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Thursday, May 02, 2002

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Electrovaya scouting for marketing partner

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ELECTROVAYA of Canada is looking for an Indian partner for marketing its range of batteries that finds application in IT products.

According to Mr Sankar Das Gupta, CEO of Electrovaya, the company manufactures and sells high energy density rechargeable batteries that are used in portable computers, cellular handsets, digital cameras, portable medical devices and camcorders, among others. The manufacturing facility is located in Mississauga, Canada. A tie-up has been forged with Toshiba for selling the batteries.

While initially Electrovaya would sell its IT product batteries in India through a strategic partner and a distributors' network, the idea in the long term was to set up a manufacturing facility here at an estimated investment of $ 30 million.

Addressing a news conference here, Mr Dasgupta said products in the pipeline included zero-emission batteries for the transportation sector and batteries for alternative energy and storage.

Talks were also under way with the three global car majors — General Motors, Ford and DaimlerChrysler — for jointly developing a battery-propelled, zero-emission car.

In the next weeks, the company shall test-launch car batteries in the US.

Commercial launch of battery-powered cars is slated for the middle of next year in association with auto companies.

The scope in this regard was huge given the fact that, within the next few years, 10 per cent of the energy consumed in Europe must come from alternative energy sources.

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