Strategic Partnership
Energy In Motion (Associate of Ravindra Energy) Signs 500 MWh Battery Supply Agreement with CATL
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Ravindra Energy Limited announced that its associate company, Energy In Motion Limited (EIM), has entered into a strategic battery supply agreement with Contemporary Amperex Technology Co., Limited (CATL). The agreement secures 500 MWh (0.5 GWh) of advanced LFP battery cells and battery pack kits, supporting EIM’s electric heavy commercial vehicle ecosystem and nationwide battery-swapping infrastructure.
PRICE-SENSITIVE TRIGGER
Event: Strategic Battery Supply Agreement with CATL
Type: Strategic Partnership
Impact: Positive
Immediate Effect: Secures access to advanced battery technology from the world’s largest battery manufacturer for EIM’s heavy commercial electric vehicle platform.
highlight:
- 500 MWh (0.5 GWh) LFP Battery Supply Agreement
What Happened ?
Energy In Motion Limited (EIM), an associate company of Ravindra Energy Limited, has signed a Letter of Agreement (LOA) with CATL to establish a supply partnership for Lithium Iron Phosphate (LFP) battery cells and battery pack kits in India.
Under the agreement, CATL will supply 0.5 GWh of upgraded CB7T0 LFP cells along with the L324D06 battery pack platform, which will be integrated into 400.6 kWh battery systems for EIM’s E-Tractor 4×2 Ashwa heavy commercial vehicle platform.
Key Details
Operational Highlights:
- CATL will supply 500 MWh (0.5 GWh) of advanced LFP battery cells.
- Battery packs will utilize:
- CB7T0 upgraded LFP cell model
- L324D06 battery pack platform
- The upgraded batteries provide:
- Higher cycle life
- Better volumetric energy density
- Battery systems will power EIM’s Ashwa 4×2 electric tractor platform.
- EIM becomes the launch customer for CATL’s latest heavy commercial vehicle battery system in India.
- Battery packs will be integrated into EIM’s customized swappable battery architecture.
- EIM currently operates six heavy-duty battery swapping stations.
- Target:
- 40 operational heavy commercial vehicle swap stations by March 2027
- CATL held approximately 39.2% global battery market share in 2025.
Note:
- The announcement relates to EIM, an associate company of Ravindra Energy Limited, and represents a strategic technology partnership rather than a customer order.
Risk Analysis
Summary:
- The agreement significantly strengthens EIM’s technology and battery supply chain. However, future benefits depend on execution of infrastructure rollout and commercial adoption of heavy electric vehicles.
Key Risks:
- Timely execution of CATL battery deliveries.
- Expansion of battery-swapping infrastructure.
- Market adoption of heavy electric commercial vehicles.
- No financial impact or revenue guidance has been disclosed.
Worst Case:
- Supply delays, slower EV adoption or delayed infrastructure rollout could postpone commercialization and limit expected strategic benefits.
Risk Level: Medium
Company Commentary
- The agreement secures world-class battery supply from CATL.
- Management believes it strengthens quality, reliability and scalability.
- The partnership supports EIM’s nationwide expansion plans and long-haul commercial EV ecosystem.
Official Exchange Filing: Ravindra Energy Limited
