Chennai, September 22nd, 2022: Flowtrik, an IIT Madras Incubation Cell (IITMIC) incubated start-up housed at IIT Madras Research Park, today announced its partnership with Salcomp, the largest manufacturer of chargers and adaptors for smartphones and other handheld devices.
As part of the partnership, Salcomp will be the exclusive manufacturing (sourcing) and business development partner for Flowtrik which designs chargers for Advanced Batteries (such as Li-ion, Advanced Lead Acid, other alternate batteries) used in EVs. Banking on IITMRP’s strong R&D capabilities, Flowtrik is ready to enter the market with a range of Portable & AC chargers and DC fast charging controllers.
Flowtrik and Salcomp will jointly work together right from initial product identification for research and development, design, product qualification and subsequent global production. Flowtrik will also continue to develop new charger products as per market requirements in consultation with Salcomp.
Salcomp has world class manufacturing operations producing the highest quality and reliable products and has more than 15+ years of presence in India. Salcomp’s global capabilities are on high volume manufacturing, sourcing and high level of vertical integration. The collaboration marks an important step in the advancement of not only witnessing exceptional R&D in India, but also the manufacturing capabilities for India & the global market.
Sasikumar Gendham, Managing Director of Salcomp India, said “Salcomp aims to play a significant role in the EV ecosystem not only for India, but also rest of the world. With capabilities of being #1 manufacturer of chargers and adaptors for smart phones and other handheld devices from the state-of-the-art manufacturing facilities in India, combined with our capabilities on precision metal parts, moulding and high reliability electronics assembly, we would like to provide highest quality and reliable products at very competitive pricing to spur the EV revolution. This partnership with Flowtrik will augment us to be a significant player in the EV space.”
Prof. Ashok Jhunjhunwala, President – IIT Madras Research Park, IITM Incubation Cell & RTBI, said, “India is surely on the way to become a manufacturing nation. I am overjoyed that Salcomp will tie-up with Flowtrik, a company incubated at IITM Incubation Cell to become its R&D partner and expand development of future chargers at IITM Research Park. Salcomp will commercialise this R&D and take it to the markets in India and the world. Best wishes to Salcomp and Flowtrik.”
ABOUT IIT MADRAS RESEARCH PARK
IIT Madras Research Park is India’s first University-based Research Park and a Section 8 Not-for-Profit Company home to 75+ R&D companies, 270+ Startups and 9 Centres of Excellence. Envisioned to “Bringing unlike minds together”, the Research Park primarily focuses on pioneering Industry-Academia interaction leading to commercialization of scalable and unique technology-based solutions, several of which have found wide market reach. The Research Park holds high eminence for epitomizing an innovation paradigm ecosystem across geographical boundaries, driving the roadmap towards achieving mammoth technological goals for India through its flagship project- 10X.
For more information about IIT Madras Research Park visit: https://respark.iitm.ac.in/
ABOUT SALCOMP
Salcomp, Headquartered in Finland, is the largest manufacturer of chargers and adaptors for smartphones and other handheld devices, as well as high precision component manufacturing with a global manufacturing presence in India, China, and Brazil. In addition to chargers and adaptors, Salcomp plays a significant role in the green energy space being one of the largest manufacturer of solar micro inverters as well as associated systems on a Roof Top solar setup. The company employs around 18,000 people globally and has produced over 4 billion chargers to date. For more information, visit www.salcomp.com
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