Gurgaon-based Napino ties with US-based Firm for Li-ion Battery Packs

Gurgaon-headquartered Napino Auto & Electronics has inked a pact with US-based Farasis Energy to cater to the demand for lithium-ion battery packs for two and three-wheelers in the domestic market.

As per the Memorandum of Understanding (MoU), Napino and Farasis shall jointly develop the business in the Indian market, Napino Auto & Electronics said in a statement.

Farasis is one of the leading providers of high energy density lithium-ion battery cells and packs to automotive OEMs (original equipment manufacturers) globally and has end-to-end capability and expertise from cells to applications.

"Our partnership with Farasis Energy comes in at the right time with the government's push to promote faster adoption of EVs. The manufacturing of battery packs is an integral part of our e-mobility strategy," Napino Auto & Electronics CEO Naveen Kumar said.

"It is our aim to be a leading provider of safe, reliable and high energy battery packs for the Indian market and we are very optimistic about the success of our collaboration with Farasis Energy which will support us to localise lithium-ion battery pack technology for our customers," he added.

Farasis Energy Vice President of Sales and Marketing Thanh Nguyen said given the huge potential offered by the Indian market, the company foresees it becoming one of the largest e-mobility markets in the world.

"This strategic collaboration will enable us to access this fast growing market," he added. PTI MSS

IAN & Napino Launches Incubation Program 'CircuitBridge', For Software and Hardware Startups

Indian Angel Network, Indian angel investor network and Napino Auto & Electronics Limited, a leading manufacturer of electrical and electronic components for the automotive industry have collaborated to launch an incubation program to encourage entrepreneurs to create innovative and disruptive solutions in connected transport (two and four wheelers), Internet of Things (IoT), home automation, wearables, auto electronics, virtual reality (hardware).

Program highlights are as follows:

• One-on-one mentoring by investors/industry experts


• Grants for selected incubatees


• Assistance for designing product/service


• Customer validation/industry connects

Saurabh Srivastava, co-founder Indian Angel Network and of the IAN Incubator commented, “The IAN Incubator is a strong support system for aspiring entrepreneurs irrespective of the sector. Strong incubation program as run by the IAN Incubator backed by forward looking corporates like Napino are perfect to nurture dynamic start-ups. I am certain this initiative will fulfil its promise and we will see great products emerge from the program.”

Vipin Raheja, Chairman and Managing Director, Napino Auto & Electronics Limited commented, “Napino has been a proud contributor to the progress of the Indian auto industry. Now, we would like to share our experience and offer support and guidance to the young talent in India to help them build the next level of technologies. This collaboration with the IAN incubator gives us a great platform to mentor entrepreneurs and be part of their success through this incubation program.”

Vaibhav Raheja, Director, Napino Auto & Electronics Limited commented, "We are on a mission to revolutionize the way start-ups design, develop, launch and grow businesses. Start-ups have incredible energy and do things differently which makes interacting with them so rewarding. We believe that the key to their success lies in not just creating disruptive technologies, but also using them strategically to create strong business models. IAN Incubator and Napino have the ability to provide best-in-class support for early-stages innovation start-ups and contribute towards their growth”.

Startups who wish to be part of this program please send in your applications to circuitbridge@indianangelnetwork.com

About IAN Incubator

IAN Incubator believes that early stage businesses require more than just money to succeed. They require close mentoring and inputs on strategy as well as execution. The IAN Incubator provides entrepreneurs with best in class industry leaders/investors/domain experts as mentors to support them in business planning, one to one mentoring, assistance recruiting their top team, commercializing their technologies, getting early engagement and customer validations from the market, transfer of technologies, assistance getting early seed funding, help in forging partnerships at the national and global level, advice on intellectual property, training and development and many other things.

About Napino Auto & Electronics Limited

Napino Auto & Electronics Limited is a leading manufacturer of Electrical and Electronic Products for the Automotive Industry. It has four state-of-the-art Manufacturing Plants spread across Northern India. Napino’s in-house Research and Development facility is approved by Department of Scientific & Industrial Research (DSIR), Government of India and is well equipped to promote innovation, design, development and validation of our entire range of products. The company’s marquee list of customers include Hero MotoCorp, Honda Motorcycle & Scooter, Suzuki Motorcycle, India Yamaha and Mahindra Two Wheeler.