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.
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.
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.
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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