Ecozen has announced its investment in the electric vehicle (EV) technology company Volektra. The goal of this collaboration, which also involves investors Thinkuvate and Growthfactory, is to promote electric mobility solutions on a global scale.
Together, Volektra’s magnet-free motor technology (SEEM) and Ecozen’s experience in motors, controls, IoT, and analytics will produce EV conversion kits for two- and three-wheelers. By providing an alternative to conventional EV motors that rely on rare earth magnets, this technology may be able to save expenses and the environment without sacrificing performance.
Volektra’s CEO, Manish Seth, stated that their technology eliminates the need for rare earth minerals, which may contribute to cost-effectiveness and environmental sustainability. Ecozen’s CEO, Devendra Gupta, described the investment as an opportunity to merge technologies and potentially redefine electric mobility.
The partnership plans to integrate Ecozen’s controllers into Volektra’s Vollkits, which are designed to convert traditional micro-vehicles into electric ones. Volektra reports that their first-generation drivetrain has been used in over 20,000 three-wheelers and various e-bikes in the European market.
This collaboration between Ecozen and Volektra represents an effort to develop and expand sustainable transportation options. The long-term impact of this partnership on the electric vehicle industry and its ability to make sustainable transportation more widespread remains to be seen.
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