New Delhi
Bounce, a
home-grown smart urban mobility solution, announced that it signed a deal with
Chara, a Bengaluru-based deep-tech start-up, which develops motor technology
that is rare-earth free, hyper-efficient, easier and cost-effective to build.
As per the
partnership, Chara will design and manufacture customised motors for Bounce
based on its innovative motor and drive technologies. The partnership will make
EV manufacturing sustainable and empower the local innovation ecosystem.
The partnership
will help Bounce develop its own fleet of EVs with
localised core components. Through this move, the company will be able to save
a sizable amount on imports of motors and their associated controllers. The
motor deployment will start early next year and will be the first of its kind
in the world.
The motors by
Chara are made with 100% locally sourced, sustainable raw materials, which can
reduce the motor cost by up to 40%. They come with simple construction and
fault-tolerant electrical design that provides a robust motor with
high-temperature tolerance.
Vivekananda H R,
Co-founder, Bounce, said that they would be sourcing locally produced rare
earth magnet- free electric motors from Chara. It will go a long way in
maintaining cost efficiencies and make India independent of the global supply
of rare earth materials. It will transform the way India commutes.
Source – ET Auto
Image Source: Bounce Website
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