Minda Corporation’s wholly owned subsidiary -- Spark Minda Green Mobility Systems (SMGMS) has signed Shares Subscription and Shareholders agreement with EVQPOINT Solutions (EVQPOINT) and its promoters & Other Ancillary agreements with EVQPOINT including Technology License Agreement (TLA) on September 01, 2021. Pursuant to the Shares Subscription and Shareholders Agreement SMGMS has agreed to subscribe for allotment of at least 26% of the equity share capital of the EVQPOINT and EVQPOINT agreed to issue and allot the said equity shares on mutually agreed terms & conditions.
SMGMS and EVQPOINT have also entered into Technology License Agreement (TLA) and Joint Collaboration & Technical Assistance Agreement. This partnership with EVQPOINT is meant to strengthen the Spark Minda Group’s EV Supply Equipment (EVSE) portfolio and offer battery chargers for both onboard and offboard configurations in the range of 250 W to 6.6 KW, with a roadmap for further range expansion.
Minda Corporation is a diversified company with a product portfolio encompassing from Mechanical & Electronic Security System, Door System, Electronic Controllers for Electric Vehicles, Plastic Interiors and for Auto OEM's across the Globe.
