Covid-19 has led to a realisation that localisation is the way to go as far as parts supply (in electric vehicle supply chain) is concerned, says Akhil Aryan, co-founder & CEO of ION Energy. “It may not be entirely possible—in a lithium-ion battery a lot of raw material comes from China or is managed by Chinese companies—but it can happen in electronics,” he says, adding, “India has some of the smartest engineers in the world, and a strong tier-1 supplier base for the automotive market.
” ION Energy is a battery management system (BMS) and intelligence platform. It builds technologies that improve the life and performance of lithium-ion batteries that power EVs, energy storage systems. Over the last three years, it has become the largest BMS company in India, and over 30,000 vehicles on Indian roads are running on its BMS. Even though the company has products for high-voltage vehicles, such as electric cars, its focus is on lower-voltage products—in the two- and three-wheeler space.
“Any company in India big time into electric two- and three-wheeler space is either working with us or we are doing proof of concepts with them for their next product line,” he adds.