Epic Energy has signed a Joint Venture Agreement (JV Agreement) with Fenfeo Automotive, Coimbatore to set up a Electric Vehicle Charger manufacturing unit in Coimbatore with an installed capacity of 15,000 Chargers per annum.
A Joint Venture Company will be set up under the Agreement, with EPIC owning 76% of the Equity and Fenfeo owning 24% of the Equity. The JV Agreement also envisages expanding the initial installed capacity across multiple locations in India depending on the demands of the market.
Epic Energy has been in the business of Energy Efficiency and Renewable Energy Services.
