Dao EV Tech, an electric mobility manufacturing start-up based out of Hyderabad has entered into a strategic agreement with Avon, a leading bicycles manufacturer in the country. As per the MoU, Dao EV Tech and Avon Cycles will further support each other in assembly, designing, supply network and marketing of each other’s products in their spheres of influence.
Founded by the Pahwa Brothers in the year 1952, Avon today has large production facilities and a growing portfolio of products with over 200 models and over 360 different components for each model.
Dao EV Tech, a manufacturer of electric two wheelers, has developed a product line-up with new models to be launched soon. Avon will help Dao access top notch Indian suppliers in the two-wheeler industry especially for mechanical components. It will further speed up Dao’s homologation and localization for its high-speed model 703.
Dr. Michael Liu, Chairman and CEO, Dao EV Tech said, “Dao EV Tech is in the process of building lasting partnerships with OEM vendors currently supplying to leading fuel driven vehicle brands. The electric mobility sector in India is the immediate future and we hope to create a sustainable eco-system of suppliers and vendors with the help of our new cooperation partner Avon.”
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