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MIC Electronics inks MoU with Interactive Fully Electrical Vehicles

08 Dec 2022 Evaluate

MIC Electronics has entered a preliminary Memorandum of Understanding (MoU) dated December 01, 2022 with Interactive Fully Electrical Vehicles (I-FEVS)  to collaborate in the area of road mobility with the objective to exploit the I-FEVS patents related to Electric 2 and 3 wheelers, characterized by: 1) a novel approach to manufacture the frame and more in general the overall mechanical and electromechanical components including the suspension system, 2) A novel electrical propulsion system 3) an electrical electronic architecture studied for over the air firmware updates, for preventive maintenance, user(s) identification, energy management, energy harvesting through photovoltaic, situational awareness. 4) A specifically designed battery pack.

The primary goal of this MOU is MIC to become the sole contract manufacturer / assembler for I-FEVS in India. In principle from a single component to a group of subsystems or the assembly of the overall 2 and 3 wheelers and Sales & Services in the Indian sub-continent.

MIC Electronics is engaged in manufacturing light emitting diode (LED) lighting solutions, development, production and sale of video and animation displays and text and graphic displays.


Peers
Company Name CMP
Waaree Energies 2354.30
Apar Industries 18177.00
Havells India 1056.90
Suzlon Energy 39.22
Siemens 3808.80
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