Gulf formulates customized EV solutions for Altigreen
23 Dec 2022
Gulf to be the sole provider of specialized EV Fluids for Altigreen's three-wheeler electric cargo vehicles
Gulf Oil Lubricants India Ltd., a Hinduja Group company, announced an exclusive partnership with Altigreen for supply of EV Fluids like brake and gear oils. Through this exclusive tie-up, Gulf will now manufacture customized EV fluids for commercial electric vehicle maker Altigreen. This partnership will give Altigreen direct access to the R&D capabilities of Gulf Oil India for building a complete portfolio of vehicle fluids optimized specifically for EV needs.
Gulf introduced its wide range of EV fluids in September of last year, offering specially formulated products like Gulf Formula Hybrid for EVs and hybrid vehicles, Gulf eLEC Coolant, Gulf eLEC Driveline Fluid, and Gulf eLEC Brake Fluid.
Sixth Sense, Xponentia and Reliance backed start-up Altigreen, is a leading manufacturer of electric three-wheelers with over 1,000 electric three-wheelers on the road catering to the last-mile mobility segment. The first product – AGP Gear Oil would soon be available at Altigreen sales and service channels. This and other specially formulated Gulf EV Fluids will now power Altigreen’s Low Deck and High Deck cargo electric vehicles.
The strategic agreement was signed between Mr. Ravi Chawla, MD & CEO, Gulf Oil India, and Dr. Amitabh Saran, Co-founder & CEO, Altigreen in Bengaluru today.
Speaking at the launch, Mr. Ravi Chawla, MD & CEO, Gulf Oil Lubricants India Ltd said, "We are delighted to partner with Altigreen. This partnership highlights commitment from both brands to help India achieve environmental targets partly through the progress on electrification of vehicles by the year 2030. With every OEM partnership, Gulf as a lubricant brand understands the changing demands of electric vehicles and develops products that will go a long way. Through this collective work towards the development of the E-mobility ecosystem, Gulf is optimistic about providing significant solutions for the performance and efficiency of EVs."
Dr. Amitabh Saran, Co-founder & CEO, Altigreen, said, "Altigreen is determined to change the way three-wheeler electric cargo vehicles are manufactured and experienced in India. Our partnership with Gulf for its extensive line of specially formulated high-end EV Fluids will provide our customers and end-users with advanced solutions that further improve the efficiency and driveability of EVs. These EV fluids will provide optimum levels of lubrication ensuring increased durability of e-axle components. We hope to have a long partnership with Gulf that will help accelerate the adoption of electric three-wheelers in India."
About GOLIL
Gulf Oil Lubricants India Limited (GOLIL), part of Hinduja Group and Gulf Oil International, is one of the leading players in the lubricant market in India and has a top 2 / 3 position in key segments amongst the private sector brands. GOLIL has a wide range of world class-leading products in the automotive and industrial lubricants space catering to B2B and B2C segments with a growing distribution network. The brand has tie-ups with over 20 leading OEMs and is a leader in the direct sales network to industrial, infrastructure and institutional customers, and exports to over 25 countries. Along with automotive and industrial lubricants, we have a significant share in the 2-wheeler batteries segment. In India, we have a strong manufacturing and R&D base with two plants in Silvassa and Ennore, Chennai. The brand is working towards being future-ready to offer additional mobility solutions and has recently tied up with Indra Technologies - UK based charge point manufacturing company and ElectreeFi, an EV SaaS provider to drive the change.
Today, the Gulf brand has a global presence in more than 100 countries across five continents. The Gulf Oil International Group's core business is manufacturing and marketing an extensive range of over 400 performance lubricants and associated products for all market segments.
Gulf enjoys a strong brand recall built through association with brand ambassadors like Mahendra Singh Dhoni, Hardik Pandya, Smriti Mandhana, Chennai Super Kings coupled with global sporting partnerships like McLaren etc.
About Altigreen
Founded in 2013, Altigreen designs, engineers and produces Electric Vehicles for the last mile transportation segment. Altigreen's Made in India / Made for India products are specifically designed for Indian environment, roads conditions and driving behaviours. Bengaluru based - Altigreen's product offering is standing on four strong pillars: longest range, largest volumetric capacity, highest ground clearance, and greatest torque. The company's commercial electric 3W offering neEV recently achieved the feat of completing 150+ kms intercity drive between two iconic places of Karnataka, i.e. Mysore Palace and Bangalore Palace, on a single charge in about six hours. In addition, the company recently announced a partnership to launch the fastest-charged 3-wheeler while offering over 100 chargers in Bengaluru itself. The company's patent portfolio spans over 60 countries with 26 patents granted, including 6 in the US. Global awards received by Altigreen include those from WorldWide Fund for Nature, Niti Aayog, ARAI, Economic Times, Elecrama, IoTNext, IDTechEx and more. Altigreen recently raised an Rs 300 Cr investment from Sixth Sense, Xponentia, Reliance New Energy, Accurant and Momentum.
