[City, 3rd July 2023] - Urban Sphere, a pioneering electric vehicle (EV) OEM, and Tecchren Inc., an advanced battery technology manufacturer, are delighted to announce their strategic partnership aimed at revolutionizing the transportation landscape in the Philippines. With a commitment of $1.2 billion, this collaboration aims to transform the country's fleet by introducing connected electric buses, marking a significant step towards sustainable urban mobility.
As part of the Public Utility Vehicle Modernization Program, which calls for the delivery of over 5,000 buses annually, Urban Sphere and Tecchren are dedicated to bringing their innovative bus technology to the Philippines. With a confirmed purchase order worth $52 million, this expansion aligns with their ongoing commitment to global business growth.
"We are looking forward to achieving great heights with the launch of our new line-up's, Vision Bn, Vision LTn & Vision LVn with this opportunity," says Karthik Athreya, CEO of Urban Sphere, expressing excitement about the partnership.
"Our new branch office in the Philippines will be responsible for the local assembly and distribution of our buses to the Philippines government. This will create new job opportunities and bring investment of $1.2 Bn to support the local economy over the next 8 years," says Dr C S R Raju, CEO for Tecchren.
Urban Sphere specializes in providing innovative and sustainable EV solutions for both personal and commercial use. Their mission is to make urban mobility more accessible and environmentally friendly. By utilizing advanced technologies and materials, Urban Sphere develops reliable and efficient products that prioritize durability, cost-effectiveness, and environmental sustainability.
TECCHREN Inc. is a forward-thinking company focused on manufacturing and distributing advanced Lithium Ferro Phosphate (LiFePO4) batteries in India and the USA. With an exclusive licensing agreement with a European-based company, TECCHREN's highly qualified and diverse team is dedicated to working towards a cleaner and brighter future through cleaner energy solutions.
Equipped with cutting-edge technology and safety features such as GPS tracking, Wi-Fi, and charging stations, these buses are poised to improve the lives of commuters while alleviating traffic congestion and reducing pollution in the Philippines.
Urban Sphere and Tecchren look forward to collaborating with local partners and government agencies to enhance transportation systems in the Philippines, making roads safer and more efficient.
"We are excited to play a part in the future of transportation in the Philippines and look forward to working with the government and local communities to make our vision a reality," concludes the joint statement by Urban Sphere and Tecchren.
For more information, please contact
us at info@urbansphere.in
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