Redler Technologies, which specializes in global solutions and patents in the fields of electric power and propulsion, has signed a strategic partnership with VF Indian, develops technologies for tiny, micro electric vehicles -EV- Two- and three-wheeled, to the Indian and East Asian markets with an initial total investment of $ 5.5 million. Thus, for the first time, Israeli technology will be a critical tier in the construction of tiny vehicles in India and Asia, the company will provide revolutionary propulsion control solutions to the outsourcing industryEV – Gaining momentum, as part of a green electric revolution, to which India and its neighbors are marching.
The collaboration will include a combination of innovative technological solutions and the flagship products of the Israeli company Redler Technologies, starting from the development stage and after the production, integration and support stages together with VF While adapting them to the exact needs of new developments and vehicles EVTwo- and three-wheeled.
The propulsion controller market enjoys steady growth in line with the marketEV Which is experiencing tremendous growth in India and East Asia. In 2021 this market wheeled a sum of $ 3.8 million and is expected to grow by 3000 percent to a value of $ 267 million by 2025.
This expectation is based, among other things, on a national plan announced by the Government of India and Transport Minister Gadkari with the aim of transforming theEV– Two- and three-wheelers to 80 percent by 2030. This market is a major part of all electric vehicles that hit the road every year, and is estimated at billions of dollars in sales per year.
Guy Nathanson, CEO of Redler Technologies: “We are excited to take part in the revolution in the very emerging market of theEVTwo and three wheel. The choice of VF Here is an ideal from the fact that the technological synergy between us will make it possible to create a more positive future. Thanks to Redler’s smart controllers and compliant standards, quality and cost for the Indian and East Asian markets and together with the new partner, VF “We strive to promote the issue of green energy and the policy of 0 emissions from transport that are on the economic and political agenda of the region and of the whole world.”
Omar Bashis, CEO and partner in the company VF: We consider it important to cooperate with Redler Technologies. Together it will be possible to bring to India a significant line and localization of technologies that will make it possible to take the e industry EV – India and its neighbors for a better future.
Radler said that given that 17.4 million new two- and three-wheeled vehicles hit the road in 2020, compared to only 2.7 million vehicles when only 1.6 percent of all new vehicles that hit the road each year have green energy, this has tremendous growth potential.
Radler Technologies Israel has been operating in Israel and around the world since 1994, specializing in the development and production of technologies in the field of electric-propulsion control and electric power for civilian and defense industries. Redler has worldwide patents in its field of activity. In the field of controllers, a patented Redler that allows the utilization of up to 25% of the power wasted in a powerful battery and motor system and many other benefits for operating electric motors such as DC– Energy saving, exceptional performance, high energy density, high survivability, competitive price that work together with friendly and innovative software for control and operation.
VF Indian, is one of the fastest growing companies in the field of developing and manufacturing electronic systems in the automotive field EV Two- and three-wheeled in the Indian and East Asian market, operates in a steadily growing market of initiatives in the field of e EV– In India and the countries of the region in an attempt to overcome 2 major problems- the very fact that they are located in the third place in the world in toxic gas emissions as a result of traffic when the vast majority comes from gasoline powered two and three wheelers and very high cost of gasoline. .