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Vecmocon is leading the next generation power electronics market, with high-quality components designed specifically for the EV market in India.
- The e-2w and 3w vehicle market in India is growing at 150-200% per year and is expected to add 30-50M+ vehicles over the next five years. However, 95%+ of EV components are still imported off-the-shelf from China and lack product market fit with the Indian market, leading to lower performance and safety.
- Vecmocon’s products have been built from the ground up to withstand the wide voltage fluctuations, extreme weather conditions, and poor infrastructure that characterize the Indian market. They also easily adapt to the rough handling and lack of technical knowledge of an average EV vehicle driver and the lack of standardization of batteries in the country.
- The company is working with several large domestic automakers including the top e-2w, e-3w and e-bus players, as well as EV ecosystem players like battery swapping, charge point operators and financiers. Its advanced consumer and safety features and ability to innovate rapidly, offer EV brands a distinct advantage in a competitive market and significantly improves time to market at minimal costs. Further, the smart components provide much-needed visibility into vehicle life and health, enabling reduced EV financing costs for consumers.