiative aligns with India’s ‘Make in India’ vision, promoting sustainable mobility and supporting the projected […]
Bounce Ties Up With Deep-Tech Start-Up Chara For Local Production of EV Motors
Under the partnership, Chara, which has developed motor technology that is rare-earth magnet-free, hyper-efficient, easier and cost effective to build, will design and manufacture customised motors based on its innovative motor and drive technologies for Bounce, the company said in a statement. Urban mobility solutions provider Bounce on Tuesday said it has joined hands with […]
