Redler Technologies (“Redler”) Ltd.-an Israel based global engineering company and Steel Strip Wheels Limited (“SSWL”) India- a global leader in the Automotive Wheel Maker industry announce today the signing of the Memorandum of Understanding (MOU) to establish a joint venture.
focused on the development, manufacturing, and marketing of innovative, state-of-the-art motion control solutions for Two, Three & four-wheeled electric vehicles in India.
Joining India’s fight against pollution for the benefit of future generations around the world.
Radler Technologies, specializing in solutions with international patents in the areas of electrical power and motion technologies for the micro-electric car market through breakthrough technology, has signed the Memorandum of understanding [MOU] with the SSWL – an Indian vehicle giant traded on the Indian exchange market (NSE) and specializes in manufacturing and distributing parts for the automotive industry for motorcycles, and rickshaws.
This Association will synergize SSWL’s Manufacturing capability, large Customer Access, and strong presence in India with Redler’s access to advanced technology.
This will help to bring state-of-the-art technology products with an Aim to Promote ‘MAKE IN INDIA-MAKE FOR WORLD’ with the establishment of a joint JV company, which will produce, market, sell and support technology, in the Indian market the Radler products, smart drivers controllers, and other electronic systems for the small electric vehicle, motorcycles, and electrical rickshaws.
The tiny car market in India produces about 20 million new motorcycles and rickshaws a year, this market, rapidly moves to electrical propulsion, at an increase of about 16% (CAGR) per year, with massive support from the Indian government, encouraging smart technology-based products to be developed in India for this transport, such as those of Radler Technologies, Combine innovative technologies and patents.
The auction was signed between Radler Technologies CEO, Guy Nathanson and the CEO, Mr. Dheeraj Garg of SSWL,
And with the support of SHEPHA, SOOMON & co ADVOCATES, Eshkol and the Israeli Embassy in Delhi.
Radler Technologies CEO, Guy Nathanson:
“The power for significant change can begin when two parts decide to join forces. This technological bridge and collaboration between the two companies is a significant step towards the “Green Revolution” in India’s fight against pollution for the benefit of future generations around the world”
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