~ PLANS TO INVEST EUROS 25 MILLION ON NEW PRODUCT DEVELOPMENT INCLUDING IN-HOUSE E-POWERTRAIN ~
~ TO UNVEIL ELECTRIC CRUISER
MOTORCYCLE SOON ~
Okinawa Autotech, a leading Indian electric
two-wheeler manufacturer in strategic development today announced the
inauguration of its first Research and Development (R&D) Center in Italy,
Europe, in association with its joint venture (JV) partner Tacita®️ with a
total investment of Euros 25 million over a period of next three years.
The new Center of Technology will be headed by Mr.
Pierpaolo Rigo, Co-Founder, Tacita and will operate in collaboration with
Okinawa’s local R&D team in India. It is also a conglomeration of the
industry’s best talent to optimize product performance and design. Both Okinawa
and Tacita will strive to implement the company’s vision of providing
world-class technology to delight the customers.
The global R&D centre will further focus on
new product development, upgrading the existing product portfolio and
developing an all-new e-powertrain to support the next generation of products.
The centre will employ nearly 50 specialists both from India and across the
world and soon the company will start its employee exchange program with Tacita
to nurture the employees’ skills both at domestic and international levels.
The first product designed at the global center
will be an electric cruiser motorcycle that is scheduled to be unveiled in the
coming months in India. The motorcycle will be equipped with the latest EV
technology and best-in-class performance amongst the motorcycle segment
globally.
Jeetender Sharma, MD & Founder, of Okinawa
Autotech said,
“As a leading manufacturer of electric vehicles in India, the company is
focused on strengthening the EV ecosystem. The company has invested Rupees Five
Billion along with our key stakeholders towards the development of new
products, manufacturing facilities, network expansion and brand building over
the last five years. Setting up the global R&D centre showcases our ambition
to bring the best technologies from the entire world to our Indian customers.
The centre will be working on developing futuristic technologies for next-gen
electric vehicles. We appreciate the support received from our partner Tacita
in developing our first high-speed electric cruiser motorcycle for the Indian
and global market. We are excited to bring this product to India to help us
further strengthen our presence in electric two-wheeler industry.”
