New Delhi, March 22, 2023: ANEVOLVE, a cleantech company established by Anjali and Jaisal Singh as part of the $2 billion ANAND Group, has launched its first plant for power electronics in Bhiwadi, Rajasthan. The plant, under ANEVOLVE’s new division “ANEVOLVE POWERTRONICS,” will focus on sustainable industries such as electric vehicles (EVs) and manufacturing products for non-auto sectors such as BLDC fans. The plant will manufacture EV products such as inverters, AC/DC converters, and onboard chargers, along with power distribution units. The plant’s launch aligns with the government’s “Make in India” vision and ANEVOLVE’s vision of creating clean technologies for a greener planet. ANEVOLVE plans to design, create, and manufacture green technologies and systems for various sectors, including EVs and white goods. The company aims to help India build its strategic electronics sector and reduce dependence on imports from any one country. In January, ANEVOLVE partnered with Japanese sustainable energy solution provider Headspring Inc. to set up an engineering center in India.
Speaking about ANEVOLVE and the launch of its POWERTRONICS division’s Bhiwadi plant, Mr. Jaisal Singh, Executive Chairman of ANEVOLVE, said: “As India rightly claims its place as a global economic superpower, it is imperative that our guiding principle for growth is sustainability. The creation of ANEVOLVE is for us, not just as business group but also as a family, an important and significant step in this journey.
ANEVOLVE will design, create, and manufacture green technologies, systems, and solutions for wide-ranging applications across sectors,” said Mr. Singh.
Speaking on the occasion, Mr. Sunil Kaul, Managing Director, ANEVOLVE said: “The automotive industry has undergone a sea change and electric mobility is the clear future of transport. Against this backdrop, there is a need for thoughtful collaborations to innovate and go down the path of sustainability. ANEVOLVE POWERTRONICS is a collective effort to conceptualise, design, and develop advanced technologies that provide appropriate and sustainable solutions to the mobility industry, as well as to non-auto sectors such as white goods.”
ANEVOLVE will help India build its strategic electronics sector as the world looks to build more diverse and resilient distribution networks and reduce the dependence on imports from any one country.
“ANEVOLVE’s POWERTRONICS Division is a big leap that complements the government’s ‘Make in India’ strategy, especially in the realm of power electronics. The world-class designs from ANEVOLVE’s collaboration with Headspring, provide complete solutions for electronic products in cleantech EVs and future Hydrogen vehicles. Internally, our factory is water-neutral that aligns with our vision of sustainability,” said Sumit Bhatnagar, Deputy Managing Director of ANEVOLVE.
