RKFL signs an MOU with ePropelled to manufacture their patented Dynamic Torque SwitchingTM (eDTSTM) motor technology.  This technology will provide the light EV manufacturers in India with an innovative energy saving solution for the high-growth eMobility market.

Lowell, Mass. and Kolkata, India | November 15th, 2021 – ePropelled, the Massachusetts-based technology company that offers leading-edge electric propulsion systems, today announced it has signed a memorandum of understanding with Ramkrishna Forgings Limited (RKFL), a leading global supplier of forged, rolled, and machined products for the automotive and related industries. They are a preferred supplier to OEMs like TATA Motors, Ashok Leyland, VE Commercial, and Daimler in India and to Volvo, Mack Trucks, Iveco, DAF, Scania, MAN, UD Trucks, Kamaz, and Ford Otosan in the overseas markets.

Based on the agreement, the two companies will jointly develop eAxle products based on ePropelled’s patented Dynamic Torque SwitchingTM (eDTSTM ) technology that increases power efficiency by at least 15%, allowing manufacturers to reduce the size and cost of their battery packs. In addition, the eDTS system provides high torque at low speeds without drawing high current from the batteries as well as high speeds at low torque levels without using field weakening. This unique combination results in a highly scalable design that can be used in a variety of vehicles ranging from light EVs—such as scooters and three-wheelers—to cars, light trucks, and large trucks.

According to research from IDTechEX, India’s EV market will be worth $35 billion in 2041 as the country of more than 1.3 billion people looks to electrify transportation with an emphasis on motorbikes and micro-mobility. The electric three-wheeler market in India is seeing significant growth with typical sales of 140,000 per year, which is a rising percentage of the total three-wheeler segment. The combination of ePropelled and RKFL will provide Indian manufacturers with a more innovative propulsion system that maximizes power efficiency while delivering the performance and distance requirements expected by consumers.

“RKFL is an established Teir 1 international automotive supplier in India that understands the huge market potential for manufacturers offering more efficient EV mobility options in the country,” said Nick Grewal, president and CEO of ePropelled. “This agreement validates our patented technology for the automotive market and also showcases our strategy as a technology company to collaborate with manufacturing partners on product development, manufacturing, marketing, and sales to accelerate EV adoption across vehicle segments and regions.”

Based on preliminary input from automotive manufacturers, ePropelled and RKFL have developed product specifications for motors, controllers, and software for propulsion systems up to 15kW for the motorbike, three-wheeler, and light four-wheeler markets.

“As large markets like India look to increase EV adoption to reduce pollution and increase energy efficiency, the EV market has been restricted for too long by inefficient motors and the size and cost of batteries,” said Naresh Jalan, Managing Director at RKFL. “By collaborating with ePropelled, we can create a compelling, next-generation propulsion system for manufacturers to provide them with varied options when selling motorbikes, three-wheelers, and light four-wheelers in the Indian market.”

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About ePropelled

ePropelled designs intelligent motors, motor controllers, and generators that help reduce energy consumption and improve system efficiency at a lower cost in the UAV, EV, and pump markets. We are a leader in magnetics engineering, and our patented technology and innovative smart power systems are equally at home in the air, on the road, and under water, defining the future of electric propulsion.

ePropelled has offices in the United States, Europe, and India and works with manufacturers of various types and sizes around the world. For more information, visit epropelled.com.

About Ramkrishna Forgings Limited

Ramkrishna Forgings Limited, incorporated in 1981, is headquartered at Kolkata, India. It has state-of-the-art manufacturing facilities and is the 2nd biggest integrated forging facility in India. The company is certified in terms of IATF16949, ISO 45001, ISO 14001& AS9100D.

RKFL is a supplier to various sectors such as automotive, railways, farm equipment, bearings, oil and gas, power and construction, earth moving and mining with customers in 18 countries.

To efficiently manage its operations, RKFL has offices in Detroit in the U.S.A., Toluca in Mexico, Istanbul in Turkey, Sao Paulo in Brazil, Milan in Italy, and Moscow in Russia, in addition to a significant presence in India. It also has warehousing facilities in Hagerstown, Louisville, and Detroit in the U.S.A., Toluca, Puebla, and Monterrey in Mexico, and Westerlo in Belgium. For more information, visit www.ramkrishnaforgings.com

ePropelled Media Contact:

Kim Schofield Corporate Marcom Manager Email: kim@epropelled.com Phone: +1-603-234-4000 Ramkrishna Forgings Limited Media Contact:

Jagannatha Rao Head – EV Business Email – jagannatha.rao@ramkrishnaforgings.com Phone – +91 – 7774039295