Hyderabad: Hyderabad-based electric mobility startup DAO EV Tech has entered into a strategic agreement with Avon, a leading bicycle manufacturer. The strategic agreement between DAO EV Tech and Avon will complement both the companies strengths and leverage their network in the areas of sourcing and manufacturing excellence.
DAO EV Tech has developed a product line-up with new models to be launched soon and Avon has deep roots in the center of India’s manufacturing community which will help DAO access top notch Indian suppliers in the two-wheeler industry especially for mechanical components. It will further speed up DAO’s homologation and localisation for its high-speed model 703.
DAO Tech chairman and CEO Dr. Michael Liu said, “The electric mobility sector in India is the immediate future and we hope to create a sustainable ecosystem of suppliers and vendors with the help of our new cooperation partner Avon.”
On the other hand, Avon has already begun utilising DAO’s global manufacturing approaches and excellence to develop some of their new high-speed electric vehicle models. Avon CMD Onkar Singh Pahwa said, “Our alliance with DAO EV Tech will go a long way in providing the best of the products to our customers. There are a number of vendors from the automobile sector associated with us, which would help Avon & DAO EV Tech to manufacture locally under the ‘Make in India’ vision.”
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