Steel Strip Wheels to set up EV joint venture with Israel’s Redler Technologies_Steel Strip Wheels to set up EV joint venture with Israel's Redler Technologies

Steel Strip Wheels to set up EV joint venture with Israel’s Redler Technologies

June 3, 2024

Steell auto parts maker Strip Wheels Ltd on Tuesday, he said he has signed an agreement with Israel's Redler Cooperative Technologies to form a joint venture to develop, manufacture and market electric vehicle motion controllers in India. Steel Strip Wheels Ltd In a regulatory filing, the two companies signed a memorandum of understanding and will work with two-, three-and four-wheeled electric vehicle controllers.

The company's manufacturing capabilities, large consumer channel and strong Indian presence will be combined with the cutting-edge technology acquired by Redler, the association added. Steel Strip Wheels is a manufacturer of automotive wheels, and Redler is involved in the design, development and production of servo motion control systems, smart circuit breakers and power distribution systems, the document said.

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