Mahindra Reva signs R&D MoUs with Australian State of Victoria
Feasibility study to explore potential for research, supply chain development, and manufacture of clean tech vehicles
L-R: Prof. John Dewar (Vice Chancellor, La Trobe University), Hon. Ted Baillieu (Premier of Victoria, Australia), Chetan Maini (Founder, Chief of Strategy & Technology, Mahindra Reva Electric Vehicles), Prof. Linda Kristjanson (Vice Chancellor, Swinburne University)
Bangalore, 23 February 2012: Mahindra Reva Electric Vehicles Pvt. Ltd. (Mahindra Reva), a global pioneer of electric vehicle technology, today signed a Memorandum of Understanding (MoU) with the Government of Victoria, Australia, which is commissioning a feasibility study to explore the potential for research, supply chain development, and manufacturing of clean technology vehicles in Victoria.
Mahindra Reva also signed three MoUs with leading Australian research institutions to collaborate on development of advanced vehicle and energy management technologies. The MoUs are with Swinburne University, La Trobe University, and Australia’s national automotive research body, the AutoCRC.
Speaking on the occasion, Mr. Chetan Maini, Founder and Chief of Strategy & Technology, Mahindra Reva Electric Vehicles, said, “We firmly believe that electric vehicles are the future of personal mobility, and our partnerships with the Government of Victoria and Victorian research institutions will help create the next generation of zero-emissions mobility solutions for the world.”
Mr. Ted Baillieu, the Premier of the State of Victoria, was present for the signing of the MoU and further added, “The Victorian Government is committed to maintaining a strong, dynamic automotive industry in Victoria, and welcomes this interest from one of the world’s most exciting and innovative electric vehicle manufacturers.”
Mahindra Reva has entered into the MoU with the AutoCRC to establish an operational framework for an Applied Research Program. The two-year MoU will facilitate the sharing of relevant confidential information and enable the two parties to establish specific project agreements under the Applied Research Program. The MoU with Swinburne University, which has Australia’s largest electric vehicle research group, will focus on advanced EV technologies.
The company’s three year MoU with La Trobe University aims to facilitate collaborative research and development for new energy management technologies. The research program will develop new concepts and techniques at the crossroads of high-efficiency building design, electric vehicles, and vehicle-to-grid technologies. Energy management systems for commercial buildings would encourage employees to use electric vehicles, which could in turn serve as a source of energy for the workplace or help stabilize clean energy sources like solar or wind power.
Mahindra Reva’s new facility in Bengaluru, India is one of the world’s most energy-efficient automotive assembly plants, featuring technologies like energy recovery systems and solar power. The plant will serve as a test bed for technologies developed by the joint research program.
Mahindra Reva is part of the multinational Mahindra Group, which also owns a controlling stake in Victorian-based aerospace companies, Gippsland Aeronautics (GippsAero) and Aerostaff Australia.
About Mahindra Reva Electric Vehicles Pvt Ltd
Mahindra Reva is a pioneer of electric vehicle (EV) technologies and one of the world’s most experienced EV manufacturers. Founded in 1994 as the Reva Electric Car Company, the company was a joint venture between the Maini Group of Bangalore and AEV LLC of USA. Reva focused on creating affordable electric cars through advanced technology and launched its first model in India in 2001 and in London in 2004.
In May 2010, the US $14.4 billion, 144,000-employee Mahindra Group acquired a majority stake in the company, which was renamed Mahindra Reva Electric Vehicles Pvt Ltd. Mahindra Reva remains headquartered in Bangalore, India, next to Electronics City – one of the world’s information technology hubs.
Today Mahindra Reva has one of the world’s largest deployed fleets of electric cars – customers in 24 countries have driven their Revas petrol-free for over 180 million kilometers. The company produces its own cars, licenses out its electric vehicle technologies, electrifies existing platforms, and helps to deliver integrated zero-emissions mobility solutions. The company’s new factory in Bangalore, capable of producing 30,000 cars per year, is scheduled to begin production in mid-2012.
In 2006, Reva was acclaimed by Business World India as one of India’s “Cool Companies” and in 2008 was the recipient of the Frost & Sullivan Automotive Powertrain Company of the Year award. In 2010, Reva i was crowned Green Car of the Year at Overdrive & CNBC TV18 awards.