Chennai based Ram Charan Co. Pvt. Ltd has set up a strategic investment with Bolt Mobility, a leading technology-focused transportation solutions company known for its leadership in sustainability in transportation in the United States. 

Co-founded by eight-time Olympic Gold Medalist Usain Bolt, Bolt Mobility is revolutionizing the way people move and experience their communities and travel to and from employment.

This partnership is a combination of cross investment, technology & material tech will be used to propel transportation sustainability efforts by bringing cutting-edge solid state battery technology; energy-efficient, metal-like plastics made from recycled waste; and coil less electric motors, to small and personal vehicles across the United States, India, Latin America, and Japan. By replacing small fossil-fuel engines, small electric vehicles will help reduce waste, emissions, and noise pollution.

As part of this partnership & investment this will also bring to the table next-generation IoT smart transportation devices which have the capacity to share data with urban planners, helping cities become more connected, electric, and efficient.

Commenting on the investment, Kaushik Palicha, Director, Ram Charan said, “The partnership with Bolt Mobility, a brand that stands for high standards, performance and sustainability is an important step forward for Ram Charan and its group companies. Bolt has a vision to ensure sustainability in their entire value chain, from quality of energy, quality of materials and the reach of its mobility devices - we would be supporting Bolt in these areas through our competencies, for them to achieve their goals.”

Ignacio Tzoumas, CEO, Bolt said, “I’m looking forward to partnering with Ram Charan Company and to usher in Transportation 2.0, together, we are helping create healthier, more livable cities of the future.”

Ram Charan works in the Waste to Energy space globally, and will bring to the table products that support Bolt mobility platform. Their group company Indo Japan Polymers Private Limited will work closely with Bolt to build competent plastic compounds for Bolt to have maximum efficiency in their mobility devices.

 This tie up will significantly improve the value of business for Ram Charan and their group company Indo Japan Polymers.