JAT Holdings JV plans to carve niche in US $ 90b EV Charger industry

by malinga
September 24, 2023 1:05 am 0 comment 639 views

Volt Charge is on a mission to set new industry standards in partnership with Saudi-based Safari Group, QSS Robotics, with JAT Holdings PLC at the helm of this initiative.

Bolstered by substantial multimillion-dollar investments from JAT, Safari, and QSS, and harnessing Sri Lankan tech trailblazer Cyrus’s expertise in EV charging technology, this partnership aims to carve a niche in the expansive $90 billion global EV charging industry.

Founder and Managing Director of JAT Holdings, Aelian Gunawardene said, “Volt Charge embodies our vision of pioneering innovation. This joint venture represents the convergence of diverse talents and resources from Sri Lanka and Saudi Arabia to reshape the EV charging industry worldwide. We are proud to be leading the charge, change and transformation towards a greener transportation infrastructure together with like-minded partners, in keeping with our commitment to a sustainable future.”

Cyrus, a brand owned by Cyrus EV Charger (Pvt) Ltd, promises to redefine the way the world powers its electric vehicles, Cyrus has a dedicated team led by Dr Beshan Kulapala, the pioneer behind manufacturing Sri Lanka’s and South Asia’s first-ever electric supercar, which was unveiled at the Geneva International Motor Show in 2020.

A trailblazing tech entrepreneur focused on developing high-tech solutions on a global scale, Dr Kulapala has created Sri Lanka’s largest EV charging network with home-grown EV Chargers.

Dr Kulapala said, “We’re excited to be part of this endeavour not only as a technology partner but also as a shareholder of a global enterprise to shape the future of EV charging. Volt Charge will not only provide advanced technology but also contribute significantly to the global sustainability cause, thanks to our breakthroughs in innovation in the field.”

The joint venture, Volt Charge, symbolises JAT Holdings’ commitment to shaping the future and diversifying its portfolio to meet the ever-growing demands of the world while expanding its global presence.

Volt Charge is making an entrance with its state-of-the-art 22kW Level-2 charger. Its ambitious roadmap includes a range of fast-charging technologies and visionary pursuits, such as wireless and robotics charging solutions, designed to anticipate the needs of the future. The first set of Volt Charge EV chargers is slated for commercialisation and launch with the commencement of Volt Charge’s manufacturing plant in Saudi Arabia by March next year.

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