Triton EV issues ‘letter of intent’ to BEL for procuring battery pack

The 300 kWh lithium-ion battery packs are to be delivered by Bharat Electronics (BEL) to Triton in 24 months starting January 2023, the filing said.

Triton Electric Vehicles India Pvt Ltd, which is a part of Triton Electric Vehicles LLC, USA, today submitted an estimate to Navratna Defense PSU Bharat Electronics for procurement of 300 kW Li-ion battery pack for its semi-truck project in India. A letter of intent was issued accordingly. value of 8,060 crore,” said the filing as seen by PTI.

Dinesh Kumar Batra, Chairman and Managing Director, BEL has received the LOI from Himanshu B Patel, CEO and Founder, Triton Electric Vehicle LLC, at the DefExpo 2022 in Gandhinagar.

“The purchase order for the first quantity with 100 per cent upfront payment has been handed over by Triton to BEL. BEL will deliver the first quantity by November 2022. The battery pack will be manufactured at BEL’s Pune unit,” the filing quoted PTI as saying. Said to.

BEL has signed a Memorandum of Understanding (MoU) with Triton Electric Vehicles for manufacturing Hydrogen Fuel Cell with technology transfer from TEV to meet the requirements of the Indian market and mutually agreed upon export markets.

According to the filing, the MoU aims to tap the demand for clean energy solutions for various applications including e-mobility by leveraging the Government of India’s thrust to adopt clean energy fuels for applications in transportation, energy storage etc.

TEV has established its R&D center and manufacturing facility in India. It has recently forayed into hydrogen powered vehicles and has started the journey of manufacturing hydrogen powered two wheelers, three wheelers and buses.

(with PTI inputs)