Canadian power systems maker Electrovaya Inc, based in Mississauga, Ontario, today said that it was partnering with Tata Motors and Miljø Grenland/Innovasjon to manufacture batteries and electric cars in Norway, beginning 2009, using its own proprietary lithium ion SuperPolymer battery technology.
Tata Motors ysterday announced that its UK subsidiary, Tata Motors European Technical Centre plc, had acquired a 50.3-per cent stake in Miljø (See: Tata Motors acquires majority stake in Norwegian electric car firm Miljø Grenland).
Earlier this month Electrovaya received its initial license payment of $1.3 million from Miljobil as partial consideration for a technology license enabling battery and electric car production at a new plant in Norway, following signing a term-sheet agreement with Miljø.
Electrovaya is partnering with Miljobil to produce batteries and electric cars in Norway and is providing its proprietary Lithium Ion SuperPolymer battery technology to give Miljobil's four-door electric vehicles excellent range and highway speed.
The Toronto Stock Exchange-listed Electrovaya said as Tata Motors' technology partner, it will receive equity in Miljø, a technology license fee and a royalty based on the value of its proprietary lithium ion SuperPolymer batteries used in the electric cars.
In addition to manufacturing state-of-the-art Lithium Ion SuperPolymer batteries and the development of related technologies, Miljø will produce electric vehicles based on Tata Motors' products, starting with the Indica EV, scheduled for launch in Europe during 2009.
The Indica EV will be a practical option for the consumer as it is capable of carrying 4 people, with adequate luggage space, a predicted range of upto 200km and acceleration of 0-60 kmph in under 10 seconds. The zero emission electric vehicle will be sold in Europe and globally.
''The demand for long range highway speed electric vehicles is large and we expect Electrovaya's battery to be the enabling technology to bring Electric Vehicles into commercial success, '' said Electrovaya's co founder and chairman Dr Sankar Das Gupta, in a media statement while receiving the initial licence fee from Miljø.
''Electrovaya's lithium ion SuperPolymer battery has an unparalleled combination of energy density and power density which is necessary to give electric vehicles both long driving range on a single charge as well as acceleration and high speed capabilities, '' he said.
Bjørn Nenseth, CEO of Miljobil, said, ''Miljobil has over the years pioneered the use of Electric vehicles in Norway and we are pleased to announce this new development in our ongoing partnership with Electrovaya.''
Electrovaya, a leading designer, developer and manufacturer of its proprietary lithium ion SuperPolymer battery systems, also offers battery-related consumer products primarily focused on the healthcare market. It says its mission is to accelerate clean transportation as a commercial reality with its advanced power systems for all classes of zero-emission electric vehicles and plug-in hybrid electric vehicles.
Electrovaya became a public company in November 2000 with a listing on the Toronto Stock Exchange under the symbol EFL. Prior to its public offering Electrovaya had been a research and development company co-founded in 1996 by Dr Gupta and Dr James Jacobs.