Fasmho Energy, a company specializing in EV battery management technology, has announced a strategic alliance with Cyantron Synergies to focus on advanced battery packs. This collaboration aims to design and produce custom intelligent energy storage solutions, specifically targeting non-stationary high-voltage energy systems like e-buses and e-trucks.
Valued at over USD $10 million, the partnership between Fasmho Energy and Cyantron Synergies intends to co-create battery management units (BMUs) to enhance battery performance and safety within the Indian electric vehicle (EV) sector. This initiative is part of a broader effort to meet the increasing demand for domestically manufactured solutions in the industry.
Over the next three years, the combined energy systems resulting from this collaboration are expected to exceed USD $180 million in value. This joint endeavor underscores the commitment to offering dependable, locally produced energy storage solutions for Indian EV manufacturers, thereby reducing reliance on imported components.
Abdul Azeez Khan, CEO of Fasmho Energy, expressed, “Our partnership with Cyantron Synergies aims to deliver sophisticated and smart energy storage solutions tailored for high voltage applications, meeting the growing demand for eco-friendly and effective electric vehicles.”
By leveraging Fasmho Energy’s proficiency in battery intelligence and Cyantron Synergies’ experience in advanced battery pack design and manufacturing, this collaboration seeks to address critical gaps in reliable electrical monitoring for advanced energy storage solutions. Mohammed UbeduddinIn, director of Cyantron Synergies, emphasized the strategic significance of the partnership in delivering durable and intelligent energy storage solutions that contribute to a sustainable future and reduce dependence on imported components.
The alliance between Fasmho Energy and Cyantron Synergies is positioned to play a pivotal role in driving the adoption of high voltage energy storage systems in India, aligning with the nation’s objectives for sustainable transportation and strengthening domestic manufacturing capabilities.
