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  • Energy Archive News

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    Magenta Power to Form Partnership with Ather Energy

    May 19, 2022 - Marketline - Deals


      Deal In Brief

      Magenta Power Pvt Ltd., India-based electric vehicle (EV) solutions provider, has signed memorandum of understanding (MOU) with Ather Energy Pvt Ltd, a manufacturer of electric vehicles (EV), to install Ather Grid fast chargers across charging locations in India. These charging stations will be managed by Magenta under the ChargeGrid platform and will provide charging facility for two-wheelers, three-wheelers and four-wheelers in a common location.

      Deal Type Partnership
      Sub-Category Co-development
      Deal Status Announced: 2022-05-18

      Deal Participants

      Partner 1 (Company) Magenta Power Pvt Ltd
      Partner 2 (Company) Ather Energy Pvt., Ltd.

      Deal Rationale

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)


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